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 | |
|---|---|---|---|---|---|---|
901
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$6.47B
| $76.5M | 0.01% |
817,600
+555,500
| +212% | +$36.7M |
|
902
PUT
Direxion Daily Financial Bull 3x ETF
FAS
$2.5B
| $76.5M | 0.01% |
453,500
-65,600
| -13% | -$9.56M |
|
903
CALL
US Bancorp
USB
$102B
| $76.3M | 0.01% |
1,686,700
-337,000
| -17% | -$14.2M |
|
904
VanEck Semiconductor ETF
SMH
$72.5B
| $76.2M | 0.01% |
273,339
+136,840
| +100% | +$31.7M |
|
905
Applied Materials
AMAT
$424B
| $76M | 0.01% |
415,359
-473,334
| -53% | -$75M |
|
906
CALL
PG&E
PCG
$38.5B
| $75.9M | 0.01% |
5,444,800
+1,989,800
| +58% | +$32.4M |
|
907
CALL
Warner Bros
WBD
$69.6B
| $75.9M | 0.01% |
6,621,600
+19,100
| +0.3% | +$178K |
|
908
PUT
iShares MSCI Canada ETF
EWC
$6.55B
| $75.8M | 0.01% |
1,641,000
-109,900
| -6% | -$4.75M |
|
909
Credo Technology Group
CRDO
$49.6B
| $75.4M | 0.01% |
814,322
-455,885
| -36% | -$26.6M |
|
910
CALL
iShares Biotechnology ETF
IBB
$9.77B
| $75.3M | 0.01% |
595,300
+305,700
| +106% | +$37.5M |
|
|
BNY
911
CALL
Bank of New York Mellon
BNY
$110B
| $75.2M | 0.01% |
825,600
+124,800
| +18% | +$10.6M |
|
912
PUT
O'Reilly Automotive
ORLY
$74.9B
| $75.2M | 0.01% |
834,200
+244,700
| +42% | +$22.3M |
|
913
PUT
Nutanix
NTNX
$18.4B
| $75M | 0.01% |
981,400
+420,700
| +75% | +$30.3M |
|
914
PUT
Sunrun
RUN
$2.37B
| $74.8M | 0.01% |
9,145,500
+5,270,100
| +136% | +$41.4M |
|
915
CALL
DexCom
DXCM
$34.5B
| $74.7M | 0.01% |
855,800
+171,300
| +25% | +$13.4M |
|
916
Biogen
BIIB
$31.1B
| $74.6M | 0.01% |
594,099
+325,727
| +121% | +$40.6M |
|
917
PUT
Cardinal Health
CAH
$53.8B
| $74.6M | 0.01% |
443,900
-82,300
| -16% | -$12.2M |
|
918
PUT
XPeng
XPEV
$11.3B
| $74.5M | 0.01% |
4,167,700
+1,158,000
| +38% | +$22.6M |
|
919
PUT
Lyft
LYFT
$6.48B
| $74.2M | 0.01% |
4,709,300
-464,000
| -9% | -$6.5M |
|
920
CALL
Wingstop
WING
$3.1B
| $74.1M | 0.01% |
220,100
+137,100
| +165% | +$40.6M |
|
921
PUT
VanEck Junior Gold Miners ETF
GDXJ
$8.33B
| $73.5M | 0.01% |
1,086,800
+466,800
| +75% | +$29.5M |
|
922
CALL
GeneDx Holdings
WGS
$2.36B
| $73.4M | 0.01% |
794,700
+548,300
| +223% | +$43M |
|
|
923
PUT
Wingstop
WING
$3.1B
| $73.2M | 0.01% |
217,500
+2,400
| +1% | +$710K |
|
|
CMA
924
CALL
DELISTED
Comerica
CMA
| $73.2M | 0.01% |
1,227,700
+786,600
| +178% | +$43.9M |
|
|
TIGR
925
PUT
UP Fintech Holding
TIGR
$833M
| $73.2M | 0.01% |
7,587,600
+4,921,100
| +185% | +$41.1M |
|
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.