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 | |
|---|---|---|---|---|---|---|
11876
PUT
Horizon Technology Finance
HRZN
$343M
| $85K | ﹤0.01% |
+11,800
| New | +$91.9K |
|
11877
Fortress Biotech
FBIO
$91.4M
| $84.9K | ﹤0.01% |
+45,635
| New | +$79K |
|
11878
PUT
908 Devices
MASS
$414M
| $84.8K | ﹤0.01% |
11,900
-53,100
| -82% | -$295K |
|
|
BHR
11879
CALL
Braemar Hotels & Resorts
BHR
$139M
| $84.8K | ﹤0.01% |
34,600
+4,700
| +16% | +$10.3K |
|
11880
CareCloud
CCLD
$104M
| $84.7K | ﹤0.01% |
35,894
+14,041
| +64% | +$26.7K |
|
11881
PUT
Babcock & Wilcox
BW
$1.39B
| $84.6K | ﹤0.01% |
88,100
+32,300
| +58% | +$22K |
|
11882
PUT
Douglas Elliman
DOUG
$184M
| $84.4K | ﹤0.01% |
+36,400
| New | +$77.7K |
|
11883
Torrid Holdings
CURV
$228M
| $84K | ﹤0.01% |
28,484
+123
| +0.4% | +$644 |
|
11884
CALL
Allogene Therapeutics
ALLO
$683M
| $83.7K | ﹤0.01% |
74,100
-53,900
| -42% | -$71.6K |
|
|
MODV
11885
PUT
DELISTED
ModivCare
MODV
| $83.6K | ﹤0.01% |
+26,800
| New | +$49.3K |
|
|
SRG
11886
CALL
Seritage Growth Properties
SRG
$131M
| $83.5K | ﹤0.01% |
27,100
+12,900
| +91% | +$37.2K |
|
11887
PUT
IHS Holding
IHS
$2.82B
| $83.4K | ﹤0.01% |
+15,000
| New | +$80.7K |
|
|
TOKE
11888
DELISTED
Cambria Cannabis ETF
TOKE
| $83.3K | ﹤0.01% |
18,590
-313
| -2% | -$1.41K |
|
11889
CALL
Milestone Pharmaceuticals
MIST
$133M
| $83.2K | ﹤0.01% |
42,900
-149,400
| -78% | -$199K |
|
11890
PUT
Lexicon Pharmaceuticals
LXRX
$1.04B
| $83.1K | ﹤0.01% |
87,500
+73,200
| +512% | +$47.4K |
|
|
SATX
11891
DELISTED
SatixFy Communications
SATX
| $83.1K | ﹤0.01% |
+28,357
| New | +$68.5K |
|
|
SHCO
11892
CALL
DELISTED
Soho House & Co
SHCO
| $83.1K | ﹤0.01% |
11,300
-113,000
| -91% | -$702K |
|
11893
Mobile Infrastructure Corp
BEEP
$115M
| $83K | ﹤0.01% |
18,331
+6,452
| +54% | +$26K |
|
11894
Algonquin Power & Utilities
AQN
$4.44B
| $83K | ﹤0.01% |
14,479
-280,267
| -95% | -$1.54M |
|
|
FT
11895
Franklin Universal Trust
FT
$198M
| $82.9K | ﹤0.01% |
10,876
+864
| +9% | +$6.39K |
|
11896
PUT
CPI Aerostructures
CVU
$75M
| $82.6K | ﹤0.01% |
+23,600
| New | +$76.2K |
|
|
MAXN
11897
DELISTED
Maxeon Solar Technologies
MAXN
| $82.5K | ﹤0.01% |
+26,959
| New | +$83.9K |
|
11898
Ampco-Pittsburgh
AP
$190M
| $82.3K | ﹤0.01% |
27,807
+16,341
| +143% | +$42.4K |
|
11899
CervoMed
CRVO
$39.6M
| $82.2K | ﹤0.01% |
+13,075
| New | +$111K |
|
11900
Serina Therapeutics
SER
$42.3M
| $81.5K | ﹤0.01% |
+13,237
| New | +$75.2K |
|
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.