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 | |
|---|---|---|---|---|---|---|
8276
Corporacion America
CAAP
$6.26B
| $725K | ﹤0.01% |
35,809
-71,971
| -67% | -$1.42M |
|
8277
N-able
NABL
$610M
| $725K | ﹤0.01% |
89,541
-59,658
| -40% | -$445K |
|
|
QBIG
8278
Invesco Top QQQ ETF
QBIG
$35M
| $725K | ﹤0.01% |
22,182
+9,281
| +72% | +$266K |
|
|
CBOJ
8279
Calamos Bitcoin Structured Alt Protection ETF - January
CBOJ
$19M
| $724K | ﹤0.01% |
28,296
-5,258
| -16% | -$133K |
|
8280
Larimar Therapeutics
LRMR
$454M
| $723K | ﹤0.01% |
250,295
+88,393
| +55% | +$205K |
|
|
CTO
8281
PUT
CTO Realty Growth
CTO
$819M
| $723K | ﹤0.01% |
41,900
+13,700
| +49% | +$248K |
|
|
NA
8282
PUT
Nano Labs
NA
$44.6M
| $723K | ﹤0.01% |
+77,900
| New | +$473K |
|
8283
PUT
Brown-Forman Class A
BF.A
$12.9B
| $722K | ﹤0.01% |
26,300
+16,200
| +160% | +$519K |
|
8284
CALL
Autohome
ATHM
$2.62B
| $722K | ﹤0.01% |
28,000
-13,200
| -32% | -$342K |
|
8285
VanEck High Yield Muni ETF
HYD
$4.36B
| $722K | ﹤0.01% |
+14,375
| New | +$718K |
|
8286
CALL
Descartes Systems
DSGX
$6.43B
| $722K | ﹤0.01% |
7,100
-8,100
| -53% | -$854K |
|
|
ADAM
8287
Adamas Trust
ADAM
$909M
| $721K | ﹤0.01% |
107,668
-39,562
| -27% | -$251K |
|
8288
ProShares Trust Short MSCI EAFE
EFZ
$10M
| $721K | ﹤0.01% |
26,169
+18,964
| +263% | +$560K |
|
8289
MakeMyTrip
MMYT
$5.66B
| $721K | ﹤0.01% |
7,353
-2,391
| -25% | -$241K |
|
8290
PUT
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.9B
| $721K | ﹤0.01% |
14,700
-96,500
| -87% | -$4.71M |
|
8291
PUT
EnerSys
ENS
$7.3B
| $720K | ﹤0.01% |
8,400
+2,300
| +38% | +$201K |
|
8292
PUT
DoubleVerify
DV
$2.04B
| $720K | ﹤0.01% |
48,100
-5,800
| -11% | -$79.5K |
|
8293
CALL
Arcosa
ACA
$7.14B
| $720K | ﹤0.01% |
8,300
-900
| -10% | -$75.3K |
|
8294
Cytek Biosciences
CTKB
$612M
| $719K | ﹤0.01% |
211,600
-3,688
| -2% | -$12.3K |
|
|
OPTU
8295
Optimum Communications Inc
OPTU
$238M
| $719K | ﹤0.01% |
336,184
-40,891
| -11% | -$95.9K |
|
|
WDTE
8296
Defiance S&P 500 Weekly Distribution ETF
WDTE
$67.3M
| $719K | ﹤0.01% |
21,010
+4,394
| +26% | +$146K |
|
8297
Hyster-Yale Materials Handling
HY
$619M
| $719K | ﹤0.01% |
18,081
+1,476
| +9% | +$58.8K |
|
|
QLTI
8298
GMO International Quality ETF
QLTI
$296M
| $719K | ﹤0.01% |
27,949
-8,603
| -24% | -$212K |
|
8299
CALL
EXL Service
EXLS
$5.23B
| $718K | ﹤0.01% |
16,400
-15,700
| -49% | -$717K |
|
8300
PUT
nVent Electric
NVT
$28.6B
| $718K | ﹤0.01% |
9,800
-6,000
| -38% | -$369K |
|
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.