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 | |
|---|---|---|---|---|---|---|
|
PDM
7126
Piedmont Realty Trust
PDM
$1.17B
| $1.13M | ﹤0.01% |
154,811
-2,245
| -1% | -$15.5K |
|
7127
CALL
VanEck Rare Earth/Strategic Metals ETF
REMX
$2.33B
| $1.13M | ﹤0.01% |
27,800
+6,100
| +28% | +$233K |
|
7128
LeaderShares Dynamic Yield ETF
DYLD
$40.1M
| $1.13M | ﹤0.01% |
49,841
+8,473
| +20% | +$190K |
|
7129
PUT
Warby Parker
WRBY
$3.16B
| $1.13M | ﹤0.01% |
51,400
-18,200
| -26% | -$336K |
|
7130
Franklin US Core Dividend Tilt Index ETF
UDIV
$149M
| $1.13M | ﹤0.01% |
23,372
+9,413
| +67% | +$418K |
|
7131
QuinStreet
QNST
$1.16B
| $1.13M | ﹤0.01% |
70,000
-43,415
| -38% | -$696K |
|
7132
PUT
Fidelity National Financial
FNF
$13.2B
| $1.13M | ﹤0.01% |
20,100
-11,000
| -35% | -$643K |
|
7133
Orrstown Financial Services
ORRF
$846M
| $1.13M | ﹤0.01% |
35,387
+2,048
| +6% | +$60.6K |
|
7134
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$140M
| $1.13M | ﹤0.01% |
22,276
+8,853
| +66% | +$420K |
|
7135
Schwab US Mid-Cap ETF
SCHM
$15.4B
| $1.12M | ﹤0.01% |
40,105
+27,284
| +213% | +$720K |
|
7136
PUT
State Street SPDR S&P Pharmaceuticals ETF
XPH
$528M
| $1.12M | ﹤0.01% |
27,700
+3,800
| +16% | +$153K |
|
7137
PUT
Compass Diversified
CODI
$910M
| $1.12M | ﹤0.01% |
+178,900
| New | +$1.99M |
|
7138
PUT
Brookfield Infrastructure
BIPC
$4.86B
| $1.12M | ﹤0.01% |
27,000
-14,200
| -34% | -$547K |
|
7139
Sprott Physical Gold
PHYS
$15.9B
| $1.12M | ﹤0.01% |
+44,305
| New | +$1.11M |
|
7140
iShares Global Utilities ETF
JXI
$308M
| $1.12M | ﹤0.01% |
15,224
-10,607
| -41% | -$758K |
|
7141
PUT
Blue Owl Capital
OBDC
$5.67B
| $1.12M | ﹤0.01% |
78,200
-42,700
| -35% | -$607K |
|
7142
ProShares Ultra Energy
DIG
$84.3M
| $1.12M | ﹤0.01% |
33,695
+6,252
| +23% | +$202K |
|
|
CVNY
7143
YieldMax CVNA Option Income Strategy ETF
CVNY
$20.4M
| $1.12M | ﹤0.01% |
+26,393
| New | +$1.07M |
|
7144
Arteris
AIP
$1.37B
| $1.12M | ﹤0.01% |
117,538
+74,439
| +173% | +$549K |
|
7145
Renaissance IPO ETF
IPO
$159M
| $1.12M | ﹤0.01% |
24,920
-14,247
| -36% | -$581K |
|
7146
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT
$833M
| $1.12M | ﹤0.01% |
43,355
-3,905
| -8% | -$100K |
|
7147
CALL
Verra Mobility
VRRM
$699M
| $1.12M | ﹤0.01% |
44,100
-1,800
| -4% | -$41.9K |
|
7148
Patria Investments
PAX
$1.84B
| $1.12M | ﹤0.01% |
79,634
-14,883
| -16% | -$178K |
|
7149
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.74B
| $1.12M | ﹤0.01% |
11,500
+3,900
| +51% | +$370K |
|
7150
PUT
Tetra Tech
TTEK
$9.17B
| $1.12M | ﹤0.01% |
31,100
-158,000
| -84% | -$5.26M |
|
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.