13F filer · CIK 1446194 ↗
Susquehanna International Group
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$874.95B
+22% on the quarter before
Positions
12,230
1,867 new · 2,178 sold out
Top 10
24.5%
of the value
Est. gain
+$4.02B
on stocks held all quarter
Est. return
+8.8%
on those stocks since Q2 2025
Positions as of Sep 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, 36% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2025. Striped tiles are options.
Largest buys
Since Q2 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.
- Invesco Qqq TrPUT~$4.67BAdded · 1.7% → 2.1%+7,777,600 underlying
- SPDR S&P 500 ETF TrPUT~$2.66BAdded · 4.5% → 4.3%+3,992,700 underlying
- AmazonCALL~$2.48BAdded · 0.8% → 1.0%+11,284,100 underlying
- Unitedhealth Group IncCALL~$2.48BAdded · 0.7% → 0.9%+7,171,900 underlying
- ApplePUT~$2.36BAdded · 0.8% → 1.0%+9,259,500 underlying
- OracleCALL~$2.28BAdded · 0.2% → 0.5%+8,094,700 underlying
- AppleCALL~$2.02BAdded · 1.0% → 1.3%+7,944,600 underlying
- AppLovinPUT~$1.86BAdded · 0.1% → 0.4%+2,584,500 underlying
- OraclePUT~$1.70BAdded · 0.2% → 0.4%+6,041,600 underlying
- Ishares Bitcoin Trust ETFCALL~$1.62BAdded · 0.2% → 0.4%+24,935,500 underlying
Largest sells
Since Q2 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.
- TeslaCALL~$3.07BCut · 2.6% → 2.7%−6,898,300 underlying
- NvidiaCALL~$2.79BCut · 3.1% → 2.7%−14,970,600 underlying
- TeslaPUT~$2.77BCut · 2.1% → 2.1%−6,224,500 underlying
- NvidiaPUT~$1.93BCut · 2.1% → 1.9%−10,317,300 underlying
- MicrosoftPUT~$1.27BCut · 1.1% → 0.8%−2,458,700 underlying
- SPDR S&P 500 ETF Tr~$1.18BCut · 1.3% → 1.0%−1,776,429 shares
- Ishares Tr~$879.3MCut · 0.2% → 0.1%−9,839,309 shares
- Palantir~$821.2MCut · 0.1% → 0.0%−4,501,577 shares
- CoinbasePUT~$811.5MCut · 0.5% → 0.3%−2,404,500 underlying
- Ishares TrPUT~$796.8MCut · 0.3% → 0.2%−9,813,600 underlying
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrPUTTR UNIT · shares +7.5% | 4.3% | $37.95B | — | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares −1.2% | 4.2% | $37.12B | — | ||||||||
| NvidiaCALLCOM · shares −11% | 2.7% | $23.71B | — | ||||||||
| TeslaCALLCOM · shares −12% | 2.7% | $23.53B | — | ||||||||
| TeslaPUTCOM · shares −13% | 2.1% | $18.16B | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +35% | 2.1% | $18.03B | — | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares −0.8% | 2.0% | $17.07B | — | ||||||||
| NvidiaPUTCOM · shares −11% | 1.9% | $16.34B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares +0.6% | 1.3% | $11.19B | — | ||||||||
| AppleCALLCOM · shares +22% | 1.3% | $11.05B | — | ||||||||
| MicrosoftCALLCOM · shares +1.7% | 1.2% | $10.93B | — | ||||||||
| MetaCALLCL A · shares −2.9% | 1.1% | $10.03B | — | ||||||||
| ApplePUTCOM · shares +35% | 1.0% | $9.18B | — | ||||||||
| SPDR S&P 500 ETF TrTR UNIT · shares −12% · price +7.8% | 1.00% | $8.72B | +$632.5M | ||||||||
| AmazonCALLCOM · shares +41% | 0.97% | $8.52B | — | ||||||||
| Unitedhealth Group IncCALLCOM · shares +47% | 0.89% | $7.76B | — | ||||||||
| MetaPUTCL A · shares −9.4% | 0.85% | $7.41B | — | ||||||||
| SPDR Gold TrCALLGOLD SHS · shares +19% | 0.81% | $7.05B | — | ||||||||
| MicrosoftPUTCOM · shares −16% | 0.79% | $6.88B | — | ||||||||
| NetflixPUTCOM · shares +23% | 0.70% | $6.14B | — | ||||||||
| PalantirCALLCL A · shares +8.9% | 0.63% | $5.51B | — | ||||||||
| AlphabetCALLCAP STK CL A · shares −5.8% | 0.61% | $5.31B | — | ||||||||
| Strategy IncPUTCL A NEW · shares +39% | 0.57% | $4.99B | — | ||||||||
| Unitedhealth Group IncPUTCOM · shares +33% | 0.57% | $4.96B | — | ||||||||
| PalantirPUTCL A · shares −7.9% | 0.56% | $4.92B | — | ||||||||
| Total · 12,230 positions | 100% | $874.95B | +$4.02B |
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 Q2 2025 to Q3 2025: 4,719 stocks held throughout, up $4.02B (+8.8%).
- SPDR S&P 500 ETF Tr+$632.5M+8%
- Tesla+$280.7M+40%
- Nvidia+$226.2M+18%
- Apple+$220.7M+24%
- AppLovin+$207.6M+105%
- Riot Platforms1:11 split−$28.9M−85%
- Netflix−$30.3M−10%
- Circle−$33.6M−27%
- The Trade Desk−$34.0M−32%
- Finvolution Group−$34.8M−22%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 39 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 ↗ |