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 | |
|---|---|---|---|---|---|---|
2201
PUT
International Flavors & Fragrances
IFF
$21.4B
| $20.1M | ﹤0.01% |
327,200
+220,000
| +205% | +$15.1M |
|
2202
CALL
PENN Entertainment
PENN
$2.53B
| $20.1M | ﹤0.01% |
1,044,100
-466,400
| -31% | -$8.75M |
|
2203
PUT
Globalstar
GSAT
$10.8B
| $20.1M | ﹤0.01% |
552,500
+186,200
| +51% | +$5.34M |
|
2204
CALL
Krystal Biotech
KRYS
$9.72B
| $20.1M | ﹤0.01% |
113,800
-75,100
| -40% | -$11.2M |
|
|
SPYM
2205
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $20.1M | ﹤0.01% |
256,400
-358,800
| -58% | -$27.1M |
|
2206
SGHC Ltd
SGHC
$6.51B
| $20.1M | ﹤0.01% |
1,520,193
+1,328,347
| +692% | +$15.6M |
|
|
VG
2207
CALL
Venture Global Inc
VG
$33.9B
| $20.1M | ﹤0.01% |
1,413,900
+218,900
| +18% | +$3.12M |
|
2208
PUT
Everest Group
EG
$13.9B
| $20M | ﹤0.01% |
57,100
-52,700
| -48% | -$17.8M |
|
2209
HCA Healthcare
HCA
$89.1B
| $20M | ﹤0.01% |
46,871
-136
| -0.3% | -$52.7K |
|
2210
CALL
Cincinnati Financial
CINF
$26.5B
| $19.9M | ﹤0.01% |
126,000
+6,200
| +5% | +$941K |
|
2211
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $19.9M | ﹤0.01% |
367,600
+105,800
| +40% | +$5.45M |
|
|
MPT
2212
CALL
Medical Properties Trust
MPT
$2.51B
| $19.9M | ﹤0.01% |
3,927,100
-861,600
| -18% | -$3.8M |
|
2213
PUT
Teladoc Health
TDOC
$1.26B
| $19.9M | ﹤0.01% |
2,575,600
+584,700
| +29% | +$4.56M |
|
2214
PUT
The GEO Group
GEO
$4B
| $19.9M | ﹤0.01% |
971,300
+93,600
| +11% | +$2.14M |
|
2215
PUT
Halozyme
HALO
$11.6B
| $19.9M | ﹤0.01% |
271,200
+136,800
| +102% | +$9.09M |
|
2216
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$9.38B
| $19.9M | ﹤0.01% |
+619,405
| New | +$19.1M |
|
2217
PUT
Ball Corp
BALL
$16.4B
| $19.9M | ﹤0.01% |
393,800
+24,800
| +7% | +$1.34M |
|
|
MTSR
2218
PUT
DELISTED
Metsera Inc
MTSR
| $19.8M | ﹤0.01% |
379,300
+338,600
| +832% | +$12.5M |
|
2219
CALL
Bath & Body Works
BBWI
$3.76B
| $19.8M | ﹤0.01% |
770,400
+179,100
| +30% | +$5.31M |
|
2220
Futu Holdings
FUTU
$14.7B
| $19.8M | ﹤0.01% |
114,110
-11,871
| -9% | -$1.97M |
|
2221
PUT
Guardant Health
GH
$21.4B
| $19.8M | ﹤0.01% |
316,700
+147,400
| +87% | +$8.02M |
|
2222
Liquidia Corp
LQDA
$6.45B
| $19.8M | ﹤0.01% |
870,013
-129,596
| -13% | -$2.81M |
|
2223
CALL
Sibanye-Stillwater
SBSW
$7.42B
| $19.7M | ﹤0.01% |
1,755,200
-661,800
| -27% | -$5.78M |
|
2224
CALL
Freshpet
FRPT
$3.48B
| $19.7M | ﹤0.01% |
357,800
+60,700
| +20% | +$3.76M |
|
|
EXE
2225
Expand Energy Corp
EXE
$21.9B
| $19.7M | ﹤0.01% |
185,376
-176,651
| -49% | -$17.7M |
|
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.