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 | |
|---|---|---|---|---|---|---|
1226
CALL
BJs Wholesale Club
BJ
$11.8B
| $46.1M | 0.01% |
427,300
+4,100
| +1% | +$467K |
|
1227
CALL
Five Below
FIVE
$13.2B
| $46M | 0.01% |
351,000
-46,400
| -12% | -$4.52M |
|
1228
PUT
Republic Services
RSG
$65.6B
| $46M | 0.01% |
186,600
+138,600
| +289% | +$34.3M |
|
|
NBIS
1229
Nebius Group N.V.
NBIS
$69.3B
| $46M | 0.01% |
830,844
-341,743
| -29% | -$11.8M |
|
1230
CALL
Root
ROOT
$748M
| $46M | 0.01% |
359,100
+124,400
| +53% | +$16.8M |
|
1231
CALL
Abercrombie & Fitch
ANF
$4.99B
| $45.9M | 0.01% |
554,600
+226,500
| +69% | +$17.2M |
|
1232
PUT
Yum! Brands
YUM
$41B
| $45.9M | 0.01% |
309,700
-41,200
| -12% | -$6.02M |
|
1233
Rio Tinto
RIO
$160B
| $45.8M | 0.01% |
786,029
+558,072
| +245% | +$33M |
|
1234
PUT
Carrier Global
CARR
$52.2B
| $45.7M | 0.01% |
624,700
+451,700
| +261% | +$30.6M |
|
1235
CALL
Norfolk Southern
NSC
$75.3B
| $45.5M | 0.01% |
177,900
+136,300
| +328% | +$32.1M |
|
1236
CALL
Citizens Financial Group
CFG
$31.1B
| $45.3M | 0.01% |
1,013,200
+491,700
| +94% | +$19.4M |
|
1237
CALL
Akamai
AKAM
$18B
| $45.2M | 0.01% |
567,100
-596,700
| -51% | -$46.4M |
|
1238
iShares MSCI South Korea ETF
EWY
$27.6B
| $45.2M | 0.01% |
630,029
+40,092
| +7% | +$2.4M |
|
1239
Devon Energy
DVN
$48.8B
| $45.1M | 0.01% |
1,419,211
+834,980
| +143% | +$26.6M |
|
1240
CALL
Schwab US Dividend Equity ETF
SCHD
$108B
| $45.1M | 0.01% |
1,702,200
+99,100
| +6% | +$2.59M |
|
1241
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $45M | 0.01% |
503,922
+496,786
| +6,962% | +$42.4M |
|
|
SPYM
1242
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $44.7M | 0.01% |
615,200
+332,300
| +117% | +$22.3M |
|
1243
Hecla Mining
HL
$11.9B
| $44.6M | 0.01% |
7,452,394
+159,153
| +2% | +$878K |
|
1244
PUT
Hewlett Packard
HPE
$79.2B
| $44.4M | 0.01% |
2,172,900
+560,400
| +35% | +$9.39M |
|
1245
CALL
Digital Realty Trust
DLR
$73.1B
| $44.4M | 0.01% |
254,700
-626,100
| -71% | -$102M |
|
1246
CALL
StoneCo
STNE
$2.49B
| $44.3M | 0.01% |
2,764,300
-344,900
| -11% | -$4.6M |
|
1247
3M
MMM
$94.8B
| $44.3M | 0.01% |
291,042
+65,195
| +29% | +$9.32M |
|
1248
Gilead Sciences
GILD
$168B
| $44.2M | 0.01% |
399,112
+238,646
| +149% | +$25.4M |
|
1249
CALL
Groupon
GRPN
$901M
| $44.2M | 0.01% |
1,321,600
-166,500
| -11% | -$4.25M |
|
1250
CALL
Norwegian Cruise Line
NCLH
$8.69B
| $44.1M | 0.01% |
2,174,900
-413,100
| -16% | -$7.39M |
|
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.