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 | |
|---|---|---|---|---|---|---|
101
PUT
Salesforce
CRM
$158B
| $1.08B | 0.15% |
3,972,100
-50,000
| -1% | -$13.4M |
|
102
CALL
State Street Financial Select Sector SPDR ETF
XLF
$59.1B
| $1.08B | 0.15% |
20,632,100
+1,503,400
| +8% | +$74.4M |
|
103
CALL
Visa
V
$671B
| $1.08B | 0.15% |
3,042,100
+196,600
| +7% | +$68.5M |
|
104
CALL
Pinduoduo
PDD
$127B
| $1.06B | 0.15% |
10,157,000
+112,600
| +1% | +$11.8M |
|
105
CALL
Nike
NKE
$60.1B
| $1.05B | 0.15% |
14,781,600
+5,466,900
| +59% | +$328M |
|
|
106
CALL
Salesforce
CRM
$158B
| $1.04B | 0.14% |
3,806,200
+98,700
| +3% | +$26.4M |
|
107
PUT
Walmart Inc
WMT
$923B
| $1.03B | 0.14% |
10,523,300
-14,823,800
| -58% | -$1.41B |
|
|
108
iShares Russell 2000 ETF
IWM
$82.2B
| $1.02B | 0.14% |
4,730,511
-2,208,561
| -32% | -$444M |
|
109
PUT
Uber
UBER
$154B
| $1.02B | 0.14% |
10,914,100
+2,100
| +0% | +$173K |
|
|
110
Apple
AAPL
$4.41T
| $1.02B | 0.14% |
4,963,061
+3,366,378
| +211% | +$680M |
|
111
CALL
AbbVie
ABBV
$440B
| $983M | 0.14% |
5,294,700
+440,800
| +9% | +$81.9M |
|
112
PUT
lululemon athletica
LULU
$13.7B
| $980M | 0.14% |
4,126,500
+1,680,200
| +69% | +$463M |
|
113
CALL
Palo Alto Networks
PANW
$315B
| $975M | 0.14% |
4,762,400
+367,900
| +8% | +$68.3M |
|
114
CALL
Citigroup
C
$231B
| $971M | 0.13% |
11,405,300
-3,799,900
| -25% | -$275M |
|
|
CRWV
115
PUT
CoreWeave
CRWV
$58.8B
| $970M | 0.13% |
+5,949,800
| New | +$549M |
|
116
PUT
Adobe
ADBE
$103B
| $969M | 0.13% |
2,504,800
-133,600
| -5% | -$51.5M |
|
117
PUT
Applovin
APP
$102B
| $962M | 0.13% |
2,748,500
-1,862,900
| -40% | -$604M |
|
118
PUT
iShares Core S&P 500 ETF
IVV
$904B
| $939M | 0.13% |
1,513,000
+738,200
| +95% | +$424M |
|
119
CALL
ExxonMobil
XOM
$657B
| $938M | 0.13% |
8,697,700
-1,898,200
| -18% | -$203M |
|
120
CALL
Spotify
SPOT
$101B
| $937M | 0.13% |
1,221,000
-34,400
| -3% | -$22.1M |
|
121
PUT
Pfizer
PFE
$150B
| $933M | 0.13% |
38,485,500
+3,268,900
| +9% | +$76.2M |
|
122
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $926M | 0.13% |
2,101,000
-241,300
| -10% | -$100M |
|
123
CALL
GE Aerospace
GE
$379B
| $922M | 0.13% |
3,583,700
+1,828,000
| +104% | +$401M |
|
124
PUT
IBM
IBM
$222B
| $919M | 0.13% |
3,118,900
+808,700
| +35% | +$208M |
|
125
CALL
Snowflake
SNOW
$115B
| $919M | 0.13% |
4,107,700
-103,500
| -2% | -$18.7M |
|
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.