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 | |
|---|---|---|---|---|---|---|
12001
CALL
Companhia Siderúrgica Nacional
SID
$1.19B
| $68K | ﹤0.01% |
+48,600
| New | +$75.1K |
|
12002
ALX Oncology
ALXO
$278M
| $68K | ﹤0.01% |
163,813
+42,103
| +35% | +$21.2K |
|
12003
CALL
FTC Solar
FTCI
$38.8M
| $68K | ﹤0.01% |
+15,000
| New | +$54K |
|
12004
Sera Prognostics
SERA
$79.1M
| $67.7K | ﹤0.01% |
24,446
-13,253
| -35% | -$32.8K |
|
12005
CALL
Nerdy
NRDY
$93.7M
| $67.6K | ﹤0.01% |
41,500
+500
| +1% | +$798 |
|
12006
PUT
Pangaea Logistics
PANL
$496M
| $67.2K | ﹤0.01% |
+14,300
| New | +$63.5K |
|
12007
PUT
Ocean Power Technologies
OPTT
$55.4M
| $67.2K | ﹤0.01% |
142,900
+63,900
| +81% | +$30.3K |
|
12008
PUT
AirSculpt Technologies
AIRS
$234M
| $67.1K | ﹤0.01% |
+13,900
| New | +$47.2K |
|
|
ASPSZ
12009
Altisource Portfolio Solutions SA Cash Exercise Stakeholder Warrants
ASPSZ
$7.05M
| $67K | ﹤0.01% |
+131,413
| New | +$67.6K |
|
12010
PUT
Full House Resorts
FLL
$83.5M
| $67K | ﹤0.01% |
18,300
-30,300
| -62% | -$102K |
|
12011
Spruce Power Holding Corp
SPRU
$38.9M
| $66.4K | ﹤0.01% |
32,883
-47,208
| -59% | -$92.2K |
|
12012
PUT
SelectQuote
SLQT
$126M
| $66.2K | ﹤0.01% |
27,800
-352,000
| -93% | -$924K |
|
12013
X4 Pharmaceuticals
XFOR
$425M
| $66.2K | ﹤0.01% |
34,821
-22,258
| -39% | -$91.1K |
|
|
BDN
12014
CALL
Brandywine Realty Trust
BDN
$541M
| $66.1K | ﹤0.01% |
15,400
-62,600
| -80% | -$260K |
|
12015
FibroBiologics
FBLG
$7.39M
| $66K | ﹤0.01% |
5,305
+3,545
| +201% | +$63.9K |
|
12016
PUT
Five Point Holdings
FPH
$372M
| $66K | ﹤0.01% |
12,000
-17,500
| -59% | -$93.7K |
|
12017
PUT
Annexon
ANNX
$873M
| $65.8K | ﹤0.01% |
27,400
-3,500
| -11% | -$7.02K |
|
12018
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$28.3M
| $65.2K | ﹤0.01% |
1,976
-25,512
| -93% | -$1.21M |
|
12019
Cibus
CBUS
$145M
| $65.2K | ﹤0.01% |
47,213
+7,602
| +19% | +$15.5K |
|
12020
Ebang International Holdings
EBON
$12.3M
| $65.1K | ﹤0.01% |
19,741
+9,131
| +86% | +$33.1K |
|
12021
PUT
Talkspace
TALK
$869M
| $64.8K | ﹤0.01% |
23,300
-159,500
| -87% | -$470K |
|
|
BRSP
12022
PUT
BrightSpire Capital
BRSP
$628M
| $64.6K | ﹤0.01% |
12,800
-50,100
| -80% | -$253K |
|
|
SWZ
12023
Swiss Helvetia Fund
SWZ
$76.9M
| $64.6K | ﹤0.01% |
+10,189
| New | +$68.8K |
|
|
CLPR
12024
PUT
Clipper Realty
CLPR
$50.9M
| $64.6K | ﹤0.01% |
+17,600
| New | +$67.3K |
|
|
USARW
12025
DELISTED
USA Rare Earth Inc Warrant
USARW
| $64.3K | ﹤0.01% |
+27,031
| New | +$55.4K |
|
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.