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 | |
|---|---|---|---|---|---|---|
726
Welltower
WELL
$169B
| $106M | 0.01% |
689,880
+521,746
| +310% | +$78M |
|
727
CALL
Cardinal Health
CAH
$53.8B
| $106M | 0.01% |
630,500
-76,700
| -11% | -$11.4M |
|
728
CALL
Illumina
ILMN
$29.1B
| $106M | 0.01% |
1,108,500
+744,000
| +204% | +$60.4M |
|
729
CALL
Flutter Entertainment
FLUT
$17.1B
| $106M | 0.01% |
369,800
-610,300
| -62% | -$150M |
|
730
Johnson & Johnson
JNJ
$632B
| $106M | 0.01% |
691,475
+286,929
| +71% | +$44.1M |
|
731
Kenvue
KVUE
$36.9B
| $105M | 0.01% |
5,039,430
+4,595,854
| +1,036% | +$105M |
|
732
Cisco
CSCO
$447B
| $105M | 0.01% |
1,508,968
+958,103
| +174% | +$58.9M |
|
733
PUT
Marathon Petroleum
MPC
$100B
| $105M | 0.01% |
629,400
+110,700
| +21% | +$16.6M |
|
734
CALL
Tapestry
TPR
$25.9B
| $104M | 0.01% |
1,188,000
-297,800
| -20% | -$22.6M |
|
735
Oracle
ORCL
$450B
| $104M | 0.01% |
474,129
-100,272
| -17% | -$16.2M |
|
736
PUT
2x Bitcoin ETF
BITX
$862M
| $104M | 0.01% |
1,917,700
-42,900
| -2% | -$2.06M |
|
737
ASML
ASML
$710B
| $103M | 0.01% |
128,421
-199,030
| -61% | -$143M |
|
738
PUT
Etsy
ETSY
$7.4B
| $103M | 0.01% |
2,051,200
+948,900
| +86% | +$47.2M |
|
739
Dollar General
DG
$26.9B
| $103M | 0.01% |
897,296
+694,905
| +343% | +$69M |
|
740
PUT
Prudential Financial
PRU
$43B
| $103M | 0.01% |
955,200
+207,800
| +28% | +$21.5M |
|
741
CALL
NuScale Power
SMR
$4.04B
| $103M | 0.01% |
2,594,100
+1,081,500
| +71% | +$27.1M |
|
742
PUT
BP
BP
$110B
| $103M | 0.01% |
3,425,000
+570,500
| +20% | +$16.7M |
|
743
Cigna
CI
$73.5B
| $102M | 0.01% |
309,939
-222,615
| -42% | -$71.8M |
|
744
CALL
Enterprise Products Partners
EPD
$82.1B
| $102M | 0.01% |
3,302,600
-308,400
| -9% | -$9.61M |
|
|
SWTX
745
CALL
DELISTED
SpringWorks Therapeutics
SWTX
| $102M | 0.01% |
2,173,900
+570,400
| +36% | +$25.4M |
|
746
T-Mobile US
TMUS
$197B
| $101M | 0.01% |
425,837
+69,777
| +20% | +$17M |
|
747
CALL
Southern Company
SO
$107B
| $101M | 0.01% |
1,103,400
+76,800
| +7% | +$6.9M |
|
748
CALL
NXP Semiconductors
NXPI
$58.5B
| $101M | 0.01% |
463,000
+46,300
| +11% | +$9.04M |
|
749
CALL
C3.ai
AI
$1.58B
| $101M | 0.01% |
4,103,000
-1,818,500
| -31% | -$41.6M |
|
750
CALL
Insmed
INSM
$27.6B
| $101M | 0.01% |
1,001,600
+665,600
| +198% | +$50.9M |
|
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.