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 | |
|---|---|---|---|---|---|---|
1626
CALL
Fluor
FLR
$7.09B
| $29.5M | ﹤0.01% |
574,700
-687,100
| -54% | -$27.4M |
|
1627
PUT
T. Rowe Price
TROW
$23.5B
| $29.5M | ﹤0.01% |
305,300
-20,500
| -6% | -$1.88M |
|
1628
CALL
Ally Financial
ALLY
$13.6B
| $29.5M | ﹤0.01% |
756,200
-192,000
| -20% | -$6.65M |
|
1629
CALL
Quest Diagnostics
DGX
$26.1B
| $29.4M | ﹤0.01% |
163,700
+58,300
| +55% | +$10.1M |
|
1630
PUT
Sable Offshore Corp
SOC
$792M
| $29.4M | ﹤0.01% |
1,337,700
+734,400
| +122% | +$17.1M |
|
1631
QuantumScape Corp
QS
$3.82B
| $29.4M | ﹤0.01% |
4,369,431
-1,001,982
| -19% | -$4.23M |
|
1632
CALL
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$227M
| $29.2M | ﹤0.01% |
737,900
+305,100
| +70% | +$11.5M |
|
1633
CALL
Martin Marietta Materials
MLM
$32.9B
| $29.2M | ﹤0.01% |
53,200
+21,800
| +69% | +$11.5M |
|
|
HUYA
1634
PUT
Huya Inc
HUYA
$531M
| $29.2M | ﹤0.01% |
8,287,600
+4,960,100
| +149% | +$18M |
|
1635
Cameco
CCJ
$42.7B
| $29.1M | ﹤0.01% |
392,517
-2,330,245
| -86% | -$124M |
|
1636
PUT
Idexx Laboratories
IDXX
$43.5B
| $29.1M | ﹤0.01% |
54,300
+36,800
| +210% | +$17.6M |
|
1637
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $29.1M | ﹤0.01% |
588,200
-220,700
| -27% | -$10.2M |
|
1638
PUT
Pan American Silver
PAAS
$20B
| $29.1M | ﹤0.01% |
1,024,200
+168,200
| +20% | +$4.35M |
|
1639
PUT
Public Storage
PSA
$60.8B
| $29M | ﹤0.01% |
98,900
+29,500
| +43% | +$8.73M |
|
1640
CALL
Toyota
TM
$226B
| $29M | ﹤0.01% |
168,300
+98,900
| +143% | +$17.9M |
|
1641
PUT
Royal Gold
RGLD
$19.5B
| $28.9M | ﹤0.01% |
162,500
+13,900
| +9% | +$2.46M |
|
1642
PUT
Texas Pacific Land
TPL
$24.7B
| $28.8M | ﹤0.01% |
81,900
+6,600
| +9% | +$2.7M |
|
1643
CALL
Galicia Financial Group
GGAL
$7.02B
| $28.8M | ﹤0.01% |
572,300
-42,300
| -7% | -$2.42M |
|
|
AKRO
1644
CALL
DELISTED
Akero Therapeutics
AKRO
| $28.8M | ﹤0.01% |
540,200
+458,500
| +561% | +$20.8M |
|
1645
PUT
Annaly Capital Management
NLY
$17.6B
| $28.8M | ﹤0.01% |
1,528,700
+590,700
| +63% | +$11.2M |
|
1646
PUT
GSK
GSK
$98.8B
| $28.8M | ﹤0.01% |
748,800
+218,000
| +41% | +$8.33M |
|
1647
PUT
Comfort Systems
FIX
$63B
| $28.7M | ﹤0.01% |
53,600
-4,900
| -8% | -$2.13M |
|
1648
CALL
Antero Resources
AR
$11.5B
| $28.7M | ﹤0.01% |
713,400
-138,400
| -16% | -$5.24M |
|
1649
CALL
Sprott Uranium Miners ETF
URNM
$2.01B
| $28.7M | ﹤0.01% |
599,200
+270,700
| +82% | +$10.3M |
|
1650
PUT
Flutter Entertainment
FLUT
$17.3B
| $28.7M | ﹤0.01% |
100,400
+40,500
| +68% | +$9.94M |
|
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.