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 | |
|---|---|---|---|---|---|---|
10176
PUT
Sonos
SONO
$1.93B
| $322K | ﹤0.01% |
29,800
-80,100
| -73% | -$779K |
|
|
PMM
10177
Franklin Managed Municipal Income Trust
PMM
$271M
| $322K | ﹤0.01% |
53,856
-422
| -0.8% | -$2.5K |
|
10178
Idaho Strategic Resources
IDR
$505M
| $322K | ﹤0.01% |
24,621
-97,106
| -80% | -$1.43M |
|
10179
CALL
Essent Group
ESNT
$6.25B
| $322K | ﹤0.01% |
+5,300
| New | +$305K |
|
10180
Astoria US Quality Kings ETF
ROE
$282M
| $322K | ﹤0.01% |
+9,991
| New | +$300K |
|
10181
CALL
TaskUs
TASK
$688M
| $322K | ﹤0.01% |
+19,200
| New | +$293K |
|
10182
John Hancock Multifactor Small Cap ETF
JHSC
$749M
| $322K | ﹤0.01% |
8,236
-4,763
| -37% | -$176K |
|
10183
CALL
NewtekOne
NEWT
$376M
| $321K | ﹤0.01% |
28,500
-4,200
| -13% | -$44.9K |
|
|
LUCK
10184
PUT
Lucky Strike Entertainment
LUCK
$949M
| $321K | ﹤0.01% |
35,200
-1,500
| -4% | -$13.6K |
|
10185
PUT
Amplitude
AMPL
$1.63B
| $321K | ﹤0.01% |
25,900
-102,300
| -80% | -$1.11M |
|
10186
CALL
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.32B
| $321K | ﹤0.01% |
+3,300
| New | +$313K |
|
10187
CALL
Emergent Biosolutions
EBS
$235M
| $321K | ﹤0.01% |
50,300
+14,400
| +40% | +$82.4K |
|
10188
ProShares S&P Kensho Smart Factories ETF
MAKX
$5.44M
| $321K | ﹤0.01% |
7,015
-2,972
| -30% | -$114K |
|
10189
PUT
Cognex
CGNX
$11B
| $320K | ﹤0.01% |
10,100
+3,200
| +46% | +$91.7K |
|
10190
PUT
Expeditors International
EXPD
$24.2B
| $320K | ﹤0.01% |
2,800
+300
| +12% | +$33.6K |
|
10191
CALL
Krispy Kreme
DNUT
$578M
| $320K | ﹤0.01% |
109,900
+44,800
| +69% | +$156K |
|
10192
PUT
Integer Holdings
ITGR
$4.26B
| $320K | ﹤0.01% |
2,600
-4,500
| -63% | -$537K |
|
10193
Crane NXT
CXT
$2.97B
| $320K | ﹤0.01% |
5,929
-2,097
| -26% | -$107K |
|
10194
CALL
Enact Holdings
ACT
$6.87B
| $319K | ﹤0.01% |
+8,600
| New | +$305K |
|
10195
CALL
Phillips Edison & Co
PECO
$5.21B
| $319K | ﹤0.01% |
9,100
-1,100
| -11% | -$38.9K |
|
10196
Citizens Financial Services
CZFS
$397M
| $319K | ﹤0.01% |
5,428
-1,087
| -17% | -$62.5K |
|
10197
Johnson Outdoors
JOUT
$505M
| $319K | ﹤0.01% |
+10,525
| New | +$275K |
|
10198
Ranger Energy Services
RNGR
$407M
| $318K | ﹤0.01% |
26,667
+4,734
| +22% | +$56.8K |
|
10199
PUT
City Holding Co
CHCO
$2.07B
| $318K | ﹤0.01% |
2,600
-200
| -7% | -$23.5K |
|
10200
Travel + Leisure Co
TNL
$4.63B
| $318K | ﹤0.01% |
6,165
-18,059
| -75% | -$848K |
|
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.