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 | |
|---|---|---|---|---|---|---|
|
SLI
11476
Standard Lithium
SLI
$581M
| $155K | ﹤0.01% |
78,898
+13,127
| +20% | +$20.7K |
|
|
BZAI
11477
Blaize Holdings
BZAI
$87.7M
| $154K | ﹤0.01% |
51,725
+26,141
| +102% | +$64.3K |
|
11478
Payoneer
PAYO
$2.42B
| $154K | ﹤0.01% |
22,493
+300
| +1% | +$2.03K |
|
|
TONT
11479
Graf Global Corp
TONT
$154M
| $154K | ﹤0.01% |
+14,730
| New | +$152K |
|
11480
CALL
Liberty Global Class C
LBTYK
$3.51B
| $154K | ﹤0.01% |
+14,900
| New | +$154K |
|
|
GRFS
11481
Grifois
GRFS
$5.36B
| $154K | ﹤0.01% |
16,984
+728
| +4% | +$5.69K |
|
11482
Virco
VIRC
$95M
| $153K | ﹤0.01% |
19,212
-23,508
| -55% | -$207K |
|
|
CIO
11483
PUT
DELISTED
City Office REIT
CIO
| $153K | ﹤0.01% |
28,700
+9,600
| +50% | +$48.1K |
|
11484
PUT
ADC Therapeutics
ADCT
$130M
| $153K | ﹤0.01% |
+57,000
| New | +$120K |
|
|
PLG
11485
Platinum Group Metals
PLG
$189M
| $153K | ﹤0.01% |
99,781
+84,557
| +555% | +$113K |
|
11486
Nuveen Select Tax-Free Income Portfolio
NXP
$902M
| $153K | ﹤0.01% |
+10,865
| New | +$152K |
|
11487
CALL
Under Armour Class C
UA
$2.25B
| $153K | ﹤0.01% |
23,500
-8,200
| -26% | -$48.4K |
|
|
RWT
11488
CALL
Redwood Trust
RWT
$603M
| $152K | ﹤0.01% |
25,700
-4,100
| -14% | -$23.3K |
|
11489
PUT
Ocugen
OCGN
$454M
| $152K | ﹤0.01% |
156,200
+63,600
| +69% | +$52.8K |
|
|
EAD
11490
Allspring Income Opportunities Fund
EAD
$376M
| $151K | ﹤0.01% |
21,456
-20,373
| -49% | -$137K |
|
|
VMEO
11491
CALL
DELISTED
Vimeo
VMEO
| $151K | ﹤0.01% |
+37,400
| New | +$173K |
|
11492
J. Jill
JILL
$279M
| $151K | ﹤0.01% |
+10,288
| New | +$163K |
|
|
LAR
11493
Lithium Argentina AG
LAR
$1.12B
| $151K | ﹤0.01% |
72,379
-24,843
| -26% | -$49.5K |
|
11494
Nuveen New York Municipal Value Fund
NNY
$157M
| $150K | ﹤0.01% |
18,551
+4,626
| +33% | +$37.7K |
|
|
GNT
11495
GAMCO Natural Resources, Gold & Income Trust
GNT
$147M
| $150K | ﹤0.01% |
23,916
-1,970
| -8% | -$12K |
|
|
SMCZ
11496
Defiance Daily Target 2X Short SMCI ETF
SMCZ
$2.53M
| $150K | ﹤0.01% |
+3,768
| New | +$364K |
|
11497
CALL
Sigma Lithium
SGML
$1.3B
| $150K | ﹤0.01% |
33,400
-158,000
| -83% | -$1.04M |
|
|
PYN
11498
DELISTED
PIMCO New York Municipal Income Fund III
PYN
| $150K | ﹤0.01% |
28,598
-215
| -0.7% | -$1.15K |
|
11499
CALL
Zevia
ZVIA
$103M
| $150K | ﹤0.01% |
46,500
-32,600
| -41% | -$85.8K |
|
|
SNCR
11500
DELISTED
Synchronoss Technologies
SNCR
| $149K | ﹤0.01% |
21,795
-67,066
| -75% | -$557K |
|
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.