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 | |
|---|---|---|---|---|---|---|
7201
CALL
Skywest
SKYW
$4.12B
| $1.09M | ﹤0.01% |
10,600
-5,300
| -33% | -$504K |
|
7202
STMicroelectronics
STM
$50.1B
| $1.09M | ﹤0.01% |
35,883
-1,436,863
| -98% | -$35.7M |
|
7203
CALL
Qiagen
QGEN
$8.82B
| $1.09M | ﹤0.01% |
22,700
+13,200
| +139% | +$574K |
|
7204
CALL
ProShares Short QQQ
PSQ
$605M
| $1.09M | ﹤0.01% |
32,400
-4,400
| -12% | -$167K |
|
7205
Amerant Bancorp
AMTB
$1.14B
| $1.09M | ﹤0.01% |
59,804
-1,107
| -2% | -$19.7K |
|
7206
CALL
SPX Corp
SPXC
$10.9B
| $1.09M | ﹤0.01% |
6,500
-200
| -3% | -$29.3K |
|
7207
CALL
Heritage Insurance Holdings
HRTG
$1.01B
| $1.09M | ﹤0.01% |
43,700
-25,600
| -37% | -$547K |
|
7208
CALL
Corporacion America
CAAP
$6.27B
| $1.09M | ﹤0.01% |
53,700
+7,700
| +17% | +$152K |
|
|
QETH
7209
Invesco Galaxy Ethereum ETF
QETH
$18.7M
| $1.09M | ﹤0.01% |
43,222
+2,859
| +7% | +$62.7K |
|
|
DOG
7210
ProShares Short Dow30
DOG
$88.9M
| $1.09M | ﹤0.01% |
42,588
+20,496
| +93% | +$558K |
|
7211
Pagaya Technologies
PGY
$1.74B
| $1.08M | ﹤0.01% |
50,861
+6,762
| +15% | +$96.2K |
|
7212
PUT
Replimune Group
REPL
$1.37B
| $1.08M | ﹤0.01% |
116,700
-36,300
| -24% | -$317K |
|
7213
CALL
ProShares UltraShort FTSE Europe
EPV
$9.88M
| $1.08M | ﹤0.01% |
+41,700
| New | +$1.24M |
|
7214
Energy Recovery
ERII
$415M
| $1.08M | ﹤0.01% |
84,626
+3,258
| +4% | +$44.1K |
|
7215
iPath Series B Carbon Exchange-Traded Notes
GRN
$23.6M
| $1.08M | ﹤0.01% |
39,583
-1,762
| -4% | -$48.4K |
|
7216
Day Hagan/Ned Davis Research Smart Sector ETF
SSUS
$587M
| $1.08M | ﹤0.01% |
24,032
+13,294
| +124% | +$552K |
|
7217
CALL
LKQ Corp
LKQ
$6.46B
| $1.08M | ﹤0.01% |
29,200
-596,000
| -95% | -$23.8M |
|
7218
PUT
EVgo
EVGO
$484M
| $1.08M | ﹤0.01% |
296,000
-190,000
| -39% | -$651K |
|
|
ARI
7219
PUT
Apollo Commercial Real Estate
ARI
$877M
| $1.08M | ﹤0.01% |
111,600
-15,600
| -12% | -$147K |
|
7220
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$434M
| $1.08M | ﹤0.01% |
8,532
-15,457
| -64% | -$1.83M |
|
7221
FT Vest US Equity Moderate Buffer ETF April
GAPR
$292M
| $1.08M | ﹤0.01% |
28,130
+19,737
| +235% | +$732K |
|
7222
Sagimet Biosciences
SGMT
$641M
| $1.08M | ﹤0.01% |
141,407
-45,939
| -25% | -$194K |
|
7223
CALL
SGHC Ltd
SGHC
$6.58B
| $1.08M | ﹤0.01% |
+98,200
| New | +$832K |
|
7224
ProShares UltraShort Russell2000
TWM
$40.7M
| $1.08M | ﹤0.01% |
24,924
-6,455
| -21% | -$329K |
|
7225
PUT
Yext
YEXT
$584M
| $1.08M | ﹤0.01% |
126,700
-248,800
| -66% | -$1.74M |
|
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.