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 | |
|---|---|---|---|---|---|---|
5051
iShares World ex U.S. Carbon Transition Readiness Aware Active ETF
LCTD
$295M
| $2.86M | ﹤0.01% |
56,267
+7,426
| +15% | +$360K |
|
5052
CALL
Olin
OLN
$2.18B
| $2.86M | ﹤0.01% |
142,400
+91,600
| +180% | +$1.9M |
|
5053
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$273M
| $2.86M | ﹤0.01% |
45,094
-2,158,047
| -98% | -$128M |
|
5054
CALL
Beyond Meat
BYND
$232M
| $2.86M | ﹤0.01% |
27,297
-1,433
| -5% | -$124K |
|
5055
Axcelis
ACLS
$4.33B
| $2.86M | ﹤0.01% |
40,996
-24,361
| -37% | -$1.39M |
|
5056
CALL
Invesco DB Commodity Index Tracking Fund
DBC
$1.73B
| $2.85M | ﹤0.01% |
130,900
+95,900
| +274% | +$2.06M |
|
5057
Cadeler
CDLR
$2.22B
| $2.85M | ﹤0.01% |
143,628
-51
| -0% | -$1.04K |
|
5058
CALL
American Financial Group
AFG
$12.1B
| $2.85M | ﹤0.01% |
22,600
-3,600
| -14% | -$450K |
|
5059
Vertex
VERX
$2.06B
| $2.85M | ﹤0.01% |
80,680
+13,730
| +21% | +$522K |
|
5060
Trinity Industries
TRN
$2.36B
| $2.85M | ﹤0.01% |
105,541
-10,400
| -9% | -$268K |
|
5061
Twist Bioscience
TWST
$7.44B
| $2.85M | ﹤0.01% |
77,474
-6,391
| -8% | -$221K |
|
5062
Direxion Daily S&P 500 High Beta Bull 3X ETF
HIBL
$94.2M
| $2.85M | ﹤0.01% |
+66,309
| New | +$1.97M |
|
5063
PUT
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $2.85M | ﹤0.01% |
11,100
+1,300
| +13% | +$280K |
|
5064
Reynolds Consumer Products
REYN
$5.53B
| $2.84M | ﹤0.01% |
132,760
+10,956
| +9% | +$248K |
|
5065
CALL
Principal Financial Group
PFG
$24.4B
| $2.84M | ﹤0.01% |
35,800
+25,500
| +248% | +$1.96M |
|
5066
CALL
Construction Partners
ROAD
$6.9B
| $2.84M | ﹤0.01% |
+26,700
| New | +$2.49M |
|
5067
CALL
USA Compression Partners
USAC
$3.86B
| $2.84M | ﹤0.01% |
116,700
+61,000
| +110% | +$1.51M |
|
5068
Arcus Biosciences
RCUS
$3.75B
| $2.84M | ﹤0.01% |
348,460
+240,021
| +221% | +$2.05M |
|
5069
LCI Industries
LCII
$2.58B
| $2.83M | ﹤0.01% |
31,082
-15,881
| -34% | -$1.35M |
|
5070
PUT
Liberty Broadband Class C
LBRDK
$5.21B
| $2.83M | ﹤0.01% |
28,800
+8,200
| +40% | +$735K |
|
5071
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$413M
| $2.83M | ﹤0.01% |
105,400
-22,000
| -17% | -$605K |
|
|
GPGI
5072
CALL
GPGI Inc
GPGI
$3.7B
| $2.83M | ﹤0.01% |
201,000
+56,200
| +39% | +$689K |
|
5073
PUT
Eagle Materials
EXP
$6.4B
| $2.83M | ﹤0.01% |
14,000
+3,500
| +33% | +$754K |
|
5074
CALL
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$30.5M
| $2.83M | ﹤0.01% |
48,400
-35,300
| -42% | -$2.13M |
|
|
BORR
5075
Borr Drilling
BORR
$1.37B
| $2.83M | ﹤0.01% |
1,546,040
+706,026
| +84% | +$1.33M |
|
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.