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 | |
|---|---|---|---|---|---|---|
|
SAIL
4851
CALL
SailPoint Inc
SAIL
$11.1B
| $3.17M | ﹤0.01% |
+138,800
| New | +$2.62M |
|
4852
PUT
Loews
L
$23.1B
| $3.17M | ﹤0.01% |
34,600
+31,100
| +889% | +$2.73M |
|
4853
CALL
Direxion Daily Healthcare Bull 3X ETF
CURE
$187M
| $3.17M | ﹤0.01% |
40,200
-1,700
| -4% | -$137K |
|
4854
Avantis International Small Cap Value ETF
AVDV
$20B
| $3.17M | ﹤0.01% |
+39,964
| New | +$2.96M |
|
4855
Fidelity Value Factor ETF
FVAL
$1.38B
| $3.16M | ﹤0.01% |
49,535
+26,498
| +115% | +$1.59M |
|
4856
PUT
DHT Holdings
DHT
$3.15B
| $3.16M | ﹤0.01% |
292,500
+65,000
| +29% | +$717K |
|
4857
CALL
Elanco Animal Health
ELAN
$11.8B
| $3.16M | ﹤0.01% |
221,400
-102,200
| -32% | -$1.19M |
|
|
OPLN
4858
Openlane
OPLN
$4.33B
| $3.16M | ﹤0.01% |
129,238
-6,910
| -5% | -$146K |
|
4859
iShares Treasury Floating Rate Bond ETF
TFLO
$6.72B
| $3.16M | ﹤0.01% |
62,360
+29,544
| +90% | +$1.49M |
|
4860
Chefs' Warehouse
CHEF
$4.45B
| $3.16M | ﹤0.01% |
49,479
+997
| +2% | +$59.2K |
|
|
BTC
4861
PUT
Grayscale Bitcoin Mini Trust ETF
BTC
$3.33B
| $3.16M | ﹤0.01% |
66,100
+30,500
| +86% | +$1.33M |
|
|
VNET
4862
CALL
VNET Group
VNET
$2.16B
| $3.15M | ﹤0.01% |
457,100
-570,500
| -56% | -$3.42M |
|
4863
PUT
Scholar Rock
SRRK
$6.4B
| $3.15M | ﹤0.01% |
88,900
-67,400
| -43% | -$2.12M |
|
4864
PUT
West Fraser Timber
WFG
$5.54B
| $3.14M | ﹤0.01% |
42,900
+32,600
| +317% | +$2.42M |
|
|
MNRS
4865
Grayscale Bitcoin Miners ETF
MNRS
$11.4M
| $3.14M | ﹤0.01% |
125,196
-20,360
| -14% | -$407K |
|
|
GES
4866
CALL
DELISTED
Guess Inc
GES
| $3.14M | ﹤0.01% |
260,000
+75,500
| +41% | +$843K |
|
4867
Dick's Sporting Goods
DKS
$18.1B
| $3.14M | ﹤0.01% |
15,891
-15,392
| -49% | -$2.85M |
|
4868
PUT
Uranium Energy
UEC
$5.55B
| $3.14M | ﹤0.01% |
462,200
+80,300
| +21% | +$450K |
|
4869
CALL
Trinity Capital Inc
TRIN
$1.72B
| $3.14M | ﹤0.01% |
+223,200
| New | +$3.22M |
|
4870
iShares Morningstar US Equity ETF
ILCB
$1.32B
| $3.14M | ﹤0.01% |
36,581
+23,313
| +176% | +$1.85M |
|
4871
CALL
Century Communities
CCS
$2.01B
| $3.14M | ﹤0.01% |
55,700
+10,600
| +24% | +$594K |
|
4872
PUT
Acuity Brands
AYI
$10.7B
| $3.13M | ﹤0.01% |
10,500
+7,800
| +289% | +$2.02M |
|
4873
iShares Interest Rate Hedged Corporate Bond ETF
LQDH
$540M
| $3.13M | ﹤0.01% |
33,902
+25,186
| +289% | +$2.3M |
|
4874
PUT
Vanguard Russell 2000 ETF
VTWO
$17.6B
| $3.13M | ﹤0.01% |
+35,900
| New | +$2.92M |
|
4875
CALL
Hawaiian Electric Industries
HE
$2.03B
| $3.13M | ﹤0.01% |
294,400
+33,100
| +13% | +$345K |
|
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.