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 | |
|---|---|---|---|---|---|---|
|
PONY
2551
Pony AI Inc
PONY
$3.62B
| $14.9M | ﹤0.01% |
+1,026,591
| New | +$17.1M |
|
2552
Diamondback Energy
FANG
$55.9B
| $14.9M | ﹤0.01% |
98,966
+37,972
| +62% | +$5.6M |
|
2553
CALL
Global X MLP & Energy Infrastructure ETF
MLPX
$3.56B
| $14.8M | ﹤0.01% |
245,300
+217,500
| +782% | +$13M |
|
2554
PUT
Huntington Ingalls Industries
HII
$12.8B
| $14.8M | ﹤0.01% |
43,600
-7,000
| -14% | -$2.17M |
|
2555
Paychex
PAYX
$44.6B
| $14.8M | ﹤0.01% |
132,160
-111,258
| -46% | -$13M |
|
2556
PUT
Bitdeer Technologies
BTDR
$2.38B
| $14.8M | ﹤0.01% |
1,320,500
+66,500
| +5% | +$1.07M |
|
2557
PUT
AnaptysBio
ANAB
$1.66B
| $14.8M | ﹤0.01% |
304,500
+92,800
| +44% | +$3.62M |
|
2558
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$306M
| $14.8M | ﹤0.01% |
422,500
-87,700
| -17% | -$2.95M |
|
2559
PUT
Tractor Supply
TSCO
$18.8B
| $14.7M | ﹤0.01% |
294,900
-149,400
| -34% | -$8.05M |
|
2560
PUT
Sysco
SYY
$40.5B
| $14.7M | ﹤0.01% |
199,600
+6,100
| +3% | +$464K |
|
2561
Vanguard Total International Bond ETF
BNDX
$83B
| $14.7M | ﹤0.01% |
+303,971
| New | +$15M |
|
2562
IQVIA
IQV
$39.8B
| $14.7M | ﹤0.01% |
65,132
+26,229
| +67% | +$5.71M |
|
2563
United States Oil Fund
USO
$1.77B
| $14.7M | ﹤0.01% |
212,254
+77,888
| +58% | +$5.49M |
|
2564
PUT
Bio-Techne
TECH
$11.2B
| $14.7M | ﹤0.01% |
249,600
+242,000
| +3,184% | +$14.7M |
|
2565
CALL
Ball Corp
BALL
$16.4B
| $14.7M | ﹤0.01% |
277,100
+11,700
| +4% | +$576K |
|
2566
PUT
SSR Mining
SSRM
$6.49B
| $14.7M | ﹤0.01% |
669,500
+145,900
| +28% | +$3.25M |
|
2567
PUT
JetBlue
JBLU
$2.19B
| $14.6M | ﹤0.01% |
3,219,200
+566,900
| +21% | +$2.58M |
|
2568
CALL
Parsons
PSN
$5.16B
| $14.6M | ﹤0.01% |
237,000
-151,600
| -39% | -$11.9M |
|
2569
News Corp Class A
NWSA
$15.5B
| $14.6M | ﹤0.01% |
559,620
+49,624
| +10% | +$1.3M |
|
2570
Allison Transmission
ALSN
$10.2B
| $14.6M | ﹤0.01% |
149,296
-60,518
| -29% | -$5.3M |
|
2571
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.7B
| $14.6M | ﹤0.01% |
200,879
-102,171
| -34% | -$7.25M |
|
2572
Invitation Homes
INVH
$17.7B
| $14.6M | ﹤0.01% |
525,289
+448,413
| +583% | +$12.5M |
|
2573
Revolution Medicines
RVMD
$43.3B
| $14.6M | ﹤0.01% |
183,221
+65,013
| +55% | +$4.26M |
|
2574
Bitwise Bitcoin ETF
BITB
$2.43B
| $14.5M | ﹤0.01% |
305,908
+277,944
| +994% | +$15.1M |
|
2575
PUT
Ultragenyx Pharmaceutical
RARE
$2.6B
| $14.5M | ﹤0.01% |
631,300
+322,900
| +105% | +$10.6M |
|
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.