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 | |
|---|---|---|---|---|---|---|
2251
CALL
MKS Inc
MKSI
$21B
| $16.1M | ﹤0.01% |
162,400
+5,600
| +4% | +$455K |
|
2252
Southwest Airlines
LUV
$21.7B
| $16.1M | ﹤0.01% |
497,209
+115,811
| +30% | +$3.49M |
|
2253
CALL
Peabody Energy
BTU
$3.11B
| $16.1M | ﹤0.01% |
1,201,300
-379,200
| -24% | -$5M |
|
2254
CALL
Royalty Pharma
RPRX
$26.1B
| $16.1M | ﹤0.01% |
447,300
-105,100
| -19% | -$3.48M |
|
2255
CALL
Charles River Laboratories
CRL
$13.4B
| $16.1M | ﹤0.01% |
106,200
+71,400
| +205% | +$9.52M |
|
2256
CALL
Antero Midstream
AM
$10.7B
| $16.1M | ﹤0.01% |
850,000
+147,100
| +21% | +$2.63M |
|
2257
PUT
Vital Farms
VITL
$468M
| $16.1M | ﹤0.01% |
417,900
+187,600
| +81% | +$6.33M |
|
2258
CALL
Urban Outfitters
URBN
$6.66B
| $16.1M | ﹤0.01% |
221,800
+112,000
| +102% | +$6.73M |
|
2259
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$140M
| $16.1M | ﹤0.01% |
334,843
-264,806
| -44% | -$15.6M |
|
2260
CALL
SBA Communications
SBAC
$19.6B
| $16.1M | ﹤0.01% |
68,500
-36,300
| -35% | -$8.31M |
|
2261
RUM Group Inc
RUM
$3.7B
| $16.1M | ﹤0.01% |
1,790,929
+798,181
| +80% | +$6.82M |
|
2262
PUT
Roper Technologies
ROP
$39.5B
| $16M | ﹤0.01% |
28,300
-1,700
| -6% | -$961K |
|
2263
WIX.com
WIX
$3.1B
| $16M | ﹤0.01% |
101,052
-97,840
| -49% | -$15.8M |
|
2264
Southern Company
SO
$107B
| $16M | ﹤0.01% |
174,085
+91,098
| +110% | +$8.18M |
|
2265
CALL
Aecom
ACM
$8.12B
| $16M | ﹤0.01% |
141,600
-10,000
| -7% | -$1.04M |
|
2266
PUT
Vail Resorts
MTN
$5.28B
| $15.9M | ﹤0.01% |
101,500
-17,100
| -14% | -$2.54M |
|
2267
CALL
Invesco KBW Bank ETF
KBWB
$6.87B
| $15.9M | ﹤0.01% |
222,400
+115,100
| +107% | +$7.3M |
|
2268
Kroger
KR
$34.7B
| $15.9M | ﹤0.01% |
221,983
+167,934
| +311% | +$11.6M |
|
2269
PUT
Zimmer Biomet
ZBH
$19.2B
| $15.9M | ﹤0.01% |
174,400
+72,500
| +71% | +$7.01M |
|
|
K
2270
DELISTED
Kellanova
K
| $15.9M | ﹤0.01% |
199,860
+129,892
| +186% | +$10.6M |
|
2271
CALL
Logitech
LOGI
$14.8B
| $15.9M | ﹤0.01% |
176,000
+43,100
| +32% | +$3.5M |
|
2272
CALL
ProShares UltraShort Gold
GLL
$104M
| $15.8M | ﹤0.01% |
+355,850
| New | +$16.2M |
|
|
2273
Royalty Pharma
RPRX
$26.1B
| $15.8M | ﹤0.01% |
439,392
-932,234
| -68% | -$30.9M |
|
2274
Energy Fuels
UUUU
$3.77B
| $15.8M | ﹤0.01% |
2,752,674
+1,312,554
| +91% | +$6.3M |
|
2275
StoneCo
STNE
$2.32B
| $15.8M | ﹤0.01% |
986,461
+391,548
| +66% | +$5.22M |
|
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.