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 | |
|---|---|---|---|---|---|---|
1501
PUT
Dutch Bros
BROS
$9.07B
| $33.5M | ﹤0.01% |
490,600
+167,400
| +52% | +$10.9M |
|
1502
PUT
Teck Resources
TECK
$31.3B
| $33.5M | ﹤0.01% |
829,700
+210,100
| +34% | +$7.59M |
|
1503
CALL
VeriSign
VRSN
$25.8B
| $33.4M | ﹤0.01% |
115,800
+36,900
| +47% | +$10M |
|
1504
CALL
Sable Offshore Corp
SOC
$800M
| $33.4M | ﹤0.01% |
1,517,300
+431,200
| +40% | +$10M |
|
1505
CALL
Casey's General Stores
CASY
$31.6B
| $33.3M | ﹤0.01% |
65,200
+36,600
| +128% | +$16.9M |
|
1506
PUT
Norfolk Southern
NSC
$76.2B
| $33.2M | ﹤0.01% |
129,700
+69,900
| +117% | +$16.5M |
|
1507
PUT
ProShares UltraPro S&P 500
UPRO
$5.82B
| $33.2M | ﹤0.01% |
362,700
+19,200
| +6% | +$1.43M |
|
1508
PUT
Booz Allen Hamilton
BAH
$9.35B
| $33.1M | ﹤0.01% |
318,000
+180,800
| +132% | +$20.2M |
|
1509
CALL
Advance Auto Parts
AAP
$3.4B
| $33.1M | ﹤0.01% |
712,200
+205,400
| +41% | +$8.23M |
|
1510
TransDigm Group
TDG
$69B
| $33.1M | ﹤0.01% |
21,771
+9,384
| +76% | +$13.2M |
|
|
SLNO
1511
CALL
DELISTED
Soleno Therapeutics
SLNO
| $33.1M | ﹤0.01% |
394,900
-526,400
| -57% | -$39.4M |
|
1512
CALL
SL Green Realty
SLG
$4.04B
| $33.1M | ﹤0.01% |
534,400
+178,500
| +50% | +$10.2M |
|
1513
CALL
ResMed
RMD
$32.8B
| $33.1M | ﹤0.01% |
128,200
+79,200
| +162% | +$18.9M |
|
1514
Coeur Mining
CDE
$19.4B
| $33.1M | ﹤0.01% |
3,731,916
-554,117
| -13% | -$4.03M |
|
1515
PUT
Li Auto
LI
$12B
| $33.1M | ﹤0.01% |
1,219,600
-549,500
| -31% | -$14.5M |
|
1516
CALL
Roper Technologies
ROP
$39.1B
| $33M | ﹤0.01% |
58,200
-6,100
| -9% | -$3.45M |
|
1517
CALL
SentinelOne
S
$7.96B
| $33M | ﹤0.01% |
1,803,100
+76,900
| +4% | +$1.41M |
|
1518
CALL
M&T Bank
MTB
$36.8B
| $33M | ﹤0.01% |
169,900
+1,300
| +0.8% | +$229K |
|
1519
PUT
Edwards Lifesciences
EW
$53.2B
| $32.9M | ﹤0.01% |
421,100
-50,700
| -11% | -$3.78M |
|
1520
PUT
Toll Brothers
TOL
$13.8B
| $32.9M | ﹤0.01% |
288,400
-52,100
| -15% | -$5.41M |
|
1521
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.73B
| $32.9M | ﹤0.01% |
261,435
+89,976
| +52% | +$10.8M |
|
1522
O'Reilly Automotive
ORLY
$74.1B
| $32.9M | ﹤0.01% |
364,867
+259,492
| +246% | +$23.7M |
|
1523
CALL
Enbridge
ENB
$111B
| $32.8M | ﹤0.01% |
724,000
-88,000
| -11% | -$3.99M |
|
1524
KraneShares CSI China Internet ETF
KWEB
$5.34B
| $32.8M | ﹤0.01% |
955,669
+95,032
| +11% | +$3.15M |
|
1525
Lyft
LYFT
$6.55B
| $32.8M | ﹤0.01% |
2,079,853
-322,107
| -13% | -$4.51M |
|
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.