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 | |
|---|---|---|---|---|---|---|
1176
PUT
Norwegian Cruise Line
NCLH
$8.69B
| $49.8M | 0.01% |
2,457,100
-514,200
| -17% | -$9.2M |
|
1177
CALL
Aon
AON
$74.7B
| $49.8M | 0.01% |
139,500
-166,300
| -54% | -$60.3M |
|
|
BNY
1178
PUT
Bank of New York Mellon
BNY
$111B
| $49.7M | 0.01% |
545,500
+21,100
| +4% | +$1.79M |
|
1179
CALL
Cboe Global Markets
CBOE
$30.4B
| $49.6M | 0.01% |
212,500
-71,800
| -25% | -$16M |
|
1180
PUT
Allstate
ALL
$64.7B
| $49.5M | 0.01% |
245,800
-94,000
| -28% | -$18.8M |
|
1181
PUT
United Therapeutics
UTHR
$21.9B
| $49.5M | 0.01% |
172,200
+146,900
| +581% | +$43.9M |
|
1182
PUT
Cintas
CTAS
$81.4B
| $49.5M | 0.01% |
221,900
+32,600
| +17% | +$7.02M |
|
1183
PUT
TotalEnergies
TTE
$194B
| $49.4M | 0.01% |
805,100
+74,000
| +10% | +$4.39M |
|
1184
PUT
HSBC
HSBC
$358B
| $49.4M | 0.01% |
812,200
| – | – |
|
1185
CALL
SoundHound AI
SOUN
$3.32B
| $49.3M | 0.01% |
4,598,700
-938,500
| -17% | -$8.84M |
|
1186
CALL
Duolingo
DUOL
$6.3B
| $49.2M | 0.01% |
120,100
+21,200
| +21% | +$9.3M |
|
1187
CALL
American International
AIG
$39.8B
| $49.2M | 0.01% |
575,100
-43,100
| -7% | -$3.59M |
|
1188
CALL
BWX Technologies
BWXT
$15.8B
| $49.2M | 0.01% |
341,600
+199,800
| +141% | +$23.3M |
|
1189
PUT
Truist Financial
TFC
$64.7B
| $49.2M | 0.01% |
1,144,700
-382,000
| -25% | -$14.9M |
|
1190
PUT
Viking Therapeutics
VKTX
$3.97B
| $48.9M | 0.01% |
1,845,300
+111,300
| +6% | +$2.93M |
|
1191
CALL
Rockwell Automation
ROK
$50.1B
| $48.9M | 0.01% |
147,200
-4,700
| -3% | -$1.34M |
|
1192
Verizon
VZ
$200B
| $48.8M | 0.01% |
1,128,360
+452,053
| +67% | +$19.6M |
|
1193
PUT
Galicia Financial Group
GGAL
$7.1B
| $48.8M | 0.01% |
968,000
-75,900
| -7% | -$4.35M |
|
1194
PUT
Motorola Solutions
MSI
$77.7B
| $48.8M | 0.01% |
116,000
+92,600
| +396% | +$38.7M |
|
1195
CALL
Darling Ingredients
DAR
$10B
| $48.5M | 0.01% |
1,278,800
+1,042,300
| +441% | +$34.3M |
|
|
TTAN
1196
CALL
ServiceTitan Inc
TTAN
$8.94B
| $48.5M | 0.01% |
452,100
+426,900
| +1,694% | +$47.7M |
|
1197
CALL
Welltower
WELL
$166B
| $48.3M | 0.01% |
314,500
-113,600
| -27% | -$17M |
|
1198
CALL
General Mills
GIS
$20.4B
| $48.3M | 0.01% |
932,000
+284,200
| +44% | +$15.7M |
|
1199
CALL
Texas Pacific Land
TPL
$23.6B
| $48.3M | 0.01% |
137,100
+42,000
| +44% | +$17.2M |
|
1200
Sherwin-Williams
SHW
$87.4B
| $48.3M | 0.01% |
140,550
-30,766
| -18% | -$10.7M |
|
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.