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 | |
|---|---|---|---|---|---|---|
1976
Cipher Digital
CIFR
$7.41B
| $20.6M | ﹤0.01% |
4,311,319
+3,614,123
| +518% | +$11.7M |
|
1977
Vanguard Russell 3000 ETF
VTHR
$4.88B
| $20.6M | ﹤0.01% |
75,540
+38,711
| +105% | +$9.77M |
|
1978
CALL
Ameriprise Financial
AMP
$50.3B
| $20.6M | ﹤0.01% |
38,600
-88,300
| -70% | -$43.6M |
|
1979
iShares MSCI Taiwan ETF
EWT
$11.5B
| $20.6M | ﹤0.01% |
358,647
+297,031
| +482% | +$15.2M |
|
1980
Monster Beverage
MNST
$91.7B
| $20.6M | ﹤0.01% |
657,220
+403,700
| +159% | +$12.3M |
|
|
SPYM
1981
PUT
State Street SPDR Portfolio S&P 500 ETF
SPYM
$169B
| $20.6M | ﹤0.01% |
282,800
+71,200
| +34% | +$4.79M |
|
1982
CALL
Vanguard Total World Stock ETF
VT
$81.8B
| $20.5M | ﹤0.01% |
159,800
-30,000
| -16% | -$3.59M |
|
1983
CALL
VF Corp
VFC
$5.85B
| $20.5M | ﹤0.01% |
1,746,600
-999,700
| -36% | -$12.4M |
|
1984
CALL
Tradeweb Markets
TW
$22.4B
| $20.5M | ﹤0.01% |
139,900
-115,100
| -45% | -$16.1M |
|
|
WAY
1985
Waystar Holding Corp
WAY
$4.75B
| $20.5M | ﹤0.01% |
500,703
+266,567
| +114% | +$10.3M |
|
1986
PUT
iShares MSCI India ETF
INDA
$6.56B
| $20.4M | ﹤0.01% |
366,800
+106,000
| +41% | +$5.66M |
|
1987
PUT
UiPath
PATH
$8.3B
| $20.4M | ﹤0.01% |
1,594,100
-1,027,100
| -39% | -$12.3M |
|
1988
PUT
Banco Macro
BMA
$4.96B
| $20.4M | ﹤0.01% |
290,400
+154,800
| +114% | +$12.8M |
|
1989
PUT
Aflac
AFL
$60.9B
| $20.4M | ﹤0.01% |
193,200
-134,600
| -41% | -$14.1M |
|
1990
CALL
Brookfield
BN
$107B
| $20.4M | ﹤0.01% |
494,100
+255,600
| +107% | +$9.47M |
|
1991
Stryker
SYK
$130B
| $20.4M | ﹤0.01% |
51,464
+25,687
| +100% | +$9.61M |
|
1992
Teradyne
TER
$65.5B
| $20.3M | ﹤0.01% |
226,085
-150,014
| -40% | -$12M |
|
1993
CALL
Teck Resources
TECK
$31.2B
| $20.3M | ﹤0.01% |
503,200
-170,300
| -25% | -$6.15M |
|
1994
ProShares Bitcoin Strategy ETF
BITO
$1.42B
| $20.3M | ﹤0.01% |
944,266
+933,228
| +8,455% | +$19.2M |
|
1995
PUT
Wheaton Precious Metals
WPM
$61B
| $20.3M | ﹤0.01% |
225,900
-188,600
| -46% | -$15.9M |
|
1996
CALL
ProShares Ultra Gold
UGL
$801M
| $20.2M | ﹤0.01% |
582,800
+236,800
| +68% | +$8.22M |
|
|
PARA
1997
CALL
DELISTED
Paramount Global Class B
PARA
| $20.2M | ﹤0.01% |
1,565,800
-105,300
| -6% | -$1.23M |
|
1998
CALL
Freshpet
FRPT
$3.5B
| $20.2M | ﹤0.01% |
297,100
+149,000
| +101% | +$11.6M |
|
1999
CALL
Qualys
QLYS
$6.44B
| $20.2M | ﹤0.01% |
141,200
+93,600
| +197% | +$12.4M |
|
2000
CALL
Woodward
WWD
$21.9B
| $20.2M | ﹤0.01% |
82,300
+300
| +0.4% | +$61.4K |
|
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.