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 | |
|---|---|---|---|---|---|---|
1976
PUT
Public Service Enterprise Group
PEG
$38B
| $25.1M | ﹤0.01% |
312,900
+174,900
| +127% | +$14.3M |
|
1977
PUT
Trane Technologies
TT
$105B
| $25.1M | ﹤0.01% |
64,500
-13,400
| -17% | -$5.54M |
|
1978
Argan
AGX
$8.06B
| $25.1M | ﹤0.01% |
80,109
+10,518
| +15% | +$3.34M |
|
1979
PUT
Travelers Companies
TRV
$77.4B
| $25.1M | ﹤0.01% |
86,500
-41,700
| -33% | -$11.7M |
|
1980
PUT
Starwood Property Trust
STWD
$6.07B
| $25.1M | ﹤0.01% |
1,392,500
+332,800
| +31% | +$6.12M |
|
1981
PUT
ARK Genomic Revolution ETF
ARKG
$1.75B
| $25.1M | ﹤0.01% |
865,100
+281,600
| +48% | +$8.45M |
|
1982
CALL
US Global Jets ETF
JETS
$824M
| $25.1M | ﹤0.01% |
892,500
+181,700
| +26% | +$4.72M |
|
1983
SGHC Ltd
SGHC
$6.72B
| $25M | ﹤0.01% |
2,095,871
+575,678
| +38% | +$6.92M |
|
1984
PUT
Powell Industries
POWL
$7.8B
| $25M | ﹤0.01% |
235,500
-141,000
| -37% | -$15.8M |
|
1985
PUT
Conagra Brands
CAG
$7.46B
| $25M | ﹤0.01% |
1,445,600
-39,400
| -3% | -$700K |
|
1986
American Electric Power
AEP
$68.5B
| $25M | ﹤0.01% |
216,735
+68,901
| +47% | +$8.14M |
|
1987
CALL
-1x Short VIX Futures ETF
SVIX
$173M
| $25M | ﹤0.01% |
1,029,800
+363,400
| +55% | +$7.46M |
|
1988
CALL
Macy's
M
$6.2B
| $24.9M | ﹤0.01% |
1,131,400
-601,000
| -35% | -$12.3M |
|
1989
CALL
IES Holdings
IESC
$15.1B
| $24.9M | ﹤0.01% |
64,100
+10,200
| +19% | +$4.1M |
|
1990
CALL
Stellantis
STLA
$20.2B
| $24.9M | ﹤0.01% |
2,287,400
+355,100
| +18% | +$3.82M |
|
1991
CALL
Globus Medical
GMED
$11.5B
| $24.8M | ﹤0.01% |
284,600
+275,700
| +3,098% | +$20.9M |
|
1992
CALL
iShares Core S&P Small-Cap ETF
IJR
$113B
| $24.8M | ﹤0.01% |
206,600
-84,200
| -29% | -$10.1M |
|
1993
PUT
J.M. Smucker
SJM
$12.9B
| $24.8M | ﹤0.01% |
253,600
-35,300
| -12% | -$3.65M |
|
|
MPT
1994
PUT
Medical Properties Trust
MPT
$2.5B
| $24.8M | ﹤0.01% |
4,959,100
-2,396,200
| -33% | -$12.5M |
|
1995
Toast
TOST
$20.2B
| $24.8M | ﹤0.01% |
698,063
-291,923
| -29% | -$10.5M |
|
1996
CALL
Vulcan Materials
VMC
$36.3B
| $24.8M | ﹤0.01% |
86,900
-46,100
| -35% | -$13.5M |
|
1997
PUT
Mobileye
MBLY
$7.59B
| $24.8M | ﹤0.01% |
2,372,900
+741,500
| +45% | +$9.26M |
|
1998
CALL
Exelixis
EXEL
$12.6B
| $24.8M | ﹤0.01% |
564,900
-96,000
| -15% | -$3.97M |
|
|
FITB
1999
PUT
Fifth Third Bancorp
FITB
$52.7B
| $24.8M | ﹤0.01% |
528,800
+303,900
| +135% | +$13.4M |
|
2000
CALL
Armstrong World Industries
AWI
$7.67B
| $24.7M | ﹤0.01% |
129,400
-20,400
| -14% | -$3.89M |
|
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.