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 | |
|---|---|---|---|---|---|---|
2226
Halliburton
HAL
$28.7B
| $16.4M | ﹤0.01% |
803,295
+179,168
| +29% | +$3.76M |
|
2227
Zoom
ZM
$31.1B
| $16.3M | ﹤0.01% |
209,643
-42,508
| -17% | -$3.29M |
|
2228
CALL
GigaCloud Technology
GCT
$1.85B
| $16.3M | ﹤0.01% |
826,100
+220,900
| +37% | +$3.53M |
|
2229
CALL
ProShares UltraPro Short Dow 30
SDOW
$186M
| $16.3M | ﹤0.01% |
394,000
+88,900
| +29% | +$4.53M |
|
2230
Match Group
MTCH
$8.71B
| $16.3M | ﹤0.01% |
528,284
+33,870
| +7% | +$1.01M |
|
2231
CALL
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
$252M
| $16.3M | ﹤0.01% |
716,900
-7,100
| -1% | -$149K |
|
2232
CALL
AMC Entertainment Holdings
AMC
$2.23B
| $16.3M | ﹤0.01% |
5,255,300
-3,252,800
| -38% | -$9.66M |
|
2233
PUT
Stride
LRN
$3.46B
| $16.3M | ﹤0.01% |
112,200
-31,500
| -22% | -$4.56M |
|
2234
Norwegian Cruise Line
NCLH
$8.73B
| $16.3M | ﹤0.01% |
802,636
+577,804
| +257% | +$10.3M |
|
2235
IonQ
IONQ
$18.7B
| $16.3M | ﹤0.01% |
378,800
+114,899
| +44% | +$3.85M |
|
2236
PUT
Icahn Enterprises
IEP
$5.27B
| $16.3M | ﹤0.01% |
2,019,100
+1,650,200
| +447% | +$14.1M |
|
|
PPL
2237
PUT
PPL Corp
PPL
$27.1B
| $16.2M | ﹤0.01% |
479,300
+87,300
| +22% | +$3.04M |
|
2238
Old Dominion Freight Line
ODFL
$43.7B
| $16.2M | ﹤0.01% |
100,078
+57,433
| +135% | +$9.16M |
|
2239
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $16.2M | ﹤0.01% |
83,100
-23,300
| -22% | -$4.34M |
|
2240
PUT
Dropbox
DBX
$7.48B
| $16.2M | ﹤0.01% |
567,300
+364,100
| +179% | +$10.3M |
|
2241
CALL
GSK
GSK
$99.2B
| $16.2M | ﹤0.01% |
422,500
-52,600
| -11% | -$2.01M |
|
2242
Recursion Pharmaceuticals
RXRX
$1.69B
| $16.2M | ﹤0.01% |
3,205,339
+1,155,728
| +56% | +$5.68M |
|
2243
PUT
Symbotic
SYM
$5.55B
| $16.2M | ﹤0.01% |
417,400
+65,200
| +19% | +$1.71M |
|
2244
PUT
Steris
STE
$22.7B
| $16.2M | ﹤0.01% |
67,500
+61,000
| +938% | +$14.2M |
|
|
BULL
2245
CALL
Webull Corp
BULL
$4.28B
| $16.2M | ﹤0.01% |
+1,355,600
| New | +$21M |
|
2246
PUT
Elanco Animal Health
ELAN
$11.8B
| $16.2M | ﹤0.01% |
1,135,300
+949,300
| +510% | +$11.1M |
|
2247
Telephone and Data Systems
TDS
$4.05B
| $16.2M | ﹤0.01% |
455,610
+139,463
| +44% | +$4.89M |
|
2248
Sempra
SRE
$56.5B
| $16.2M | ﹤0.01% |
213,781
-46,391
| -18% | -$3.44M |
|
2249
PUT
Targa Resources
TRGP
$59.1B
| $16.2M | ﹤0.01% |
93,000
+7,300
| +9% | +$1.23M |
|
2250
Grayscale Bitcoin Trust
GBTC
$9.44B
| $16.2M | ﹤0.01% |
190,657
+156,198
| +453% | +$12.1M |
|
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.