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 | |
|---|---|---|---|---|---|---|
|
JFIN
5026
PUT
Jiayin Group
JFIN
$119M
| $2.9M | ﹤0.01% |
181,000
+16,100
| +10% | +$218K |
|
5027
Tiptree Inc
TIPT
$672M
| $2.9M | ﹤0.01% |
122,906
+83,037
| +208% | +$1.85M |
|
5028
PUT
AXIS Capital
AXS
$7.38B
| $2.9M | ﹤0.01% |
+27,900
| New | +$2.78M |
|
5029
PUT
MACOM Technology Solutions
MTSI
$24.2B
| $2.89M | ﹤0.01% |
20,200
-10,800
| -35% | -$1.26M |
|
5030
PUT
Sensata Technologies
ST
$6.73B
| $2.89M | ﹤0.01% |
96,100
+20,300
| +27% | +$498K |
|
5031
Simplify Managed Futures Strategy ETF
CTA
$1.58B
| $2.89M | ﹤0.01% |
+108,196
| New | +$3.01M |
|
5032
PUT
Varonis Systems
VRNS
$5.17B
| $2.89M | ﹤0.01% |
56,900
+38,400
| +208% | +$1.75M |
|
5033
Worthington Enterprises
WOR
$2.87B
| $2.89M | ﹤0.01% |
45,371
-21,398
| -32% | -$1.19M |
|
5034
Strategic Education
STRA
$1.83B
| $2.89M | ﹤0.01% |
33,912
-3,026
| -8% | -$257K |
|
5035
PUT
China Yuchai International
CYD
$1.7B
| $2.89M | ﹤0.01% |
120,700
-3,100
| -3% | -$54.4K |
|
5036
PUT
Globe Life
GL
$14.1B
| $2.88M | ﹤0.01% |
23,200
-78,800
| -77% | -$9.57M |
|
|
PMT
5037
PennyMac Mortgage Investment
PMT
$824M
| $2.88M | ﹤0.01% |
224,170
+95,232
| +74% | +$1.21M |
|
5038
Akebia Therapeutics
AKBA
$242M
| $2.88M | ﹤0.01% |
791,352
+104,073
| +15% | +$286K |
|
5039
Triumph Financial Inc
TFIN
$1.87B
| $2.88M | ﹤0.01% |
52,238
+9,589
| +22% | +$534K |
|
5040
AllianceBernstein
AB
$3.41B
| $2.88M | ﹤0.01% |
70,492
-256,095
| -78% | -$10M |
|
5041
PUT
Fiverr
FVRR
$324M
| $2.87M | ﹤0.01% |
98,000
-52,300
| -35% | -$1.5M |
|
5042
PUT
PBF Energy
PBF
$8.52B
| $2.87M | ﹤0.01% |
132,600
-115,200
| -46% | -$2.19M |
|
|
APLS
5043
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $2.87M | ﹤0.01% |
165,900
-3,700
| -2% | -$68.5K |
|
5044
VictoryShares US Value Momentum ETF
ULVM
$273M
| $2.87M | ﹤0.01% |
33,718
+11,660
| +53% | +$932K |
|
|
SVM
5045
Silvercorp Metals
SVM
$2.66B
| $2.87M | ﹤0.01% |
679,975
+117,723
| +21% | +$456K |
|
5046
PUT
Remitly
RELY
$5.54B
| $2.87M | ﹤0.01% |
152,700
+7,200
| +5% | +$150K |
|
5047
FB Financial Corp
FBK
$3.09B
| $2.86M | ﹤0.01% |
63,238
+8,855
| +16% | +$385K |
|
5048
CALL
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.58B
| $2.86M | ﹤0.01% |
87,700
+49,600
| +130% | +$1.47M |
|
5049
DigitalBridge
DBRG
$2.94B
| $2.86M | ﹤0.01% |
276,657
-7,476
| -3% | -$71.3K |
|
|
DCH
5050
Dauch Corp
DCH
$1.6B
| $2.86M | ﹤0.01% |
701,524
+306,892
| +78% | +$1.24M |
|
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.