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 | |
|---|---|---|---|---|---|---|
12026
CALL
AerSale
ASLE
$269M
| $64.3K | ﹤0.01% |
10,700
-5,700
| -35% | -$36.5K |
|
12027
PUT
ARKO Corp
ARKO
$500M
| $64.3K | ﹤0.01% |
15,200
-19,200
| -56% | -$83.9K |
|
12028
NLI Holdings
NL
$329M
| $64.3K | ﹤0.01% |
10,045
-365
| -4% | -$2.75K |
|
12029
CALL
Genasys
GNSS
$77.4M
| $63.8K | ﹤0.01% |
36,900
-1,200
| -3% | -$2.21K |
|
|
QVCGA
12030
DELISTED
QVC Group Inc Series A
QVCGA
| $63.8K | ﹤0.01% |
23,192
+22,662
| +4,276% | +$130K |
|
12031
PUT
Arbe Robotics
ARBE
$94.2M
| $63.7K | ﹤0.01% |
35,800
-78,600
| -69% | -$112K |
|
12032
Alpha Teknova
TKNO
$397M
| $63.6K | ﹤0.01% |
12,960
-163,420
| -93% | -$962K |
|
12033
CALL
Outdoor Holding Co
POWW
$267M
| $63.6K | ﹤0.01% |
49,700
+21,200
| +74% | +$33.6K |
|
|
FOLD
12034
CALL
DELISTED
Amicus Therapeutics
FOLD
| $63.6K | ﹤0.01% |
11,100
-8,600
| -44% | -$55.5K |
|
12035
PUT
Aldeyra Therapeutics
ALDX
$91.7M
| $63.6K | ﹤0.01% |
16,600
-21,400
| -56% | -$55.3K |
|
|
IHD
12036
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$133M
| $63.4K | ﹤0.01% |
+10,680
| New | +$57.8K |
|
|
MASK
12037
3 E Network Technology Group
MASK
$4.98M
| $63.3K | ﹤0.01% |
1,146
+698
| +156% | +$58.5K |
|
12038
374Water
SCWO
$41.1M
| $63.1K | ﹤0.01% |
19,458
+11,453
| +143% | +$38.5K |
|
|
NB
12039
PUT
NioCorp Developments
NB
$760M
| $62.7K | ﹤0.01% |
26,900
+15,500
| +136% | +$38.7K |
|
12040
CALL
Genelux
GNLX
$121M
| $62.6K | ﹤0.01% |
+21,800
| New | +$57.6K |
|
12041
PUT
Evolution Petroleum
EPM
$134M
| $62.5K | ﹤0.01% |
+13,300
| New | +$60.3K |
|
|
GAU
12042
Galiano Gold
GAU
$547M
| $62.5K | ﹤0.01% |
49,215
-5,496
| -10% | -$7.47K |
|
12043
CALL
Avita Medical
RCEL
$251M
| $62.4K | ﹤0.01% |
+11,800
| New | +$85.8K |
|
12044
Harvard Bioscience
HBIO
$28.1M
| $62.3K | ﹤0.01% |
14,046
+7,765
| +124% | +$32.4K |
|
|
MVO
12045
PUT
DELISTED
MV Oil Trust
MVO
| $62.2K | ﹤0.01% |
+10,800
| New | +$62.6K |
|
12046
CALL
Lineage Cell Therapeutics
LCTX
$268M
| $62.2K | ﹤0.01% |
+68,300
| New | +$40.5K |
|
12047
PUT
Gerdau
GGB
$9.48B
| $61.6K | ﹤0.01% |
21,100
-14,900
| -41% | -$40.8K |
|
12048
CALL
Sensus Healthcare
SRTS
$51.5M
| $60.7K | ﹤0.01% |
12,800
-3,800
| -23% | -$17.8K |
|
12049
Cocrystal Pharma
COCP
$15.4M
| $60.5K | ﹤0.01% |
40,619
+6,936
| +21% | +$10.3K |
|
|
BULLZ
12050
DELISTED
Webull Corporation Incentive Warrant
BULLZ
| $60.3K | ﹤0.01% |
+32,254
| New | +$77K |
|
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.