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 | |
|---|---|---|---|---|---|---|
|
PONY
2451
PUT
Pony AI Inc
PONY
$3.54B
| $13.7M | ﹤0.01% |
+1,039,000
| New | +$12.6M |
|
2452
CALL
Eastman Chemical
EMN
$8.47B
| $13.7M | ﹤0.01% |
183,400
+131,100
| +251% | +$10.3M |
|
2453
PUT
Signet Jewelers
SIG
$3.52B
| $13.7M | ﹤0.01% |
172,100
+7,700
| +5% | +$512K |
|
2454
PUT
Canadian Pacific Kansas City
CP
$82.2B
| $13.7M | ﹤0.01% |
172,700
-86,000
| -33% | -$6.61M |
|
2455
Agnico Eagle Mines
AEM
$94.4B
| $13.7M | ﹤0.01% |
115,060
+102,203
| +795% | +$11.9M |
|
2456
CALL
Vail Resorts
MTN
$5.28B
| $13.7M | ﹤0.01% |
87,000
-37,900
| -30% | -$5.63M |
|
|
VTLE
2457
CALL
DELISTED
Vital Energy
VTLE
| $13.6M | ﹤0.01% |
846,300
+580,000
| +218% | +$9.48M |
|
2458
PUT
Lucid Motors
LCID
$2.45B
| $13.6M | ﹤0.01% |
645,170
+348,100
| +117% | +$8.33M |
|
2459
CALL
Alliance Resource Partners
ARLP
$3.27B
| $13.6M | ﹤0.01% |
520,700
+74,400
| +17% | +$1.95M |
|
2460
Ulta Beauty
ULTA
$22B
| $13.6M | ﹤0.01% |
29,060
-9,409
| -24% | -$3.89M |
|
2461
Boston Properties
BXP
$10.9B
| $13.6M | ﹤0.01% |
201,238
+171,559
| +578% | +$11.4M |
|
2462
Valaris
VAL
$5.95B
| $13.6M | ﹤0.01% |
322,424
-208,598
| -39% | -$7.85M |
|
2463
CALL
ProShares Short S&P500
SH
$841M
| $13.6M | ﹤0.01% |
342,000
+78,300
| +30% | +$3.39M |
|
2464
PUT
Stellantis
STLA
$20.2B
| $13.6M | ﹤0.01% |
1,351,300
-824,800
| -38% | -$8.13M |
|
2465
CALL
Check Point Software Technologies
CHKP
$13.4B
| $13.5M | ﹤0.01% |
61,200
-14,900
| -20% | -$3.28M |
|
2466
Public Service Enterprise Group
PEG
$37.9B
| $13.5M | ﹤0.01% |
160,813
+113,878
| +243% | +$9.18M |
|
2467
PUT
RUM Group Inc
RUM
$3.7B
| $13.5M | ﹤0.01% |
1,507,300
+239,000
| +19% | +$2.04M |
|
|
YALA
2468
Yalla Group
YALA
$832M
| $13.5M | ﹤0.01% |
2,000,000
| – | – |
|
2469
CALL
International Flavors & Fragrances
IFF
$21.5B
| $13.5M | ﹤0.01% |
183,100
+8,800
| +5% | +$665K |
|
2470
CALL
Brookfield Asset Management
BAM
$86.7B
| $13.5M | ﹤0.01% |
243,600
+145,800
| +149% | +$7.83M |
|
2471
PUT
Ormat Technologies
ORA
$7.06B
| $13.5M | ﹤0.01% |
+160,700
| New | +$12M |
|
2472
CALL
Old Republic International
ORI
$10.3B
| $13.5M | ﹤0.01% |
350,100
+251,000
| +253% | +$9.44M |
|
2473
VanEck Gold Miners ETF
GDX
$27.5B
| $13.4M | ﹤0.01% |
258,003
-747,760
| -74% | -$37.1M |
|
2474
Dutch Bros
BROS
$9.09B
| $13.4M | ﹤0.01% |
196,339
-201,558
| -51% | -$13.1M |
|
2475
PUT
AvalonBay Communities
AVB
$26.3B
| $13.4M | ﹤0.01% |
65,900
-40,500
| -38% | -$8.28M |
|
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.