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 | |
|---|---|---|---|---|---|---|
1426
PUT
AngloGold Ashanti
AU
$48.1B
| $36.1M | 0.01% |
791,400
+124,000
| +19% | +$5.34M |
|
1427
PUT
Mobileye
MBLY
$7.57B
| $36M | 0.01% |
2,001,700
-1,397,600
| -41% | -$21.4M |
|
1428
PUT
UBS Group
UBS
$176B
| $36M | 0.01% |
1,063,900
-374,200
| -26% | -$11.6M |
|
1429
PUT
Quantum Computing Inc
QUBT
$2.02B
| $36M | 0.01% |
1,876,700
-387,700
| -17% | -$4.27M |
|
1430
CALL
Yum China
YUMC
$16.2B
| $35.9M | 0.01% |
804,000
+236,200
| +42% | +$10.6M |
|
1431
Elanco Animal Health
ELAN
$11.2B
| $35.9M | 0.01% |
2,515,442
+945,971
| +60% | +$11.1M |
|
1432
PUT
Sprouts Farmers Market
SFM
$7.71B
| $35.9M | 0.01% |
218,000
+81,900
| +60% | +$13.4M |
|
1433
PUT
SolarEdge
SEDG
$1.98B
| $35.8M | 0.01% |
1,756,100
+388,700
| +28% | +$6.43M |
|
1434
PUT
Brinker International
EAT
$10.2B
| $35.8M | 0.01% |
198,400
-54,800
| -22% | -$8.6M |
|
1435
ARK 21Shares Bitcoin ETF
ARKB
$2.41B
| $35.8M | 0.01% |
999,300
+935,040
| +1,455% | +$30.6M |
|
1436
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$192M
| $35.7M | 0.01% |
967,300
+94,400
| +11% | +$3.65M |
|
|
GAP
1437
CALL
The Gap Inc
GAP
$7.34B
| $35.7M | 0.01% |
1,636,000
+857,900
| +110% | +$19.2M |
|
1438
PUT
J.M. Smucker
SJM
$12.7B
| $35.7M | 0.01% |
363,100
+166,500
| +85% | +$18.3M |
|
1439
American Airlines Group
AAL
$9.97B
| $35.6M | 0.01% |
3,176,610
-4,857,615
| -60% | -$52M |
|
1440
PUT
Oshkosh
OSK
$9.41B
| $35.6M | ﹤0.01% |
313,400
+286,900
| +1,083% | +$27.9M |
|
1441
CALL
Targa Resources
TRGP
$57.2B
| $35.5M | ﹤0.01% |
204,200
-3,300
| -2% | -$554K |
|
|
CFLT
1442
CALL
DELISTED
Confluent
CFLT
| $35.5M | ﹤0.01% |
1,425,600
-246,000
| -15% | -$5.54M |
|
1443
CALL
Williams-Sonoma
WSM
$28.9B
| $35.5M | ﹤0.01% |
217,500
-45,200
| -17% | -$7.1M |
|
1444
Ferguson
FERG
$47.4B
| $35.5M | ﹤0.01% |
162,954
+34,065
| +26% | +$6.27M |
|
|
K
1445
PUT
DELISTED
Kellanova
K
| $35.5M | ﹤0.01% |
445,900
+272,000
| +156% | +$22.2M |
|
1446
PUT
Coupang
CPNG
$29.3B
| $35.4M | ﹤0.01% |
1,180,500
+690,000
| +141% | +$17.7M |
|
1447
CALL
Canadian Imperial Bank of Commerce
CM
$110B
| $35.3M | ﹤0.01% |
498,900
-63,200
| -11% | -$4.07M |
|
1448
CALL
HCI Group
HCI
$2.28B
| $35.3M | ﹤0.01% |
231,800
+173,400
| +297% | +$26.6M |
|
1449
CSX Corp
CSX
$92.8B
| $35.2M | ﹤0.01% |
1,080,233
+782,744
| +263% | +$23.6M |
|
1450
CALL
BioNTech
BNTX
$23.1B
| $35.2M | ﹤0.01% |
330,700
-6,400
| -2% | -$646K |
|
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.