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 | |
|---|---|---|---|---|---|---|
9651
CALL
Smith & Wesson
SWBI
$643M
| $404K | ﹤0.01% |
46,600
-12,200
| -21% | -$116K |
|
|
USAR
9652
USA Rare Earth Inc
USAR
$4.89B
| $404K | ﹤0.01% |
+36,903
| New | +$391K |
|
9653
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$39.8M
| $404K | ﹤0.01% |
5,402
-32,257
| -86% | -$2.85M |
|
9654
PUT
Direxion Daily Real Estate Bull 3X ETF
DRN
$45.4M
| $404K | ﹤0.01% |
42,300
+25,000
| +145% | +$234K |
|
|
IBMS
9655
iShares iBonds Dec 2030 Term Muni Bond ETF
IBMS
$327M
| $404K | ﹤0.01% |
+15,743
| New | +$399K |
|
9656
FTI Consulting
FCN
$4.19B
| $404K | ﹤0.01% |
2,501
-2,586
| -51% | -$422K |
|
9657
CALL
Driven Brands
DRVN
$2.13B
| $404K | ﹤0.01% |
23,000
-13,100
| -36% | -$225K |
|
9658
Strategic Trust Running Oak Efficient Growth ETF
RUNN
$411M
| $404K | ﹤0.01% |
11,929
-15,663
| -57% | -$508K |
|
9659
PUT
ProShares Short 20+ Year Treasury ETF
TBF
$107M
| $404K | ﹤0.01% |
16,700
-18,000
| -52% | -$442K |
|
9660
CALL
Avery Dennison
AVY
$13.6B
| $404K | ﹤0.01% |
2,300
+200
| +10% | +$35.1K |
|
|
QCJL
9661
FT Vest Nasdaq-100 Conservative Buffer ETF - July
QCJL
$83.7M
| $404K | ﹤0.01% |
18,048
-15,668
| -46% | -$330K |
|
9662
PUT
Patria Investments
PAX
$1.86B
| $404K | ﹤0.01% |
28,700
-7,400
| -20% | -$88.7K |
|
|
JBS
9663
JBS N.V.
JBS
$44.9B
| $403K | ﹤0.01% |
+27,608
| New | +$389K |
|
9664
CALL
Lloyds Banking Group
LYG
$90.1B
| $403K | ﹤0.01% |
94,900
+71,600
| +307% | +$285K |
|
9665
BayCom
BCML
$339M
| $403K | ﹤0.01% |
14,542
-776
| -5% | -$20.5K |
|
9666
Morgan Stanley Direct Lending Fund
MSDL
$1.3B
| $403K | ﹤0.01% |
21,522
-12,510
| -37% | -$242K |
|
|
RWT
9667
PUT
Redwood Trust
RWT
$604M
| $402K | ﹤0.01% |
68,100
-28,500
| -30% | -$162K |
|
|
FIRY
9668
CALL
Firy Inc
FIRY
$156M
| $402K | ﹤0.01% |
59,000
-13,900
| -19% | -$77.2K |
|
|
XIJN
9669
FT Vest U.S. Equity Buffer & Premium Income ETF - June
XIJN
$51.7M
| $402K | ﹤0.01% |
+13,038
| New | +$398K |
|
9670
Fiverr
FVRR
$324M
| $402K | ﹤0.01% |
13,716
-54,796
| -80% | -$1.58M |
|
|
BCAX
9671
Bicara Therapeutics
BCAX
$1.61B
| $402K | ﹤0.01% |
43,248
+18,346
| +74% | +$219K |
|
|
CSW
9672
PUT
CSW Industrials
CSW
$5.62B
| $402K | ﹤0.01% |
1,400
+200
| +17% | +$60.4K |
|
9673
First National Corp
FXNC
$288M
| $402K | ﹤0.01% |
20,622
-112,387
| -84% | -$2.22M |
|
9674
CALL
Woodside Energy
WDS
$44B
| $401K | ﹤0.01% |
26,000
-50,100
| -66% | -$701K |
|
9675
Hain Celestial
HAIN
$52.4M
| $401K | ﹤0.01% |
263,754
-122,167
| -32% | -$285K |
|
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.