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 | |
|---|---|---|---|---|---|---|
876
PUT
Centrus Energy
LEU
$3.83B
| $80.3M | 0.01% |
438,200
+185,000
| +73% | +$19.8M |
|
877
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $80.2M | 0.01% |
738,600
-46,700
| -6% | -$4.6M |
|
878
PUT
DexCom
DXCM
$34.5B
| $80M | 0.01% |
917,000
+456,400
| +99% | +$35.8M |
|
879
Lam Research
LRCX
$422B
| $80M | 0.01% |
822,170
-576,193
| -41% | -$45.7M |
|
880
PUT
Celestica
CLS
$43.8B
| $80M | 0.01% |
512,200
-112,100
| -18% | -$11.9M |
|
881
CALL
Ross Stores
ROST
$78.6B
| $79.8M | 0.01% |
625,600
+215,200
| +52% | +$29.9M |
|
882
CALL
Vanguard Morningstar Growth ETF
VUG
$231B
| $79.7M | 0.01% |
1,091,400
+528,000
| +94% | +$34.8M |
|
883
State Street SPDR S&P Regional Banking ETF
KRE
$4.67B
| $79.7M | 0.01% |
1,341,478
+293,661
| +28% | +$16.4M |
|
884
PUT
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.49B
| $79.5M | 0.01% |
6,735,000
+4,029,400
| +149% | +$46.7M |
|
885
CALL
Crown Castle
CCI
$32.2B
| $79.3M | 0.01% |
771,600
-327,700
| -30% | -$33.2M |
|
886
PUT
Caesars Entertainment
CZR
$6.04B
| $79.1M | 0.01% |
2,786,200
+361,600
| +15% | +$9.83M |
|
887
Chevron
CVX
$388B
| $79.1M | 0.01% |
552,159
+149,896
| +37% | +$21.1M |
|
888
CALL
VanEck Oil Services ETF
OIH
$1.95B
| $79M | 0.01% |
343,200
-124,500
| -27% | -$27.9M |
|
889
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| $79M | 0.01% |
139,508
+88,317
| +173% | +$47.4M |
|
890
PUT
Toast
TOST
$20.4B
| $78.8M | 0.01% |
1,779,100
+967,700
| +119% | +$38M |
|
891
Moderna
MRNA
$25.4B
| $78.6M | 0.01% |
2,849,112
+1,620,401
| +132% | +$42.7M |
|
892
CALL
Rigetti Computing
RGTI
$6.21B
| $77.7M | 0.01% |
6,555,500
+1,670,800
| +34% | +$17.6M |
|
893
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $77.7M | 0.01% |
788,500
-878,200
| -53% | -$83.5M |
|
894
PUT
Ferrari
RACE
$72.5B
| $77.7M | 0.01% |
158,300
-700
| -0.4% | -$325K |
|
895
PUT
Fabrinet
FN
$20.3B
| $77.6M | 0.01% |
263,500
+126,900
| +93% | +$28.3M |
|
|
PARA
896
PUT
DELISTED
Paramount Global Class B
PARA
| $77.5M | 0.01% |
6,005,100
-1,001,700
| -14% | -$11.7M |
|
897
CALL
Live Nation Entertainment
LYV
$43.3B
| $77.3M | 0.01% |
511,200
-274,100
| -35% | -$37.7M |
|
898
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$142M
| $77M | 0.01% |
1,603,500
+85,800
| +6% | +$5.05M |
|
899
CALL
BHP
BHP
$222B
| $76.9M | 0.01% |
1,599,800
+189,400
| +13% | +$9.1M |
|
900
PUT
Stryker
SYK
$131B
| $76.6M | 0.01% |
193,600
+89,400
| +86% | +$33.4M |
|
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.