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 | |
|---|---|---|---|---|---|---|
7151
Adtran
ADTN
$705M
| $1.12M | ﹤0.01% |
124,513
-71,059
| -36% | -$567K |
|
7152
PUT
Hess Midstream
HESM
$5.09B
| $1.12M | ﹤0.01% |
29,000
+13,900
| +92% | +$529K |
|
7153
NB Bancorp
NBBK
$1B
| $1.12M | ﹤0.01% |
62,493
-9,044
| -13% | -$153K |
|
7154
Enliven Therapeutics
ELVN
$4.36B
| $1.12M | ﹤0.01% |
55,629
+10,714
| +24% | +$203K |
|
7155
Avantis US Mid Cap Equity ETF
AVMC
$501M
| $1.12M | ﹤0.01% |
16,848
+11,362
| +207% | +$709K |
|
7156
Vanguard FTSE Developed Markets ETF
VEA
$240B
| $1.11M | ﹤0.01% |
19,551
-161,863
| -89% | -$8.67M |
|
7157
PUT
Coeur Mining
CDE
$19.8B
| $1.11M | ﹤0.01% |
125,800
-164,500
| -57% | -$1.2M |
|
7158
CALL
Rezolute
RZLT
$451M
| $1.11M | ﹤0.01% |
249,900
+48,800
| +24% | +$181K |
|
7159
Burke & Herbert Financial Services Corp
BHRB
$1.46B
| $1.11M | ﹤0.01% |
18,632
+1,263
| +7% | +$69.9K |
|
7160
GrafTech
EAF
$192M
| $1.11M | ﹤0.01% |
114,301
+57,320
| +101% | +$507K |
|
7161
PUT
Ashland
ASH
$3.4B
| $1.11M | ﹤0.01% |
22,100
-1,700
| -7% | -$86.4K |
|
|
SPNS
7162
DELISTED
Sapiens International
SPNS
| $1.11M | ﹤0.01% |
37,964
+358
| +1% | +$9.97K |
|
7163
CALL
ProShares UltraPro Russell2000
URTY
$360M
| $1.11M | ﹤0.01% |
28,200
-3,600
| -11% | -$118K |
|
7164
Vaalco Energy
EGY
$615M
| $1.11M | ﹤0.01% |
307,101
+65,593
| +27% | +$228K |
|
7165
Northeast Bank
NBN
$1.15B
| $1.11M | ﹤0.01% |
12,445
+279
| +2% | +$23.8K |
|
7166
FuelCell Energy
FCEL
$1.79B
| $1.11M | ﹤0.01% |
197,389
+15,097
| +8% | +$73.3K |
|
7167
CALL
Yext
YEXT
$585M
| $1.11M | ﹤0.01% |
130,200
+17,100
| +15% | +$120K |
|
|
BTCL
7168
T-Rex 2X Long Bitcoin Daily Target ETF
BTCL
$25.3M
| $1.11M | ﹤0.01% |
20,637
+8,123
| +65% | +$380K |
|
7169
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.5B
| $1.11M | ﹤0.01% |
48,411
-54,731
| -53% | -$1.2M |
|
|
MZTI
7170
CALL
The Marzetti Company
MZTI
$3.15B
| $1.11M | ﹤0.01% |
6,400
-8,900
| -58% | -$1.54M |
|
|
DEA
7171
Easterly Government Properties
DEA
$1.16B
| $1.11M | ﹤0.01% |
49,797
-7,995
| -14% | -$174K |
|
7172
CALL
BRC Group Holdings
RILY
$286M
| $1.11M | ﹤0.01% |
372,200
+27,600
| +8% | +$84.8K |
|
7173
Hartford Multifactor US Equity ETF
ROUS
$762M
| $1.11M | ﹤0.01% |
20,586
-19,480
| -49% | -$993K |
|
7174
State Street SPDR S&P 1500 Value Tilt ETF
VLU
$779M
| $1.1M | ﹤0.01% |
5,746
+3,458
| +151% | +$629K |
|
7175
Invesco Financial Preferred ETF
PGF
$661M
| $1.1M | ﹤0.01% |
78,246
+28,287
| +57% | +$396K |
|
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.