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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Microsoft
MSFT
$3.71T
| $1.36B | 0.16% |
2,623,426
+216,352
| +9% | +$110M |
|
102
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.5B
| $1.36B | 0.16% |
2,929,300
+828,300
| +39% | +$373M |
|
103
PUT
Spotify
SPOT
$100B
| $1.36B | 0.15% |
1,941,300
+282,600
| +17% | +$198M |
|
104
PUT
Pinduoduo
PDD
$131B
| $1.35B | 0.15% |
10,181,500
-1,502,900
| -13% | -$178M |
|
105
CALL
Palo Alto Networks
PANW
$297B
| $1.3B | 0.15% |
6,377,500
+1,615,100
| +34% | +$309M |
|
106
Invesco QQQ Trust
QQQ
$481B
| $1.29B | 0.15% |
2,141,875
-681,565
| -24% | -$390M |
|
107
CALL
Baidu
BIDU
$37.2B
| $1.29B | 0.15% |
9,755,800
+5,072,600
| +108% | +$502M |
|
108
PUT
Citigroup
C
$226B
| $1.27B | 0.15% |
12,514,100
-1,273,000
| -9% | -$121M |
|
|
109
Alphabet (Google) Class A
GOOGL
$4.33T
| $1.26B | 0.14% |
5,178,419
+2,283,397
| +79% | +$478M |
|
110
CALL
ProShares UltraPro QQQ
TQQQ
$37.4B
| $1.24B | 0.14% |
23,888,200
-3,864,200
| -14% | -$176M |
|
111
PUT
GE Vernova
GEV
$264B
| $1.23B | 0.14% |
2,005,200
+569,200
| +40% | +$345M |
|
112
PUT
Salesforce
CRM
$158B
| $1.22B | 0.14% |
5,165,400
+1,193,300
| +30% | +$301M |
|
|
113
CALL
Citigroup
C
$226B
| $1.22B | 0.14% |
12,029,100
+623,800
| +5% | +$59.2M |
|
114
CALL
Reddit
RDDT
$31.1B
| $1.22B | 0.14% |
5,303,000
+629,100
| +13% | +$128M |
|
115
CALL
IBM
IBM
$224B
| $1.21B | 0.14% |
4,280,400
+1,274,700
| +42% | +$334M |
|
116
CALL
VanEck Gold Miners ETF
GDX
$27.4B
| $1.2B | 0.14% |
15,753,100
+3,366,900
| +27% | +$203M |
|
|
117
CALL
Spotify
SPOT
$100B
| $1.18B | 0.14% |
1,695,700
+474,700
| +39% | +$332M |
|
|
CRWV
118
PUT
CoreWeave
CRWV
$49.5B
| $1.18B | 0.13% |
8,611,300
+2,661,500
| +45% | +$315M |
|
119
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $1.16B | 0.13% |
14,841,300
+12,555,100
| +549% | +$1.01B |
|
120
CALL
AbbVie
ABBV
$435B
| $1.15B | 0.13% |
4,960,600
-334,100
| -6% | -$68M |
|
|
121
PUT
Palo Alto Networks
PANW
$297B
| $1.14B | 0.13% |
5,587,300
+1,267,600
| +29% | +$243M |
|
122
Apple
AAPL
$4.57T
| $1.14B | 0.13% |
4,463,087
-499,974
| -10% | -$113M |
|
123
CALL
Marvell Technology
MRVL
$196B
| $1.13B | 0.13% |
13,409,400
+6,540,100
| +95% | +$481M |
|
124
CALL
DoorDash
DASH
$93.7B
| $1.12B | 0.13% |
4,121,600
-324,000
| -7% | -$81.3M |
|
125
CALL
Snowflake
SNOW
$115B
| $1.09B | 0.12% |
4,839,300
+731,600
| +18% | +$157M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.