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 | |
|---|---|---|---|---|---|---|
2026
CALL
Li Auto
LI
$12B
| $19.6M | ﹤0.01% |
724,700
-1,079,400
| -60% | -$28.5M |
|
2027
PUT
Dominion Energy
D
$60.5B
| $19.6M | ﹤0.01% |
347,400
+97,500
| +39% | +$5.34M |
|
2028
FIVE9
FIVN
$2.47B
| $19.6M | ﹤0.01% |
741,310
+699,846
| +1,688% | +$18.2M |
|
2029
CALL
Sphere Entertainment
SPHR
$6.03B
| $19.6M | ﹤0.01% |
469,000
+365,000
| +351% | +$12.4M |
|
2030
LPL Financial
LPLA
$29.2B
| $19.6M | ﹤0.01% |
52,180
+674
| +1% | +$236K |
|
2031
PUT
IQVIA
IQV
$39B
| $19.5M | ﹤0.01% |
124,000
+85,200
| +220% | +$12.8M |
|
2032
Paychex
PAYX
$43.4B
| $19.5M | ﹤0.01% |
134,292
+91,982
| +217% | +$13.8M |
|
2033
McKesson
MCK
$101B
| $19.5M | ﹤0.01% |
26,644
-6,209
| -19% | -$4.38M |
|
2034
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $19.5M | ﹤0.01% |
+176,657
| New | +$19.5M |
|
2035
PUT
Grayscale Bitcoin Trust
GBTC
$9.44B
| $19.5M | ﹤0.01% |
229,800
+20,900
| +10% | +$1.63M |
|
2036
Snowflake
SNOW
$114B
| $19.5M | ﹤0.01% |
87,106
-494,186
| -85% | -$89.3M |
|
2037
CALL
Camtek
CAMT
$7.72B
| $19.5M | ﹤0.01% |
230,400
-154,900
| -40% | -$10.4M |
|
2038
CALL
Matador Resources
MTDR
$6.64B
| $19.5M | ﹤0.01% |
408,100
+145,100
| +55% | +$6.41M |
|
2039
PUT
Guidewire Software
GWRE
$14.6B
| $19.5M | ﹤0.01% |
82,700
+1,900
| +2% | +$408K |
|
2040
CALL
TripAdvisor
TRIP
$1.26B
| $19.5M | ﹤0.01% |
1,490,900
+786,400
| +112% | +$10.5M |
|
2041
BILL Holdings
BILL
$4.96B
| $19.4M | ﹤0.01% |
420,421
+56,658
| +16% | +$2.5M |
|
2042
PureCycle Technologies
PCT
$1.4B
| $19.4M | ﹤0.01% |
1,419,210
-497,783
| -26% | -$4.41M |
|
2043
CALL
Ciena
CIEN
$60.7B
| $19.4M | ﹤0.01% |
238,900
-143,200
| -37% | -$10.3M |
|
2044
PUT
Trane Technologies
TT
$106B
| $19.4M | ﹤0.01% |
44,300
+3,100
| +8% | +$1.22M |
|
2045
CALL
Paycom
PAYC
$9.83B
| $19.4M | ﹤0.01% |
83,700
+13,300
| +19% | +$3.15M |
|
2046
PUT
Logitech
LOGI
$14.8B
| $19.4M | ﹤0.01% |
214,700
+38,800
| +22% | +$3.15M |
|
2047
CALL
SLM Corp
SLM
$5.27B
| $19.3M | ﹤0.01% |
589,500
+476,200
| +420% | +$14.6M |
|
|
EH
2048
PUT
EHang Holdings
EH
$450M
| $19.3M | ﹤0.01% |
1,112,500
+357,900
| +47% | +$6.08M |
|
2049
PUT
argenx
ARGX
$53.3B
| $19.3M | ﹤0.01% |
35,000
-13,700
| -28% | -$7.95M |
|
2050
PUT
Peloton Interactive
PTON
$2.47B
| $19.3M | ﹤0.01% |
2,779,900
+1,249,900
| +82% | +$8.12M |
|
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.