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 | |
|---|---|---|---|---|---|---|
2351
PUT
Zeta Global
ZETA
$7.29B
| $14.8M | ﹤0.01% |
957,500
+484,000
| +102% | +$6.43M |
|
2352
CALL
iShares S&P 500 Growth ETF
IVW
$77.6B
| $14.8M | ﹤0.01% |
134,700
+12,200
| +10% | +$1.21M |
|
2353
PUT
West Pharmaceutical
WST
$24.6B
| $14.8M | ﹤0.01% |
67,700
-21,400
| -24% | -$4.57M |
|
2354
Archer Daniels Midland
ADM
$38.8B
| $14.8M | ﹤0.01% |
280,367
-17,599
| -6% | -$856K |
|
2355
AeroVironment
AVAV
$9.76B
| $14.8M | ﹤0.01% |
51,850
-36,187
| -41% | -$6.13M |
|
2356
PUT
Group 1 Automotive
GPI
$3.15B
| $14.8M | ﹤0.01% |
33,800
-6,500
| -16% | -$2.73M |
|
2357
BigBear.ai
BBAI
$1.57B
| $14.7M | ﹤0.01% |
2,170,570
+343,465
| +19% | +$1.24M |
|
2358
CALL
Ovintiv
OVV
$17.4B
| $14.7M | ﹤0.01% |
386,600
+116,100
| +43% | +$4.26M |
|
|
CWAN
2359
CALL
DELISTED
Clearwater Analytics
CWAN
| $14.7M | ﹤0.01% |
670,600
+422,300
| +170% | +$9.72M |
|
2360
PUT
Vanguard World Funds Extended Duration ETF
EDV
$3.45B
| $14.7M | ﹤0.01% |
218,300
+16,300
| +8% | +$1.08M |
|
2361
Global E Online
GLBE
$7.12B
| $14.7M | ﹤0.01% |
437,968
+83,731
| +24% | +$2.83M |
|
2362
CALL
Valaris
VAL
$5.95B
| $14.7M | ﹤0.01% |
348,800
+82,100
| +31% | +$3.09M |
|
2363
PUT
F5
FFIV
$22.8B
| $14.7M | ﹤0.01% |
49,900
-7,000
| -12% | -$1.93M |
|
|
2364
CALL
Vanguard World Funds Extended Duration ETF
EDV
$3.45B
| $14.7M | ﹤0.01% |
218,200
-20,900
| -9% | -$1.38M |
|
2365
Rocket Lab Corp
RKLB
$51.3B
| $14.7M | ﹤0.01% |
410,316
-648,515
| -61% | -$15.9M |
|
2366
PUT
BILL Holdings
BILL
$4.96B
| $14.7M | ﹤0.01% |
317,200
-427,700
| -57% | -$18.9M |
|
2367
CALL
Elastic
ESTC
$9.01B
| $14.7M | ﹤0.01% |
173,800
-13,800
| -7% | -$1.17M |
|
2368
PUT
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $14.6M | ﹤0.01% |
193,700
-54,500
| -22% | -$3.74M |
|
2369
Ball Corp
BALL
$16.4B
| $14.6M | ﹤0.01% |
260,953
+171,278
| +191% | +$8.95M |
|
2370
Lazard
LAZ
$4.35B
| $14.6M | ﹤0.01% |
304,968
+72,269
| +31% | +$3.02M |
|
2371
PUT
Tidewater
TDW
$4.69B
| $14.6M | ﹤0.01% |
316,400
+23,100
| +8% | +$936K |
|
2372
PUT
VICI Properties
VICI
$29B
| $14.6M | ﹤0.01% |
447,500
-70,100
| -14% | -$2.23M |
|
2373
PUT
Yum China
YUMC
$16.3B
| $14.6M | ﹤0.01% |
325,800
+105,500
| +48% | +$4.72M |
|
2374
PUT
Global X Uranium ETF
URA
$6.27B
| $14.6M | ﹤0.01% |
375,200
-612,500
| -62% | -$17.8M |
|
2375
PUT
Celanese
CE
$5.01B
| $14.6M | ﹤0.01% |
263,100
-61,600
| -19% | -$3.07M |
|
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.