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 | |
|---|---|---|---|---|---|---|
1351
CALL
APA Corp
APA
$14B
| $39.2M | 0.01% |
2,144,800
+84,700
| +4% | +$1.47M |
|
1352
PUT
iShares Biotechnology ETF
IBB
$9.77B
| $39.2M | 0.01% |
309,800
-512,200
| -62% | -$62.9M |
|
1353
CALL
UBS Group
UBS
$176B
| $39.2M | 0.01% |
1,158,700
+928,500
| +403% | +$28.7M |
|
1354
Capital Group International Focus Equity ETF
CGXU
$6.63B
| $39.2M | 0.01% |
+1,444,232
| New | +$36.7M |
|
1355
CALL
Papa John's
PZZA
$804M
| $39.2M | 0.01% |
800,600
+189,100
| +31% | +$7.72M |
|
1356
PUT
HEICO Corp
HEI
$52.1B
| $39M | 0.01% |
119,000
+68,300
| +135% | +$18.9M |
|
1357
PUT
Samsara
IOT
$24B
| $39M | 0.01% |
980,500
+384,800
| +65% | +$15.9M |
|
1358
PUT
Rockwell Automation
ROK
$50.1B
| $39M | 0.01% |
117,400
+50,600
| +76% | +$14.4M |
|
1359
CALL
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.4B
| $39M | 0.01% |
1,239,800
+319,800
| +35% | +$10.7M |
|
1360
CALL
Trip.com Group
TCOM
$28.3B
| $39M | 0.01% |
664,500
+268,000
| +68% | +$16.1M |
|
1361
CALL
Ares Capital
ARCC
$14.5B
| $39M | 0.01% |
1,774,100
-169,800
| -9% | -$3.61M |
|
1362
Domino's
DPZ
$11.7B
| $38.9M | 0.01% |
86,426
+30,436
| +54% | +$14.3M |
|
1363
CALL
Mettler-Toledo International
MTD
$28.8B
| $38.9M | 0.01% |
33,100
-1,200
| -3% | -$1.34M |
|
1364
PUT
Crocs
CROX
$6.36B
| $38.9M | 0.01% |
383,900
-72,700
| -16% | -$7.41M |
|
1365
PUT
Sempra
SRE
$56.5B
| $38.9M | 0.01% |
512,900
-152,200
| -23% | -$11.3M |
|
1366
PUT
Edison International
EIX
$26.7B
| $38.8M | 0.01% |
752,200
+163,600
| +28% | +$8.97M |
|
1367
PUT
Cboe Global Markets
CBOE
$30.4B
| $38.8M | 0.01% |
166,400
+36,900
| +28% | +$8.21M |
|
1368
CALL
XPeng
XPEV
$11.3B
| $38.7M | 0.01% |
2,165,800
-3,563,200
| -62% | -$69.6M |
|
1369
CALL
AngloGold Ashanti
AU
$48.1B
| $38.6M | 0.01% |
847,300
+442,800
| +109% | +$19.1M |
|
1370
Zillow
ZG
$8.15B
| $38.6M | 0.01% |
563,179
-135,385
| -19% | -$8.97M |
|
1371
CALL
abrdn Physical Gold Shares ETF
SGOL
$7.42B
| $38.6M | 0.01% |
1,222,600
+167,800
| +16% | +$5.26M |
|
1372
PUT
Agilent Technologies
A
$41.9B
| $38.5M | 0.01% |
325,900
+176,700
| +118% | +$19.6M |
|
1373
PUT
BHP
BHP
$222B
| $38.4M | 0.01% |
799,400
-110,000
| -12% | -$5.29M |
|
1374
CALL
Edwards Lifesciences
EW
$53.6B
| $38.4M | 0.01% |
491,400
-34,900
| -7% | -$2.6M |
|
1375
CALL
Bilibili
BILI
$7.14B
| $38.2M | 0.01% |
1,782,900
-1,496,800
| -46% | -$27.6M |
|
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.