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 | |
|---|---|---|---|---|---|---|
2076
Digital Realty Trust
DLR
$74.1B
| $18.8M | ﹤0.01% |
107,665
+83,324
| +342% | +$13.6M |
|
2077
SiriusXM
SIRI
$9.59B
| $18.7M | ﹤0.01% |
816,082
+372,760
| +84% | +$8.02M |
|
2078
PUT
Saia
SAIA
$10.3B
| $18.7M | ﹤0.01% |
68,300
+40,900
| +149% | +$11.7M |
|
2079
Cleveland-Cliffs
CLF
$6.79B
| $18.7M | ﹤0.01% |
2,462,303
-1,337,426
| -35% | -$9.94M |
|
2080
CALL
Deutsche Bank
DB
$72.5B
| $18.7M | ﹤0.01% |
639,100
-340,800
| -35% | -$9M |
|
2081
CALL
Direxion Daily FTSE China Bear 3X ETF
YANG
$99.1M
| $18.7M | ﹤0.01% |
610,500
-339,600
| -36% | -$13.1M |
|
2082
CALL
National Grid
NGG
$81.5B
| $18.7M | ﹤0.01% |
254,705
+232,781
| +1,062% | +$16M |
|
2083
PUT
Charles River Laboratories
CRL
$13.4B
| $18.7M | ﹤0.01% |
123,100
+14,500
| +13% | +$1.93M |
|
|
GRAL
2084
PUT
GRAIL Inc
GRAL
$3.03B
| $18.6M | ﹤0.01% |
362,200
+197,600
| +120% | +$7.15M |
|
2085
iShares Russell 2000 Value ETF
IWN
$14.7B
| $18.6M | ﹤0.01% |
118,026
+37,701
| +47% | +$5.61M |
|
2086
CALL
J.M. Smucker
SJM
$13B
| $18.6M | ﹤0.01% |
189,600
+60,600
| +47% | +$6.66M |
|
|
VG
2087
CALL
Venture Global Inc
VG
$35B
| $18.6M | ﹤0.01% |
1,195,000
+784,900
| +191% | +$9.08M |
|
2088
CALL
Axsome Therapeutics
AXSM
$11.2B
| $18.6M | ﹤0.01% |
178,300
-126,000
| -41% | -$13.3M |
|
2089
iShares Russell 1000 ETF
IWB
$50.4B
| $18.6M | ﹤0.01% |
54,769
+52,745
| +2,606% | +$16.6M |
|
2090
CALL
Keysight
KEYS
$61.1B
| $18.6M | ﹤0.01% |
113,400
+31,400
| +38% | +$4.79M |
|
2091
Airbnb
ABNB
$110B
| $18.6M | ﹤0.01% |
140,338
+63,193
| +82% | +$8M |
|
2092
Zeta Global
ZETA
$7.29B
| $18.6M | ﹤0.01% |
1,198,928
+871,930
| +267% | +$11.6M |
|
2093
CALL
Public Service Enterprise Group
PEG
$37.9B
| $18.6M | ﹤0.01% |
220,600
-23,000
| -9% | -$1.85M |
|
|
AEVA
2094
CALL
Aeva Technologies
AEVA
$1.62B
| $18.5M | ﹤0.01% |
490,000
+431,400
| +736% | +$6.56M |
|
|
FL
2095
CALL
DELISTED
Foot Locker
FL
| $18.5M | ﹤0.01% |
755,500
+307,200
| +69% | +$5.58M |
|
2096
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $18.5M | ﹤0.01% |
77,000
+58,800
| +323% | +$12.8M |
|
2097
CALL
Lincoln National
LNC
$8.7B
| $18.5M | ﹤0.01% |
533,800
+33,700
| +7% | +$1.1M |
|
2098
PUT
Aptiv
APTV
$10.3B
| $18.4M | ﹤0.01% |
270,400
+18,400
| +7% | +$1.14M |
|
2099
CALL
Invesco Solar ETF
TAN
$1.36B
| $18.4M | ﹤0.01% |
537,600
+193,500
| +56% | +$6.08M |
|
2100
CALL
Ultragenyx Pharmaceutical
RARE
$2.61B
| $18.4M | ﹤0.01% |
505,500
+394,800
| +357% | +$14.2M |
|
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.