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 | |
|---|---|---|---|---|---|---|
|
CCRN
11426
CALL
DELISTED
Cross Country Healthcare
CCRN
| $163K | ﹤0.01% |
+12,500
| New | +$172K |
|
11427
CALL
Verastem
VSTM
$596M
| $163K | ﹤0.01% |
39,300
+4,200
| +12% | +$26.3K |
|
11428
CALL
Editas Medicine
EDIT
$432M
| $163K | ﹤0.01% |
74,100
-76,000
| -51% | -$124K |
|
|
YSG
11429
PUT
Yatsen Holding
YSG
$316M
| $163K | ﹤0.01% |
+16,900
| New | +$96.8K |
|
11430
CALL
Nuvectis Pharma
NVCT
$618M
| $163K | ﹤0.01% |
21,800
-51,100
| -70% | -$463K |
|
11431
CALL
Janus International
JBI
$685M
| $163K | ﹤0.01% |
20,000
+5,400
| +37% | +$41.2K |
|
11432
CALL
Kamada
KMDA
$434M
| $163K | ﹤0.01% |
21,000
+6,900
| +49% | +$46.8K |
|
11433
PUT
The Joint Corp
JYNT
$120M
| $163K | ﹤0.01% |
14,100
+3,800
| +37% | +$40.7K |
|
11434
Twin Disc
TWIN
$353M
| $163K | ﹤0.01% |
18,425
-10,515
| -36% | -$77.7K |
|
11435
PUT
Ocular Therapeutix
OCUL
$2.17B
| $162K | ﹤0.01% |
17,500
-13,100
| -43% | -$103K |
|
11436
PUT
LifeVantage
LFVN
$81M
| $162K | ﹤0.01% |
+12,400
| New | +$160K |
|
|
SLAI
11437
DELISTED
SOLAI Ltd ADS
SLAI
| $162K | ﹤0.01% |
11,299
+229
| +2% | +$2.92K |
|
|
DHF
11438
BNY Mellon High Yield Strategies Fund
DHF
$175M
| $162K | ﹤0.01% |
62,245
+2,423
| +4% | +$6K |
|
|
CD
11439
Chaince Digital Holdings
CD
$424M
| $162K | ﹤0.01% |
42,033
-157,917
| -79% | -$795K |
|
|
CUB
11440
Lionheart Holdings
CUB
$284M
| $162K | ﹤0.01% |
15,328
+3,233
| +27% | +$33.6K |
|
11441
CALL
Aquestive Therapeutics
AQST
$522M
| $162K | ﹤0.01% |
48,800
+4,600
| +10% | +$13.2K |
|
|
SLN
11442
Silence Therapeutics
SLN
$645M
| $161K | ﹤0.01% |
+27,797
| New | +$119K |
|
11443
Hyperfine
HYPR
$94.8M
| $161K | ﹤0.01% |
+223,794
| New | +$157K |
|
11444
PUT
Geron
GERN
$949M
| $160K | ﹤0.01% |
113,800
-123,200
| -52% | -$175K |
|
11445
Hennessy Advisors
HNNA
$79.1M
| $160K | ﹤0.01% |
12,734
-6,851
| -35% | -$73.2K |
|
11446
Lifezone Metals
LZM
$357M
| $160K | ﹤0.01% |
38,874
-9,734
| -20% | -$36.3K |
|
|
ICAD
11447
DELISTED
iCAD Inc
ICAD
| $160K | ﹤0.01% |
42,020
-120,061
| -74% | -$401K |
|
11448
PUT
Sasol
SSL
$7.4B
| $160K | ﹤0.01% |
36,200
-25,500
| -41% | -$104K |
|
11449
CALL
United Microelectronic
UMC
$47.4B
| $160K | ﹤0.01% |
20,900
-328,600
| -94% | -$2.44M |
|
|
ASRT
11450
CALL
DELISTED
Assertio
ASRT
| $160K | ﹤0.01% |
16,647
-9,026
| -35% | -$86.7K |
|
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.