Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$680M |
| 2 |
Microsoft
MSFT
|
+$506M |
| 3 |
UnitedHealth
UNH
|
+$393M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$381M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5.24B |
| 2 |
Tesla
TSLA
|
+$450M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$444M |
| 4 |
TSMC
TSM
|
+$432M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.79% |
| 2 | Consumer Discretionary | 0.82% |
| 3 | Financials | 0.79% |
| 4 | Healthcare | 0.66% |
| 5 | Industrials | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
4726
CALL
SM Energy
SM
$8.03B
| $3.38M | ﹤0.01% |
136,800
+14,000
| +11% | +$339K |
|
4727
Fulgent Genetics
FLGT
$511M
| $3.38M | ﹤0.01% |
169,965
+108,227
| +175% | +$2.11M |
|
4728
LegalZoom.com
LZ
$963M
| $3.38M | ﹤0.01% |
378,795
-6,512
| -2% | -$54.6K |
|
4729
Reinsurance Group of America
RGA
$16.3B
| $3.37M | ﹤0.01% |
16,995
-12,586
| -43% | -$2.46M |
|
4730
PUT
FS KKR Capital
FSK
$3.42B
| $3.37M | ﹤0.01% |
162,400
-81,600
| -33% | -$1.66M |
|
4731
PENN Entertainment
PENN
$2.52B
| $3.37M | ﹤0.01% |
188,511
-281,880
| -60% | -$4.42M |
|
4732
Equitable Holdings
EQH
$14.5B
| $3.37M | ﹤0.01% |
60,044
-32,103
| -35% | -$1.65M |
|
4733
PUT
W.R. Berkley
WRB
$26.2B
| $3.36M | ﹤0.01% |
45,800
-2,600
| -5% | -$186K |
|
4734
CALL
Verisk Analytics
VRSK
$23.6B
| $3.36M | ﹤0.01% |
10,800
-30,900
| -74% | -$9.37M |
|
4735
PAR Technology
PAR
$788M
| $3.36M | ﹤0.01% |
48,431
+5,463
| +13% | +$341K |
|
4736
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $3.36M | ﹤0.01% |
48,000
+23,600
| +97% | +$1.55M |
|
4737
Garrett Motion
GTX
$5.41B
| $3.35M | ﹤0.01% |
319,159
+61,157
| +24% | +$616K |
|
4738
CALL
Worthington Enterprises
WOR
$2.87B
| $3.35M | ﹤0.01% |
52,700
+39,300
| +293% | +$2.18M |
|
4739
CALL
Churchill Downs
CHDN
$6.33B
| $3.35M | ﹤0.01% |
33,200
+25,000
| +305% | +$2.45M |
|
4740
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.41B
| $3.35M | ﹤0.01% |
124,800
-69,000
| -36% | -$1.79M |
|
4741
ProShares Ultra QQQ
QLD
$14.4B
| $3.35M | ﹤0.01% |
56,938
-81,138
| -59% | -$3.94M |
|
4742
PUT
A2Z Smart Technologies
AZ
$326M
| $3.35M | ﹤0.01% |
316,600
+275,300
| +667% | +$2.36M |
|
|
CVSA
4743
CALL
Covista Inc
CVSA
$4.49B
| $3.35M | ﹤0.01% |
26,300
-8,600
| -25% | -$1.02M |
|
4744
PUT
Lattice Semiconductor
LSCC
$18.5B
| $3.35M | ﹤0.01% |
68,300
-18,200
| -21% | -$871K |
|
4745
PUT
Kodak
KODK
$979M
| $3.34M | ﹤0.01% |
591,800
-1,034,600
| -64% | -$6.22M |
|
4746
Hawkins
HWKN
$2.74B
| $3.34M | ﹤0.01% |
23,513
-5,167
| -18% | -$650K |
|
4747
ProShares VIX Short-Term Futures ETF
VIXY
$188M
| $3.34M | ﹤0.01% |
71,261
-36,450
| -34% | -$2.1M |
|
4748
PUT
PTC Therapeutics
PTCT
$5.98B
| $3.34M | ﹤0.01% |
68,300
-43,900
| -39% | -$2.08M |
|
4749
PUT
VanEck High Yield Muni ETF
HYD
$4.4B
| $3.33M | ﹤0.01% |
66,400
-68,900
| -51% | -$3.44M |
|
4750
PUT
Aaon
AAON
$7.24B
| $3.33M | ﹤0.01% |
45,200
+28,700
| +174% | +$2.52M |
|
Similar funds
Susquehanna International Group's Q2 2025 Portfolio in Review
As of Q2 2025, Susquehanna International Group held 14,080 positions worth $720B, up 23% from $586B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Susquehanna International Group deployed $32.3B of net new capital in Q2 2025, opening 1,720 new positions and adding to 5,716 existing holdings. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B trimmed.
- Susquehanna International Group's largest Q2 2025 buy was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
- Susquehanna International Group added most to Apple in Q2 2025, an estimated $680M increase.
- Susquehanna International Group's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $5.24B.
- Susquehanna International Group fully exited Vanguard Intermediate-Term Bond ETF in Q2 2025, selling an estimated $61.8M.
- Susquehanna International Group's ten largest holdings make up 26% of its $720B portfolio in Q2 2025.
- Susquehanna International Group opened 1,720 new positions and closed 1,538 in Q2 2025.
- Susquehanna International Group's portfolio value rose 23% quarter-over-quarter to $720B.
Based on Susquehanna International Group's 13F filing for Q2 2025, filed 14 Aug 2025.