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 | |
|---|---|---|---|---|---|---|
801
PUT
Nu Holdings
NU
$67.3B
| $91.9M | 0.01% |
6,695,100
+1,748,600
| +35% | +$20.9M |
|
802
CALL
Whirlpool
WHR
$2.79B
| $91.8M | 0.01% |
904,700
+533,700
| +144% | +$44.4M |
|
|
VRNA
803
PUT
DELISTED
Verona Pharma
VRNA
| $91.6M | 0.01% |
968,800
+482,700
| +99% | +$35.7M |
|
804
CALL
American Electric Power
AEP
$68.3B
| $91.3M | 0.01% |
880,100
+375,600
| +74% | +$39.1M |
|
805
Las Vegas Sands
LVS
$29.6B
| $91.2M | 0.01% |
2,096,147
+1,196,681
| +133% | +$46.5M |
|
806
CALL
L3Harris
LHX
$53.7B
| $90.7M | 0.01% |
361,700
+76,300
| +27% | +$17.5M |
|
807
PUT
General Mills
GIS
$20.8B
| $90M | 0.01% |
1,736,900
+654,500
| +60% | +$36.1M |
|
808
PUT
Colgate-Palmolive
CL
$74.1B
| $89.8M | 0.01% |
987,900
-219,200
| -18% | -$20M |
|
809
PUT
Pinterest
PINS
$13.2B
| $89.8M | 0.01% |
2,504,000
-604,900
| -19% | -$18.4M |
|
810
iShares China Large-Cap ETF
FXI
$4.16B
| $89.5M | 0.01% |
2,435,237
-3,574,394
| -59% | -$125M |
|
811
PUT
Live Nation Entertainment
LYV
$43.3B
| $89.1M | 0.01% |
589,300
-216,600
| -27% | -$29.8M |
|
812
CALL
Jabil
JBL
$38.8B
| $89.1M | 0.01% |
408,700
+234,300
| +134% | +$38M |
|
813
CALL
Hershey
HSY
$37.4B
| $88.9M | 0.01% |
536,000
-326,100
| -38% | -$53.8M |
|
814
PUT
Veeva Systems
VEEV
$41B
| $88.8M | 0.01% |
308,500
+130,700
| +74% | +$32.4M |
|
815
CALL
Simon Property Group
SPG
$71.7B
| $88.7M | 0.01% |
551,600
+153,500
| +39% | +$24.3M |
|
816
PUT
Chewy
CHWY
$9.2B
| $88.6M | 0.01% |
2,079,000
+49,600
| +2% | +$1.98M |
|
817
Honeywell
HON
$74.2B
| $88.6M | 0.01% |
403,680
-22,957
| -5% | -$4.65M |
|
818
CALL
Biogen
BIIB
$31.1B
| $88.6M | 0.01% |
705,300
+142,000
| +25% | +$17.7M |
|
819
CALL
Realty Income
O
$59.6B
| $88.5M | 0.01% |
1,536,800
-92,500
| -6% | -$5.23M |
|
820
CALL
Darden Restaurants
DRI
$25.4B
| $88.4M | 0.01% |
405,600
+109,700
| +37% | +$22.8M |
|
821
PUT
Align Technology
ALGN
$12.5B
| $88.4M | 0.01% |
466,700
-8,900
| -2% | -$1.57M |
|
822
Shopify
SHOP
$204B
| $88M | 0.01% |
762,669
-125,167
| -14% | -$12.5M |
|
823
CALL
Equinix
EQIX
$106B
| $87.7M | 0.01% |
110,200
+14,100
| +15% | +$12M |
|
824
PUT
eBay
EBAY
$46.5B
| $87.5M | 0.01% |
1,175,000
+425,100
| +57% | +$30.1M |
|
825
FedEx
FDX
$80.3B
| $87.4M | 0.01% |
384,357
+311,313
| +426% | +$68.2M |
|
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.