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 | |
|---|---|---|---|---|---|---|
|
FLG
851
CALL
Flagstar Bank National Association
FLG
$5.92B
| $84.4M | 0.01% |
7,961,100
+625,500
| +9% | +$7.15M |
|
852
Thermo Fisher Scientific
TMO
$220B
| $84.3M | 0.01% |
207,794
+158,673
| +323% | +$66.3M |
|
853
Humana
HUM
$46.2B
| $84.2M | 0.01% |
344,527
-117,944
| -26% | -$29.4M |
|
854
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.5B
| $83.9M | 0.01% |
772,206
+674,568
| +691% | +$69M |
|
|
EXE
855
PUT
Expand Energy Corp
EXE
$21.9B
| $83.6M | 0.01% |
714,900
-144,400
| -17% | -$16.1M |
|
856
PUT
Kenvue
KVUE
$36.9B
| $83.5M | 0.01% |
3,989,300
+2,697,000
| +209% | +$61.3M |
|
857
CALL
EQT Corp
EQT
$33.8B
| $83.4M | 0.01% |
1,430,500
+137,300
| +11% | +$7.41M |
|
858
Iris Energy
IREN
$16B
| $83.4M | 0.01% |
5,723,393
-388,136
| -6% | -$3.15M |
|
859
IBM
IBM
$223B
| $83.3M | 0.01% |
282,715
-10,040
| -3% | -$2.59M |
|
860
CALL
Credo Technology Group
CRDO
$49.6B
| $83.1M | 0.01% |
897,000
+525,800
| +142% | +$30.7M |
|
861
Super Micro Computer
SMCI
$25.3B
| $83M | 0.01% |
1,694,415
-1,191,807
| -41% | -$45.9M |
|
862
Vale
VALE
$58.7B
| $83M | 0.01% |
8,547,551
-662,093
| -7% | -$6.24M |
|
863
PUT
Southwest Airlines
LUV
$22B
| $83M | 0.01% |
2,557,200
-1,711,200
| -40% | -$51.5M |
|
864
Bristol-Myers Squibb
BMY
$132B
| $82.8M | 0.01% |
1,787,982
+1,368,125
| +326% | +$67.2M |
|
865
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$414M
| $82.3M | 0.01% |
948,100
+352,100
| +59% | +$26M |
|
866
CALL
Aflac
AFL
$60.7B
| $82.1M | 0.01% |
778,400
-240,700
| -24% | -$25.3M |
|
867
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.5B
| $82M | 0.01% |
2,445,100
+321,400
| +15% | +$9.02M |
|
868
CALL
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $81.9M | 0.01% |
5,597,200
+825,800
| +17% | +$9.72M |
|
869
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.49B
| $81.8M | 0.01% |
6,929,338
+4,850,794
| +233% | +$56.2M |
|
870
Upstart Holdings
UPST
$3.01B
| $81.8M | 0.01% |
1,264,982
+277,344
| +28% | +$13.6M |
|
871
PUT
Riot Platforms
RIOT
$7.21B
| $81M | 0.01% |
7,164,000
+1,248,200
| +21% | +$10.6M |
|
872
CALL
Coherent
COHR
$64B
| $80.8M | 0.01% |
905,800
+341,200
| +60% | +$24.6M |
|
873
PUT
IonQ
IONQ
$18.2B
| $80.6M | 0.01% |
1,875,100
+384,600
| +26% | +$12.9M |
|
874
CALL
Northern Trust
NTRS
$34.8B
| $80.5M | 0.01% |
635,000
+604,700
| +1,996% | +$61.8M |
|
875
CALL
Amphenol
APH
$204B
| $80.5M | 0.01% |
815,100
+399,100
| +96% | +$32.6M |
|
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.