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 | |
|---|---|---|---|---|---|---|
2126
CALL
Gold Fields
GFI
$36B
| $17.8M | ﹤0.01% |
752,500
+263,200
| +54% | +$6.05M |
|
2127
Markel Group
MKL
$22.9B
| $17.7M | ﹤0.01% |
8,886
+1,304
| +17% | +$2.45M |
|
2128
PUT
Rocket Companies
RKT
$41.8B
| $17.7M | ﹤0.01% |
1,250,600
+575,400
| +85% | +$7.46M |
|
2129
CALL
Clean Harbors
CLH
$17B
| $17.7M | ﹤0.01% |
76,700
+16,700
| +28% | +$3.66M |
|
2130
Northrop Grumman
NOC
$83.2B
| $17.7M | ﹤0.01% |
35,451
+14,410
| +68% | +$7.08M |
|
2131
CALL
Bath & Body Works
BBWI
$3.91B
| $17.7M | ﹤0.01% |
591,300
+220,800
| +60% | +$6.46M |
|
2132
CALL
Arbor Realty Trust
ABR
$950M
| $17.7M | ﹤0.01% |
1,655,400
-360,200
| -18% | -$3.79M |
|
2133
Chewy
CHWY
$9.18B
| $17.7M | ﹤0.01% |
415,062
+126,614
| +44% | +$5.04M |
|
2134
PUT
Fastenal
FAST
$58.5B
| $17.6M | ﹤0.01% |
420,000
-150,200
| -26% | -$6.09M |
|
2135
PUT
Herc Holdings
HRI
$5.8B
| $17.6M | ﹤0.01% |
133,700
+79,900
| +149% | +$9.7M |
|
2136
PUT
Sony
SONY
$142B
| $17.6M | ﹤0.01% |
676,100
+53,400
| +9% | +$1.34M |
|
2137
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$196M
| $17.6M | ﹤0.01% |
148,320
-8,640
| -6% | -$1.32M |
|
2138
ProShares UltraPro QQQ
TQQQ
$38.5B
| $17.6M | ﹤0.01% |
423,822
-890,758
| -68% | -$28.2M |
|
2139
PUT
Citizens Financial Group
CFG
$31.5B
| $17.6M | ﹤0.01% |
393,000
-270,000
| -41% | -$10.6M |
|
2140
PUT
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$228M
| $17.6M | ﹤0.01% |
443,800
+8,900
| +2% | +$335K |
|
2141
PUT
Alaska Air
ALK
$5.13B
| $17.6M | ﹤0.01% |
355,100
-21,100
| -6% | -$1.03M |
|
2142
CALL
Fabrinet
FN
$20.4B
| $17.5M | ﹤0.01% |
59,500
+35,400
| +147% | +$7.89M |
|
2143
CALL
Penumbra
PEN
$12.9B
| $17.5M | ﹤0.01% |
68,300
-5,800
| -8% | -$1.58M |
|
2144
PUT
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $17.5M | ﹤0.01% |
571,200
+237,600
| +71% | +$7.15M |
|
2145
CALL
Modine Manufacturing
MOD
$11.1B
| $17.5M | ﹤0.01% |
177,600
+40,300
| +29% | +$3.6M |
|
2146
iShares MSCI Mexico ETF
EWW
$1.86B
| $17.5M | ﹤0.01% |
288,775
+135,643
| +89% | +$7.81M |
|
2147
PUT
Exelixis
EXEL
$12.7B
| $17.5M | ﹤0.01% |
396,200
+86,400
| +28% | +$3.45M |
|
2148
SSR Mining
SSRM
$6.56B
| $17.5M | ﹤0.01% |
1,370,373
+125,965
| +10% | +$1.42M |
|
2149
CALL
Sibanye-Stillwater
SBSW
$7.62B
| $17.5M | ﹤0.01% |
2,417,000
+1,302,300
| +117% | +$7.12M |
|
2150
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.76B
| $17.4M | ﹤0.01% |
+211,069
| New | +$16.6M |
|
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.