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 | |
|---|---|---|---|---|---|---|
601
CALL
Las Vegas Sands
LVS
$29.6B
| $136M | 0.02% |
3,115,500
+846,400
| +37% | +$32.9M |
|
602
CALL
WIX.com
WIX
$3.35B
| $135M | 0.02% |
854,600
-331,600
| -28% | -$53.4M |
|
603
CALL
Twilio
TWLO
$38.3B
| $135M | 0.02% |
1,084,300
-241,000
| -18% | -$25.6M |
|
604
CALL
Veeva Systems
VEEV
$41B
| $135M | 0.02% |
467,500
+132,300
| +39% | +$32.8M |
|
605
ExxonMobil
XOM
$652B
| $135M | 0.02% |
1,248,408
+671,233
| +116% | +$71.8M |
|
606
Visa
V
$682B
| $134M | 0.02% |
377,373
+97,522
| +35% | +$34M |
|
607
CALL
General Dynamics
GD
$106B
| $134M | 0.02% |
459,000
-185,400
| -29% | -$51M |
|
608
CALL
SAP
SAP
$242B
| $133M | 0.02% |
438,500
+297,600
| +211% | +$85.3M |
|
609
PUT
Cadence Design Systems
CDNS
$89.2B
| $133M | 0.02% |
431,200
+64,200
| +17% | +$18.7M |
|
610
PUT
Okta
OKTA
$26.9B
| $133M | 0.02% |
1,327,300
+99,000
| +8% | +$10.6M |
|
611
PUT
Elevance Health
ELV
$86.4B
| $132M | 0.02% |
340,400
+51,600
| +18% | +$20.8M |
|
612
PUT
Vanguard Information Technology ETF
VGT
$151B
| $132M | 0.02% |
1,596,000
-27,200
| -2% | -$1.98M |
|
613
PUT
e.l.f. Beauty
ELF
$5.43B
| $132M | 0.02% |
1,062,100
+3,800
| +0.4% | +$324K |
|
614
PUT
Zoom
ZM
$32.2B
| $132M | 0.02% |
1,692,500
+429,200
| +34% | +$33.2M |
|
615
ARK Innovation ETF
ARKK
$6.54B
| $132M | 0.02% |
1,874,705
+105,999
| +6% | +$5.84M |
|
616
CALL
American Tower
AMT
$81.2B
| $132M | 0.02% |
596,000
-141,200
| -19% | -$30.5M |
|
617
CALL
SLB Ltd
SLB
$77.3B
| $132M | 0.02% |
3,896,600
+467,000
| +14% | +$16.2M |
|
618
CALL
Diamondback Energy
FANG
$55.9B
| $131M | 0.02% |
956,400
+588,400
| +160% | +$81.5M |
|
619
PUT
Atlassian
TEAM
$42.1B
| $131M | 0.02% |
645,900
+151,100
| +31% | +$31.5M |
|
620
Walmart Inc
WMT
$921B
| $131M | 0.02% |
1,338,752
+401,469
| +43% | +$38.3M |
|
621
CALL
Dave Inc
DAVE
$4.26B
| $131M | 0.02% |
487,500
+317,300
| +186% | +$50M |
|
622
PUT
Biogen
BIIB
$31.1B
| $130M | 0.02% |
1,034,100
-96,300
| -9% | -$12M |
|
623
PUT
Devon Energy
DVN
$48.8B
| $130M | 0.02% |
4,075,700
-122,900
| -3% | -$3.91M |
|
|
624
CALL
e.l.f. Beauty
ELF
$5.43B
| $130M | 0.02% |
1,041,100
-61,700
| -6% | -$5.27M |
|
625
PUT
Domino's
DPZ
$11.6B
| $129M | 0.02% |
286,500
-147,100
| -34% | -$69.1M |
|
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.