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 | |
|---|---|---|---|---|---|---|
1476
CALL
Ormat Technologies
ORA
$7.11B
| $34.2M | ﹤0.01% |
408,900
+214,400
| +110% | +$16M |
|
1477
CALL
argenx
ARGX
$52.6B
| $34.2M | ﹤0.01% |
62,100
-10,700
| -15% | -$6.21M |
|
1478
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $34.2M | ﹤0.01% |
77,654
-101,690
| -57% | -$42.2M |
|
1479
PUT
Northern Trust
NTRS
$34.8B
| $34.2M | ﹤0.01% |
269,800
+217,000
| +411% | +$22.2M |
|
1480
CALL
Royal Bank of Canada
RY
$299B
| $34.2M | ﹤0.01% |
259,900
+19,500
| +8% | +$2.39M |
|
1481
Advance Auto Parts
AAP
$3.39B
| $34.2M | ﹤0.01% |
735,385
-184,668
| -20% | -$7.4M |
|
|
SWTX
1482
PUT
DELISTED
SpringWorks Therapeutics
SWTX
| $34.1M | ﹤0.01% |
726,700
-237,400
| -25% | -$10.6M |
|
|
GRMN
1483
PUT
Garmin
GRMN
$60.2B
| $34.1M | ﹤0.01% |
163,500
+51,200
| +46% | +$10.2M |
|
1484
PUT
Fluor
FLR
$7.13B
| $34.1M | ﹤0.01% |
665,400
-436,200
| -40% | -$17.4M |
|
1485
CALL
Albertsons Companies
ACI
$6.02B
| $34.1M | ﹤0.01% |
1,585,900
-575,900
| -27% | -$12.5M |
|
1486
Riot Platforms
RIOT
$7.14B
| $34.1M | ﹤0.01% |
3,018,228
+594,620
| +25% | +$5.06M |
|
1487
Bilibili
BILI
$7.26B
| $34.1M | ﹤0.01% |
1,588,107
+357,665
| +29% | +$6.58M |
|
1488
CALL
2x Long VIX Futures ETF
UVIX
$201M
| $34M | ﹤0.01% |
75,850
-2,800
| -4% | -$2.15M |
|
1489
PUT
Akamai
AKAM
$18B
| $34M | ﹤0.01% |
426,700
-271,400
| -39% | -$21.1M |
|
1490
PUT
STMicroelectronics
STM
$48.9B
| $34M | ﹤0.01% |
1,119,100
-708,900
| -39% | -$17.6M |
|
|
CMA
1491
PUT
DELISTED
Comerica
CMA
| $34M | ﹤0.01% |
570,100
+72,000
| +14% | +$4.02M |
|
1492
Cencora
COR
$58.8B
| $34M | ﹤0.01% |
113,335
+24,357
| +27% | +$7.02M |
|
1493
CALL
Toronto Dominion Bank
TD
$204B
| $34M | ﹤0.01% |
462,600
-46,100
| -9% | -$3.01M |
|
1494
PUT
Emcor
EME
$37.5B
| $34M | ﹤0.01% |
63,500
-300
| -0.5% | -$132K |
|
1495
Clorox
CLX
$12.7B
| $33.9M | ﹤0.01% |
282,555
+112,372
| +66% | +$15M |
|
1496
PUT
Leidos
LDOS
$18B
| $33.9M | ﹤0.01% |
215,000
+125,200
| +139% | +$18.5M |
|
1497
CALL
Enovix
ENVX
$980M
| $33.8M | ﹤0.01% |
3,736,229
-314,742
| -8% | -$2.05M |
|
1498
PUT
CF Industries
CF
$18B
| $33.7M | ﹤0.01% |
366,800
+22,700
| +7% | +$1.93M |
|
1499
Cognizant
CTSH
$26.4B
| $33.7M | ﹤0.01% |
432,056
+39,135
| +10% | +$3M |
|
1500
PUT
Crown Castle
CCI
$32.3B
| $33.7M | ﹤0.01% |
327,800
+20,600
| +7% | +$2.08M |
|
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.