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 | |
|---|---|---|---|---|---|---|
5276
PubMatic
PUBM
$801M
| $2.56M | ﹤0.01% |
206,134
+16,260
| +9% | +$171K |
|
5277
CALL
Cavco Industries
CVCO
$4.65B
| $2.56M | ﹤0.01% |
5,900
-4,700
| -44% | -$2.2M |
|
5278
Opendoor
OPEN
$3.53B
| $2.56M | ﹤0.01% |
4,962,621
+1,117,306
| +29% | +$808K |
|
5279
PUT
Compass Minerals
CMP
$1.11B
| $2.56M | ﹤0.01% |
127,400
+82,400
| +183% | +$1.33M |
|
5280
German American Bancorp
GABC
$1.93B
| $2.56M | ﹤0.01% |
66,451
+24,440
| +58% | +$919K |
|
5281
GSK
GSK
$99.2B
| $2.56M | ﹤0.01% |
66,634
+57,270
| +612% | +$2.19M |
|
5282
Fidelity MSCI Communication Services Index ETF
FCOM
$1.8B
| $2.56M | ﹤0.01% |
39,443
+28,928
| +275% | +$1.69M |
|
5283
CALL
Sixth Street Specialty
TSLX
$1.78B
| $2.55M | ﹤0.01% |
107,300
+24,600
| +30% | +$540K |
|
|
MESO
5284
Mesoblast
MESO
$2.02B
| $2.55M | ﹤0.01% |
234,587
-26,354
| -10% | -$295K |
|
5285
Donnelley Financial Solutions
DFIN
$1.2B
| $2.55M | ﹤0.01% |
41,436
+5,541
| +15% | +$286K |
|
5286
WisdomTree
WT
$3.46B
| $2.55M | ﹤0.01% |
221,902
+45,652
| +26% | +$427K |
|
5287
PUT
Terex
TEX
$7.76B
| $2.55M | ﹤0.01% |
54,700
-12,200
| -18% | -$510K |
|
|
GTM
5288
ZoomInfo Technologies
GTM
$1.18B
| $2.55M | ﹤0.01% |
252,362
-316,925
| -56% | -$2.93M |
|
5289
Winmark
WINA
$1.26B
| $2.55M | ﹤0.01% |
6,756
+1,893
| +39% | +$732K |
|
|
SMCY
5290
YieldMax SMCI Option Income Strategy ETF
SMCY
$137M
| $2.55M | ﹤0.01% |
120,188
+84,172
| +234% | +$1.62M |
|
5291
PUT
Hecla Mining
HL
$12.3B
| $2.55M | ﹤0.01% |
425,400
-40,500
| -9% | -$223K |
|
5292
Ziff Davis
ZD
$1.9B
| $2.55M | ﹤0.01% |
84,129
+5,457
| +7% | +$175K |
|
5293
PUT
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.3B
| $2.55M | ﹤0.01% |
26,700
+7,000
| +36% | +$600K |
|
5294
PUT
Establishment Labs
ESTA
$2.37B
| $2.54M | ﹤0.01% |
59,500
+28,700
| +93% | +$1M |
|
5295
The Honest Company
HNST
$519M
| $2.54M | ﹤0.01% |
499,207
+189,314
| +61% | +$907K |
|
|
SOBO
5296
PUT
South Bow Corp
SOBO
$7.67B
| $2.54M | ﹤0.01% |
98,000
-14,000
| -13% | -$356K |
|
5297
WisdomTree US MidCap Fund
EZM
$963M
| $2.54M | ﹤0.01% |
+41,105
| New | +$2.42M |
|
5298
PUT
Vanguard Consumer Discretionary ETF
VCR
$6.11B
| $2.54M | ﹤0.01% |
7,000
-1,900
| -21% | -$645K |
|
5299
PUT
Perrigo
PRGO
$1.81B
| $2.54M | ﹤0.01% |
94,900
-165,000
| -63% | -$4.32M |
|
5300
Qiagen
QGEN
$8.87B
| $2.53M | ﹤0.01% |
52,736
-976,234
| -95% | -$42.5M |
|
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.