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 | |
|---|---|---|---|---|---|---|
551
iShares MSCI Brazil ETF
EWZ
$8.56B
| $152M | 0.02% |
5,280,876
+1,580,402
| +43% | +$42.6M |
|
552
PUT
Danaher
DHR
$143B
| $152M | 0.02% |
770,800
-36,600
| -5% | -$7.1M |
|
553
CALL
Fortinet
FTNT
$120B
| $152M | 0.02% |
1,440,000
-123,600
| -8% | -$12.5M |
|
|
NVO
554
CALL
Novo Nordisk
NVO
$201B
| $152M | 0.02% |
2,205,400
+872,000
| +65% | +$59.3M |
|
555
GE Vernova
GEV
$282B
| $152M | 0.02% |
286,430
+12,795
| +5% | +$5.33M |
|
556
PUT
TJX Companies
TJX
$169B
| $151M | 0.02% |
1,225,800
+167,800
| +16% | +$21.3M |
|
557
Merck
MRK
$333B
| $150M | 0.02% |
1,899,857
+1,398,401
| +279% | +$111M |
|
558
Kimberly-Clark
KMB
$36.6B
| $150M | 0.02% |
1,164,828
+1,133,576
| +3,627% | +$154M |
|
559
PUT
Cheniere Energy
LNG
$55.6B
| $149M | 0.02% |
613,800
+273,400
| +80% | +$63.3M |
|
560
PUT
Hershey
HSY
$37.3B
| $149M | 0.02% |
899,200
+17,500
| +2% | +$2.88M |
|
561
CALL
Moderna
MRNA
$25.4B
| $149M | 0.02% |
5,406,700
+849,300
| +19% | +$22.4M |
|
562
PUT
Automatic Data Processing
ADP
$107B
| $149M | 0.02% |
482,800
+232,800
| +93% | +$71.5M |
|
563
Target
TGT
$70.5B
| $149M | 0.02% |
1,508,508
+412,653
| +38% | +$39.6M |
|
564
PUT
CME Group
CME
$95.2B
| $149M | 0.02% |
539,400
+208,200
| +63% | +$56.6M |
|
565
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.56B
| $148M | 0.02% |
3,376,400
-6,354,600
| -65% | -$269M |
|
|
NBIS
566
PUT
Nebius Group N.V.
NBIS
$68.1B
| $148M | 0.02% |
2,678,800
+99,800
| +4% | +$3.44M |
|
|
OKLO
567
PUT
Oklo
OKLO
$8.61B
| $148M | 0.02% |
2,637,200
+1,443,200
| +121% | +$55.7M |
|
568
PUT
FTAI Aviation
FTAI
$22.6B
| $147M | 0.02% |
1,281,600
+385,200
| +43% | +$43.1M |
|
569
PUT
CAVA Group
CAVA
$8.3B
| $147M | 0.02% |
1,750,000
+993,900
| +131% | +$84.8M |
|
570
CVS Health
CVS
$122B
| $147M | 0.02% |
2,133,119
-16,890
| -0.8% | -$1.11M |
|
571
Home Depot
HD
$341B
| $147M | 0.02% |
401,230
+96,797
| +32% | +$35M |
|
572
PUT
Rio Tinto
RIO
$160B
| $147M | 0.02% |
2,515,600
+294,300
| +13% | +$17.4M |
|
573
PUT
Antero Resources
AR
$11.3B
| $147M | 0.02% |
3,641,500
+2,622,300
| +257% | +$99.3M |
|
574
PUT
RH
RH
$3.42B
| $146M | 0.02% |
774,800
+154,600
| +25% | +$28.7M |
|
575
CALL
Dollar General
DG
$27.1B
| $146M | 0.02% |
1,275,400
-889,500
| -41% | -$88.3M |
|
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.