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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Newmont
NEM
$123B
| $161M | 0.02% |
1,913,284
-710,090
| -27% | -$49.5M |
|
627
CALL
State Street SPDR S&P Retail ETF
XRT
$648M
| $161M | 0.02% |
1,868,000
-799,300
| -30% | -$66.6M |
|
628
PUT
Cigna
CI
$72.2B
| $161M | 0.02% |
557,500
+123,700
| +29% | +$36.6M |
|
629
CALL
NIO
NIO
$11.4B
| $160M | 0.02% |
21,057,400
+4,425,800
| +27% | +$23.8M |
|
630
CALL
Sunrun
RUN
$2.44B
| $160M | 0.02% |
9,274,900
-1,284,400
| -12% | -$17.2M |
|
631
Amgen
AMGN
$224B
| $159M | 0.02% |
564,870
+327,513
| +138% | +$95M |
|
632
Uber
UBER
$161B
| $159M | 0.02% |
1,624,762
-514,067
| -24% | -$48.1M |
|
633
PUT
Equinix
EQIX
$103B
| $159M | 0.02% |
202,900
+46,800
| +30% | +$36.6M |
|
|
GLXY
634
CALL
Galaxy Digital Inc
GLXY
$4.07B
| $159M | 0.02% |
4,688,100
+3,023,700
| +182% | +$81.5M |
|
635
PUT
Novartis
NVS
$296B
| $158M | 0.02% |
1,233,400
+192,100
| +18% | +$23.4M |
|
636
PUT
Burlington
BURL
$23B
| $158M | 0.02% |
621,300
-138,300
| -18% | -$37.6M |
|
637
CALL
Coupang
CPNG
$29.4B
| $158M | 0.02% |
4,896,900
-689,300
| -12% | -$20.8M |
|
638
CALL
iShares MSCI South Korea ETF
EWY
$25.9B
| $158M | 0.02% |
1,967,300
+306,400
| +18% | +$22.8M |
|
639
PUT
MP Materials
MP
$9.56B
| $157M | 0.02% |
2,348,000
+288,500
| +14% | +$18.2M |
|
640
CALL
Constellation Brands
STZ
$22.6B
| $157M | 0.02% |
1,167,700
+140,100
| +14% | +$22.3M |
|
641
CALL
Wayfair
W
$14.5B
| $157M | 0.02% |
1,753,700
-505,900
| -22% | -$37.1M |
|
642
PUT
Interactive Brokers
IBKR
$41B
| $157M | 0.02% |
2,274,600
-897,400
| -28% | -$56.5M |
|
643
PUT
Progressive
PGR
$124B
| $156M | 0.02% |
632,500
+259,100
| +69% | +$63.9M |
|
644
PUT
General Motors
GM
$78.3B
| $156M | 0.02% |
2,551,100
-771,500
| -23% | -$43M |
|
645
PUT
CME Group
CME
$93.6B
| $155M | 0.02% |
574,500
+35,100
| +7% | +$9.55M |
|
646
PUT
Cheniere Energy
LNG
$54.9B
| $155M | 0.02% |
659,400
+45,600
| +7% | +$10.7M |
|
647
CALL
BridgeBio Pharma
BBIO
$16.7B
| $155M | 0.02% |
2,978,400
+41,300
| +1% | +$2.01M |
|
648
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$34.9B
| $155M | 0.02% |
1,001,900
-199,800
| -17% | -$30.3M |
|
649
PUT
Hilton Worldwide
HLT
$70.5B
| $154M | 0.02% |
594,100
-531,900
| -47% | -$144M |
|
|
HUT
650
CALL
Hut 8
HUT
$11.5B
| $154M | 0.02% |
4,425,700
+1,521,400
| +52% | +$38.7M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.