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 | |
|---|---|---|---|---|---|---|
3551
CALL
Otis Worldwide
OTIS
$27.6B
| $6.93M | ﹤0.01% |
79,300
-211,400
| -73% | -$18.9M |
|
|
CSGS
3552
DELISTED
CSG Systems International
CSGS
| $6.91M | ﹤0.01% |
90,114
+46,299
| +106% | +$3.42M |
|
3553
CALL
ScottsMiracle-Gro
SMG
$3.55B
| $6.91M | ﹤0.01% |
118,400
+5,100
| +5% | +$286K |
|
3554
PUT
Dycom Industries
DY
$12.6B
| $6.89M | ﹤0.01% |
20,400
+6,500
| +47% | +$2.05M |
|
3555
PUT
Silicon Motion
SIMO
$9.12B
| $6.89M | ﹤0.01% |
74,300
-50,100
| -40% | -$4.6M |
|
3556
Ametek
AME
$58.4B
| $6.89M | ﹤0.01% |
33,541
+300
| +0.9% | +$58.4K |
|
3557
Masco
MAS
$14.7B
| $6.89M | ﹤0.01% |
108,498
+18,559
| +21% | +$1.2M |
|
|
FRMI
3558
Fermi Inc
FRMI
$4.08B
| $6.88M | ﹤0.01% |
+859,942
| New | +$16.8M |
|
|
DAWN
3559
DELISTED
Day One Biopharmaceuticals
DAWN
| $6.87M | ﹤0.01% |
737,660
+708,806
| +2,457% | +$5.92M |
|
3560
NewAmsterdam Pharma
NAMS
$3.23B
| $6.86M | ﹤0.01% |
195,635
+43,798
| +29% | +$1.59M |
|
3561
CALL
OSI Systems
OSIS
$3.76B
| $6.86M | ﹤0.01% |
26,900
+300
| +1% | +$78.4K |
|
3562
PUT
UWM Holdings
UWMC
$2.55B
| $6.86M | ﹤0.01% |
1,565,700
+1,025,200
| +190% | +$5.51M |
|
3563
CALL
iShares MSCI Turkey ETF
TUR
$222M
| $6.85M | ﹤0.01% |
199,000
+161,900
| +436% | +$5.48M |
|
3564
PUT
Universal Display
OLED
$4.09B
| $6.84M | ﹤0.01% |
58,600
-22,600
| -28% | -$2.93M |
|
3565
Laureate Education
LAUR
$5.18B
| $6.83M | ﹤0.01% |
202,955
-53,559
| -21% | -$1.65M |
|
3566
Iron Mountain
IRM
$38.5B
| $6.82M | ﹤0.01% |
82,195
+14,952
| +22% | +$1.4M |
|
3567
CALL
Winnebago Industries
WGO
$892M
| $6.82M | ﹤0.01% |
168,200
+126,200
| +300% | +$4.6M |
|
3568
Forward Air
FWRD
$640M
| $6.8M | ﹤0.01% |
272,123
+46,495
| +21% | +$1.05M |
|
3569
PUT
Carpenter Technology
CRS
$27B
| $6.8M | ﹤0.01% |
21,600
-27,700
| -56% | -$8.33M |
|
3570
PUT
Zebra Technologies
ZBRA
$17.8B
| $6.8M | ﹤0.01% |
28,000
+6,100
| +28% | +$1.63M |
|
|
3571
PUT
Ametek
AME
$58.4B
| $6.8M | ﹤0.01% |
33,100
+31,500
| +1,969% | +$6.13M |
|
3572
PUT
Richtech Robotics
RR
$402M
| $6.79M | ﹤0.01% |
2,101,400
+310,500
| +17% | +$1.37M |
|
3573
Thomson Reuters
TRI
$44.9B
| $6.79M | ﹤0.01% |
50,663
-185,529
| -79% | -$26.9M |
|
3574
CALL
A.O. Smith
AOS
$8.45B
| $6.77M | ﹤0.01% |
101,300
+7,300
| +8% | +$493K |
|
3575
QuantumScape Corp
QS
$3.81B
| $6.76M | ﹤0.01% |
648,752
-733,368
| -53% | -$10.1M |
|
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.