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 | |
|---|---|---|---|---|---|---|
1326
PUT
LyondellBasell Industries
LYB
$20.2B
| $40.2M | 0.01% |
695,200
+252,300
| +57% | +$14.7M |
|
1327
PUT
Quest Diagnostics
DGX
$26.2B
| $40.1M | 0.01% |
223,500
+67,800
| +44% | +$11.8M |
|
1328
CALL
Unilever
UL
$135B
| $40.1M | 0.01% |
583,200
+335,911
| +136% | +$23.6M |
|
1329
CALL
The Mosaic Company
MOS
$6.92B
| $40M | 0.01% |
1,095,400
+155,000
| +16% | +$4.97M |
|
1330
Amphenol
APH
$204B
| $39.9M | 0.01% |
404,505
+178,411
| +79% | +$14.6M |
|
1331
CALL
NetApp
NTAP
$40.2B
| $39.9M | 0.01% |
374,300
-20,100
| -5% | -$1.91M |
|
1332
IQVIA
IQV
$39.8B
| $39.9M | 0.01% |
252,978
+235,725
| +1,366% | +$35.5M |
|
|
VRNA
1333
CALL
DELISTED
Verona Pharma
VRNA
| $39.9M | 0.01% |
421,400
-54,800
| -12% | -$4.06M |
|
|
1334
PUT
The Mosaic Company
MOS
$6.92B
| $39.8M | 0.01% |
1,091,900
-143,500
| -12% | -$4.6M |
|
1335
CALL
Carrier Global
CARR
$52.2B
| $39.8M | 0.01% |
543,600
+327,400
| +151% | +$22.2M |
|
1336
CALL
Franco-Nevada
FNV
$45.5B
| $39.8M | 0.01% |
242,700
-89,400
| -27% | -$14.8M |
|
1337
CALL
Ares Management
ARES
$32.1B
| $39.7M | 0.01% |
229,500
+175,700
| +327% | +$27.8M |
|
1338
CALL
Archer Daniels Midland
ADM
$38.6B
| $39.7M | 0.01% |
752,300
+153,700
| +26% | +$7.48M |
|
1339
Booz Allen Hamilton
BAH
$9.43B
| $39.7M | 0.01% |
381,257
+102,405
| +37% | +$11.5M |
|
1340
PUT
Campbell Soup
CPB
$6.94B
| $39.6M | 0.01% |
1,292,900
+826,300
| +177% | +$29.1M |
|
1341
PUT
Paycom
PAYC
$9.52B
| $39.6M | 0.01% |
171,200
+50,300
| +42% | +$11.9M |
|
1342
Progressive
PGR
$121B
| $39.6M | 0.01% |
148,400
+101,789
| +218% | +$27.9M |
|
1343
CALL
Southern Copper
SCCO
$158B
| $39.6M | 0.01% |
410,682
-114,991
| -22% | -$10M |
|
1344
TJX Companies
TJX
$170B
| $39.5M | 0.01% |
320,261
+217,285
| +211% | +$27.6M |
|
1345
Travelers Companies
TRV
$77.2B
| $39.4M | 0.01% |
147,208
-18,644
| -11% | -$4.92M |
|
1346
CALL
Canadian Natural Resources
CNQ
$98.1B
| $39.4M | 0.01% |
1,254,100
+66,600
| +6% | +$2.02M |
|
1347
CALL
British American Tobacco
BTI
$124B
| $39.4M | 0.01% |
831,800
+178,100
| +27% | +$7.89M |
|
1348
PUT
Ecolab
ECL
$78.1B
| $39.3M | 0.01% |
146,000
+22,200
| +18% | +$5.64M |
|
1349
RB Global
RBA
$16B
| $39.3M | 0.01% |
369,966
-93,597
| -20% | -$9.59M |
|
1350
CALL
CRISPR Therapeutics
CRSP
$5.22B
| $39.3M | 0.01% |
807,100
+463,700
| +135% | +$17.9M |
|
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.