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 | |
|---|---|---|---|---|---|---|
4901
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $3.09M | ﹤0.01% |
15,836
-38,856
| -71% | -$7.19M |
|
4902
CALL
FTAI Infrastructure
FIP
$533M
| $3.09M | ﹤0.01% |
500,500
+68,100
| +16% | +$345K |
|
4903
CALL
Immunocore
IMCR
$1.76B
| $3.09M | ﹤0.01% |
98,400
-21,000
| -18% | -$652K |
|
4904
CALL
Louisiana-Pacific
LPX
$5.17B
| $3.09M | ﹤0.01% |
35,900
-6,000
| -14% | -$533K |
|
4905
Hubbell
HUBB
$27B
| $3.08M | ﹤0.01% |
7,553
-4,159
| -36% | -$1.54M |
|
|
SNRE
4906
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $3.08M | ﹤0.01% |
54,534
-80,266
| -60% | -$4.19M |
|
4907
CALL
Banco Bradesco
BBD
$34.2B
| $3.08M | ﹤0.01% |
997,900
+42,500
| +4% | +$112K |
|
|
NMAX
4908
PUT
Newsmax Inc
NMAX
$1.4B
| $3.08M | ﹤0.01% |
+203,800
| New | +$5.34M |
|
|
ETHW
4909
Bitwise Ethereum ETF
ETHW
$197M
| $3.08M | ﹤0.01% |
170,679
+125,699
| +279% | +$1.98M |
|
4910
Sarepta Therapeutics
SRPT
$1.91B
| $3.08M | ﹤0.01% |
180,246
+121,470
| +207% | +$5.18M |
|
4911
CALL
United Natural Foods
UNFI
$2.93B
| $3.08M | ﹤0.01% |
132,200
+51,500
| +64% | +$1.34M |
|
|
AEVA
4912
PUT
Aeva Technologies
AEVA
$1.62B
| $3.08M | ﹤0.01% |
81,500
+67,300
| +474% | +$1.02M |
|
4913
AvePoint
AVPT
$2.85B
| $3.08M | ﹤0.01% |
159,342
-109,420
| -41% | -$1.9M |
|
4914
CALL
Simpson Manufacturing
SSD
$7.94B
| $3.08M | ﹤0.01% |
19,800
+4,700
| +31% | +$728K |
|
4915
PUT
SEALSQ Corp
LAES
$671M
| $3.07M | ﹤0.01% |
762,800
+549,300
| +257% | +$1.69M |
|
4916
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $3.07M | ﹤0.01% |
11,984
+3,049
| +34% | +$656K |
|
4917
PUT
iShares Global 100 ETF
IOO
$9.42B
| $3.07M | ﹤0.01% |
28,500
+100
| +0.4% | +$9.93K |
|
4918
Northwest Bancshares
NWBI
$2.31B
| $3.07M | ﹤0.01% |
240,381
-13,072
| -5% | -$159K |
|
4919
Essex Property Trust
ESS
$18.5B
| $3.07M | ﹤0.01% |
10,840
+4,109
| +61% | +$1.15M |
|
4920
Andersons Inc
ANDE
$2.24B
| $3.07M | ﹤0.01% |
83,565
+4,070
| +5% | +$149K |
|
|
TPC
4921
Tutor Perini Cor
TPC
$5.09B
| $3.07M | ﹤0.01% |
65,604
-106,412
| -62% | -$3.39M |
|
4922
CALL
Warrior Met Coal
HCC
$5.19B
| $3.07M | ﹤0.01% |
66,900
-22,900
| -26% | -$1.06M |
|
|
4923
CALL
SEALSQ Corp
LAES
$671M
| $3.06M | ﹤0.01% |
760,500
+345,000
| +83% | +$1.06M |
|
|
KALV
4924
CALL
DELISTED
KalVista Pharmaceuticals
KALV
| $3.06M | ﹤0.01% |
270,600
-66,800
| -20% | -$817K |
|
4925
Freshpet
FRPT
$3.5B
| $3.06M | ﹤0.01% |
45,032
-8,941
| -17% | -$698K |
|
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.