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 | |
|---|---|---|---|---|---|---|
1026
CALL
iShares MSCI India ETF
INDA
$6.58B
| $62.1M | 0.01% |
1,115,100
-200,000
| -15% | -$10.7M |
|
1027
CALL
First Citizens BancShares
FCNCA
$25.6B
| $62M | 0.01% |
31,700
+4,800
| +18% | +$8.71M |
|
|
WBA
1028
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $62M | 0.01% |
5,402,100
+26,300
| +0.5% | +$293K |
|
1029
CALL
iShares US Home Construction ETF
ITB
$2.37B
| $61.9M | 0.01% |
664,200
+86,200
| +15% | +$7.88M |
|
1030
PUT
AB InBev
BUD
$158B
| $61.9M | 0.01% |
900,300
+433,200
| +93% | +$29.1M |
|
1031
PUT
Halliburton
HAL
$27.4B
| $61.8M | 0.01% |
3,034,500
+898,100
| +42% | +$18.8M |
|
1032
Fluor
FLR
$7B
| $61.5M | 0.01% |
1,200,307
-73,599
| -6% | -$2.93M |
|
1033
CALL
Centrus Energy
LEU
$3.83B
| $61.5M | 0.01% |
335,900
+75,900
| +29% | +$8.1M |
|
1034
PUT
Phillips 66
PSX
$92.8B
| $61.5M | 0.01% |
515,700
+106,200
| +26% | +$11.9M |
|
1035
CALL
Carpenter Technology
CRS
$26.6B
| $61.5M | 0.01% |
222,400
-289,000
| -57% | -$63M |
|
1036
CALL
Autodesk
ADSK
$54.5B
| $61.4M | 0.01% |
198,500
-79,800
| -29% | -$22.6M |
|
1037
CALL
LyondellBasell Industries
LYB
$20.2B
| $61.4M | 0.01% |
1,061,500
+471,100
| +80% | +$27.5M |
|
1038
CALL
Becton Dickinson
BDX
$49.6B
| $61.4M | 0.01% |
356,200
+10,700
| +3% | +$1.96M |
|
1039
CALL
Global E Online
GLBE
$7.09B
| $61.3M | 0.01% |
1,827,600
-80,100
| -4% | -$2.7M |
|
1040
PUT
Floor & Decor
FND
$6.27B
| $61.2M | 0.01% |
806,300
-350,600
| -30% | -$26M |
|
1041
Arista Networks
ANET
$257B
| $61.1M | 0.01% |
596,907
+426,150
| +250% | +$36.9M |
|
1042
CALL
Waste Management
WM
$89.6B
| $61M | 0.01% |
266,600
-203,300
| -43% | -$47.2M |
|
1043
PUT
Teva Pharmaceuticals
TEVA
$42.6B
| $60.9M | 0.01% |
3,636,600
-967,800
| -21% | -$15.6M |
|
1044
CALL
The GEO Group
GEO
$4B
| $60.8M | 0.01% |
2,540,500
+343,300
| +16% | +$9.38M |
|
1045
PUT
Intercontinental Exchange
ICE
$87.2B
| $60.7M | 0.01% |
330,600
+98,700
| +43% | +$17M |
|
1046
PUT
Deckers Outdoor
DECK
$12.7B
| $60.4M | 0.01% |
586,100
+109,300
| +23% | +$12.1M |
|
1047
SLB Ltd
SLB
$77.3B
| $60.2M | 0.01% |
1,779,752
+545,324
| +44% | +$18.9M |
|
1048
CALL
TotalEnergies
TTE
$193B
| $60.1M | 0.01% |
978,900
-88,600
| -8% | -$5.26M |
|
1049
PUT
Under Armour
UAA
$2.3B
| $60.1M | 0.01% |
8,792,400
+380,100
| +5% | +$2.37M |
|
1050
Mercado Libre
MELI
$92.7B
| $60M | 0.01% |
22,952
-33,730
| -60% | -$78.8M |
|
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.