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 | |
|---|---|---|---|---|---|---|
1151
CALL
CRH
CRH
$65.2B
| $51.5M | 0.01% |
560,900
+136,000
| +32% | +$12.4M |
|
1152
CALL
Burlington
BURL
$22.3B
| $51.3M | 0.01% |
220,700
-14,500
| -6% | -$3.45M |
|
1153
PUT
Toronto Dominion Bank
TD
$204B
| $51.3M | 0.01% |
698,800
+359,800
| +106% | +$23.5M |
|
1154
PUT
Centene
CNC
$33.1B
| $51.3M | 0.01% |
945,000
-565,900
| -37% | -$33.2M |
|
1155
PUT
Zoetis
ZTS
$31.3B
| $51.2M | 0.01% |
328,200
-6,900
| -2% | -$1.09M |
|
1156
CALL
Expedia Group
EXPE
$39.1B
| $51.2M | 0.01% |
303,300
-43,300
| -12% | -$7.02M |
|
1157
PUT
US Bancorp
USB
$101B
| $51.2M | 0.01% |
1,130,500
-371,300
| -25% | -$15.6M |
|
1158
Twilio
TWLO
$37.9B
| $51.1M | 0.01% |
410,963
+296,310
| +258% | +$31.5M |
|
1159
GE Aerospace
GE
$379B
| $51.1M | 0.01% |
198,473
+100,568
| +103% | +$22.1M |
|
1160
CALL
Quantum Computing Inc
QUBT
$2.02B
| $50.9M | 0.01% |
2,655,000
+307,900
| +13% | +$3.39M |
|
1161
PUT
L3Harris
LHX
$54.1B
| $50.9M | 0.01% |
202,900
+116,500
| +135% | +$26.8M |
|
1162
PUT
HP
HPQ
$28.6B
| $50.9M | 0.01% |
2,079,800
+254,500
| +14% | +$6.49M |
|
|
MSTU
1163
CALL
T-Rex 2X Long MSTR Daily Target ETF
MSTU
$323M
| $50.8M | 0.01% |
587,720
+173,370
| +42% | +$13.1M |
|
1164
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$26.1B
| $50.8M | 0.01% |
211,400
+177,700
| +527% | +$38.8M |
|
|
K
1165
CALL
DELISTED
Kellanova
K
| $50.8M | 0.01% |
638,300
-146,600
| -19% | -$12M |
|
1166
Delta Air Lines
DAL
$59.1B
| $50.7M | 0.01% |
1,030,198
+291,458
| +39% | +$13.4M |
|
1167
CALL
Bloom Energy
BE
$69.6B
| $50.6M | 0.01% |
2,116,600
-181,700
| -8% | -$3.52M |
|
|
NNE
1168
CALL
Nano Nuclear Energy
NNE
$1.1B
| $50.5M | 0.01% |
1,465,200
+275,700
| +23% | +$7.6M |
|
1169
CALL
Vale
VALE
$61.4B
| $50.4M | 0.01% |
5,190,600
+1,948,300
| +60% | +$18.4M |
|
1170
CALL
Caesars Entertainment
CZR
$6.04B
| $50.1M | 0.01% |
1,763,800
-52,500
| -3% | -$1.43M |
|
1171
CALL
F5
FFIV
$24B
| $50M | 0.01% |
169,900
-10,800
| -6% | -$2.98M |
|
1172
PUT
Levi Strauss
LEVI
$8.64B
| $50M | 0.01% |
2,703,000
+2,492,500
| +1,184% | +$41.5M |
|
1173
PUT
Cummins
CMI
$87.8B
| $49.9M | 0.01% |
152,400
+22,600
| +17% | +$7M |
|
1174
CALL
Air Products & Chemicals
APD
$67.7B
| $49.9M | 0.01% |
176,900
+26,300
| +17% | +$7.2M |
|
1175
PUT
General Dynamics
GD
$107B
| $49.9M | 0.01% |
171,000
-85,500
| -33% | -$23.5M |
|
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.