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 | |
|---|---|---|---|---|---|---|
2301
CALL
GDS Holdings
GDS
$6.89B
| $15.5M | ﹤0.01% |
506,700
-11,800
| -2% | -$299K |
|
2302
CALL
GXO Logistics
GXO
$5.59B
| $15.5M | ﹤0.01% |
317,500
+244,900
| +337% | +$9.76M |
|
2303
Moody's
MCO
$84B
| $15.4M | ﹤0.01% |
30,782
+16,689
| +118% | +$7.73M |
|
2304
CALL
Global Payments
GPN
$24.6B
| $15.4M | ﹤0.01% |
192,800
-418,900
| -68% | -$33.2M |
|
|
CNR
2305
CALL
Core Natural Resources Inc
CNR
$4.76B
| $15.4M | ﹤0.01% |
221,000
-12,700
| -5% | -$903K |
|
2306
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $15.4M | ﹤0.01% |
439,300
+128,400
| +41% | +$4.65M |
|
2307
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.52B
| $15.4M | ﹤0.01% |
459,094
+177,740
| +63% | +$4.99M |
|
2308
PUT
Arch Capital
ACGL
$33.7B
| $15.4M | ﹤0.01% |
169,100
+140,200
| +485% | +$12.9M |
|
2309
GE HealthCare
GEHC
$33.3B
| $15.4M | ﹤0.01% |
207,855
+126,731
| +156% | +$8.82M |
|
2310
PUT
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $15.4M | ﹤0.01% |
371,700
+82,300
| +28% | +$3.38M |
|
2311
CALL
Comstock Resources
CRK
$4.13B
| $15.4M | ﹤0.01% |
556,300
+33,000
| +6% | +$751K |
|
2312
PUT
Rambus
RMBS
$10.9B
| $15.4M | ﹤0.01% |
240,300
+146,900
| +157% | +$7.87M |
|
2313
Cloudflare
NET
$112B
| $15.4M | ﹤0.01% |
78,510
-95,992
| -55% | -$13.9M |
|
2314
US Global Jets ETF
JETS
$824M
| $15.3M | ﹤0.01% |
668,217
+560,974
| +523% | +$11.9M |
|
2315
CALL
Hartford Financial Services
HIG
$37.8B
| $15.3M | ﹤0.01% |
120,900
-15,400
| -11% | -$1.91M |
|
|
PR
2316
CALL
Permian Resources
PR
$18B
| $15.3M | ﹤0.01% |
1,125,900
+553,100
| +97% | +$7.11M |
|
2317
CALL
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $15.3M | ﹤0.01% |
268,500
+91,100
| +51% | +$4.88M |
|
2318
PUT
Canadian Imperial Bank of Commerce
CM
$113B
| $15.3M | ﹤0.01% |
215,800
+114,200
| +112% | +$7.35M |
|
2319
CALL
Bank OZK
OZK
$5.72B
| $15.3M | ﹤0.01% |
324,600
+7,000
| +2% | +$306K |
|
2320
Middleby
MIDD
$5.33B
| $15.3M | ﹤0.01% |
105,935
+18,395
| +21% | +$2.59M |
|
2321
iShares Silver Trust
SLV
$31.5B
| $15.3M | ﹤0.01% |
464,842
-117,273
| -20% | -$3.59M |
|
2322
CALL
Equifax
EFX
$21.2B
| $15.3M | ﹤0.01% |
58,800
+22,400
| +62% | +$5.7M |
|
2323
Popular Inc
BPOP
$11.3B
| $15.2M | ﹤0.01% |
138,348
-23,973
| -15% | -$2.37M |
|
2324
PUT
Bunge Global
BG
$21.8B
| $15.2M | ﹤0.01% |
189,800
-198,600
| -51% | -$15.6M |
|
2325
PUT
Dover
DOV
$27.9B
| $15.2M | ﹤0.01% |
83,000
+54,900
| +195% | +$9.55M |
|
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.