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 | |
|---|---|---|---|---|---|---|
|
1401
Berkshire Hathaway Class A
BRK.A
$1.09T
| $37.2M | 0.01% |
51
-2
| -4% | -$1.52M |
|
1402
CALL
Shift4
FOUR
$3.79B
| $37.1M | 0.01% |
374,100
+186,300
| +99% | +$16.2M |
|
1403
Ross Stores
ROST
$78.6B
| $37M | 0.01% |
290,325
+247,419
| +577% | +$34.3M |
|
1404
PUT
MGM Resorts International
MGM
$11.1B
| $37M | 0.01% |
1,076,100
-205,200
| -16% | -$6.51M |
|
1405
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$516M
| $37M | 0.01% |
465,800
+157,900
| +51% | +$11.3M |
|
1406
CALL
Markel Group
MKL
$22.8B
| $37M | 0.01% |
18,500
-1,800
| -9% | -$3.38M |
|
1407
C3.ai
AI
$1.58B
| $36.9M | 0.01% |
1,501,094
+364,196
| +32% | +$8.33M |
|
1408
PUT
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.8B
| $36.9M | 0.01% |
392,300
+328,400
| +514% | +$28.3M |
|
1409
CALL
GE HealthCare
GEHC
$33.3B
| $36.9M | 0.01% |
497,600
+183,500
| +58% | +$12.8M |
|
1410
Deere & Co
DE
$165B
| $36.8M | 0.01% |
72,289
+51,432
| +247% | +$25.2M |
|
1411
PUT
AES
AES
$10.5B
| $36.7M | 0.01% |
3,492,500
-775,400
| -18% | -$8.3M |
|
1412
CALL
Dutch Bros
BROS
$8.93B
| $36.7M | 0.01% |
537,100
-156,300
| -23% | -$10.2M |
|
1413
Bloom Energy
BE
$69.6B
| $36.7M | 0.01% |
1,533,585
+1,170,000
| +322% | +$22.7M |
|
1414
CME Group
CME
$94.3B
| $36.7M | 0.01% |
133,001
+105,110
| +377% | +$28.6M |
|
1415
CALL
iShares National Muni Bond ETF
MUB
$45.9B
| $36.6M | 0.01% |
350,300
+218,000
| +165% | +$22.7M |
|
1416
PUT
Alexandria Real Estate Equities
ARE
$8.27B
| $36.6M | 0.01% |
503,700
+307,100
| +156% | +$22.8M |
|
1417
PUT
Madrigal Pharmaceuticals
MDGL
$12.4B
| $36.5M | 0.01% |
120,700
+26,500
| +28% | +$7.9M |
|
|
CYBR
1418
PUT
DELISTED
CyberArk
CYBR
| $36.5M | 0.01% |
89,600
+34,100
| +61% | +$12.4M |
|
1419
PUT
Tyson Foods
TSN
$19.8B
| $36.5M | 0.01% |
651,700
+135,000
| +26% | +$7.76M |
|
1420
CALL
Western Alliance Bancorporation
WAL
$8.92B
| $36.5M | 0.01% |
467,500
+60,600
| +15% | +$4.35M |
|
|
GLXY
1421
CALL
Galaxy Digital Inc
GLXY
$4.07B
| $36.5M | 0.01% |
+1,664,400
| New | +$33.8M |
|
1422
PUT
Sherwin-Williams
SHW
$87.8B
| $36.4M | 0.01% |
106,100
-79,300
| -43% | -$27.5M |
|
1423
PUT
Ferguson
FERG
$47.4B
| $36.4M | 0.01% |
167,000
+68,800
| +70% | +$12.7M |
|
1424
CALL
Hertz
HTZ
$838M
| $36.3M | 0.01% |
5,315,900
+2,817,000
| +113% | +$17.6M |
|
1425
PUT
Equifax
EFX
$21.2B
| $36.1M | 0.01% |
139,300
-11,800
| -8% | -$3M |
|
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.