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 | |
|---|---|---|---|---|---|---|
2101
CALL
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.9B
| $18.3M | ﹤0.01% |
250,500
+91,000
| +57% | +$6M |
|
2102
CALL
Ouster
OUST
$3.51B
| $18.3M | ﹤0.01% |
754,900
+322,700
| +75% | +$3.92M |
|
|
P
2103
PUT
Everpure Inc
P
$39.3B
| $18.3M | ﹤0.01% |
317,600
+105,000
| +49% | +$5.22M |
|
2104
NRG Energy
NRG
$26.5B
| $18.3M | ﹤0.01% |
113,817
-41,933
| -27% | -$5.53M |
|
2105
CALL
Vanguard Morningstar Value ETF
VTV
$194B
| $18.3M | ﹤0.01% |
103,400
+2,600
| +3% | +$439K |
|
2106
CALL
Jacobs Solutions
J
$16.9B
| $18.3M | ﹤0.01% |
138,900
+67,291
| +94% | +$8.3M |
|
2107
CALL
Signet Jewelers
SIG
$3.52B
| $18.3M | ﹤0.01% |
229,500
-43,300
| -16% | -$2.88M |
|
2108
CALL
Alaska Air
ALK
$5.13B
| $18.2M | ﹤0.01% |
368,700
-869,000
| -70% | -$42.2M |
|
|
ETOR
2109
CALL
eToro Group
ETOR
$2.27B
| $18.2M | ﹤0.01% |
+273,000
| New | +$17.6M |
|
2110
PUT
Hyatt Hotels
H
$17.1B
| $18.1M | ﹤0.01% |
129,900
-2,700
| -2% | -$337K |
|
2111
PUT
XP
XP
$8.17B
| $18.1M | ﹤0.01% |
897,500
-1,800,800
| -67% | -$31.1M |
|
2112
Kinder Morgan
KMI
$73.1B
| $18.1M | ﹤0.01% |
615,867
+197,637
| +47% | +$5.42M |
|
2113
KE Holdings
BEKE
$18.8B
| $18.1M | ﹤0.01% |
1,020,593
-368,901
| -27% | -$7.1M |
|
2114
PUT
Mettler-Toledo International
MTD
$28.4B
| $18.1M | ﹤0.01% |
15,400
+2,500
| +19% | +$2.79M |
|
|
WCN
2115
PUT
Waste Connections
WCN
$41.8B
| $18.1M | ﹤0.01% |
96,800
-71,500
| -42% | -$13.8M |
|
|
VRNT
2116
DELISTED
Verint Systems
VRNT
| $18.1M | ﹤0.01% |
918,368
+748,983
| +442% | +$13.1M |
|
2117
CALL
Sportradar
SRAD
$4.09B
| $18M | ﹤0.01% |
642,300
+452,300
| +238% | +$10.7M |
|
2118
HCA Healthcare
HCA
$87.6B
| $18M | ﹤0.01% |
47,007
+13,095
| +39% | +$4.72M |
|
|
ETHA
2119
iShares Ethereum Trust ETF
ETHA
$5.54B
| $17.9M | ﹤0.01% |
939,054
+469,141
| +100% | +$7.8M |
|
2120
Solventum
SOLV
$15.1B
| $17.9M | ﹤0.01% |
236,098
+165,529
| +235% | +$11.7M |
|
2121
CALL
HF Sinclair
DINO
$16.7B
| $17.9M | ﹤0.01% |
435,100
+240,600
| +124% | +$8.28M |
|
2122
CALL
Stride
LRN
$3.46B
| $17.9M | ﹤0.01% |
123,000
+43,900
| +55% | +$6.35M |
|
2123
CALL
Cincinnati Financial
CINF
$26.6B
| $17.8M | ﹤0.01% |
119,800
-2,700
| -2% | -$387K |
|
|
CDTX
2124
PUT
DELISTED
Cidara Therapeutics
CDTX
| $17.8M | ﹤0.01% |
+366,200
| New | +$8.8M |
|
2125
Teladoc Health
TDOC
$1.24B
| $17.8M | ﹤0.01% |
2,046,273
+1,292,854
| +172% | +$9.37M |
|
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.