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 | |
|---|---|---|---|---|---|---|
|
CFLT
5201
DELISTED
Confluent
CFLT
| $2.66M | ﹤0.01% |
106,682
+1,721
| +2% | +$38.8K |
|
5202
PUT
Titan Machinery
TITN
$429M
| $2.66M | ﹤0.01% |
134,200
-4,500
| -3% | -$82.4K |
|
5203
PUT
Microvast
MVST
$322M
| $2.66M | ﹤0.01% |
732,300
-14,400
| -2% | -$42.1K |
|
5204
State Street SPDR S&P International Small Cap ETF
GWX
$931M
| $2.66M | ﹤0.01% |
+71,486
| New | +$2.45M |
|
5205
Live Oak Bancshares
LOB
$2B
| $2.66M | ﹤0.01% |
89,187
+6,716
| +8% | +$181K |
|
5206
Vericel Corp
VCEL
$2.26B
| $2.66M | ﹤0.01% |
62,459
-7,193
| -10% | -$299K |
|
5207
PUT
Full Truck Alliance
YMM
$9.14B
| $2.66M | ﹤0.01% |
225,000
-108,600
| -33% | -$1.26M |
|
5208
PUT
Louisiana-Pacific
LPX
$5.17B
| $2.66M | ﹤0.01% |
30,900
+17,500
| +131% | +$1.56M |
|
5209
Global Net Lease
GNL
$2.03B
| $2.66M | ﹤0.01% |
351,810
+88,055
| +33% | +$668K |
|
5210
CALL
Kodiak Gas Services
KGS
$6.6B
| $2.66M | ﹤0.01% |
77,500
-40,600
| -34% | -$1.4M |
|
5211
iShares S&P 500 Growth ETF
IVW
$77.6B
| $2.65M | ﹤0.01% |
24,107
-66,843
| -73% | -$6.62M |
|
5212
CALL
CNX Resources
CNX
$5.28B
| $2.65M | ﹤0.01% |
78,800
+24,600
| +45% | +$775K |
|
5213
PUT
Invesco Mortgage Capital
IVR
$805M
| $2.65M | ﹤0.01% |
338,300
+74,200
| +28% | +$547K |
|
5214
PUT
Gogo Inc
GOGO
$383M
| $2.65M | ﹤0.01% |
180,600
+153,100
| +557% | +$1.56M |
|
5215
CALL
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $2.65M | ﹤0.01% |
14,500
-1,700
| -10% | -$293K |
|
|
ONT
5216
PUT
Onterris Inc
ONT
$619M
| $2.65M | ﹤0.01% |
121,100
-108,600
| -47% | -$1.95M |
|
5217
CALL
Visteon
VC
$2.89B
| $2.65M | ﹤0.01% |
28,400
-1,000
| -3% | -$82.3K |
|
5218
PUT
Avery Dennison
AVY
$13.6B
| $2.65M | ﹤0.01% |
15,100
+10,400
| +221% | +$1.82M |
|
5219
Kyndryl
KD
$2.87B
| $2.65M | ﹤0.01% |
63,109
-79,082
| -56% | -$2.86M |
|
|
DFDV
5220
CALL
DeFi Development Corp
DFDV
$95.2M
| $2.65M | ﹤0.01% |
+135,850
| New | +$1.96M |
|
5221
CALL
NextDecade
NEXT
$1.91B
| $2.65M | ﹤0.01% |
297,000
+20,300
| +7% | +$157K |
|
5222
CALL
Tradr 1.25X NVDA Bear Daily ETF
NVDS
$12.6M
| $2.65M | ﹤0.01% |
61,000
+4,800
| +9% | +$315K |
|
5223
EyePoint Inc
EYPT
$1.27B
| $2.65M | ﹤0.01% |
281,115
+133,066
| +90% | +$919K |
|
5224
CALL
Children's Place
PLCE
$54.3M
| $2.65M | ﹤0.01% |
597,100
+261,300
| +78% | +$1.47M |
|
5225
PUT
iShares US Financial Services ETF
IYG
$2.23B
| $2.65M | ﹤0.01% |
30,900
+9,600
| +45% | +$761K |
|
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.