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 | |
|---|---|---|---|---|---|---|
1801
PUT
GDS Holdings
GDS
$6.91B
| $29.8M | ﹤0.01% |
770,100
+479,400
| +165% | +$17M |
|
1802
PUT
MGM Resorts International
MGM
$11.1B
| $29.8M | ﹤0.01% |
859,100
-217,000
| -20% | -$7.96M |
|
1803
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $29.8M | ﹤0.01% |
304,258
+66,993
| +28% | +$6.22M |
|
1804
PUT
Cognizant
CTSH
$26.4B
| $29.8M | ﹤0.01% |
443,600
-77,900
| -15% | -$5.63M |
|
1805
PUT
Edison International
EIX
$27.3B
| $29.6M | ﹤0.01% |
536,000
-216,200
| -29% | -$11.7M |
|
1806
CALL
Sterling Infrastructure
STRL
$17.6B
| $29.6M | ﹤0.01% |
87,100
-6,700
| -7% | -$1.9M |
|
1807
PUT
Nasdaq
NDAQ
$54.2B
| $29.5M | ﹤0.01% |
333,600
+193,000
| +137% | +$17.9M |
|
1808
TJX Companies
TJX
$168B
| $29.5M | ﹤0.01% |
203,994
-116,267
| -36% | -$15.4M |
|
1809
Ares Management
ARES
$32.9B
| $29.4M | ﹤0.01% |
184,154
+58,010
| +46% | +$10.5M |
|
1810
Carnival Corporation Ltd
CCL
$38.7B
| $29.4M | ﹤0.01% |
1,017,798
+601,007
| +144% | +$18.1M |
|
1811
CALL
DigitalOcean
DOCN
$15.2B
| $29.4M | ﹤0.01% |
860,300
+504,000
| +141% | +$16M |
|
1812
CALL
Armstrong World Industries
AWI
$7.67B
| $29.4M | ﹤0.01% |
149,800
+70,700
| +89% | +$13.1M |
|
1813
PUT
Cracker Barrel
CBRL
$1.28B
| $29.3M | ﹤0.01% |
665,900
+458,400
| +221% | +$26.5M |
|
1814
CALL
Bunge Global
BG
$21.7B
| $29.3M | ﹤0.01% |
360,200
+143,400
| +66% | +$11.5M |
|
1815
PUT
TG Therapeutics
TGTX
$7.45B
| $29.2M | ﹤0.01% |
808,500
+183,300
| +29% | +$6.04M |
|
1816
PUT
Keysight
KEYS
$60.9B
| $29.2M | ﹤0.01% |
166,800
+86,000
| +106% | +$14.3M |
|
1817
CALL
Halozyme
HALO
$11.2B
| $29.2M | ﹤0.01% |
397,800
+199,000
| +100% | +$13.2M |
|
1818
AutoZone
AZO
$49.8B
| $29.2M | ﹤0.01% |
6,797
-8,995
| -57% | -$36.1M |
|
1819
CALL
Sanofi
SNY
$105B
| $29.2M | ﹤0.01% |
617,800
-16,600
| -3% | -$801K |
|
1820
PUT
Kimberly-Clark
KMB
$36.9B
| $29.2M | ﹤0.01% |
234,500
-53,900
| -19% | -$6.97M |
|
1821
CALL
Essex Property Trust
ESS
$18.5B
| $29.1M | ﹤0.01% |
108,800
+96,500
| +785% | +$26.1M |
|
1822
PUT
Ramaco Resources Class A
METC
$742M
| $29.1M | ﹤0.01% |
877,200
+815,600
| +1,324% | +$19M |
|
|
SMCX
1823
CALL
Defiance Daily Target 2X Long SMCI ETF
SMCX
$302M
| $29.1M | ﹤0.01% |
374,300
+170,500
| +84% | +$14.7M |
|
1824
PUT
Skyworks Solutions
SWKS
$10.4B
| $29.1M | ﹤0.01% |
377,500
+1,600
| +0.4% | +$119K |
|
|
SPYM
1825
State Street SPDR Portfolio S&P 500 ETF
SPYM
$169B
| $29M | ﹤0.01% |
370,757
+236,512
| +176% | +$17.8M |
|
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.