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 | |
|---|---|---|---|---|---|---|
3351
Avery Dennison
AVY
$13.6B
| $7.92M | ﹤0.01% |
43,527
+28,915
| +198% | +$5M |
|
3352
CALL
Arcutis Biotherapeutics
ARQT
$3.29B
| $7.91M | ﹤0.01% |
272,400
+139,200
| +105% | +$3.56M |
|
3353
Cracker Barrel
CBRL
$1.29B
| $7.91M | ﹤0.01% |
311,383
+157,996
| +103% | +$5.05M |
|
3354
CALL
BlackSky Technology
BKSY
$1.27B
| $7.91M | ﹤0.01% |
421,700
+222,300
| +111% | +$4.53M |
|
3355
Albertsons Companies
ACI
$6.03B
| $7.9M | ﹤0.01% |
460,347
+327,168
| +246% | +$5.83M |
|
3356
PUT
YieldMax NVDA Option Income Strategy ETF
NVDY
$1.47B
| $7.9M | ﹤0.01% |
540,900
-148,200
| -22% | -$2.28M |
|
3357
MPLX
MPLX
$60.3B
| $7.9M | ﹤0.01% |
148,049
-192,121
| -56% | -$10M |
|
3358
PUT
Virgin Galactic
SPCE
$503M
| $7.9M | ﹤0.01% |
2,461,300
+1,141,000
| +86% | +$4.3M |
|
3359
Baxter International
BAX
$13.8B
| $7.9M | ﹤0.01% |
413,340
-616,248
| -60% | -$12.3M |
|
3360
PUT
Goodyear
GT
$1.76B
| $7.9M | ﹤0.01% |
901,700
-460,700
| -34% | -$3.63M |
|
3361
PUT
Western Midstream Partners
WES
$20.2B
| $7.89M | ﹤0.01% |
199,700
-155,300
| -44% | -$6.02M |
|
3362
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$342M
| $7.89M | ﹤0.01% |
72,700
-11,600
| -14% | -$1.25M |
|
3363
CALL
iShares Russell 2000 Growth ETF
IWO
$15.2B
| $7.88M | ﹤0.01% |
24,400
+9,200
| +61% | +$2.99M |
|
3364
CALL
Construction Partners
ROAD
$6.9B
| $7.88M | ﹤0.01% |
72,600
+28,600
| +65% | +$3.22M |
|
3365
CALL
East-West Bancorp
EWBC
$18.7B
| $7.88M | ﹤0.01% |
70,100
+8,400
| +14% | +$891K |
|
3366
Sprott Physical Gold and Silver Trust
CEF
$8.23B
| $7.87M | ﹤0.01% |
171,779
+48,747
| +40% | +$1.97M |
|
|
CTRA
3367
PUT
DELISTED
Coterra Energy
CTRA
| $7.86M | ﹤0.01% |
298,700
-143,600
| -32% | -$3.62M |
|
3368
L3Harris
LHX
$54.3B
| $7.86M | ﹤0.01% |
26,772
+8,042
| +43% | +$2.32M |
|
|
SUPV
3369
CALL
Grupo Supervielle
SUPV
$705M
| $7.85M | ﹤0.01% |
664,200
+396,300
| +148% | +$3.88M |
|
|
MRP
3370
CALL
Millrose Properties Inc
MRP
$5.04B
| $7.84M | ﹤0.01% |
262,400
-121,900
| -32% | -$3.82M |
|
3371
CALL
FIVE9
FIVN
$2.47B
| $7.83M | ﹤0.01% |
390,700
-130,500
| -25% | -$2.77M |
|
3372
CALL
Par Pacific Holdings
PARR
$4.02B
| $7.83M | ﹤0.01% |
222,800
-160,200
| -42% | -$6.37M |
|
3373
PUT
Ashland
ASH
$3.38B
| $7.83M | ﹤0.01% |
133,400
+127,200
| +2,052% | +$6.72M |
|
3374
CALL
Lamar Advertising Co
LAMR
$15.8B
| $7.82M | ﹤0.01% |
61,800
-49,100
| -44% | -$6.15M |
|
3375
Concentrix
CNXC
$1.49B
| $7.82M | ﹤0.01% |
188,005
+36,569
| +24% | +$1.48M |
|
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.