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 | |
|---|---|---|---|---|---|---|
11501
Holley
HLLY
$371M
| $149K | ﹤0.01% |
74,635
+16,862
| +29% | +$35.8K |
|
11502
PUT
Solid Power
SLDP
$552M
| $149K | ﹤0.01% |
68,000
-13,200
| -16% | -$18.5K |
|
11503
Cemex
CX
$16B
| $149K | ﹤0.01% |
21,487
-27,217
| -56% | -$173K |
|
|
BACQU
11504
DELISTED
Inflection Point Acquisition Corp IV Unit
BACQU
| $149K | ﹤0.01% |
13,985
+1,353
| +11% | +$14.1K |
|
|
ALFUU
11505
Centurion Acquisition Corp Unit
ALFUU
| $148K | ﹤0.01% |
13,732
-2,300
| -14% | -$24.1K |
|
11506
CALL
SES AI
SES
$221M
| $148K | ﹤0.01% |
166,600
+58,700
| +54% | +$49.3K |
|
|
CNCK
11507
Coincheck Group
CNCK
$393M
| $148K | ﹤0.01% |
+27,088
| New | +$163K |
|
|
NXN
11508
DELISTED
Nuveen New York Tax-Free Income Portfolio
NXN
| $148K | ﹤0.01% |
+12,710
| New | +$146K |
|
11509
PUT
loanDepot
LDI
$303M
| $148K | ﹤0.01% |
116,300
-11,000
| -9% | -$13.4K |
|
11510
CALL
Enviri
NVRI
$579M
| $148K | ﹤0.01% |
+17,000
| New | +$125K |
|
|
BRDG
11511
DELISTED
Bridge Investment Group
BRDG
| $147K | ﹤0.01% |
14,714
-3,252
| -18% | -$30.3K |
|
11512
United-Guardian
UG
$33.2M
| $147K | ﹤0.01% |
18,476
+7,543
| +69% | +$62.4K |
|
11513
Fractyl Health
GUTS
$108M
| $147K | ﹤0.01% |
90,761
+34,067
| +60% | +$55K |
|
|
RGT
11514
Royce Global Value Trust
RGT
$101M
| $147K | ﹤0.01% |
12,200
+1,121
| +10% | +$12.4K |
|
11515
CALL
Carlyle Secured Lending
CGBD
$784M
| $146K | ﹤0.01% |
10,700
-32,800
| -75% | -$466K |
|
|
MTLS
11516
CALL
Materialise
MTLS
$398M
| $146K | ﹤0.01% |
+25,900
| New | +$134K |
|
|
RPC
11517
PUT
Ridgepost Capital
RPC
$959M
| $146K | ﹤0.01% |
+14,300
| New | +$153K |
|
11518
Betterware México
BWMX
$616M
| $146K | ﹤0.01% |
+16,850
| New | +$157K |
|
|
NB
11519
NioCorp Developments
NB
$747M
| $146K | ﹤0.01% |
+62,501
| New | +$156K |
|
|
NXC
11520
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
| $146K | ﹤0.01% |
+11,053
| New | +$142K |
|
11521
Biote Corp
BTMD
$42.7M
| $146K | ﹤0.01% |
36,204
-1,878
| -5% | -$6.93K |
|
|
HOUS
11522
CALL
DELISTED
Anywhere Real Estate
HOUS
| $146K | ﹤0.01% |
40,200
-20,200
| -33% | -$70.5K |
|
|
MRDN
11523
Meridian Holdings Inc
MRDN
$181M
| $146K | ﹤0.01% |
7,133
+76
| +1% | +$1.65K |
|
11524
Bakkt Inc
BKKT
$332M
| $145K | ﹤0.01% |
10,425
-1,540
| -13% | -$17K |
|
11525
Lipocine
LPCN
$17.3M
| $145K | ﹤0.01% |
46,019
+7,039
| +18% | +$22.8K |
|
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.