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 | |
|---|---|---|---|---|---|---|
|
B
501
PUT
Barrick Mining
B
$66.7B
| $173M | 0.02% |
8,325,600
+380,500
| +5% | +$7.44M |
|
502
PUT
Charter Communications
CHTR
$18.2B
| $173M | 0.02% |
423,500
-38,200
| -8% | -$14.6M |
|
503
PUT
Airbnb
ABNB
$110B
| $173M | 0.02% |
1,305,600
-580,700
| -31% | -$73.6M |
|
504
CALL
American Airlines Group
AAL
$9.94B
| $171M | 0.02% |
15,283,600
+305,500
| +2% | +$3.27M |
|
505
CALL
MP Materials
MP
$9.64B
| $171M | 0.02% |
5,140,700
+3,925,600
| +323% | +$100M |
|
506
CALL
Automatic Data Processing
ADP
$107B
| $171M | 0.02% |
554,500
+94,100
| +20% | +$28.9M |
|
507
CALL
Futu Holdings
FUTU
$14.5B
| $171M | 0.02% |
1,381,000
+36,200
| +3% | +$3.7M |
|
508
CALL
Marathon Petroleum
MPC
$98.5B
| $171M | 0.02% |
1,026,500
+254,000
| +33% | +$38.1M |
|
509
PUT
Ford
F
$55.3B
| $170M | 0.02% |
15,664,000
-6,025,500
| -28% | -$61.4M |
|
510
CALL
Zoom
ZM
$31B
| $169M | 0.02% |
2,173,500
-656,100
| -23% | -$50.7M |
|
511
CALL
Cencora
COR
$59.9B
| $169M | 0.02% |
564,900
+36,700
| +7% | +$10.6M |
|
512
PUT
Enphase Energy
ENPH
$5.34B
| $169M | 0.02% |
4,250,900
+1,407,000
| +49% | +$65M |
|
513
CALL
Direxion Daily Financial Bull 3x ETF
FAS
$2.45B
| $168M | 0.02% |
999,400
-59,300
| -6% | -$8.64M |
|
514
PUT
Rocket Lab Corp
RKLB
$51.7B
| $168M | 0.02% |
4,706,900
+586,500
| +14% | +$14.4M |
|
515
CALL
On Holding
ONON
$10.3B
| $168M | 0.02% |
3,230,900
-640,700
| -17% | -$32.6M |
|
516
CALL
HCA Healthcare
HCA
$88B
| $168M | 0.02% |
437,800
-118,300
| -21% | -$42.6M |
|
517
CALL
Coupang
CPNG
$29B
| $167M | 0.02% |
5,586,200
+2,941,800
| +111% | +$75.4M |
|
518
CALL
Constellation Brands
STZ
$23.2B
| $167M | 0.02% |
1,027,600
+190,700
| +23% | +$34.2M |
|
519
PUT
Boston Scientific
BSX
$74.6B
| $167M | 0.02% |
1,553,100
+403,700
| +35% | +$40.8M |
|
520
CALL
Fair Isaac
FICO
$22.8B
| $166M | 0.02% |
90,600
+47,300
| +109% | +$88.8M |
|
521
Eli Lilly
LLY
$1.08T
| $165M | 0.02% |
212,045
+127,705
| +151% | +$99.2M |
|
|
OKLO
522
CALL
Oklo
OKLO
$8.39B
| $165M | 0.02% |
2,939,600
+894,700
| +44% | +$34.5M |
|
523
CALL
Rivian
RIVN
$23.1B
| $164M | 0.02% |
11,950,700
-90,100
| -0.7% | -$1.22M |
|
524
PUT
General Motors
GM
$76.2B
| $164M | 0.02% |
3,322,600
-2,363,000
| -42% | -$112M |
|
525
CALL
Western Digital
WDC
$169B
| $163M | 0.02% |
2,553,100
-1,384,700
| -35% | -$65.9M |
|
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.