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 | |
|---|---|---|---|---|---|---|
151
PUT
VanEck Gold Miners ETF
GDX
$27.8B
| $756M | 0.11% |
14,517,700
+782,700
| +6% | +$38.8M |
|
152
PUT
iShares Bitcoin Trust
IBIT
$47.2B
| $753M | 0.1% |
12,297,800
+5,481,700
| +80% | +$307M |
|
153
CALL
Intuit
INTU
$91.6B
| $753M | 0.1% |
955,500
+130,000
| +16% | +$88M |
|
154
CALL
Roblox
RBLX
$25.4B
| $742M | 0.1% |
7,052,200
+3,132,400
| +80% | +$246M |
|
155
CALL
Wells Fargo
WFC
$269B
| $739M | 0.1% |
9,225,500
+69,300
| +0.8% | +$5M |
|
156
CALL
Qualcomm
QCOM
$171B
| $729M | 0.1% |
4,579,100
+294,400
| +7% | +$43.3M |
|
157
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
| $724M | 0.1% |
17,082,000
-1,607,800
| -9% | -$67M |
|
158
PUT
Cisco
CSCO
$488B
| $723M | 0.1% |
10,423,500
+5,068,800
| +95% | +$312M |
|
159
CALL
Vistra
VST
$49.2B
| $720M | 0.1% |
3,716,200
+313,100
| +9% | +$46.3M |
|
160
PUT
Constellation Energy
CEG
$98.7B
| $719M | 0.1% |
2,226,300
+12,100
| +0.5% | +$3.2M |
|
|
161
PUT
Vistra
VST
$49.2B
| $716M | 0.1% |
3,695,600
-1,771,300
| -32% | -$262M |
|
|
162
PUT
Intuit
INTU
$91.6B
| $715M | 0.1% |
908,100
+207,400
| +30% | +$140M |
|
163
CALL
PayPal
PYPL
$50.6B
| $713M | 0.1% |
9,598,400
+410,500
| +4% | +$28.1M |
|
164
CALL
Vertiv
VRT
$111B
| $712M | 0.1% |
5,544,300
-362,600
| -6% | -$35.3M |
|
165
PUT
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $710M | 0.1% |
5,611,400
+1,810,400
| +48% | +$201M |
|
166
CALL
Reddit
RDDT
$29.5B
| $704M | 0.1% |
4,673,900
+1,033,200
| +28% | +$117M |
|
|
167
Tesla
TSLA
$1.29T
| $702M | 0.1% |
2,209,298
-1,493,157
| -40% | -$450M |
|
168
PUT
ExxonMobil
XOM
$657B
| $697M | 0.1% |
6,466,300
+2,757,700
| +74% | +$295M |
|
|
169
iShares Bitcoin Trust
IBIT
$47.2B
| $683M | 0.09% |
11,165,237
+516,267
| +5% | +$28.9M |
|
170
PUT
Bank of America
BAC
$453B
| $675M | 0.09% |
14,268,600
+3,738,600
| +36% | +$157M |
|
171
Broadcom
AVGO
$1.98T
| $674M | 0.09% |
2,444,985
+530,239
| +28% | +$115M |
|
172
CALL
Newmont
NEM
$124B
| $667M | 0.09% |
11,443,000
+2,294,500
| +25% | +$122M |
|
|
173
PUT
Qualcomm
QCOM
$171B
| $659M | 0.09% |
4,135,200
+608,600
| +17% | +$89.6M |
|
174
PUT
McDonald's
MCD
$195B
| $648M | 0.09% |
2,217,000
+630,600
| +40% | +$194M |
|
|
175
CALL
VanEck Gold Miners ETF
GDX
$27.8B
| $645M | 0.09% |
12,386,200
-155,000
| -1% | -$7.69M |
|
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.