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 | |
|---|---|---|---|---|---|---|
226
PUT
AbbVie
ABBV
$435B
| $579M | 0.07% |
2,532,100
-529,600
| -17% | -$121M |
|
227
CALL
Warner Bros
WBD
$67.1B
| $577M | 0.07% |
20,029,400
+8,039,300
| +67% | +$188M |
|
228
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $572M | 0.07% |
14,935,400
+674,000
| +5% | +$26.7M |
|
229
PUT
Target
TGT
$68B
| $566M | 0.07% |
5,793,600
-2,112,700
| -27% | -$195M |
|
230
CALL
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $564M | 0.07% |
12,621,200
-561,400
| -4% | -$25M |
|
231
CALL
Vanguard S&P 500 ETF
VOO
$1.03T
| $562M | 0.06% |
896,800
+301,700
| +51% | +$187M |
|
232
CALL
Lumentum
LITE
$69.3B
| $559M | 0.06% |
1,515,300
+604,100
| +66% | +$155M |
|
233
PUT
McDonald's
MCD
$195B
| $552M | 0.06% |
1,804,800
-93,000
| -5% | -$28.5M |
|
234
Advanced Micro Devices
AMD
$789B
| $550M | 0.06% |
2,566,245
+212,193
| +9% | +$47.7M |
|
235
PUT
Applied Materials
AMAT
$428B
| $548M | 0.06% |
2,130,600
-1,843,100
| -46% | -$442M |
|
|
236
CALL
McDonald's
MCD
$195B
| $546M | 0.06% |
1,784,900
-231,500
| -11% | -$70.9M |
|
237
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $543M | 0.06% |
11,972,500
-1,750,700
| -13% | -$77.4M |
|
238
CALL
Constellation Energy
CEG
$95.6B
| $543M | 0.06% |
1,535,700
+240,200
| +19% | +$87.3M |
|
239
PUT
Bloom Energy
BE
$64.6B
| $542M | 0.06% |
6,232,700
+5,900
| +0.1% | +$620K |
|
|
240
Meta Platforms (Facebook)
META
$1.51T
| $540M | 0.06% |
818,084
-557,037
| -41% | -$372M |
|
241
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$23.9B
| $539M | 0.06% |
12,835,900
-864,000
| -6% | -$36.1M |
|
242
CALL
Texas Instruments
TXN
$261B
| $538M | 0.06% |
3,102,000
+837,200
| +37% | +$143M |
|
243
CALL
Chipotle Mexican Grill
CMG
$41.5B
| $538M | 0.06% |
14,543,900
+1,134,800
| +8% | +$41M |
|
244
CALL
Hilton Worldwide
HLT
$71.5B
| $538M | 0.06% |
1,872,300
+632,100
| +51% | +$172M |
|
245
CALL
Dell
DELL
$293B
| $537M | 0.06% |
4,269,100
-1,189,000
| -22% | -$167M |
|
246
PUT
Merck
MRK
$318B
| $537M | 0.06% |
5,101,000
-892,900
| -15% | -$83.8M |
|
247
CALL
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $536M | 0.06% |
3,724,400
-267,800
| -7% | -$38.7M |
|
|
248
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$23.9B
| $536M | 0.06% |
12,753,800
+4,799,500
| +60% | +$200M |
|
|
B
249
PUT
Barrick Mining
B
$73.2B
| $534M | 0.06% |
12,260,300
+1,343,500
| +12% | +$50.4M |
|
250
CALL
Astera Labs
ALAB
$58B
| $533M | 0.06% |
3,205,300
+192,200
| +6% | +$32.2M |
|
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.