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 | |
|---|---|---|---|---|---|---|
2026
CALL
MSCI
MSCI
$41.5B
| $23.9M | ﹤0.01% |
41,700
-7,600
| -15% | -$4.26M |
|
|
VISN
2027
Vistance Networks Inc
VISN
$2.65B
| $23.9M | ﹤0.01% |
1,319,352
-1,323,934
| -50% | -$22.8M |
|
2028
NIO
NIO
$11.3B
| $23.9M | ﹤0.01% |
4,684,842
-4,867,034
| -51% | -$30M |
|
2029
CALL
Turning Point Brands
TPB
$1.74B
| $23.9M | ﹤0.01% |
220,300
+25,200
| +13% | +$2.46M |
|
2030
Parker-Hannifin
PH
$133B
| $23.8M | ﹤0.01% |
27,072
-3,143
| -10% | -$2.57M |
|
2031
CALL
Floor & Decor
FND
$6.23B
| $23.8M | ﹤0.01% |
390,600
-103,300
| -21% | -$6.7M |
|
2032
CALL
State Street SPDR S&P Bank ETF
KBE
$1.75B
| $23.8M | ﹤0.01% |
391,800
-97,000
| -20% | -$5.71M |
|
|
BLSH
2033
PUT
Bullish
BLSH
$3.69B
| $23.8M | ﹤0.01% |
627,800
-73,600
| -10% | -$3.58M |
|
2034
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $23.8M | ﹤0.01% |
+249,842
| New | +$23.6M |
|
2035
PUT
DaVita
DVA
$11.5B
| $23.7M | ﹤0.01% |
209,000
+11,000
| +6% | +$1.34M |
|
2036
CALL
Public Service Enterprise Group
PEG
$38B
| $23.7M | ﹤0.01% |
295,600
-67,900
| -19% | -$5.54M |
|
2037
Illumina
ILMN
$29B
| $23.7M | ﹤0.01% |
180,437
+114,527
| +174% | +$13.4M |
|
2038
PUT
Enbridge
ENB
$111B
| $23.6M | ﹤0.01% |
494,200
-159,100
| -24% | -$7.6M |
|
2039
PUT
ArcelorMittal
MT
$55.6B
| $23.6M | ﹤0.01% |
518,000
+193,200
| +59% | +$7.94M |
|
2040
PUT
Teladoc Health
TDOC
$1.24B
| $23.5M | ﹤0.01% |
3,362,400
+786,800
| +31% | +$6.16M |
|
2041
Atlassian
TEAM
$41.2B
| $23.5M | ﹤0.01% |
145,106
-168,307
| -54% | -$26.4M |
|
2042
CALL
Vanguard World Funds Extended Duration ETF
EDV
$3.44B
| $23.5M | ﹤0.01% |
361,700
+174,000
| +93% | +$11.8M |
|
2043
Inhibrx
INBX
$1.31B
| $23.5M | ﹤0.01% |
+297,116
| New | +$20.2M |
|
2044
PUT
Exelon
EXC
$47.3B
| $23.4M | ﹤0.01% |
537,600
+366,200
| +214% | +$16.7M |
|
|
PMT
2045
PUT
PennyMac Mortgage Investment
PMT
$826M
| $23.3M | ﹤0.01% |
1,857,600
+183,700
| +11% | +$2.29M |
|
2046
CALL
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$40.4M
| $23.3M | ﹤0.01% |
1,106,100
-301,200
| -21% | -$8.17M |
|
2047
PUT
CF Industries
CF
$18B
| $23.3M | ﹤0.01% |
301,100
-95,800
| -24% | -$7.87M |
|
2048
iShares Core MSCI Europe ETF
IEUR
$9.14B
| $23.3M | ﹤0.01% |
328,058
+225,303
| +219% | +$15.6M |
|
2049
PUT
International Paper
IP
$21.5B
| $23.3M | ﹤0.01% |
590,800
-638,800
| -52% | -$26.3M |
|
2050
PUT
TG Therapeutics
TGTX
$7.42B
| $23.2M | ﹤0.01% |
778,300
-30,200
| -4% | -$986K |
|
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.