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 | |
|---|---|---|---|---|---|---|
1101
CALL
Align Technology
ALGN
$12.5B
| $54.9M | 0.01% |
289,800
+79,100
| +38% | +$14M |
|
1102
CALL
Powell Industries
POWL
$7.43B
| $54.8M | 0.01% |
780,900
+320,700
| +70% | +$19.3M |
|
1103
Viking Therapeutics
VKTX
$3.84B
| $54.8M | 0.01% |
2,066,651
+389,847
| +23% | +$10.3M |
|
1104
Freeport-McMoran
FCX
$93.6B
| $54.7M | 0.01% |
1,262,751
-1,143,258
| -48% | -$43.4M |
|
1105
PUT
GitLab
GTLB
$7.32B
| $54.6M | 0.01% |
1,211,300
+420,700
| +53% | +$19.2M |
|
1106
Comcast
CMCSA
$92.9B
| $54.6M | 0.01% |
1,529,493
-374,645
| -20% | -$13M |
|
1107
PUT
Pultegroup
PHM
$24.9B
| $54.6M | 0.01% |
517,500
+41,800
| +9% | +$4.21M |
|
1108
CALL
Sysco
SYY
$40B
| $54.2M | 0.01% |
716,100
+459,500
| +179% | +$33.4M |
|
1109
PUT
Direxion Daily Regional Banks Bull 3X ETF
DPST
$414M
| $54.2M | 0.01% |
624,400
+261,000
| +72% | +$19.2M |
|
1110
CALL
Gartner
IT
$11.6B
| $54M | 0.01% |
133,700
+76,500
| +134% | +$32M |
|
|
HUT
1111
CALL
Hut 8
HUT
$10.2B
| $54M | 0.01% |
2,904,300
+1,568,500
| +117% | +$23.4M |
|
1112
Elevance Health
ELV
$86.4B
| $54M | 0.01% |
138,874
+37,755
| +37% | +$15.2M |
|
1113
CALL
Best Buy
BBY
$18B
| $53.8M | 0.01% |
802,000
-237,200
| -23% | -$16.1M |
|
1114
KKR & Co
KKR
$103B
| $53.8M | 0.01% |
404,699
+133,838
| +49% | +$15.7M |
|
1115
CALL
DuPont de Nemours
DD
$19.5B
| $53.5M | 0.01% |
621,480
+131,610
| +27% | +$10.9M |
|
1116
PUT
Whirlpool
WHR
$2.79B
| $53.5M | 0.01% |
527,100
+238,800
| +83% | +$19.9M |
|
1117
PUT
British American Tobacco
BTI
$124B
| $53.3M | 0.01% |
1,127,100
-88,700
| -7% | -$3.93M |
|
1118
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.67B
| $53.3M | 0.01% |
544,500
-1,119,620
| -67% | -$161M |
|
1119
PUT
Nice
NICE
$6.17B
| $53.3M | 0.01% |
315,300
-461,800
| -59% | -$74.4M |
|
1120
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $53.2M | 0.01% |
1,932,200
-3,529,100
| -65% | -$93.1M |
|
1121
PUT
Trump Media & Technology Group
DJT
$2.31B
| $53.2M | 0.01% |
2,948,600
+1,571,200
| +114% | +$34.2M |
|
1122
PUT
United States Natural Gas Fund
UNG
$489M
| $53.2M | 0.01% |
3,480,100
+2,767,600
| +388% | +$47.7M |
|
1123
Simon Property Group
SPG
$71.7B
| $53.2M | 0.01% |
330,736
+220,535
| +200% | +$34.8M |
|
1124
PUT
Oscar Health
OSCR
$9.5B
| $53.1M | 0.01% |
2,475,500
+1,842,600
| +291% | +$27.4M |
|
1125
PUT
Aon
AON
$75.7B
| $53.1M | 0.01% |
148,700
+15,000
| +11% | +$5.43M |
|
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.