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 | |
|---|---|---|---|---|---|---|
676
CALL
2x Bitcoin ETF
BITX
$862M
| $118M | 0.02% |
2,185,800
+388,400
| +22% | +$18.7M |
|
677
CALL
Kenvue
KVUE
$36.9B
| $118M | 0.02% |
5,637,400
+2,919,900
| +107% | +$66.4M |
|
678
PUT
Vanguard S&P 500 ETF
VOO
$1.04T
| $118M | 0.02% |
207,100
-11,900
| -5% | -$6.25M |
|
679
Pinduoduo
PDD
$120B
| $117M | 0.02% |
1,120,760
-75,452
| -6% | -$7.92M |
|
|
EXE
680
CALL
Expand Energy Corp
EXE
$21.9B
| $117M | 0.02% |
1,001,600
-700
| -0.1% | -$78.1K |
|
681
CALL
Global X Uranium ETF
URA
$6.31B
| $117M | 0.02% |
3,017,500
-109,200
| -3% | -$3.17M |
|
682
CALL
Okta
OKTA
$26.9B
| $117M | 0.02% |
1,167,100
-529,300
| -31% | -$56.5M |
|
683
CALL
Riot Platforms
RIOT
$7.21B
| $117M | 0.02% |
10,324,300
+2,694,300
| +35% | +$22.9M |
|
684
GameStop
GME
$8.33B
| $116M | 0.02% |
4,764,534
-1,981,075
| -29% | -$53.1M |
|
685
CALL
RH
RH
$3.4B
| $116M | 0.02% |
614,600
-47,200
| -7% | -$8.77M |
|
686
Intel
INTC
$527B
| $116M | 0.02% |
5,179,679
-6,533,861
| -56% | -$135M |
|
687
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $116M | 0.02% |
1,940,700
+355,400
| +22% | +$20.3M |
|
688
CALL
Wayfair
W
$13.9B
| $116M | 0.02% |
2,259,600
-8,300
| -0.4% | -$310K |
|
689
PUT
Microchip Technology
MCHP
$42.2B
| $115M | 0.02% |
1,632,300
+308,300
| +23% | +$16.9M |
|
690
Wells Fargo
WFC
$266B
| $115M | 0.02% |
1,433,431
-283,491
| -17% | -$20.4M |
|
691
PUT
Energy Transfer Partners
ET
$71.5B
| $115M | 0.02% |
6,331,600
-1,349,700
| -18% | -$23.6M |
|
692
Baidu
BIDU
$35.5B
| $115M | 0.02% |
1,337,221
-261,311
| -16% | -$22.5M |
|
693
PUT
D.R. Horton
DHI
$41.9B
| $114M | 0.02% |
887,100
+210,100
| +31% | +$25.9M |
|
694
CALL
Rio Tinto
RIO
$160B
| $114M | 0.02% |
1,952,900
+217,200
| +13% | +$12.8M |
|
695
CALL
Phillips 66
PSX
$92.8B
| $114M | 0.02% |
954,300
+297,900
| +45% | +$33.4M |
|
696
CALL
Progressive
PGR
$121B
| $114M | 0.02% |
425,900
-82,400
| -16% | -$22.6M |
|
697
PUT
ON Semiconductor
ON
$31.8B
| $113M | 0.02% |
2,164,700
+116,400
| +6% | +$5.06M |
|
698
Procter & Gamble
PG
$335B
| $113M | 0.02% |
710,387
+176,714
| +33% | +$28.8M |
|
699
PUT
NuScale Power
SMR
$4.04B
| $113M | 0.02% |
2,846,800
+1,712,500
| +151% | +$43M |
|
700
Mastercard
MA
$497B
| $112M | 0.02% |
199,578
+49,675
| +33% | +$27.5M |
|
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.