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 | |
|---|---|---|---|---|---|---|
5326
CALL
i3 Verticals
IIIV
$294M
| $2.51M | ﹤0.01% |
91,200
+55,700
| +157% | +$1.4M |
|
5327
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.2B
| $2.51M | ﹤0.01% |
24,924
-66,910
| -73% | -$6.71M |
|
5328
PUT
News Corp Class A
NWSA
$15.8B
| $2.51M | ﹤0.01% |
84,300
+16,600
| +25% | +$456K |
|
5329
United States 12 Month Oil Fund,
USL
$45.7M
| $2.5M | ﹤0.01% |
71,324
+3,232
| +5% | +$111K |
|
5330
CALL
ProShares UltraShort Real Estate
SRS
$15.6M
| $2.5M | ﹤0.01% |
52,500
-5,100
| -9% | -$253K |
|
5331
CALL
Trevi Therapeutics
TRVI
$2.63B
| $2.5M | ﹤0.01% |
457,300
+302,500
| +195% | +$1.88M |
|
5332
Standex International
SXI
$4.01B
| $2.5M | ﹤0.01% |
15,981
+557
| +4% | +$83.5K |
|
5333
PUT
ProShares UltraShort Russell2000
TWM
$40.4M
| $2.5M | ﹤0.01% |
57,800
-7,300
| -11% | -$372K |
|
|
VBTX
5334
DELISTED
Veritex Holdings
VBTX
| $2.5M | ﹤0.01% |
95,672
+1,125
| +1% | +$26.8K |
|
5335
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$807M
| $2.5M | ﹤0.01% |
60,397
+28,171
| +87% | +$1.15M |
|
|
MRUS
5336
DELISTED
Merus
MRUS
| $2.49M | ﹤0.01% |
47,405
+28,484
| +151% | +$1.34M |
|
5337
CALL
Xenon Pharmaceuticals
XENE
$6.03B
| $2.49M | ﹤0.01% |
79,600
-62,700
| -44% | -$2.05M |
|
5338
PUT
F&G Annuities & Life
FG
$3.59B
| $2.49M | ﹤0.01% |
+77,900
| New | +$2.59M |
|
5339
Portillo's
PTLO
$374M
| $2.49M | ﹤0.01% |
213,325
+41,150
| +24% | +$475K |
|
5340
National Healthcare
NHC
$3.5B
| $2.49M | ﹤0.01% |
23,250
+576
| +3% | +$57.6K |
|
5341
iShares Morningstar Small-Cap Value ETF
ISCV
$712M
| $2.49M | ﹤0.01% |
+40,516
| New | +$2.36M |
|
5342
PUT
Cincinnati Financial
CINF
$26.6B
| $2.49M | ﹤0.01% |
16,700
-55,600
| -77% | -$7.96M |
|
5343
Lincoln Educational Services
LINC
$950M
| $2.48M | ﹤0.01% |
107,776
+56,159
| +109% | +$1.13M |
|
|
TBCH
5344
PUT
Turtle Beach Corp
TBCH
$228M
| $2.48M | ﹤0.01% |
179,600
+111,400
| +163% | +$1.33M |
|
|
MRC
5345
DELISTED
MRC Global
MRC
| $2.48M | ﹤0.01% |
181,165
+77,155
| +74% | +$930K |
|
5346
PUT
ProShares UltraShort Bloomberg Crude Oil
SCO
$701M
| $2.48M | ﹤0.01% |
34,350
+875
| +3% | +$68.4K |
|
5347
Sylvamo
SLVM
$1.53B
| $2.48M | ﹤0.01% |
49,430
-2,803
| -5% | -$158K |
|
5348
PUT
CNX Resources
CNX
$5.28B
| $2.48M | ﹤0.01% |
73,500
+5,800
| +9% | +$183K |
|
5349
Trupanion
TRUP
$1.34B
| $2.47M | ﹤0.01% |
44,699
+5,142
| +13% | +$228K |
|
5350
Lattice Semiconductor
LSCC
$18.5B
| $2.47M | ﹤0.01% |
50,479
-97,739
| -66% | -$4.68M |
|
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.