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 | |
|---|---|---|---|---|---|---|
4401
NiSource
NI
$20.4B
| $3.98M | ﹤0.01% |
95,328
+21,046
| +28% | +$899K |
|
|
TWO
4402
CALL
Two Harbors Investment
TWO
$1.27B
| $3.98M | ﹤0.01% |
379,000
+233,900
| +161% | +$2.34M |
|
4403
Trex
TREX
$5.06B
| $3.98M | ﹤0.01% |
113,401
+73,718
| +186% | +$2.98M |
|
4404
ProShares UltraShort S&P500
SDS
$366M
| $3.98M | ﹤0.01% |
+58,043
| New | +$4.1M |
|
4405
PUT
CNX Resources
CNX
$5.28B
| $3.97M | ﹤0.01% |
108,100
-3,200
| -3% | -$115K |
|
4406
ScottsMiracle-Gro
SMG
$3.55B
| $3.97M | ﹤0.01% |
68,090
-28,703
| -30% | -$1.61M |
|
|
JMIA
4407
PUT
Jumia Technologies
JMIA
$772M
| $3.97M | ﹤0.01% |
317,900
+14,400
| +5% | +$166K |
|
4408
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.9B
| $3.97M | ﹤0.01% |
46,855
+44,382
| +1,795% | +$3.72M |
|
4409
PUT
Denison Mines
DNN
$2.92B
| $3.96M | ﹤0.01% |
1,489,500
+590,400
| +66% | +$1.61M |
|
4410
CALL
Credicorp
BAP
$30.7B
| $3.96M | ﹤0.01% |
13,800
+7,100
| +106% | +$1.88M |
|
4411
CALL
Toro Company
TTC
$9.37B
| $3.96M | ﹤0.01% |
50,300
-66,000
| -57% | -$4.88M |
|
4412
Booz Allen Hamilton
BAH
$9.32B
| $3.96M | ﹤0.01% |
46,928
-662,573
| -93% | -$59.3M |
|
4413
CALL
Extra Space Storage
EXR
$31.2B
| $3.96M | ﹤0.01% |
30,400
-25,100
| -45% | -$3.42M |
|
4414
PUT
Levi Strauss
LEVI
$8.68B
| $3.95M | ﹤0.01% |
190,500
-226,800
| -54% | -$4.89M |
|
|
OPRA
4415
PUT
Opera Ltd
OPRA
$1.82B
| $3.95M | ﹤0.01% |
279,000
+78,700
| +39% | +$1.16M |
|
4416
BellRing Brands
BRBR
$1.25B
| $3.95M | ﹤0.01% |
147,789
+105,115
| +246% | +$3.26M |
|
4417
PUT
Thomson Reuters
TRI
$44.9B
| $3.94M | ﹤0.01% |
29,438
-168,163
| -85% | -$24.4M |
|
4418
Innodata
INOD
$2.09B
| $3.94M | ﹤0.01% |
77,363
+29,500
| +62% | +$1.92M |
|
4419
Tilray
TLRY
$643M
| $3.94M | ﹤0.01% |
436,165
-576,448
| -57% | -$7.03M |
|
|
ONIT
4420
PUT
Onity Group
ONIT
$328M
| $3.94M | ﹤0.01% |
+86,000
| New | +$3.53M |
|
4421
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.3B
| $3.94M | ﹤0.01% |
40,635
+13,928
| +52% | +$1.34M |
|
4422
CALL
Banc of California
BANC
$3.13B
| $3.94M | ﹤0.01% |
204,000
-143,500
| -41% | -$2.57M |
|
|
EXK
4423
PUT
Endeavour Silver
EXK
$3.16B
| $3.93M | ﹤0.01% |
418,500
+254,800
| +156% | +$2.16M |
|
4424
Coca-Cola Consolidated
COKE
$12.6B
| $3.92M | ﹤0.01% |
+25,585
| New | +$3.75M |
|
4425
Murphy USA
MUSA
$10.5B
| $3.92M | ﹤0.01% |
9,713
-455
| -4% | -$175K |
|
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.