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 | |
|---|---|---|---|---|---|---|
2176
Allstate
ALL
$66.1B
| $17M | ﹤0.01% |
84,318
+49,815
| +144% | +$9.94M |
|
2177
B2Gold
BTG
$6.79B
| $17M | ﹤0.01% |
4,698,214
+1,674,609
| +55% | +$5.5M |
|
2178
PUT
Joby Aviation
JOBY
$7.83B
| $17M | ﹤0.01% |
1,607,000
-173,100
| -10% | -$1.25M |
|
2179
CALL
ADMA Biologics
ADMA
$2.12B
| $16.9M | ﹤0.01% |
930,600
+109,300
| +13% | +$2.23M |
|
2180
Ormat Technologies
ORA
$7.06B
| $16.9M | ﹤0.01% |
202,081
+73,950
| +58% | +$5.53M |
|
|
JNPR
2181
CALL
DELISTED
Juniper Networks
JNPR
| $16.9M | ﹤0.01% |
423,800
-108,800
| -20% | -$3.9M |
|
2182
CALL
Vornado Realty Trust
VNO
$7.28B
| $16.9M | ﹤0.01% |
442,000
+277,100
| +168% | +$10.4M |
|
|
RDFN
2183
CALL
DELISTED
Redfin
RDFN
| $16.9M | ﹤0.01% |
1,508,900
-824,400
| -35% | -$8.09M |
|
2184
PUT
Ultragenyx Pharmaceutical
RARE
$2.61B
| $16.9M | ﹤0.01% |
463,600
+280,900
| +154% | +$10.1M |
|
2185
CALL
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $16.8M | ﹤0.01% |
240,800
+7,200
| +3% | +$473K |
|
2186
CALL
iShares Core S&P Mid-Cap ETF
IJH
$129B
| $16.8M | ﹤0.01% |
271,300
+91,300
| +51% | +$5.36M |
|
2187
CALL
MasTec
MTZ
$23.9B
| $16.8M | ﹤0.01% |
98,600
+21,200
| +27% | +$3.05M |
|
2188
CALL
XP
XP
$8.17B
| $16.8M | ﹤0.01% |
831,500
-839,500
| -50% | -$14.5M |
|
2189
United States Oil Fund
USO
$1.79B
| $16.8M | ﹤0.01% |
229,604
-228,450
| -50% | -$16M |
|
2190
CALL
uniQure
QURE
$3.37B
| $16.8M | ﹤0.01% |
1,202,200
+830,200
| +223% | +$11.2M |
|
2191
Vanguard FTSE Pacific ETF
VPL
$8.64B
| $16.7M | ﹤0.01% |
203,399
+157,203
| +340% | +$12M |
|
2192
PUT
Cinemark Holdings
CNK
$4.33B
| $16.7M | ﹤0.01% |
553,700
+143,500
| +35% | +$4.34M |
|
2193
Modine Manufacturing
MOD
$11.1B
| $16.7M | ﹤0.01% |
169,608
-90,480
| -35% | -$8.07M |
|
2194
CALL
POET Technologies
POET
$1.65B
| $16.7M | ﹤0.01% |
3,204,300
+1,006,800
| +46% | +$4.24M |
|
2195
CALL
Guidewire Software
GWRE
$14.6B
| $16.7M | ﹤0.01% |
70,900
+10,800
| +18% | +$2.32M |
|
2196
CALL
Macy's
M
$6.16B
| $16.7M | ﹤0.01% |
1,431,100
-249,100
| -15% | -$2.89M |
|
|
ANSS
2197
CALL
DELISTED
Ansys
ANSS
| $16.7M | ﹤0.01% |
47,500
+11,200
| +31% | +$3.67M |
|
2198
CALL
Sweetgreen
SG
$748M
| $16.7M | ﹤0.01% |
1,120,800
+516,900
| +86% | +$8.52M |
|
2199
CALL
Cenovus Energy
CVE
$57.2B
| $16.7M | ﹤0.01% |
1,226,200
-583,100
| -32% | -$7.57M |
|
2200
PUT
GoDaddy
GDDY
$12B
| $16.7M | ﹤0.01% |
92,600
-40,400
| -30% | -$7.25M |
|
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.