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 | |
|---|---|---|---|---|---|---|
4776
CALL
Burford Capital
BUR
$960M
| $3.3M | ﹤0.01% |
231,500
+122,200
| +112% | +$1.6M |
|
4777
CALL
Compass
COMP
$9.99B
| $3.3M | ﹤0.01% |
525,600
+106,400
| +25% | +$729K |
|
4778
CALL
Adient
ADNT
$1.57B
| $3.3M | ﹤0.01% |
169,500
+48,600
| +40% | +$718K |
|
4779
PUT
Viasat
VSAT
$11.4B
| $3.3M | ﹤0.01% |
225,700
+101,600
| +82% | +$1.03M |
|
4780
Invesco S&P SmallCap 600 Revenue ETF
RWJ
$2.11B
| $3.29M | ﹤0.01% |
76,111
+68,067
| +846% | +$2.74M |
|
4781
SEI Investments
SEIC
$12.8B
| $3.29M | ﹤0.01% |
36,588
+23,972
| +190% | +$1.93M |
|
4782
Immersion
IMMR
$249M
| $3.29M | ﹤0.01% |
417,149
+59,285
| +17% | +$441K |
|
4783
PUT
Danaos Corp
DAC
$2.58B
| $3.29M | ﹤0.01% |
38,100
+3,600
| +10% | +$295K |
|
4784
Northern Oil and Gas
NOG
$2.61B
| $3.29M | ﹤0.01% |
115,897
-3,696
| -3% | -$99.4K |
|
4785
PUT
Cirrus Logic
CRUS
$6.07B
| $3.28M | ﹤0.01% |
31,500
+14,100
| +81% | +$1.38M |
|
|
EIPI
4786
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.12B
| $3.28M | ﹤0.01% |
166,475
+140,760
| +547% | +$2.72M |
|
4787
PUT
iShare MSCI Eurozone ETF
EZU
$9.97B
| $3.28M | ﹤0.01% |
55,200
+41,700
| +309% | +$2.36M |
|
4788
W.R. Berkley
WRB
$26.2B
| $3.28M | ﹤0.01% |
44,651
+5,535
| +14% | +$397K |
|
4789
PUT
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$30.5M
| $3.28M | ﹤0.01% |
56,100
-29,100
| -34% | -$1.76M |
|
4790
PUT
Chemours
CC
$2.39B
| $3.28M | ﹤0.01% |
286,400
+42,200
| +17% | +$476K |
|
4791
CALL
ThredUp
TDUP
$403M
| $3.28M | ﹤0.01% |
437,700
+346,000
| +377% | +$2.03M |
|
4792
JPMorgan BetaBuilders US Equity ETF
BBUS
$9.26B
| $3.28M | ﹤0.01% |
29,280
-9,429
| -24% | -$975K |
|
4793
PUT
AdaptHealth
AHCO
$775M
| $3.27M | ﹤0.01% |
347,200
-186,100
| -35% | -$1.64M |
|
4794
United States Brent Oil Fund
BNO
$785M
| $3.27M | ﹤0.01% |
111,981
+76,483
| +215% | +$2.15M |
|
4795
Avantis US Large Cap Value ETF
AVLV
$18.5B
| $3.27M | ﹤0.01% |
47,870
+42,459
| +785% | +$2.73M |
|
4796
CALL
FLEX LNG
FLNG
$1.67B
| $3.26M | ﹤0.01% |
148,500
+50,200
| +51% | +$1.18M |
|
4797
Dana Inc
DAN
$3.26B
| $3.26M | ﹤0.01% |
190,239
+19,423
| +11% | +$290K |
|
4798
SELLAS Life Sciences
SLS
$2.58B
| $3.26M | ﹤0.01% |
1,489,672
+800,976
| +116% | +$1.23M |
|
4799
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.9B
| $3.26M | ﹤0.01% |
40,077
-521
| -1% | -$38.4K |
|
4800
Lamb Weston
LW
$7.3B
| $3.26M | ﹤0.01% |
62,902
-10,537
| -14% | -$564K |
|
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.