13F filer · CIK 1446194 ↗
Susquehanna International Group
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$719.81B
+23% on the quarter before
Positions
12,541
1,783 new · 1,601 sold out
Top 10
26.1%
of the value
Est. gain
+$5.12B
on stocks held all quarter
Est. return
+11.9%
on those stocks since Q1 2025
Positions as of Jun 30, 2025, from Susquehanna International Group's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 38% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF TrCALL~$9.78BAdded · 3.9% → 4.8%+15,830,300 underlying
- SPDR S&P 500 ETF TrPUT~$5.30BAdded · 4.2% → 4.5%+8,578,500 underlying
- Unitedhealth Group IncCALL~$3.78BAdded · 0.3% → 0.7%+12,102,400 underlying
- Unitedhealth Group IncPUT~$2.69BAdded · 0.2% → 0.5%+8,607,800 underlying
- SPDR Gold TrCALL~$2.41BAdded · 0.4% → 0.7%+7,899,800 underlying
- ApplePUT~$1.74BAdded · 0.7% → 0.8%+8,500,500 underlying
- MicrosoftPUT~$1.15BAdded · 0.9% → 1.1%+2,307,000 underlying
- MicrosoftCALL~$1.10BAdded · 1.2% → 1.4%+2,208,100 underlying
- CoreWeavePUT~$970.2MNew · 0.0% → 0.1%+5,949,800 underlying
- PalantirPUT~$915.4MAdded · 0.3% → 0.6%+6,715,100 underlying
Largest sells
Since Q1 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- NvidiaPUT~$6.78BCut · 2.6% → 2.1%−42,916,100 underlying
- SPDR S&P 500 ETF Tr~$5.66BCut · 2.3% → 1.3%−9,160,560 shares
- NvidiaCALL~$3.17BCut · 3.0% → 3.1%−20,092,200 underlying
- TeslaPUT~$3.06BCut · 2.5% → 2.1%−9,648,400 underlying
- Invesco Qqq TrPUT~$3.03BCut · 2.2% → 1.7%−5,495,500 underlying
- Ishares TrPUT~$2.39BCut · 1.9% → 1.4%−11,095,500 underlying
- Walmart IncPUT~$1.45BCut · 0.4% → 0.1%−14,823,800 underlying
- Ishares TrCALL~$1.17BCut · 0.7% → 0.5%−5,429,200 underlying
- Select Sector SPDR TrPUT~$1.07BCut · 0.2% → 0.1%−7,245,600 underlying
- Ishares TrCALL~$993.4MCut · 0.3% → 0.1%−1,600,000 underlying
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrCALLTR UNIT · shares +39% | 4.8% | $34.83B | — | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares +19% | 4.5% | $32.73B | — | ||||||||
| NvidiaCALLCOM · shares −12% | 3.1% | $22.45B | — | ||||||||
| TeslaCALLCOM · shares +3.6% | 2.6% | $19.00B | — | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares −1.7% | 2.2% | $15.80B | — | ||||||||
| NvidiaPUTCOM · shares −30% | 2.1% | $15.46B | — | ||||||||
| TeslaPUTCOM · shares −17% | 2.1% | $14.95B | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares −20% | 1.7% | $12.28B | — | ||||||||
| MetaCALLCL A · shares +2.7% | 1.4% | $10.37B | — | ||||||||
| MicrosoftCALLCOM · shares +12% | 1.4% | $10.32B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares −19% | 1.4% | $9.91B | — | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares −38% · price +10.5% | 1.3% | $9.18B | +$869.0M | ||||||||
| MetaPUTCL A · shares −7.1% | 1.1% | $8.22B | — | ||||||||
| MicrosoftPUTCOM · shares +17% | 1.1% | $7.83B | — | ||||||||
| AppleCALLCOM · shares −7.4% | 1.0% | $7.27B | — | ||||||||
| AmazonCALLCOM · shares +11% | 0.84% | $6.03B | — | ||||||||
| NetflixCALLCOM · shares +17% | 0.79% | $5.66B | — | ||||||||
| NetflixPUTCOM · shares −1.9% | 0.77% | $5.56B | — | ||||||||
| ApplePUTCOM · shares +47% | 0.76% | $5.49B | — | ||||||||
| SPDR Gold TrCALLGOLD SHS · shares +90% | 0.71% | $5.08B | — | ||||||||
| Unitedhealth Group IncCALLCOM · shares +378% | 0.66% | $4.77B | — | ||||||||
| Microstrategy IncPUTCL A NEW · shares +6.3% | 0.62% | $4.49B | — | ||||||||
| AmazonPUTCOM · shares +13% | 0.61% | $4.41B | — | ||||||||
| Microstrategy IncCALLCL A NEW · shares +24% | 0.60% | $4.28B | — | ||||||||
| AlphabetCALLCAP STK CL A · shares +8.9% | 0.57% | $4.08B | — | ||||||||
| Total · 12,541 positions | 100% | $719.81B | +$5.12B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q1 2025 to Q2 2025: 5,290 stocks held throughout, up $5.12B (+11.9%).
- SPDR S&P 500 ETF Tr+$869.0M+10%
- Nvidia+$467.2M+46%
- Invesco Qqq Tr+$233.6M+18%
- Palantir+$210.9M+62%
- Broadcom+$207.2M+65%
- Graniteshares ETF Tr1:9 split−$21.3M−79%
- Apple−$27.1M−8%
- Ishares Tr−$52.8M−3%
- Cameco Corp1:7 split−$83.2M−74%
- Unitedhealth Group Inc−$139.2M−40%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 38 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $1.28T+44% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $893.33B+3% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $868.03B−1% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $874.95B+22% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $719.81B+23% | SEC ↗ |
| Q1 2025 | May 14, 2025 | $585.86B−12% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $662.68B+16% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $572.47B+7% | SEC ↗ |
| Q2 2024 | Aug 15, 2024 | $537.09B−7% | SEC ↗ |
| Q1 2024 | May 7, 2024 | $575.88B+10% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $525.27B+9% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $480.51B−2% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $491.76B+5% | SEC ↗ |
| Q1 2023 | May 16, 2023 | $470.25B+19% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $395.43B+2% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $386.87B−4% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $404.34B−30% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $578.33B−83% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 (amended) | $3.33T+347% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $745.49B+5% | SEC ↗ |
| Q2 2021 | Aug 11, 2021 | $711.63B+12% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $633.96B−48% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 (amended) | $1.22T+135% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $522.16B+26% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $414.75B+32% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $314.34B−10% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $347.40B+16% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $298.42B−63% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 (amended) | $806.87B+232% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $243.35B−3% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $251.71B−17% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $303.72B+4% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $291.34B+4% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $280.58B−1% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $283.44B+10% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 (amended) | $258.79B+14% | SEC ↗ |
| Q2 2017 | Aug 15, 2017 | $227.60B+15% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $197.71B+0% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $197.00B−5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $207.12B+11% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $186.53B−1% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $187.94B | SEC ↗ |