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 | |
|---|---|---|---|---|---|---|
576
PUT
Comcast
CMCSA
$92B
| $146M | 0.02% |
4,083,700
+1,592,200
| +64% | +$55.1M |
|
577
CALL
Valero Energy
VLO
$97.4B
| $145M | 0.02% |
1,079,300
-43,600
| -4% | -$5.43M |
|
578
Vistra
VST
$49B
| $145M | 0.02% |
747,468
-661,929
| -47% | -$97.9M |
|
|
B
579
Barrick Mining
B
$67.1B
| $145M | 0.02% |
6,946,133
+486,914
| +8% | +$9.52M |
|
580
PUT
Lennar Class A
LEN
$21B
| $144M | 0.02% |
1,306,300
-166,300
| -11% | -$18M |
|
581
PUT
Cigna
CI
$73.5B
| $143M | 0.02% |
433,800
+70,600
| +19% | +$22.8M |
|
582
CALL
CME Group
CME
$95.2B
| $143M | 0.02% |
519,300
-174,100
| -25% | -$47.3M |
|
583
CrowdStrike
CRWD
$228B
| $143M | 0.02% |
1,122,540
-5,044
| -0.4% | -$547K |
|
584
PUT
Kroger
KR
$35B
| $141M | 0.02% |
1,969,400
+537,100
| +37% | +$37.1M |
|
585
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$142M
| $141M | 0.02% |
2,927,900
+443,200
| +18% | +$26.1M |
|
586
PUT
Howmet Aerospace
HWM
$113B
| $141M | 0.02% |
755,200
+360,500
| +91% | +$55.5M |
|
587
PUT
Upstart Holdings
UPST
$2.94B
| $141M | 0.02% |
2,172,600
-698,100
| -24% | -$34.2M |
|
588
CALL
Shell
SHEL
$248B
| $140M | 0.02% |
1,993,500
+969,100
| +95% | +$65M |
|
589
PUT
Waste Management
WM
$89.9B
| $140M | 0.02% |
612,400
-45,200
| -7% | -$10.5M |
|
590
First Solar
FSLR
$24.1B
| $139M | 0.02% |
842,285
-112,132
| -12% | -$16.6M |
|
591
PUT
Vale
VALE
$58.9B
| $139M | 0.02% |
14,356,600
-875,100
| -6% | -$8.24M |
|
|
592
CALL
Upstart Holdings
UPST
$2.94B
| $139M | 0.02% |
2,154,600
-338,400
| -14% | -$16.6M |
|
593
PUT
Fortinet
FTNT
$120B
| $139M | 0.02% |
1,317,500
+158,700
| +14% | +$16M |
|
594
PUT
Linde
LIN
$220B
| $139M | 0.02% |
295,500
+86,300
| +41% | +$39.4M |
|
595
PUT
Abercrombie & Fitch
ANF
$4.87B
| $139M | 0.02% |
1,672,900
-527,500
| -24% | -$40M |
|
596
PUT
Seagate
STX
$207B
| $138M | 0.02% |
957,800
+517,700
| +118% | +$53.6M |
|
|
EA
597
PUT
DELISTED
Electronic Arts
EA
| $137M | 0.02% |
860,100
+247,000
| +40% | +$36.5M |
|
598
CALL
Quanta Services
PWR
$102B
| $137M | 0.02% |
363,000
+81,900
| +29% | +$26.3M |
|
599
Occidental Petroleum
OXY
$57.6B
| $137M | 0.02% |
3,250,552
+1,450,668
| +81% | +$60.6M |
|
600
Marriott International
MAR
$92.2B
| $136M | 0.02% |
496,449
+350,343
| +240% | +$87.9M |
|
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.