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 | |
|---|---|---|---|---|---|---|
5451
Invesco Large Cap Growth ETF
PWB
$2.48B
| $2.34M | ﹤0.01% |
19,954
+9,246
| +86% | +$967K |
|
|
DEA
5452
PUT
Easterly Government Properties
DEA
$1.17B
| $2.34M | ﹤0.01% |
105,500
+63,580
| +152% | +$1.39M |
|
|
PPLI
5453
CALL
People Inc
PPLI
$3.01B
| $2.34M | ﹤0.01% |
62,700
-186,464
| -75% | -$6.74M |
|
5454
Inspire Medical Systems
INSP
$1.65B
| $2.34M | ﹤0.01% |
18,029
+9,522
| +112% | +$1.38M |
|
5455
Pegasystems
PEGA
$5.31B
| $2.34M | ﹤0.01% |
43,216
-561,430
| -93% | -$25.4M |
|
5456
CorMedix
CRMD
$588M
| $2.34M | ﹤0.01% |
189,851
-132,499
| -41% | -$1.46M |
|
5457
CALL
FS KKR Capital
FSK
$3.42B
| $2.34M | ﹤0.01% |
112,700
-29,000
| -20% | -$591K |
|
5458
VanEck BDC Income ETF
BIZD
$1.71B
| $2.34M | ﹤0.01% |
143,563
+130,875
| +1,031% | +$2.05M |
|
5459
CALL
Cerence
CRNC
$407M
| $2.34M | ﹤0.01% |
228,800
+51,200
| +29% | +$451K |
|
5460
PUT
Clearway Energy Class C
CWEN
$7.01B
| $2.34M | ﹤0.01% |
73,000
+7,300
| +11% | +$218K |
|
5461
CALL
The Bancorp
TBBK
$2.84B
| $2.34M | ﹤0.01% |
41,000
+3,800
| +10% | +$192K |
|
5462
Photronics
PLAB
$1.96B
| $2.34M | ﹤0.01% |
124,017
+19,669
| +19% | +$368K |
|
5463
Vanguard Consumer Discretionary ETF
VCR
$6.11B
| $2.33M | ﹤0.01% |
6,443
-10,853
| -63% | -$3.68M |
|
5464
NETSCOUT
NTCT
$2.88B
| $2.33M | ﹤0.01% |
94,063
-6,951
| -7% | -$155K |
|
5465
PUT
Ingredion
INGR
$6.63B
| $2.33M | ﹤0.01% |
17,200
+3,200
| +23% | +$432K |
|
5466
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$77.4M
| $2.33M | ﹤0.01% |
9,450
-6,000
| -39% | -$1.73M |
|
5467
KraneShares 100% KWEB Defined Outcome January 2026 ETF
KPRO
$3.36M
| $2.33M | ﹤0.01% |
81,217
-561
| -0.7% | -$15.8K |
|
5468
CALL
Prothena Corp
PRTA
$455M
| $2.33M | ﹤0.01% |
383,900
+353,200
| +1,150% | +$2.65M |
|
5469
PUT
Extra Space Storage
EXR
$31.2B
| $2.33M | ﹤0.01% |
15,800
-600
| -4% | -$87.3K |
|
5470
CALL
Atlanta Braves Holdings Series A
BATRA
$3.68B
| $2.33M | ﹤0.01% |
47,300
+2,200
| +5% | +$97.3K |
|
5471
PUT
ProShares UltraPro Short 20+ Year Treasury
TTT
$17.1M
| $2.33M | ﹤0.01% |
+32,100
| New | +$2.44M |
|
5472
First Trust Utilities AlphaDEX Fund
FXU
$835M
| $2.33M | ﹤0.01% |
54,876
-4,035,551
| -99% | -$168M |
|
5473
PUT
T-Rex 2X Long NVIDIA Daily Target ETF
NVDX
$460M
| $2.33M | ﹤0.01% |
159,500
-393,000
| -71% | -$3.82M |
|
5474
Carter's
CRI
$1.42B
| $2.33M | ﹤0.01% |
77,181
-331,906
| -81% | -$11.2M |
|
|
VNET
5475
PUT
VNET Group
VNET
$2.16B
| $2.33M | ﹤0.01% |
337,000
+127,000
| +60% | +$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.