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 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.7% |
| 2 | Consumer Discretionary | 0.84% |
| 3 | Communication Services | 0.67% |
| 4 | Financials | 0.66% |
| 5 | Healthcare | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3226
PUT
CorMedix
CRMD
$588M
| $8.77M | ﹤0.01% |
754,500
-51,800
| -6% | -$573K |
|
3227
Sprout Social
SPT
$599M
| $8.77M | ﹤0.01% |
778,143
+674,516
| +651% | +$7.28M |
|
|
SERV
3228
Serve Robotics
SERV
$433M
| $8.76M | ﹤0.01% |
844,300
-792,175
| -48% | -$9.51M |
|
3229
Crown Holdings
CCK
$12.9B
| $8.75M | ﹤0.01% |
85,011
+52,845
| +164% | +$5.15M |
|
3230
PUT
Sweetgreen
SG
$748M
| $8.74M | ﹤0.01% |
1,293,600
-517,200
| -29% | -$3.55M |
|
3231
CALL
M/I Homes
MHO
$3.85B
| $8.74M | ﹤0.01% |
68,300
-30,800
| -31% | -$4.07M |
|
3232
CALL
CACI
CACI
$14.8B
| $8.74M | ﹤0.01% |
16,400
+1,500
| +10% | +$848K |
|
3233
CALL
Delek US
DK
$4.01B
| $8.74M | ﹤0.01% |
294,600
-561,400
| -66% | -$20M |
|
3234
CALL
Manhattan Associates
MANH
$11.5B
| $8.73M | ﹤0.01% |
50,400
+32,100
| +175% | +$5.87M |
|
3235
ECARX Holdings
ECX
$421M
| $8.72M | ﹤0.01% |
5,069,836
| – | – |
|
3236
Packaging Corp of America
PKG
$22.8B
| $8.71M | ﹤0.01% |
42,221
+29,255
| +226% | +$5.95M |
|
3237
Vanguard Total Corporate Bond ETF
VTC
$1.71B
| $8.71M | ﹤0.01% |
+112,139
| New | +$8.77M |
|
3238
PUT
Polaris
PII
$3.95B
| $8.7M | ﹤0.01% |
137,600
+33,000
| +32% | +$2.17M |
|
3239
CALL
Vertex
VERX
$2.06B
| $8.7M | ﹤0.01% |
435,800
+27,200
| +7% | +$588K |
|
3240
CALL
SS&C Technologies
SSNC
$19.1B
| $8.7M | ﹤0.01% |
99,500
-278,700
| -74% | -$23.8M |
|
3241
PUT
Aramark
ARMK
$16.4B
| $8.7M | ﹤0.01% |
235,900
-144,000
| -38% | -$5.49M |
|
3242
CALL
The Ensign Group
ENSG
$10.6B
| $8.69M | ﹤0.01% |
49,900
+1,600
| +3% | +$287K |
|
3243
PUT
Middleby
MIDD
$5.33B
| $8.68M | ﹤0.01% |
58,400
+34,200
| +141% | +$4.49M |
|
|
AMRZ
3244
CALL
Amrize Ltd
AMRZ
$25.5B
| $8.67M | ﹤0.01% |
160,400
+94,400
| +143% | +$4.82M |
|
|
TGB
3245
CALL
Trekor Metals
TGB
$3.06B
| $8.67M | ﹤0.01% |
1,531,900
-258,300
| -14% | -$1.22M |
|
3246
EPAM Systems
EPAM
$5.18B
| $8.66M | ﹤0.01% |
42,278
+6,955
| +20% | +$1.24M |
|
|
GEMI
3247
PUT
Gemini Space Station
GEMI
$508M
| $8.66M | ﹤0.01% |
872,800
+149,300
| +21% | +$2.33M |
|
3248
PUT
A.O. Smith
AOS
$8.45B
| $8.63M | ﹤0.01% |
129,100
+115,900
| +878% | +$7.83M |
|
3249
CALL
Coca-Cola Consolidated
COKE
$12.6B
| $8.63M | ﹤0.01% |
56,300
+10,200
| +22% | +$1.5M |
|
3250
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$629M
| $8.63M | ﹤0.01% |
54,140
+16,358
| +43% | +$2.25M |
|
Similar funds
Susquehanna International Group's Q4 2025 Portfolio in Review
As of Q4 2025, Susquehanna International Group held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Susquehanna International Group's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Susquehanna International Group added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Susquehanna International Group's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Susquehanna International Group fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Susquehanna International Group's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Susquehanna International Group opened 1,864 new positions and closed 1,914 in Q4 2025.
- Susquehanna International Group's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.