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 | |
|---|---|---|---|---|---|---|
|
NEE.PRS
9701
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.12B
| $398K | ﹤0.01% |
8,450
+4,075
| +93% | +$194K |
|
9702
CALL
BuzzFeed
BZFD
$92.5M
| $398K | ﹤0.01% |
198,900
-49,200
| -20% | -$97.2K |
|
9703
Valmont Industries
VMI
$9.56B
| $398K | ﹤0.01% |
1,218
-4,605
| -79% | -$1.41M |
|
|
AFBI
9704
DELISTED
Affinity Bancshares
AFBI
| $397K | ﹤0.01% |
21,496
-7,608
| -26% | -$139K |
|
9705
CALL
Immersion
IMMR
$249M
| $397K | ﹤0.01% |
50,400
-159,300
| -76% | -$1.18M |
|
|
IRBT
9706
DELISTED
iRobot
IRBT
| $397K | ﹤0.01% |
126,883
-45,281
| -26% | -$125K |
|
9707
PUT
BGC Group
BGC
$5.33B
| $397K | ﹤0.01% |
+38,800
| New | +$356K |
|
9708
CALL
Tredegar Corp
TG
$276M
| $397K | ﹤0.01% |
45,100
+22,200
| +97% | +$179K |
|
9709
PUT
Arlo Technologies
ARLO
$1.54B
| $397K | ﹤0.01% |
+23,400
| New | +$299K |
|
9710
Star Holdings Shares of Beneficial Interest
STHO
$118M
| $397K | ﹤0.01% |
50,804
+22,292
| +78% | +$154K |
|
9711
PUT
German American Bancorp
GABC
$1.93B
| $397K | ﹤0.01% |
+10,300
| New | +$387K |
|
9712
Gaming and Leisure Properties
GLPI
$12.7B
| $397K | ﹤0.01% |
8,497
+3,063
| +56% | +$145K |
|
9713
Olema Pharmaceuticals
OLMA
$930M
| $397K | ﹤0.01% |
93,095
+21,307
| +30% | +$95K |
|
9714
PUT
Telesat
TSAT
$771M
| $396K | ﹤0.01% |
16,200
-6,400
| -28% | -$112K |
|
|
PARAA
9715
DELISTED
Paramount Global Class A
PARAA
| $396K | ﹤0.01% |
+17,249
| New | +$390K |
|
9716
Red River Bancshares
RRBI
$676M
| $395K | ﹤0.01% |
6,735
+146
| +2% | +$7.92K |
|
9717
PUT
Ibotta
IBTA
$783M
| $395K | ﹤0.01% |
10,800
-56,400
| -84% | -$2.63M |
|
9718
ProShares Ultra Bitcoin ETF
BITU
$335M
| $395K | ﹤0.01% |
7,637
-69,143
| -90% | -$3.14M |
|
9719
iShares Global Equity Factor ETF
GLOF
$224M
| $395K | ﹤0.01% |
8,200
-11,576
| -59% | -$517K |
|
9720
Alpha Pro Tech
APT
$55.4M
| $395K | ﹤0.01% |
84,214
+63,165
| +300% | +$286K |
|
|
APXM
9721
FT Vest U.S. Equity Max Buffer ETF - April
APXM
$17.6M
| $395K | ﹤0.01% |
+13,041
| New | +$391K |
|
9722
Digimarc Corp
DMRC
$169M
| $394K | ﹤0.01% |
29,857
-6,087
| -17% | -$78.1K |
|
|
LTM
9723
CALL
LATAM Airlines Group S.A.
LTM
$15B
| $394K | ﹤0.01% |
+9,700
| New | +$336K |
|
9724
PUT
Vanguard Consumer Staples ETF
VDC
$8.04B
| $394K | ﹤0.01% |
1,800
| – | – |
|
9725
Penumbra
PEN
$12.9B
| $394K | ﹤0.01% |
+1,536
| New | +$418K |
|
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.