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 | |
|---|---|---|---|---|---|---|
|
CRCL
176
CALL
Circle Internet Group
CRCL
$18.1B
| $639M | 0.09% |
+3,525,600
| New | +$574M |
|
177
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $632M | 0.09% |
5,815,600
-3,674,800
| -39% | -$376M |
|
178
CALL
Bank of America
BAC
$453B
| $625M | 0.09% |
13,205,800
-867,700
| -6% | -$36.5M |
|
179
CALL
Pfizer
PFE
$150B
| $621M | 0.09% |
25,600,500
-867,800
| -3% | -$20.2M |
|
180
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $611M | 0.08% |
5,577,200
+2,940,200
| +111% | +$316M |
|
181
CALL
Mastercard
MA
$490B
| $610M | 0.08% |
1,085,900
+72,800
| +7% | +$40.3M |
|
182
CALL
Cisco
CSCO
$488B
| $610M | 0.08% |
8,790,200
+559,900
| +7% | +$34.4M |
|
183
PUT
Snowflake
SNOW
$115B
| $597M | 0.08% |
2,666,700
-985,000
| -27% | -$178M |
|
184
Amazon
AMZN
$2.88T
| $594M | 0.08% |
2,707,494
+325,643
| +14% | +$64.4M |
|
|
CRWV
185
CALL
CoreWeave
CRWV
$58.8B
| $592M | 0.08% |
+3,633,200
| New | +$335M |
|
186
CALL
Applied Materials
AMAT
$435B
| $589M | 0.08% |
3,216,900
+276,200
| +9% | +$43.8M |
|
187
PUT
Amgen
AMGN
$225B
| $581M | 0.08% |
2,081,900
+928,500
| +81% | +$263M |
|
188
PUT
Vertiv
VRT
$111B
| $581M | 0.08% |
4,525,000
-235,100
| -5% | -$22.9M |
|
189
CALL
Coca-Cola
KO
$373B
| $575M | 0.08% |
8,125,900
-120,900
| -1% | -$8.61M |
|
190
PUT
Super Micro Computer
SMCI
$24.3B
| $570M | 0.08% |
11,637,200
-11,441,100
| -50% | -$441M |
|
191
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
| $563M | 0.08% |
9,485,000
-1,743,900
| -16% | -$97.1M |
|
192
PUT
Target
TGT
$69.9B
| $563M | 0.08% |
5,708,900
+1,206,600
| +27% | +$116M |
|
193
PUT
ProShares UltraPro QQQ
TQQQ
$37.4B
| $563M | 0.08% |
13,567,000
-4,594,200
| -25% | -$145M |
|
194
PUT
Texas Instruments
TXN
$253B
| $556M | 0.08% |
2,676,100
+1,405,900
| +111% | +$250M |
|
195
PUT
Marvell Technology
MRVL
$195B
| $552M | 0.08% |
7,133,000
+337,700
| +5% | +$21.1M |
|
196
CALL
SoFi Technologies
SOFI
$23.2B
| $549M | 0.08% |
30,158,200
+14,176,600
| +89% | +$187M |
|
197
CALL
Caterpillar
CAT
$393B
| $546M | 0.08% |
1,407,600
-179,600
| -11% | -$59.9M |
|
|
198
Alphabet (Google) Class C
GOOG
$4.19T
| $543M | 0.08% |
3,059,917
+2,107,328
| +221% | +$348M |
|
199
PUT
Avis
CAR
$4.93B
| $537M | 0.07% |
3,177,800
+2,093,000
| +193% | +$225M |
|
200
PUT
Blackstone
BX
$110B
| $535M | 0.07% |
3,579,700
+413,600
| +13% | +$56.8M |
|
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.