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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
CALL
Arbor Realty Trust
ABR
$963M
| $30.7M | ﹤0.01% |
2,516,500
+861,100
| +52% | +$10M |
|
1777
CALL
Public Storage
PSA
$60.9B
| $30.7M | ﹤0.01% |
106,300
+68,000
| +178% | +$19.5M |
|
1778
State Street Materials Select Sector SPDR ETF
XLB
$8.6B
| $30.7M | ﹤0.01% |
684,842
+661,536
| +2,838% | +$29.9M |
|
1779
StoneCo
STNE
$2.33B
| $30.6M | ﹤0.01% |
1,617,548
+631,087
| +64% | +$10M |
|
1780
PUT
AES
AES
$10.5B
| $30.5M | ﹤0.01% |
2,314,600
-1,177,900
| -34% | -$15.3M |
|
1781
British American Tobacco
BTI
$123B
| $30.4M | ﹤0.01% |
573,248
-339,592
| -37% | -$18.4M |
|
1782
PUT
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$536M
| $30.4M | ﹤0.01% |
186,400
+136,800
| +276% | +$13.9M |
|
1783
CALL
Lumen
LUMN
$6.7B
| $30.4M | ﹤0.01% |
4,963,800
-293,400
| -6% | -$1.41M |
|
1784
PUT
Birkenstock
BIRK
$7.28B
| $30.4M | ﹤0.01% |
671,300
-815,500
| -55% | -$39.9M |
|
1785
CALL
Public Service Enterprise Group
PEG
$38B
| $30.3M | ﹤0.01% |
363,500
+142,900
| +65% | +$12M |
|
1786
PUT
Southern Copper
SCCO
$158B
| $30.3M | ﹤0.01% |
259,789
+842
| +0.3% | +$81.7K |
|
1787
PUT
ProShares Ultra QQQ
QLD
$14.3B
| $30.3M | ﹤0.01% |
441,400
-153,000
| -26% | -$9.62M |
|
1788
PUT
BioMarin Pharmaceuticals
BMRN
$13B
| $30.2M | ﹤0.01% |
558,300
+259,600
| +87% | +$14.8M |
|
1789
Apollo Global Management
APO
$84B
| $30.2M | ﹤0.01% |
226,850
-79,737
| -26% | -$11.3M |
|
1790
PUT
Flutter Entertainment
FLUT
$17.2B
| $30.2M | ﹤0.01% |
119,000
+18,600
| +19% | +$5.44M |
|
|
QXO
1791
QXO Inc
QXO
$15.6B
| $30.2M | ﹤0.01% |
1,583,727
+1,151,871
| +267% | +$23.9M |
|
|
ETHE
1792
CALL
Grayscale Ethereum Staking ETF Shares
ETHE
$1.52B
| $30.1M | ﹤0.01% |
879,600
+644,200
| +274% | +$20.8M |
|
1793
CALL
Sphere Entertainment
SPHR
$6.2B
| $30.1M | ﹤0.01% |
485,000
+16,000
| +3% | +$755K |
|
1794
State Street SPDR S&P Retail ETF
XRT
$640M
| $30M | ﹤0.01% |
348,585
+22,500
| +7% | +$1.88M |
|
1795
VF Corp
VFC
$5.78B
| $30M | ﹤0.01% |
2,080,031
+1,418,795
| +215% | +$19.1M |
|
1796
CALL
KB Home
KBH
$3.44B
| $30M | ﹤0.01% |
471,500
+232,700
| +97% | +$14.1M |
|
1797
CALL
GSK
GSK
$98.5B
| $30M | ﹤0.01% |
694,300
+271,800
| +64% | +$10.6M |
|
1798
CALL
American Water Works
AWK
$27.1B
| $29.9M | ﹤0.01% |
214,600
+130,300
| +155% | +$18.4M |
|
1799
Workday
WDAY
$49.1B
| $29.8M | ﹤0.01% |
123,959
+104
| +0.1% | +$24K |
|
|
CNR
1800
PUT
Core Natural Resources Inc
CNR
$4.77B
| $29.8M | ﹤0.01% |
357,300
+70,800
| +25% | +$5.3M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.