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 | |
|---|---|---|---|---|---|---|
10976
Franklin Financial Services
FRAF
$288M
| $224K | ﹤0.01% |
6,463
-64,886
| -91% | -$2.4M |
|
10977
Direxion Daily Retail Bull 3X ETF
RETL
$27.3M
| $224K | ﹤0.01% |
29,444
-13,383
| -31% | -$87.9K |
|
10978
CALL
Inter&Co
INTR
$2.29B
| $224K | ﹤0.01% |
+30,100
| New | +$200K |
|
|
IPPP
10979
DELISTED
Preferred-Plus ETF
IPPP
| $224K | ﹤0.01% |
22,888
+3,323
| +17% | +$31.9K |
|
10980
CALL
Invesco Pharmaceuticals ETF
PJP
$500M
| $224K | ﹤0.01% |
+2,800
| New | +$223K |
|
|
TUYA
10981
PUT
Tuya Inc
TUYA
$1.12B
| $224K | ﹤0.01% |
96,800
-90,700
| -48% | -$220K |
|
|
NOTE
10982
DELISTED
FiscalNote
NOTE
| $224K | ﹤0.01% |
34,733
+17,677
| +104% | +$133K |
|
10983
LiveOne
LVO
$57.2M
| $223K | ﹤0.01% |
29,599
+20,212
| +215% | +$150K |
|
10984
CALL
Customers Bancorp
CUBI
$2.82B
| $223K | ﹤0.01% |
3,800
-18,400
| -83% | -$932K |
|
|
PVLA
10985
CALL
Palvella Therapeutics
PVLA
$2.25B
| $223K | ﹤0.01% |
+9,900
| New | +$232K |
|
10986
Goldman Sachs Access Emerging Markets USD Bond ETF
GEMD
$37.5M
| $223K | ﹤0.01% |
+5,440
| New | +$218K |
|
10987
Investar Holding Corp
ISTR
$426M
| $223K | ﹤0.01% |
11,545
-2,185
| -16% | -$40.3K |
|
10988
Pacer Data & Infrastructure Real Estate ETF
SRVR
$391M
| $223K | ﹤0.01% |
6,889
-138,858
| -95% | -$4.26M |
|
10989
CALL
A10 Networks
ATEN
$1.99B
| $223K | ﹤0.01% |
11,500
-3,300
| -22% | -$56.4K |
|
10990
Kodiak Sciences
KOD
$2.6B
| $222K | ﹤0.01% |
59,638
+12,134
| +26% | +$43K |
|
10991
CALL
Akebia Therapeutics
AKBA
$242M
| $222K | ﹤0.01% |
61,100
+11,200
| +22% | +$30.8K |
|
10992
PUT
Vanguard Communication Services ETF
VOX
$5.9B
| $222K | ﹤0.01% |
1,300
-6,000
| -82% | -$923K |
|
|
EWCZ
10993
DELISTED
European Wax Center
EWCZ
| $222K | ﹤0.01% |
39,485
-5,724
| -13% | -$26K |
|
10994
Virginia National Bankshares
VABK
$254M
| $222K | ﹤0.01% |
6,008
-1,479
| -20% | -$54.2K |
|
10995
CALL
Community Trust Bancorp
CTBI
$1.43B
| $222K | ﹤0.01% |
4,200
-200
| -5% | -$10.1K |
|
10996
Zevia
ZVIA
$102M
| $222K | ﹤0.01% |
69,025
-445,510
| -87% | -$1.17M |
|
10997
VanEck Merk Gold Trust
OUNZ
$2.71B
| $222K | ﹤0.01% |
6,964
-82,566
| -92% | -$2.61M |
|
10998
PUT
Nuvation Bio
NUVB
$2.18B
| $222K | ﹤0.01% |
+113,800
| New | +$237K |
|
10999
CALL
Clarivate
CLVT
$1.23B
| $222K | ﹤0.01% |
51,600
+1,200
| +2% | +$4.83K |
|
11000
Kyverna Therapeutics
KYTX
$505M
| $222K | ﹤0.01% |
72,269
+37,816
| +110% | +$93.5K |
|
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.