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 | |
|---|---|---|---|---|---|---|
2201
CALL
Ball Corp
BALL
$16.4B
| $16.6M | ﹤0.01% |
296,500
+116,600
| +65% | +$6.09M |
|
2202
PUT
Sprott Uranium Miners ETF
URNM
$2B
| $16.6M | ﹤0.01% |
346,900
-145,800
| -30% | -$5.53M |
|
2203
CALL
Jazz Pharmaceuticals
JAZZ
$15.9B
| $16.6M | ﹤0.01% |
156,600
+46,400
| +42% | +$5.04M |
|
2204
Ocular Therapeutix
OCUL
$2.2B
| $16.6M | ﹤0.01% |
1,788,603
+1,349,159
| +307% | +$10.6M |
|
2205
Burlington
BURL
$21.9B
| $16.6M | ﹤0.01% |
71,347
-1,141
| -2% | -$271K |
|
2206
PUT
Ciena
CIEN
$60.7B
| $16.6M | ﹤0.01% |
203,800
-63,100
| -24% | -$4.53M |
|
2207
PUT
Omega Healthcare
OHI
$14.1B
| $16.6M | ﹤0.01% |
452,200
+298,000
| +193% | +$11.1M |
|
2208
Avis
CAR
$4.87B
| $16.6M | ﹤0.01% |
97,968
+59,420
| +154% | +$6.4M |
|
2209
CALL
Zions Bancorporation
ZION
$10.5B
| $16.6M | ﹤0.01% |
318,800
+15,700
| +5% | +$737K |
|
2210
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $16.6M | ﹤0.01% |
178,700
+60,700
| +51% | +$5.46M |
|
2211
PUT
M&T Bank
MTB
$36.7B
| $16.5M | ﹤0.01% |
85,300
+700
| +0.8% | +$124K |
|
2212
PUT
Nektar Therapeutics
NKTR
$2.47B
| $16.5M | ﹤0.01% |
640,300
+638,467
| +34,832% | +$7.17M |
|
2213
Uranium Energy
UEC
$5.55B
| $16.5M | ﹤0.01% |
2,429,384
+1,716,022
| +241% | +$9.62M |
|
2214
SentinelOne
S
$7.92B
| $16.5M | ﹤0.01% |
902,979
+466,330
| +107% | +$8.53M |
|
2215
CALL
Watsco Inc
WSO
$12.9B
| $16.5M | ﹤0.01% |
37,300
+3,500
| +10% | +$1.62M |
|
2216
PUT
Maplebear
CART
$11.3B
| $16.5M | ﹤0.01% |
364,000
-69,200
| -16% | -$3.01M |
|
2217
Veracyte
VCYT
$3.32B
| $16.5M | ﹤0.01% |
608,845
+72,441
| +14% | +$2.1M |
|
|
ESGR
2218
CALL
DELISTED
Enstar Group
ESGR
| $16.4M | ﹤0.01% |
48,900
+1,500
| +3% | +$502K |
|
2219
CALL
Franklin Resources
BEN
$17.2B
| $16.4M | ﹤0.01% |
688,700
+4,500
| +0.7% | +$92.7K |
|
2220
Wingstop
WING
$3.44B
| $16.4M | ﹤0.01% |
48,776
-7,347
| -13% | -$2.17M |
|
2221
PUT
BioMarin Pharmaceuticals
BMRN
$13B
| $16.4M | ﹤0.01% |
298,700
-6,300
| -2% | -$371K |
|
2222
PUT
Krystal Biotech
KRYS
$9.83B
| $16.4M | ﹤0.01% |
119,400
+91,600
| +329% | +$13.5M |
|
2223
Bunge Global
BG
$21.8B
| $16.4M | ﹤0.01% |
204,208
-24,206
| -11% | -$1.91M |
|
2224
PUT
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.39B
| $16.4M | ﹤0.01% |
96,900
+200
| +0.2% | +$29.5K |
|
2225
PUT
Verisk Analytics
VRSK
$23.6B
| $16.4M | ﹤0.01% |
52,600
+21,100
| +67% | +$6.4M |
|
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.