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 | |
|---|---|---|---|---|---|---|
4751
Vornado Realty Trust
VNO
$7.28B
| $3.33M | ﹤0.01% |
87,160
-34,536
| -28% | -$1.29M |
|
4752
PUT
Altimmune
ALT
$572M
| $3.33M | ﹤0.01% |
859,500
+7,900
| +0.9% | +$42.8K |
|
|
KALV
4753
DELISTED
KalVista Pharmaceuticals
KALV
| $3.33M | ﹤0.01% |
294,198
+242,030
| +464% | +$2.96M |
|
4754
NCR Voyix
VYX
$1.13B
| $3.32M | ﹤0.01% |
283,385
-11,757
| -4% | -$119K |
|
4755
GlobalFoundries
GFS
$30B
| $3.32M | ﹤0.01% |
87,001
+71,814
| +473% | +$2.6M |
|
4756
Vanguard Materials ETF
VAW
$3.07B
| $3.32M | ﹤0.01% |
+17,054
| New | +$3.2M |
|
4757
Jefferies Financial Group
JEF
$12.7B
| $3.32M | ﹤0.01% |
60,737
-79,631
| -57% | -$3.94M |
|
4758
Synaptics
SYNA
$4.25B
| $3.32M | ﹤0.01% |
51,195
-93,779
| -65% | -$5.52M |
|
4759
CALL
Stratasys
SSYS
$781M
| $3.32M | ﹤0.01% |
289,300
+74,700
| +35% | +$758K |
|
4760
Vita Coco
COCO
$3.77B
| $3.32M | ﹤0.01% |
91,918
+11,073
| +14% | +$370K |
|
4761
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$342M
| $3.32M | ﹤0.01% |
30,500
-3,900
| -11% | -$408K |
|
4762
CALL
NCR Atleos
NATL
$3.47B
| $3.32M | ﹤0.01% |
116,300
+105,700
| +997% | +$2.85M |
|
4763
Four Corners Property Trust
FCPT
$2.77B
| $3.32M | ﹤0.01% |
123,249
+5,681
| +5% | +$156K |
|
4764
PUT
Waters Corp
WAT
$40.5B
| $3.32M | ﹤0.01% |
9,500
+2,700
| +40% | +$928K |
|
4765
FormFactor
FORM
$10.3B
| $3.31M | ﹤0.01% |
96,286
-24,532
| -20% | -$745K |
|
4766
ProShares Investment Grade-Interest Rate Hedged
IGHG
$329M
| $3.31M | ﹤0.01% |
42,278
+39,593
| +1,475% | +$3.05M |
|
4767
CALL
ITT
ITT
$19.6B
| $3.31M | ﹤0.01% |
21,100
-2,100
| -9% | -$299K |
|
4768
Teledyne Technologies
TDY
$31.5B
| $3.31M | ﹤0.01% |
6,459
-8,027
| -55% | -$3.87M |
|
4769
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $3.31M | ﹤0.01% |
32,564
-30,891
| -49% | -$3.1M |
|
4770
Hyatt Hotels
H
$17.1B
| $3.31M | ﹤0.01% |
23,689
-23,420
| -50% | -$2.92M |
|
4771
Huntington Ingalls Industries
HII
$12.9B
| $3.31M | ﹤0.01% |
13,700
+3,244
| +31% | +$725K |
|
4772
ACV Auctions
ACVA
$1.4B
| $3.31M | ﹤0.01% |
203,854
+26,405
| +15% | +$411K |
|
4773
CALL
Zai Lab
ZLAB
$2.91B
| $3.3M | ﹤0.01% |
94,500
+61,800
| +189% | +$2.03M |
|
4774
Ligand Pharmaceuticals
LGND
$5.87B
| $3.3M | ﹤0.01% |
29,060
+6,295
| +28% | +$673K |
|
4775
PUT
Icon
ICLR
$12.6B
| $3.3M | ﹤0.01% |
22,700
-14,000
| -38% | -$1.99M |
|
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.