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 | |
|---|---|---|---|---|---|---|
8301
CALL
TFS Financial
TFSL
$4.91B
| $717K | ﹤0.01% |
55,400
-43,200
| -44% | -$556K |
|
|
BIDD
8302
iShares International Dividend Active ETF
BIDD
$426M
| $717K | ﹤0.01% |
26,270
-75,878
| -74% | -$2M |
|
8303
PUT
Marqeta
MQ
$1.63B
| $717K | ﹤0.01% |
30,725
-35,225
| -53% | -$668K |
|
8304
PUT
FirstCash
FCFS
$9.41B
| $716K | ﹤0.01% |
5,300
+2,600
| +96% | +$333K |
|
8305
Hashdex Commodities Trust
DEFI
$8.69M
| $716K | ﹤0.01% |
5,878
+1,685
| +40% | +$188K |
|
8306
CALL
Sabra Healthcare REIT
SBRA
$5.17B
| $715K | ﹤0.01% |
38,800
-32,200
| -45% | -$571K |
|
8307
Flotek Industries
FTK
$1.11B
| $715K | ﹤0.01% |
48,438
-975,872
| -95% | -$11.2M |
|
8308
Lexicon Pharmaceuticals
LXRX
$1.06B
| $715K | ﹤0.01% |
755,652
-195,483
| -21% | -$127K |
|
8309
PUT
Pampa Energía
PAM
$4.25B
| $715K | ﹤0.01% |
10,300
-8,600
| -46% | -$645K |
|
|
ADAM
8310
CALL
Adamas Trust
ADAM
$909M
| $714K | ﹤0.01% |
106,600
+39,400
| +59% | +$250K |
|
|
AL
8311
DELISTED
Air Lease Corp
AL
| $714K | ﹤0.01% |
12,209
-29,530
| -71% | -$1.54M |
|
8312
iShares MSCI India Small-Cap ETF
SMIN
$769M
| $714K | ﹤0.01% |
9,250
-9,924
| -52% | -$714K |
|
8313
CALL
Itaú Unibanco
ITUB
$80.9B
| $714K | ﹤0.01% |
108,294
-621,636
| -85% | -$3.79M |
|
8314
Xtrackers International Real Estate ETF
HAUZ
$1.06B
| $714K | ﹤0.01% |
31,200
-32,817
| -51% | -$712K |
|
8315
Satellogic
SATL
$919M
| $713K | ﹤0.01% |
197,079
+177,747
| +919% | +$670K |
|
8316
CALL
First American
FAF
$7.49B
| $712K | ﹤0.01% |
11,600
+100
| +0.9% | +$5.94K |
|
8317
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$894M
| $712K | ﹤0.01% |
16,473
-20,737
| -56% | -$875K |
|
|
AHRT
8318
AH Realty Trust
AHRT
$499M
| $712K | ﹤0.01% |
103,616
+5,975
| +6% | +$41.5K |
|
|
RUSC
8319
Russell Investments U.S. Small Cap Equity ETF
RUSC
$82.4M
| $711K | ﹤0.01% |
+25,789
| New | +$690K |
|
8320
CALL
Sundial Growers
SNDL
$311M
| $711K | ﹤0.01% |
587,700
+117,200
| +25% | +$156K |
|
8321
Central Garden & Pet Co
CENT
$2.7B
| $711K | ﹤0.01% |
20,211
-17,484
| -46% | -$618K |
|
8322
Hartford Schroders Tax-Aware Bond ETF
HTAB
$289M
| $711K | ﹤0.01% |
37,996
+24,832
| +189% | +$466K |
|
8323
Amylyx Pharmaceuticals
AMLX
$2.42B
| $711K | ﹤0.01% |
110,846
-1,360,079
| -92% | -$6.62M |
|
8324
PUT
Oaktree Specialty Lending
OCSL
$1.13B
| $710K | ﹤0.01% |
52,000
+6,700
| +15% | +$94.5K |
|
8325
Fidelity Dividend ETF for Rising Rates
FDRR
$766M
| $710K | ﹤0.01% |
+13,093
| New | +$657K |
|
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.