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 | |
|---|---|---|---|---|---|---|
11376
PUT
Arq
ARQ
$102M
| $169K | ﹤0.01% |
31,500
+6,000
| +24% | +$26.3K |
|
11377
Zentalis Pharmaceuticals
ZNTL
$255M
| $169K | ﹤0.01% |
145,769
+40,082
| +38% | +$52.9K |
|
|
MHI
11378
DELISTED
Pioneer Municipal High Income Fund
MHI
| $169K | ﹤0.01% |
18,433
-864
| -4% | -$7.84K |
|
11379
Cytosorbents Corp
CTSO
$25.1M
| $169K | ﹤0.01% |
+131,853
| New | +$132K |
|
11380
PUT
inTEST
INTT
$179M
| $168K | ﹤0.01% |
23,100
-3,100
| -12% | -$19.7K |
|
11381
PUT
Eton Pharmaceutcials
ETON
$1.61B
| $168K | ﹤0.01% |
11,800
-7,900
| -40% | -$125K |
|
|
IMSR
11382
Terrestrial Energy
IMSR
$624M
| $168K | ﹤0.01% |
15,146
-25,145
| -62% | -$280K |
|
11383
PLAYSTUDIOS Inc
MYPS
$63.1M
| $168K | ﹤0.01% |
128,316
-1,148
| -0.9% | -$1.58K |
|
|
AOMR
11384
Angel Oak Mortgage REIT
AOMR
$207M
| $168K | ﹤0.01% |
17,832
-636
| -3% | -$5.78K |
|
11385
PUT
Vestis
VSTS
$1.76B
| $168K | ﹤0.01% |
29,300
+12,900
| +79% | +$90.5K |
|
|
CMCM
11386
Cheetah Mobile
CMCM
$103M
| $168K | ﹤0.01% |
35,843
-5,532
| -13% | -$22.3K |
|
|
QIDX
11387
Indexperts Quality Earnings Focused ETF
QIDX
$40M
| $168K | ﹤0.01% |
+15,860
| New | +$160K |
|
11388
Takeda Pharmaceutical
TAK
$56.3B
| $167K | ﹤0.01% |
10,810
-36,219
| -77% | -$535K |
|
11389
Ascent Industries
ACNT
$136M
| $167K | ﹤0.01% |
13,244
-35,521
| -73% | -$452K |
|
|
PNNT
11390
PUT
Pennant Park Investment Corp
PNNT
$243M
| $167K | ﹤0.01% |
+24,400
| New | +$161K |
|
|
MTA
11391
PUT
Metalla Royalty & Streaming
MTA
$912M
| $167K | ﹤0.01% |
43,400
+28,800
| +197% | +$91.8K |
|
11392
IZEA Worldwide
IZEA
$53.8M
| $167K | ﹤0.01% |
66,121
-2,288
| -3% | -$5.43K |
|
11393
Anika Therapeutics
ANIK
$288M
| $166K | ﹤0.01% |
15,735
-3,675
| -19% | -$46.4K |
|
11394
BlackRock MuniYield Quality Fund
MQY
$812M
| $166K | ﹤0.01% |
14,963
+3,279
| +28% | +$36.3K |
|
11395
Forrester Research
FORR
$217M
| $166K | ﹤0.01% |
16,788
+92
| +0.6% | +$915 |
|
11396
PUT
Sally Beauty Holdings
SBH
$1.54B
| $166K | ﹤0.01% |
17,900
-19,500
| -52% | -$168K |
|
11397
CALL
Teucrium Wheat Fund
WEAT
$305M
| $166K | ﹤0.01% |
7,460
+3,980
| +114% | +$91.5K |
|
11398
PUT
Alphatec Holdings
ATEC
$1.51B
| $165K | ﹤0.01% |
14,900
-4,100
| -22% | -$47.1K |
|
|
AVR
11399
Anteris Technologies
AVR
$916M
| $165K | ﹤0.01% |
43,618
+10,483
| +32% | +$42.6K |
|
11400
Arcos Dorados Holdings
ARCO
$1.67B
| $165K | ﹤0.01% |
20,942
+10,370
| +98% | +$78.4K |
|
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.