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 | |
|---|---|---|---|---|---|---|
8601
PUT
Sumitomo Mitsui Financial
SMFG
$167B
| $639K | ﹤0.01% |
+42,300
| New | +$608K |
|
8602
CNB Financial Corp
CCNE
$1.03B
| $639K | ﹤0.01% |
27,932
-531
| -2% | -$11.7K |
|
8603
Fidelity Investment Grade Securitized ETF
FSEC
$4.64B
| $638K | ﹤0.01% |
+14,657
| New | +$632K |
|
8604
PUT
Hexcel
HXL
$7.87B
| $638K | ﹤0.01% |
11,300
+2,400
| +27% | +$127K |
|
8605
PUT
ProShares UltraPro Short Russell2000
SRTY
$65.3M
| $638K | ﹤0.01% |
9,325
+6,900
| +285% | +$613K |
|
8606
Varex Imaging
VREX
$779M
| $636K | ﹤0.01% |
73,408
+3,827
| +6% | +$31.2K |
|
8607
iShares MSCI Austria ETF
EWO
$188M
| $636K | ﹤0.01% |
+21,641
| New | +$592K |
|
8608
Direxion Daily GOOGL Bear 1X ETF
GGLS
$16.1M
| $636K | ﹤0.01% |
5,134
-2,683
| -34% | -$365K |
|
8609
Global X Emerging Markets Bond ETF
EMBD
$249M
| $636K | ﹤0.01% |
+27,253
| New | +$621K |
|
|
XNET
8610
PUT
Xunlei
XNET
$334M
| $635K | ﹤0.01% |
156,700
-134,200
| -46% | -$622K |
|
|
UNIT
8611
PUT
Uniti Group
UNIT
$2.43B
| $635K | ﹤0.01% |
146,900
-49,100
| -25% | -$220K |
|
8612
VirTra
VTSI
$36.6M
| $634K | ﹤0.01% |
89,691
+20,879
| +30% | +$110K |
|
8613
CALL
Vericel Corp
VCEL
$2.26B
| $634K | ﹤0.01% |
14,900
+5,600
| +60% | +$233K |
|
8614
PUT
Brink's
BCO
$4.71B
| $634K | ﹤0.01% |
+7,100
| New | +$618K |
|
|
PWRD
8615
TCW Transform Systems ETF
PWRD
$1.53B
| $634K | ﹤0.01% |
+7,027
| New | +$542K |
|
|
MLNK
8616
DELISTED
MeridianLink
MLNK
| $633K | ﹤0.01% |
39,027
-93
| -0.2% | -$1.55K |
|
8617
CALL
Prosperity Bancshares
PB
$9.02B
| $632K | ﹤0.01% |
9,000
+5,300
| +143% | +$365K |
|
8618
CALL
Bar Harbor Bankshares
BHB
$681M
| $632K | ﹤0.01% |
+21,100
| New | +$618K |
|
8619
GigaCloud Technology
GCT
$1.85B
| $632K | ﹤0.01% |
31,954
-35,692
| -53% | -$571K |
|
8620
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$423M
| $632K | ﹤0.01% |
24,195
-14,469
| -37% | -$364K |
|
8621
PUT
Assurant
AIZ
$13.9B
| $632K | ﹤0.01% |
+3,200
| New | +$629K |
|
8622
Amplify AI Powered Equity ETF
AIEQ
$125M
| $632K | ﹤0.01% |
14,904
-17,560
| -54% | -$682K |
|
8623
PUT
Arcus Biosciences
RCUS
$3.75B
| $631K | ﹤0.01% |
77,500
+56,500
| +269% | +$483K |
|
|
AUGU
8624
AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF
AUGU
$41.6M
| $631K | ﹤0.01% |
23,202
+4,795
| +26% | +$123K |
|
8625
Alerus Financial
ALRS
$838M
| $630K | ﹤0.01% |
29,114
-1,173
| -4% | -$23.5K |
|
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.