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 | |
|---|---|---|---|---|---|---|
5726
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$5.12B
| $2.05M | ﹤0.01% |
25,675
+4,991
| +24% | +$379K |
|
5727
UGI
UGI
$7.49B
| $2.05M | ﹤0.01% |
56,226
-36,897
| -40% | -$1.27M |
|
|
IMRA
5728
DELISTED
Bitwise MARA Option Income Strategy ETF
IMRA
| $2.05M | ﹤0.01% |
+42,654
| New | +$2.21M |
|
5729
Invesco S&P 500 Downside Hedged ETF
PHDG
$63.1M
| $2.05M | ﹤0.01% |
58,007
+16,576
| +40% | +$568K |
|
5730
Arlo Technologies
ARLO
$1.5B
| $2.05M | ﹤0.01% |
120,668
-73,892
| -38% | -$945K |
|
5731
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$217M
| $2.05M | ﹤0.01% |
51,665
-45,962
| -47% | -$1.73M |
|
5732
PUT
Yelp
YELP
$1.26B
| $2.05M | ﹤0.01% |
59,700
-1,300
| -2% | -$47K |
|
5733
FlexShares High Yield Value-Scored Bond Index Fund
HYGV
$1.09B
| $2.05M | ﹤0.01% |
+49,849
| New | +$2M |
|
5734
CALL
HEICO Corp Class A
HEI.A
$38.1B
| $2.04M | ﹤0.01% |
7,900
-8,600
| -52% | -$1.88M |
|
5735
CALL
Federal Signal
FSS
$7.71B
| $2.04M | ﹤0.01% |
19,200
+11,400
| +146% | +$1.02M |
|
5736
PUT
SLM Corp
SLM
$5.15B
| $2.04M | ﹤0.01% |
62,300
-16,200
| -21% | -$496K |
|
|
GPGI
5737
PUT
GPGI Inc
GPGI
$3.71B
| $2.04M | ﹤0.01% |
144,800
+69,300
| +92% | +$849K |
|
5738
CALL
NOV
NOV
$7.6B
| $2.04M | ﹤0.01% |
164,100
-66,600
| -29% | -$839K |
|
5739
AbCellera Biologics
ABCL
$3.52B
| $2.04M | ﹤0.01% |
594,288
+345,643
| +139% | +$860K |
|
5740
CALL
BlackLine
BL
$1.72B
| $2.04M | ﹤0.01% |
36,000
+24,300
| +208% | +$1.26M |
|
5741
CALL
Calix
CALX
$2.46B
| $2.04M | ﹤0.01% |
38,300
-117,900
| -75% | -$5.04M |
|
|
FGSI
5742
FT Vest Growth Strength & Target Income ETF
FGSI
$2.15M
| $2.04M | ﹤0.01% |
+99,953
| New | +$2.02M |
|
5743
iShares Core 80/20 Aggressive Allocation ETF
AOA
$3.31B
| $2.03M | ﹤0.01% |
24,385
+17,793
| +270% | +$1.39M |
|
5744
James Hardie Industries
JHX
$17.7B
| $2.03M | ﹤0.01% |
75,538
+7,642
| +11% | +$185K |
|
5745
iShares ESG Aware MSCI USA Small-Cap ETF
ESML
$2.97B
| $2.03M | ﹤0.01% |
49,083
-14,301
| -23% | -$554K |
|
|
PPTA
5746
CALL
Perpetua Resources
PPTA
$3.09B
| $2.03M | ﹤0.01% |
167,100
+59,800
| +56% | +$805K |
|
|
ARI
5747
Apollo Commercial Real Estate
ARI
$880M
| $2.03M | ﹤0.01% |
209,548
+7,102
| +4% | +$66.9K |
|
5748
State Street DoubleLine Short Duration Total Return Tactical ETF
STOT
$516M
| $2.03M | ﹤0.01% |
42,836
+37,836
| +757% | +$1.78M |
|
5749
CALL
Kingstone Companies
KINS
$288M
| $2.03M | ﹤0.01% |
131,500
-21,500
| -14% | -$357K |
|
5750
Rogers Corp
ROG
$2.6B
| $2.02M | ﹤0.01% |
29,553
-2
| -0% | -$129 |
|
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.