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 | |
|---|---|---|---|---|---|---|
1926
PUT
Argan
AGX
$8.11B
| $21.5M | ﹤0.01% |
97,500
-110,300
| -53% | -$19.9M |
|
1927
Li Auto
LI
$12B
| $21.4M | ﹤0.01% |
+790,493
| New | +$20.9M |
|
|
NNE
1928
PUT
Nano Nuclear Energy
NNE
$1.06B
| $21.4M | ﹤0.01% |
620,800
+375,800
| +153% | +$10.4M |
|
1929
JPMorgan BetaBuilders Europe ETF
BBEU
$9.52B
| $21.4M | ﹤0.01% |
+316,867
| New | +$20.5M |
|
1930
Insmed
INSM
$27B
| $21.4M | ﹤0.01% |
212,222
-236,392
| -53% | -$18.1M |
|
1931
CALL
Curtiss-Wright
CW
$25.8B
| $21.3M | ﹤0.01% |
43,700
+39,000
| +830% | +$15.4M |
|
1932
CALL
Magnite
MGNI
$3.55B
| $21.3M | ﹤0.01% |
882,400
+300,600
| +52% | +$4.43M |
|
1933
PUT
Tyler Technologies
TYL
$13.5B
| $21.3M | ﹤0.01% |
35,900
+8,900
| +33% | +$5.04M |
|
1934
CALL
Vanguard Real Estate ETF
VNQ
$39.2B
| $21.2M | ﹤0.01% |
238,500
-28,700
| -11% | -$2.53M |
|
1935
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $21.2M | ﹤0.01% |
605,100
-317,100
| -34% | -$11.5M |
|
1936
PUT
Carpenter Technology
CRS
$27.1B
| $21.2M | ﹤0.01% |
76,800
+11,100
| +17% | +$2.42M |
|
|
QXO
1937
PUT
QXO Inc
QXO
$15.7B
| $21.2M | ﹤0.01% |
985,400
+820,800
| +499% | +$13.5M |
|
1938
PUT
Pool Corp
POOL
$7.08B
| $21.2M | ﹤0.01% |
72,800
+2,700
| +4% | +$817K |
|
1939
First Citizens BancShares
FCNCA
$25.9B
| $21.2M | ﹤0.01% |
10,832
-3,649
| -25% | -$6.62M |
|
1940
PUT
Synchrony
SYF
$26.4B
| $21.2M | ﹤0.01% |
317,400
+112,400
| +55% | +$6.28M |
|
1941
Schwab Fundamental International Large Company Index ETF
FNDF
$25.9B
| $21.2M | ﹤0.01% |
529,291
+109,874
| +26% | +$4.14M |
|
|
ETHA
1942
PUT
iShares Ethereum Trust ETF
ETHA
$5.54B
| $21.2M | ﹤0.01% |
+1,109,900
| New | +$18.5M |
|
1943
PUT
SL Green Realty
SLG
$3.97B
| $21.2M | ﹤0.01% |
341,800
+143,400
| +72% | +$8.21M |
|
1944
CALL
Entegris
ENTG
$24.7B
| $21.1M | ﹤0.01% |
262,200
+87,000
| +50% | +$6.61M |
|
|
COOP
1945
PUT
DELISTED
Mr. Cooper
COOP
| $21.1M | ﹤0.01% |
141,700
+89,900
| +174% | +$11.5M |
|
1946
CALL
Hasbro
HAS
$13.6B
| $21.1M | ﹤0.01% |
286,400
-395,600
| -58% | -$24.9M |
|
1947
AES
AES
$10.5B
| $21.1M | ﹤0.01% |
2,009,632
+533,135
| +36% | +$5.71M |
|
1948
CALL
ScottsMiracle-Gro
SMG
$3.55B
| $21.1M | ﹤0.01% |
320,500
+220,300
| +220% | +$12.7M |
|
1949
CALL
Natera
NTRA
$44.7B
| $21.1M | ﹤0.01% |
125,100
-129,700
| -51% | -$20.2M |
|
1950
Hershey
HSY
$37B
| $21.1M | ﹤0.01% |
127,280
-6,855
| -5% | -$1.13M |
|
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.