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 | |
|---|---|---|---|---|---|---|
2376
PUT
ADMA Biologics
ADMA
$2.12B
| $14.5M | ﹤0.01% |
798,700
+345,300
| +76% | +$7.04M |
|
|
CIVI
2377
DELISTED
Civitas Resources
CIVI
| $14.5M | ﹤0.01% |
528,327
+436,634
| +476% | +$12.6M |
|
2378
CALL
Western Midstream Partners
WES
$20.2B
| $14.5M | ﹤0.01% |
375,400
+266,100
| +243% | +$10.1M |
|
|
CTRA
2379
DELISTED
Coterra Energy
CTRA
| $14.5M | ﹤0.01% |
572,172
+186,183
| +48% | +$4.72M |
|
2380
Dover
DOV
$27.9B
| $14.5M | ﹤0.01% |
79,164
+28,014
| +55% | +$4.87M |
|
2381
CALL
Neurocrine Biosciences
NBIX
$15.5B
| $14.5M | ﹤0.01% |
115,300
+10,800
| +10% | +$1.24M |
|
2382
CALL
CBRE Group
CBRE
$44.3B
| $14.5M | ﹤0.01% |
103,400
-43,900
| -30% | -$5.55M |
|
2383
Wayfair
W
$13.9B
| $14.5M | ﹤0.01% |
283,197
-49,502
| -15% | -$1.85M |
|
2384
Xcel Energy
XEL
$49.5B
| $14.5M | ﹤0.01% |
212,491
+139,430
| +191% | +$9.67M |
|
2385
Dominion Energy
D
$60.5B
| $14.5M | ﹤0.01% |
255,887
+43,338
| +20% | +$2.37M |
|
2386
PUT
Plains All American Pipeline
PAA
$16.9B
| $14.5M | ﹤0.01% |
789,100
+151,500
| +24% | +$2.64M |
|
2387
CALL
Warner Music
WMG
$13.4B
| $14.4M | ﹤0.01% |
530,200
-310,100
| -37% | -$8.65M |
|
2388
PUT
Diageo
DEO
$53.1B
| $14.4M | ﹤0.01% |
143,000
-58,700
| -29% | -$6.37M |
|
2389
PUT
Repligen
RGEN
$9.42B
| $14.4M | ﹤0.01% |
115,900
-12,900
| -10% | -$1.64M |
|
2390
CALL
IES Holdings
IESC
$15.1B
| $14.4M | ﹤0.01% |
48,500
-4,300
| -8% | -$1.01M |
|
2391
CALL
HEICO Corp
HEI
$52.4B
| $14.4M | ﹤0.01% |
43,800
-40,200
| -48% | -$11.1M |
|
2392
PUT
Madison Square Garden
MSGS
$9.8B
| $14.4M | ﹤0.01% |
68,700
+15,700
| +30% | +$3.02M |
|
2393
CALL
HealthEquity
HQY
$8.76B
| $14.4M | ﹤0.01% |
137,000
+118,600
| +645% | +$11.2M |
|
2394
Rockwell Automation
ROK
$49.9B
| $14.3M | ﹤0.01% |
43,167
+33,482
| +346% | +$9.54M |
|
2395
PUT
Brighthouse Financial
BHF
$3.37B
| $14.3M | ﹤0.01% |
266,400
+232,900
| +695% | +$13.1M |
|
2396
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$342M
| $14.3M | ﹤0.01% |
131,400
+112,400
| +592% | +$11.8M |
|
2397
PUT
Brookfield
BN
$107B
| $14.3M | ﹤0.01% |
346,500
+172,950
| +100% | +$6.41M |
|
2398
Itaú Unibanco
ITUB
$81.6B
| $14.3M | ﹤0.01% |
2,165,428
+524,020
| +32% | +$3.19M |
|
2399
CALL
Packaging Corp of America
PKG
$22.8B
| $14.3M | ﹤0.01% |
75,700
+12,100
| +19% | +$2.29M |
|
2400
Nucor
NUE
$61B
| $14.2M | ﹤0.01% |
109,878
+52,429
| +91% | +$6.13M |
|
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.