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 | |
|---|---|---|---|---|---|---|
2276
Amcor
AMCR
$21.3B
| $18.9M | ﹤0.01% |
453,118
+328,803
| +264% | +$13.6M |
|
2277
PUT
Dutch Bros
BROS
$9.09B
| $18.9M | ﹤0.01% |
308,400
-166,700
| -35% | -$9.47M |
|
2278
PUT
IQVIA
IQV
$39B
| $18.9M | ﹤0.01% |
83,700
-69,000
| -45% | -$15M |
|
2279
Genmab
GMAB
$19.6B
| $18.9M | ﹤0.01% |
612,323
+594,371
| +3,311% | +$18.5M |
|
2280
PUT
DHT Holdings
DHT
$3.14B
| $18.8M | ﹤0.01% |
1,539,700
+685,400
| +80% | +$8.63M |
|
2281
CALL
Elbit Systems
ESLT
$36.7B
| $18.8M | ﹤0.01% |
32,500
+7,100
| +28% | +$3.56M |
|
2282
PUT
Infosys
INFY
$49B
| $18.8M | ﹤0.01% |
1,052,900
-299,400
| -22% | -$5.18M |
|
2283
PUT
Raymond James Financial
RJF
$34.8B
| $18.7M | ﹤0.01% |
116,700
-77,200
| -40% | -$12.5M |
|
2284
Targa Resources
TRGP
$59.1B
| $18.7M | ﹤0.01% |
101,566
+49,472
| +95% | +$8.33M |
|
|
EMBJ
2285
PUT
Embraer S.A. ADS
EMBJ
$13.4B
| $18.7M | ﹤0.01% |
290,900
-178,000
| -38% | -$11.2M |
|
|
KLAR
2286
CALL
Klarna Group
KLAR
$7.86B
| $18.7M | ﹤0.01% |
647,100
+534,800
| +476% | +$18.4M |
|
2287
PUT
iShares MSCI South Africa ETF
EZA
$560M
| $18.7M | ﹤0.01% |
271,900
+254,600
| +1,472% | +$16.9M |
|
2288
PUT
Moody's
MCO
$84B
| $18.7M | ﹤0.01% |
36,600
-49,500
| -57% | -$24.2M |
|
2289
PUT
Invitation Homes
INVH
$18B
| $18.7M | ﹤0.01% |
672,000
+576,500
| +604% | +$16.1M |
|
2290
CALL
Restaurant Brands International
QSR
$27.1B
| $18.7M | ﹤0.01% |
273,400
-94,400
| -26% | -$6.51M |
|
2291
CALL
Red Cat Holdings
RCAT
$1.7B
| $18.7M | ﹤0.01% |
2,352,300
+1,065,100
| +83% | +$10.2M |
|
2292
CALL
CF Industries
CF
$17.9B
| $18.6M | ﹤0.01% |
240,900
+2,800
| +1% | +$230K |
|
2293
CALL
Leidos
LDOS
$18B
| $18.6M | ﹤0.01% |
103,200
-42,100
| -29% | -$7.98M |
|
2294
PUT
iShares National Muni Bond ETF
MUB
$45.8B
| $18.6M | ﹤0.01% |
173,700
-69,600
| -29% | -$7.45M |
|
2295
PUT
Old Dominion Freight Line
ODFL
$43.7B
| $18.6M | ﹤0.01% |
118,500
-59,800
| -34% | -$8.57M |
|
2296
CALL
Crinetics Pharmaceuticals
CRNX
$8.99B
| $18.5M | ﹤0.01% |
398,400
+154,500
| +63% | +$6.88M |
|
2297
PUT
Copart
CPRT
$29.3B
| $18.5M | ﹤0.01% |
471,800
+56,800
| +14% | +$2.36M |
|
2298
CALL
Rambus
RMBS
$10.9B
| $18.5M | ﹤0.01% |
201,000
-243,100
| -55% | -$23.9M |
|
2299
CALL
Casey's General Stores
CASY
$31.3B
| $18.5M | ﹤0.01% |
33,400
-66,900
| -67% | -$36.8M |
|
2300
PUT
Impinj
PI
$5.28B
| $18.4M | ﹤0.01% |
106,000
+61,500
| +138% | +$11M |
|
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.