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 | |
|---|---|---|---|---|---|---|
7951
Clearfield
CLFD
$391M
| $820K | ﹤0.01% |
18,895
-1,243
| -6% | -$42.6K |
|
7952
Intrepid Potash
IPI
$493M
| $820K | ﹤0.01% |
22,954
-25,420
| -53% | -$867K |
|
7953
TCW Transform Supply Chain ETF
SUPP
$12.6M
| $820K | ﹤0.01% |
12,140
+138
| +1% | +$8.46K |
|
7954
FT Vest US Equity Moderate Buffer ETF November
GNOV
$300M
| $819K | ﹤0.01% |
22,463
+4,269
| +23% | +$148K |
|
7955
CALL
International General Insurance
IGIC
$1.16B
| $819K | ﹤0.01% |
34,100
+8,900
| +35% | +$211K |
|
|
TGI
7956
CALL
DELISTED
Triumph Group
TGI
| $819K | ﹤0.01% |
31,800
-39,700
| -56% | -$1.01M |
|
|
GDEN
7957
CALL
DELISTED
Golden Entertainment
GDEN
| $818K | ﹤0.01% |
27,800
+7,100
| +34% | +$194K |
|
7958
PUT
Enviri
NVRI
$579M
| $818K | ﹤0.01% |
94,200
+9,000
| +11% | +$66K |
|
7959
CALL
Triple Flag Precious Metals
TFPM
$6.48B
| $817K | ﹤0.01% |
+34,500
| New | +$756K |
|
7960
ThredUp
TDUP
$403M
| $817K | ﹤0.01% |
109,104
-57,039
| -34% | -$335K |
|
|
HONE
7961
DELISTED
HarborOne Bancorp
HONE
| $817K | ﹤0.01% |
69,941
+3,491
| +5% | +$38.2K |
|
7962
iShares Emerging Markets Infrastructure ETF
EMIF
$12.6M
| $817K | ﹤0.01% |
34,183
-1,132
| -3% | -$25.5K |
|
7963
PUT
Knife River
KNF
$3.77B
| $816K | ﹤0.01% |
10,000
+700
| +8% | +$63.7K |
|
|
MAXN
7964
CALL
DELISTED
Maxeon Solar Technologies
MAXN
| $816K | ﹤0.01% |
266,700
-11,600
| -4% | -$36.1K |
|
7965
Axogen
AXGN
$2.62B
| $816K | ﹤0.01% |
75,206
+12,600
| +20% | +$165K |
|
7966
Inspire Small/Mid Cap Impact ETF
ISMD
$347M
| $816K | ﹤0.01% |
+22,965
| New | +$772K |
|
7967
Pampa Energía
PAM
$4.23B
| $816K | ﹤0.01% |
11,755
-6,953
| -37% | -$521K |
|
7968
CALL
Hippo Holdings
HIPO
$872M
| $816K | ﹤0.01% |
29,200
-207,400
| -88% | -$5.11M |
|
7969
Replimune Group
REPL
$1.4B
| $815K | ﹤0.01% |
87,781
-68,122
| -44% | -$594K |
|
7970
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $815K | ﹤0.01% |
8,800
-15,900
| -64% | -$1.43M |
|
|
DVAX
7971
CALL
DELISTED
Dynavax Technologies
DVAX
| $813K | ﹤0.01% |
82,000
-41,500
| -34% | -$437K |
|
7972
JPMorgan Realty Income ETF
JPRE
$481M
| $813K | ﹤0.01% |
+17,074
| New | +$806K |
|
7973
Innovator Premium Income 30 Barrier ETF April
APRJ
$32.4M
| $813K | ﹤0.01% |
33,027
-23,836
| -42% | -$584K |
|
7974
PUT
Allegiant Air
ALGT
$2.34B
| $813K | ﹤0.01% |
14,800
-1,100
| -7% | -$56.7K |
|
7975
CALL
Butterfly Network
BFLY
$2.35B
| $813K | ﹤0.01% |
406,500
-33,600
| -8% | -$77.2K |
|
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.