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 | |
|---|---|---|---|---|---|---|
2051
CALL
American Superconductor
AMSC
$1.55B
| $19.3M | ﹤0.01% |
525,500
+283,900
| +118% | +$6.98M |
|
2052
State Street
STT
$52.7B
| $19.3M | ﹤0.01% |
181,110
+94,050
| +108% | +$8.7M |
|
2053
PUT
Vulcan Materials
VMC
$36.5B
| $19.2M | ﹤0.01% |
73,800
+54,500
| +282% | +$14M |
|
2054
CALL
Capri Holdings
CPRI
$1.74B
| $19.2M | ﹤0.01% |
1,086,600
-1,078,400
| -50% | -$17.8M |
|
|
TIGR
2055
UP Fintech Holding
TIGR
$822M
| $19.1M | ﹤0.01% |
1,982,850
+171,182
| +9% | +$1.43M |
|
2056
PUT
Blue Owl Capital
OWL
$19.1B
| $19.1M | ﹤0.01% |
995,500
+125,100
| +14% | +$2.31M |
|
2057
PUT
Kohl's
KSS
$2.18B
| $19.1M | ﹤0.01% |
2,253,800
-613,200
| -21% | -$4.71M |
|
2058
Toll Brothers
TOL
$13.9B
| $19.1M | ﹤0.01% |
167,336
+102,746
| +159% | +$10.7M |
|
2059
PUT
iShares Gold Trust
IAU
$64.9B
| $19M | ﹤0.01% |
305,400
+67,500
| +28% | +$4.18M |
|
2060
CALL
Starwood Property Trust
STWD
$6.03B
| $19M | ﹤0.01% |
948,200
-46,000
| -5% | -$894K |
|
2061
PUT
Elastic
ESTC
$9.01B
| $19M | ﹤0.01% |
225,400
+65,700
| +41% | +$5.55M |
|
2062
CALL
Stellantis
STLA
$20.2B
| $19M | ﹤0.01% |
1,894,600
+122,300
| +7% | +$1.21M |
|
2063
Peloton Interactive
PTON
$2.47B
| $19M | ﹤0.01% |
2,737,003
+1,305,722
| +91% | +$8.48M |
|
2064
Goldman Sachs Equal Weight US Large Cap Equity ETF
GSEW
$2.08B
| $19M | ﹤0.01% |
232,469
+216,239
| +1,332% | +$16.6M |
|
2065
PUT
Archer Daniels Midland
ADM
$38.8B
| $18.9M | ﹤0.01% |
358,200
-190,900
| -35% | -$9.29M |
|
2066
CALL
ProShares Ultra S&P500
SSO
$8.47B
| $18.9M | ﹤0.01% |
386,600
+64,400
| +20% | +$2.72M |
|
|
2067
PUT
Starwood Property Trust
STWD
$6.03B
| $18.9M | ﹤0.01% |
941,000
+498,500
| +113% | +$9.69M |
|
2068
CALL
Motorola Solutions
MSI
$77.2B
| $18.9M | ﹤0.01% |
44,900
-12,700
| -22% | -$5.31M |
|
2069
CALL
W.P. Carey
WPC
$16.3B
| $18.9M | ﹤0.01% |
302,600
-115,600
| -28% | -$7.12M |
|
2070
PUT
VanEck Pharmaceutical ETF
PPH
$985M
| $18.9M | ﹤0.01% |
214,400
-114,500
| -35% | -$9.93M |
|
2071
CALL
BellRing Brands
BRBR
$1.25B
| $18.8M | ﹤0.01% |
324,600
+316,500
| +3,907% | +$21.1M |
|
2072
The Ensign Group
ENSG
$10.6B
| $18.8M | ﹤0.01% |
121,879
+7,707
| +7% | +$1.08M |
|
2073
SS&C Technologies
SSNC
$19.1B
| $18.8M | ﹤0.01% |
226,867
-37,090
| -14% | -$2.92M |
|
2074
PUT
iShares MSCI Japan ETF
EWJ
$23.2B
| $18.8M | ﹤0.01% |
250,500
-694,400
| -73% | -$49.4M |
|
2075
Builders FirstSource
BLDR
$7.8B
| $18.8M | ﹤0.01% |
160,925
+106,812
| +197% | +$12.3M |
|
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.