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 | |
|---|---|---|---|---|---|---|
2151
CleanSpark
CLSK
$3.1B
| $21M | ﹤0.01% |
2,071,283
+565,336
| +38% | +$8.47M |
|
2152
Lemonade
LMND
$4.07B
| $20.9M | ﹤0.01% |
294,164
-97,838
| -25% | -$6.57M |
|
2153
Vulcan Materials
VMC
$36.5B
| $20.9M | ﹤0.01% |
73,408
+55,049
| +300% | +$16.1M |
|
2154
Lamb Weston
LW
$7.3B
| $20.9M | ﹤0.01% |
499,460
+370,638
| +288% | +$21.8M |
|
2155
Core Scientific
CORZ
$6.48B
| $20.9M | ﹤0.01% |
1,436,750
+1,076,866
| +299% | +$18.8M |
|
2156
iShares Global Infrastructure ETF
IGF
$10.7B
| $20.9M | ﹤0.01% |
340,794
+261,801
| +331% | +$16.2M |
|
2157
Huntington Bancshares
HBAN
$36.2B
| $20.9M | ﹤0.01% |
1,204,980
+762,051
| +172% | +$12.5M |
|
2158
Cencora
COR
$59.9B
| $20.8M | ﹤0.01% |
61,726
+1,727
| +3% | +$589K |
|
2159
Agilent Technologies
A
$41.9B
| $20.7M | ﹤0.01% |
152,432
+61,069
| +67% | +$8.78M |
|
2160
PUT
Vanguard Morningstar Growth ETF
VUG
$230B
| $20.7M | ﹤0.01% |
255,000
-239,400
| -48% | -$19.4M |
|
2161
CALL
Viking Holdings
VIK
$43.7B
| $20.7M | ﹤0.01% |
290,100
+34,400
| +13% | +$2.2M |
|
2162
PUT
Mineralys Therapeutics
MLYS
$2.27B
| $20.7M | ﹤0.01% |
570,800
+533,800
| +1,443% | +$21.4M |
|
2163
PUT
Restaurant Brands International
QSR
$27.1B
| $20.7M | ﹤0.01% |
303,400
-39,200
| -11% | -$2.7M |
|
2164
PUT
Regions Financial
RF
$27.2B
| $20.7M | ﹤0.01% |
763,400
+593,900
| +350% | +$15.2M |
|
2165
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$310M
| $20.7M | ﹤0.01% |
591,800
-54,400
| -8% | -$1.83M |
|
2166
CALL
CorMedix
CRMD
$592M
| $20.7M | ﹤0.01% |
1,777,100
+690,300
| +64% | +$7.63M |
|
2167
PUT
Cenovus Energy
CVE
$57.2B
| $20.7M | ﹤0.01% |
1,221,200
+17,600
| +1% | +$306K |
|
|
FLX
2168
BingEx Ltd
FLX
$146M
| $20.7M | ﹤0.01% |
6,495,883
| – | – |
|
2169
PUT
ProShares Ultra S&P500
SSO
$8.47B
| $20.6M | ﹤0.01% |
355,900
-152,700
| -30% | -$8.74M |
|
2170
CALL
Klaviyo
KVYO
$5.26B
| $20.6M | ﹤0.01% |
634,300
+12,500
| +2% | +$350K |
|
2171
CALL
The RealReal
REAL
$1.39B
| $20.6M | ﹤0.01% |
1,303,400
+468,800
| +56% | +$6.12M |
|
2172
CALL
SiTime
SITM
$21.4B
| $20.6M | ﹤0.01% |
58,200
+300
| +0.5% | +$93.9K |
|
2173
PUT
Archer Daniels Midland
ADM
$38.8B
| $20.5M | ﹤0.01% |
357,300
-390,700
| -52% | -$23.3M |
|
2174
CALL
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $20.5M | ﹤0.01% |
328,100
+177,800
| +118% | +$10.9M |
|
2175
PUT
Mettler-Toledo International
MTD
$28.4B
| $20.5M | ﹤0.01% |
14,700
-3,900
| -21% | -$5.45M |
|
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.