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 | |
|---|---|---|---|---|---|---|
2326
Fortinet
FTNT
$117B
| $15.2M | ﹤0.01% |
143,764
+21,466
| +18% | +$2.17M |
|
2327
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.36B
| $15.2M | ﹤0.01% |
87,475
+12,695
| +17% | +$1.79M |
|
2328
Tenet Healthcare
THC
$21.6B
| $15.2M | ﹤0.01% |
86,204
+35,178
| +69% | +$5.3M |
|
2329
CALL
Boot Barn
BOOT
$4.95B
| $15.2M | ﹤0.01% |
99,700
-37,600
| -27% | -$4.99M |
|
2330
CALL
Delek US
DK
$4.01B
| $15.2M | ﹤0.01% |
715,400
+416,900
| +140% | +$7.01M |
|
2331
Duke Energy
DUK
$96.6B
| $15.1M | ﹤0.01% |
128,382
+59,894
| +87% | +$7.07M |
|
2332
CALL
Qorvo
QRVO
$8.66B
| $15.1M | ﹤0.01% |
177,800
-22,300
| -11% | -$1.61M |
|
2333
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $15.1M | ﹤0.01% |
181,999
-279,313
| -61% | -$22.3M |
|
2334
CALL
RB Global
RBA
$15.6B
| $15.1M | ﹤0.01% |
142,000
+61,200
| +76% | +$6.27M |
|
2335
CALL
iShares MSCI Taiwan ETF
EWT
$11.5B
| $15.1M | ﹤0.01% |
262,600
+217,100
| +477% | +$11.1M |
|
2336
Annaly Capital Management
NLY
$17.6B
| $15.1M | ﹤0.01% |
800,517
+702,881
| +720% | +$13.4M |
|
2337
CALL
FIVE9
FIVN
$2.47B
| $15M | ﹤0.01% |
567,800
+166,000
| +41% | +$4.32M |
|
2338
Medtronic
MDT
$117B
| $15M | ﹤0.01% |
172,365
+69,694
| +68% | +$5.91M |
|
2339
CALL
Zebra Technologies
ZBRA
$17.8B
| $15M | ﹤0.01% |
48,700
+23,800
| +96% | +$6.46M |
|
2340
CALL
Comfort Systems
FIX
$62.4B
| $15M | ﹤0.01% |
28,000
-4,000
| -13% | -$1.74M |
|
2341
CALL
ArcelorMittal
MT
$55.7B
| $15M | ﹤0.01% |
475,100
-133,200
| -22% | -$3.94M |
|
2342
Banco Macro
BMA
$4.96B
| $15M | ﹤0.01% |
213,240
+174,747
| +454% | +$14.4M |
|
2343
CALL
Texas Roadhouse
TXRH
$13.6B
| $15M | ﹤0.01% |
79,800
-71,100
| -47% | -$12.8M |
|
2344
CALL
Pentair
PNR
$10.6B
| $14.9M | ﹤0.01% |
145,500
+100,400
| +223% | +$9.37M |
|
2345
PUT
SentinelOne
S
$7.92B
| $14.9M | ﹤0.01% |
815,500
+51,500
| +7% | +$942K |
|
2346
iShares MSCI EAFE Growth ETF
EFG
$17.3B
| $14.9M | ﹤0.01% |
+132,898
| New | +$14M |
|
2347
CALL
Kyndryl
KD
$2.87B
| $14.9M | ﹤0.01% |
354,300
-87,100
| -20% | -$3.15M |
|
|
TPC
2348
CALL
Tutor Perini Cor
TPC
$5.09B
| $14.9M | ﹤0.01% |
317,600
+174,000
| +121% | +$5.54M |
|
2349
CALL
EPAM Systems
EPAM
$5.18B
| $14.9M | ﹤0.01% |
84,000
-55,200
| -40% | -$9.23M |
|
2350
CALL
OneMain Financial
OMF
$7.56B
| $14.8M | ﹤0.01% |
260,500
+92,400
| +55% | +$4.61M |
|
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.