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 | |
|---|---|---|---|---|---|---|
2401
PUT
ProShares Short S&P500
SH
$841M
| $14.2M | ﹤0.01% |
358,600
+302,300
| +537% | +$13.1M |
|
2402
First Horizon
FHN
$12.4B
| $14.2M | ﹤0.01% |
670,227
+177,096
| +36% | +$3.37M |
|
|
VSXY
2403
PUT
Victoria's Secret
VSXY
$7.08B
| $14.2M | ﹤0.01% |
767,100
+214,100
| +39% | +$4.19M |
|
2404
Okta
OKTA
$25.6B
| $14.2M | ﹤0.01% |
142,058
-396,506
| -74% | -$42.3M |
|
|
AZEK
2405
DELISTED
The AZEK Co
AZEK
| $14.2M | ﹤0.01% |
260,856
-179,410
| -41% | -$8.99M |
|
2406
NIO
NIO
$11.3B
| $14.2M | ﹤0.01% |
4,132,016
-6,562,689
| -61% | -$24.5M |
|
|
NVMI
2407
CALL
Nova
NVMI
$13.3B
| $14.1M | ﹤0.01% |
51,400
-90,700
| -64% | -$18.5M |
|
2408
Valero Energy
VLO
$98.4B
| $14.1M | ﹤0.01% |
105,013
+38,499
| +58% | +$4.8M |
|
|
SNDK
2409
Sandisk
SNDK
$240B
| $14.1M | ﹤0.01% |
311,205
-35,178
| -10% | -$1.35M |
|
2410
Vanguard Morningstar Small-Cap ETF
VB
$83.6B
| $14.1M | ﹤0.01% |
59,552
-96,562
| -62% | -$21.5M |
|
2411
CALL
Seadrill
SDRL
$3B
| $14.1M | ﹤0.01% |
537,600
+527,100
| +5,020% | +$12.4M |
|
|
XIFR
2412
PUT
XPLR Infrastructure LP
XIFR
$1.11B
| $14.1M | ﹤0.01% |
1,719,700
+101,000
| +6% | +$877K |
|
2413
CALL
Ambarella
AMBA
$3.6B
| $14.1M | ﹤0.01% |
213,400
+101,600
| +91% | +$5.39M |
|
2414
PUT
Sweetgreen
SG
$748M
| $14M | ﹤0.01% |
943,400
+385,600
| +69% | +$6.36M |
|
2415
PUT
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.39B
| $14M | ﹤0.01% |
8,895
+4,138
| +87% | +$14M |
|
2416
Petrobras
PBR
$115B
| $14M | ﹤0.01% |
1,121,430
-3,680,667
| -77% | -$44.1M |
|
2417
PUT
Bank of Montreal
BMO
$130B
| $14M | ﹤0.01% |
126,800
-43,200
| -25% | -$4.35M |
|
2418
Alaska Air
ALK
$5.13B
| $14M | ﹤0.01% |
283,411
+243,687
| +613% | +$11.8M |
|
2419
CALL
Commault Systems
CVLT
$6.1B
| $14M | ﹤0.01% |
80,400
-37,900
| -32% | -$6.47M |
|
2420
Remitly
RELY
$5.54B
| $14M | ﹤0.01% |
746,675
+530,793
| +246% | +$11M |
|
2421
Lucid Motors
LCID
$2.45B
| $14M | ﹤0.01% |
663,935
+591,542
| +817% | +$14.2M |
|
2422
Realty Income
O
$59.4B
| $14M | ﹤0.01% |
243,155
+104,155
| +75% | +$5.89M |
|
2423
CALL
BCE
BCE
$21.9B
| $14M | ﹤0.01% |
631,600
-18,000
| -3% | -$394K |
|
2424
PUT
Vista Energy
VIST
$7.56B
| $14M | ﹤0.01% |
292,700
-327,400
| -53% | -$15.5M |
|
2425
Tradeweb Markets
TW
$22.4B
| $14M | ﹤0.01% |
95,408
-68,805
| -42% | -$9.6M |
|
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.