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 | |
|---|---|---|---|---|---|---|
1626
PUT
Canadian Natural Resources
CNQ
$98.1B
| $35.8M | ﹤0.01% |
1,120,700
+216,800
| +24% | +$6.79M |
|
1627
PUT
Argan
AGX
$7.84B
| $35.8M | ﹤0.01% |
132,600
+35,100
| +36% | +$8.04M |
|
1628
PUT
Travelers Companies
TRV
$77.2B
| $35.8M | ﹤0.01% |
128,200
-92,100
| -42% | -$24.7M |
|
1629
CALL
CRISPR Therapeutics
CRSP
$5.22B
| $35.7M | ﹤0.01% |
551,000
-256,100
| -32% | -$14.7M |
|
1630
MSCI
MSCI
$41.8B
| $35.7M | ﹤0.01% |
62,853
+42,329
| +206% | +$23.9M |
|
1631
PUT
Match Group
MTCH
$8.56B
| $35.6M | ﹤0.01% |
1,009,100
+39,600
| +4% | +$1.41M |
|
1632
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$623M
| $35.6M | ﹤0.01% |
380,600
-40,300
| -10% | -$2.85M |
|
1633
PUT
CF Industries
CF
$17.7B
| $35.6M | ﹤0.01% |
396,900
+30,100
| +8% | +$2.68M |
|
1634
Affirm
AFRM
$26.2B
| $35.6M | ﹤0.01% |
487,146
-192,213
| -28% | -$14.6M |
|
1635
CALL
GigaCloud Technology
GCT
$1.9B
| $35.5M | ﹤0.01% |
1,251,300
+425,200
| +51% | +$11.1M |
|
1636
CALL
Plug Power
PLUG
$3.21B
| $35.5M | ﹤0.01% |
15,235,100
+9,258,300
| +155% | +$15.7M |
|
1637
PUT
Toyota
TM
$223B
| $35.5M | ﹤0.01% |
185,600
-35,000
| -16% | -$6.6M |
|
1638
CALL
APA Corp
APA
$14B
| $35.4M | ﹤0.01% |
1,457,400
-687,400
| -32% | -$14.5M |
|
1639
CALL
Alexandria Real Estate Equities
ARE
$8.33B
| $35.4M | ﹤0.01% |
424,300
+74,300
| +21% | +$5.95M |
|
1640
Markel Group
MKL
$22.8B
| $35.4M | ﹤0.01% |
18,499
+9,613
| +108% | +$18.8M |
|
1641
Alibaba
BABA
$293B
| $35.3M | ﹤0.01% |
197,239
-561,502
| -74% | -$73.6M |
|
|
EMBJ
1642
CALL
Embraer S.A. ADS
EMBJ
$13.2B
| $35.2M | ﹤0.01% |
582,100
+422,900
| +266% | +$23.9M |
|
1643
CALL
Revolution Medicines
RVMD
$43.3B
| $35.2M | ﹤0.01% |
753,200
+552,700
| +276% | +$21.6M |
|
1644
CALL
GDS Holdings
GDS
$6.97B
| $35.1M | ﹤0.01% |
906,800
+400,100
| +79% | +$14.2M |
|
|
USAR
1645
CALL
USA Rare Earth Inc
USAR
$4.55B
| $35M | ﹤0.01% |
2,037,600
+1,381,900
| +211% | +$19.7M |
|
1646
CALL
PPG Industries
PPG
$25.5B
| $35M | ﹤0.01% |
332,800
-31,000
| -9% | -$3.45M |
|
1647
Ferguson
FERG
$48B
| $35M | ﹤0.01% |
155,654
-7,300
| -4% | -$1.65M |
|
|
WCN
1648
CALL
Waste Connections
WCN
$41.6B
| $34.9M | ﹤0.01% |
198,700
+124,900
| +169% | +$22.7M |
|
|
KEEL
1649
Keel Infrastructure Corp
KEEL
$2.04B
| $34.9M | ﹤0.01% |
12,382,191
+9,681,857
| +359% | +$15M |
|
1650
PUT
Grab
GRAB
$15.1B
| $34.9M | ﹤0.01% |
5,793,700
+652,800
| +13% | +$3.47M |
|
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.