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 | |
|---|---|---|---|---|---|---|
476
CALL
Celestica
CLS
$45.3B
| $187M | 0.03% |
1,198,700
+511,800
| +75% | +$54.4M |
|
477
CALL
Synopsys
SNPS
$79.2B
| $186M | 0.03% |
362,100
+58,200
| +19% | +$27.1M |
|
478
CALL
United Rentals
URI
$69.5B
| $186M | 0.03% |
246,400
+10,000
| +4% | +$6.69M |
|
479
Dell
DELL
$324B
| $185M | 0.03% |
1,512,112
+666,650
| +79% | +$68.1M |
|
480
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.8B
| $185M | 0.03% |
2,286,200
+260,700
| +13% | +$21.2M |
|
481
CALL
General Motors
GM
$76.3B
| $185M | 0.03% |
3,757,700
-2,910,700
| -44% | -$138M |
|
482
Marvell Technology
MRVL
$205B
| $184M | 0.03% |
2,375,737
+122,048
| +5% | +$7.62M |
|
483
CALL
Energy Transfer Partners
ET
$72.6B
| $181M | 0.03% |
9,973,700
-320,900
| -3% | -$5.6M |
|
484
PUT
Vertex Pharmaceuticals
VRTX
$133B
| $181M | 0.03% |
405,500
+89,400
| +28% | +$41.2M |
|
|
HES
485
PUT
DELISTED
Hess
HES
| $180M | 0.03% |
1,296,900
+566,800
| +78% | +$76.5M |
|
486
CALL
Danaher
DHR
$144B
| $179M | 0.02% |
908,300
-975,400
| -52% | -$189M |
|
487
CALL
3M
MMM
$93.7B
| $179M | 0.02% |
1,177,600
-1,353,800
| -53% | -$193M |
|
488
CALL
Charter Communications
CHTR
$18.1B
| $179M | 0.02% |
437,000
+195,300
| +81% | +$74.8M |
|
489
CALL
TJX Companies
TJX
$168B
| $179M | 0.02% |
1,445,900
-1,319,900
| -48% | -$167M |
|
490
PUT
Marriott International
MAR
$92.5B
| $178M | 0.02% |
651,800
+202,200
| +45% | +$50.7M |
|
491
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
| $177M | 0.02% |
1,201,700
-182,300
| -13% | -$24.9M |
|
492
Salesforce
CRM
$158B
| $177M | 0.02% |
649,541
-504,179
| -44% | -$135M |
|
493
PUT
Burlington
BURL
$22.2B
| $177M | 0.02% |
759,600
+440,600
| +138% | +$105M |
|
494
PUT
Global Payments
GPN
$23.9B
| $176M | 0.02% |
2,202,400
+1,632,600
| +287% | +$129M |
|
495
CALL
McKesson
MCK
$100B
| $176M | 0.02% |
240,500
+129,000
| +116% | +$91M |
|
496
PUT
Interactive Brokers
IBKR
$41.7B
| $176M | 0.02% |
3,172,000
+1,206,800
| +61% | +$57.3M |
|
497
PUT
Digital Realty Trust
DLR
$73.1B
| $176M | 0.02% |
1,007,400
+434,400
| +76% | +$71M |
|
498
CALL
Enphase Energy
ENPH
$5.35B
| $175M | 0.02% |
4,423,700
+2,923,600
| +195% | +$135M |
|
499
Zscaler
ZS
$29.1B
| $175M | 0.02% |
558,415
+541,373
| +3,177% | +$135M |
|
500
PUT
Moderna
MRNA
$25.8B
| $174M | 0.02% |
6,309,400
+1,232,900
| +24% | +$32.5M |
|
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.