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 | |
|---|---|---|---|---|---|---|
1876
Ecolab
ECL
$77.4B
| $22.8M | ﹤0.01% |
84,514
+65,698
| +349% | +$16.7M |
|
1877
PUT
Matador Resources
MTDR
$6.64B
| $22.8M | ﹤0.01% |
476,900
+152,900
| +47% | +$6.75M |
|
1878
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $22.7M | ﹤0.01% |
648,431
-32,425
| -5% | -$1.17M |
|
1879
CALL
Tencent Music
TME
$14.5B
| $22.7M | ﹤0.01% |
1,163,900
+773,300
| +198% | +$12.2M |
|
1880
PUT
MPLX
MPLX
$60.3B
| $22.6M | ﹤0.01% |
439,700
+247,900
| +129% | +$12.6M |
|
1881
CALL
Copart
CPRT
$29.3B
| $22.6M | ﹤0.01% |
460,400
-41,600
| -8% | -$2.33M |
|
1882
CALL
Aptiv
APTV
$10.3B
| $22.6M | ﹤0.01% |
331,000
-198,000
| -37% | -$12.3M |
|
1883
PUT
Thor Industries
THO
$4.11B
| $22.5M | ﹤0.01% |
253,500
+151,100
| +148% | +$11.9M |
|
1884
PUT
TG Therapeutics
TGTX
$7.46B
| $22.5M | ﹤0.01% |
625,200
-32,800
| -5% | -$1.22M |
|
|
FITB
1885
CALL
Fifth Third Bancorp
FITB
$52.7B
| $22.5M | ﹤0.01% |
547,000
+199,500
| +57% | +$7.49M |
|
1886
CALL
QuantumScape Corp
QS
$3.81B
| $22.5M | ﹤0.01% |
3,344,400
+705,200
| +27% | +$2.98M |
|
1887
Carrier Global
CARR
$51.8B
| $22.5M | ﹤0.01% |
306,755
+202,213
| +193% | +$13.7M |
|
1888
Pan American Silver
PAAS
$20B
| $22.4M | ﹤0.01% |
790,200
+325,698
| +70% | +$8.43M |
|
1889
CALL
Steel Dynamics
STLD
$36.7B
| $22.4M | ﹤0.01% |
175,300
-254,800
| -59% | -$32.5M |
|
|
GRMN
1890
CALL
Garmin
GRMN
$59.8B
| $22.4M | ﹤0.01% |
107,500
-25,800
| -19% | -$5.12M |
|
|
SNDK
1891
CALL
Sandisk
SNDK
$240B
| $22.4M | ﹤0.01% |
494,500
-324,500
| -40% | -$12.4M |
|
|
DOCU
1892
DocuSign
DOCU
$11.8B
| $22.4M | ﹤0.01% |
287,651
+212,334
| +282% | +$17.2M |
|
1893
PUT
Capri Holdings
CPRI
$1.74B
| $22.4M | ﹤0.01% |
1,265,200
-51,800
| -4% | -$853K |
|
1894
CALL
BILL Holdings
BILL
$4.96B
| $22.4M | ﹤0.01% |
484,000
-195,700
| -29% | -$8.65M |
|
1895
NextNav
NN
$3.36B
| $22.4M | ﹤0.01% |
1,470,688
+96,827
| +7% | +$1.24M |
|
1896
CALL
Boston Properties
BXP
$10.9B
| $22.3M | ﹤0.01% |
330,900
-47,400
| -13% | -$3.16M |
|
1897
CALL
PennyMac Financial
PFSI
$4.05B
| $22.3M | ﹤0.01% |
223,900
+5,400
| +2% | +$523K |
|
1898
PUT
Summit Therapeutics
SMMT
$10.6B
| $22.3M | ﹤0.01% |
1,046,300
+296,200
| +39% | +$6.75M |
|
1899
PUT
Medpace
MEDP
$16.1B
| $22.3M | ﹤0.01% |
70,900
+34,300
| +94% | +$10.3M |
|
1900
CALL
Madrigal Pharmaceuticals
MDGL
$11.7B
| $22.2M | ﹤0.01% |
73,400
-109,600
| -60% | -$32.7M |
|
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.