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 | |
|---|---|---|---|---|---|---|
5101
Appian
APPN
$2.54B
| $2.79M | ﹤0.01% |
93,559
-38,123
| -29% | -$1.14M |
|
|
AZEK
5102
CALL
DELISTED
The AZEK Co
AZEK
| $2.79M | ﹤0.01% |
51,400
-19,200
| -27% | -$962K |
|
5103
iShares US Pharmaceuticals ETF
IHE
$1.64B
| $2.79M | ﹤0.01% |
42,566
-5,517
| -11% | -$359K |
|
5104
CALL
Freedom Holding
FRHC
$9.34B
| $2.79M | ﹤0.01% |
19,100
-400
| -2% | -$59K |
|
5105
City Holding Co
CHCO
$2.07B
| $2.79M | ﹤0.01% |
22,778
+880
| +4% | +$103K |
|
5106
CALL
Rollins
ROL
$17.4B
| $2.79M | ﹤0.01% |
49,400
-32,800
| -40% | -$1.84M |
|
5107
Outfront Media
OUT
$5.33B
| $2.79M | ﹤0.01% |
170,779
-2,911
| -2% | -$45.5K |
|
5108
First Trust Consumer Staples AlphaDEX Fund
FXG
$233M
| $2.79M | ﹤0.01% |
44,038
+4,983
| +13% | +$319K |
|
5109
Coastal Financial
CCB
$802M
| $2.79M | ﹤0.01% |
28,757
+2,848
| +11% | +$245K |
|
5110
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
HDEF
$2.34B
| $2.78M | ﹤0.01% |
+96,498
| New | +$2.7M |
|
5111
Fortive
FTV
$18.6B
| $2.78M | ﹤0.01% |
53,402
+131
| +0.2% | +$6.86K |
|
5112
PUT
Lear
LEA
$8.32B
| $2.78M | ﹤0.01% |
29,300
-200,700
| -87% | -$17.6M |
|
5113
PUT
Imperial Oil
IMO
$64.5B
| $2.78M | ﹤0.01% |
35,000
+27,200
| +349% | +$1.94M |
|
|
ARIS
5114
DELISTED
Aris Water Solutions
ARIS
| $2.78M | ﹤0.01% |
117,575
+29,108
| +33% | +$718K |
|
5115
NovaGold Resources
NG
$3.48B
| $2.78M | ﹤0.01% |
679,733
+260,660
| +62% | +$976K |
|
5116
Adaptive Biotechnologies
ADPT
$3.94B
| $2.78M | ﹤0.01% |
238,590
+59,342
| +33% | +$539K |
|
5117
CALL
Newell Brands
NWL
$2.66B
| $2.78M | ﹤0.01% |
514,500
+22,800
| +5% | +$121K |
|
|
AMRN
5118
CALL
Amarin Corp
AMRN
$297M
| $2.78M | ﹤0.01% |
171,200
+167,335
| +4,329% | +$1.88M |
|
5119
Quest Diagnostics
DGX
$25.9B
| $2.78M | ﹤0.01% |
15,453
-21,279
| -58% | -$3.7M |
|
5120
Forward Air
FWRD
$640M
| $2.77M | ﹤0.01% |
112,923
+62,097
| +122% | +$1.1M |
|
5121
CONMED
CNMD
$1.51B
| $2.77M | ﹤0.01% |
53,154
+5,543
| +12% | +$304K |
|
5122
Helen of Troy
HELE
$704M
| $2.77M | ﹤0.01% |
97,504
+59,751
| +158% | +$1.83M |
|
|
EBTC
5123
DELISTED
Enterprise Bancorp
EBTC
| $2.77M | ﹤0.01% |
69,770
+17,684
| +34% | +$675K |
|
5124
CALL
Vicor
VICR
$10.8B
| $2.76M | ﹤0.01% |
60,900
+32,700
| +116% | +$1.46M |
|
5125
Eledon Pharmaceuticals
ELDN
$288M
| $2.76M | ﹤0.01% |
1,018,919
-566,729
| -36% | -$1.7M |
|
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.