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 | |
|---|---|---|---|---|---|---|
651
Intuit
INTU
$98B
| $122M | 0.02% |
155,198
+51,803
| +50% | +$35.1M |
|
652
CALL
Emerson Electric
EMR
$91.6B
| $122M | 0.02% |
915,700
+323,100
| +55% | +$37.1M |
|
|
TLN
653
PUT
Talen Energy Corp
TLN
$17.2B
| $122M | 0.02% |
418,800
+172,300
| +70% | +$40.9M |
|
654
CALL
eBay
EBAY
$46.5B
| $122M | 0.02% |
1,633,800
+745,300
| +84% | +$52.8M |
|
655
CALL
NRG Energy
NRG
$25.2B
| $122M | 0.02% |
757,200
+301,800
| +66% | +$39.8M |
|
656
Thomson Reuters
TRI
$46B
| $121M | 0.02% |
594,459
+488,207
| +459% | +$93M |
|
657
PUT
Monolithic Power Systems
MPWR
$67B
| $121M | 0.02% |
165,800
+4,100
| +3% | +$2.61M |
|
658
CALL
Roku
ROKU
$22.9B
| $121M | 0.02% |
1,376,000
-265,900
| -16% | -$18.6M |
|
|
659
PUT
NRG Energy
NRG
$25.2B
| $121M | 0.02% |
752,100
+44,900
| +6% | +$5.92M |
|
660
PUT
3M
MMM
$94.2B
| $120M | 0.02% |
791,200
+100
| +0% | +$14.3K |
|
|
DOCU
661
PUT
DocuSign
DOCU
$12.2B
| $120M | 0.02% |
1,540,500
+596,100
| +63% | +$48.2M |
|
662
CALL
Chubb
CB
$133B
| $120M | 0.02% |
413,900
-33,800
| -8% | -$9.73M |
|
663
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.89B
| $120M | 0.02% |
5,105,400
-297,900
| -6% | -$4.65M |
|
664
iShares Core MSCI Total International Stock ETF
IXUS
$60.8B
| $120M | 0.02% |
+1,549,778
| New | +$113M |
|
665
CALL
Toast
TOST
$20.4B
| $120M | 0.02% |
2,702,400
-57,800
| -2% | -$2.27M |
|
666
CALL
Albemarle
ALB
$15.4B
| $119M | 0.02% |
1,904,300
+1,003,200
| +111% | +$59.3M |
|
667
CALL
EOG Resources
EOG
$74.2B
| $119M | 0.02% |
997,600
+129,900
| +15% | +$14.8M |
|
668
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.17B
| $119M | 0.02% |
3,040,300
+1,679,500
| +123% | +$64.8M |
|
669
CALL
iShares MSCI South Korea ETF
EWY
$27.6B
| $119M | 0.02% |
1,660,900
+1,238,800
| +293% | +$74.3M |
|
670
PUT
Astera Labs
ALAB
$56B
| $119M | 0.02% |
1,317,100
+415,700
| +46% | +$32.8M |
|
671
PUT
Simon Property Group
SPG
$71.7B
| $119M | 0.02% |
740,600
+365,400
| +97% | +$57.7M |
|
672
Lockheed Martin
LMT
$138B
| $119M | 0.02% |
256,736
+180,299
| +236% | +$84.4M |
|
673
AST SpaceMobile
ASTS
$21.4B
| $119M | 0.02% |
2,542,844
+1,318,304
| +108% | +$38.2M |
|
674
Boeing
BA
$182B
| $119M | 0.02% |
566,723
-713,358
| -56% | -$135M |
|
675
PUT
Analog Devices
ADI
$186B
| $118M | 0.02% |
496,700
+44,900
| +10% | +$9.35M |
|
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.