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 | |
|---|---|---|---|---|---|---|
2576
PUT
Boston Properties
BXP
$10.8B
| $14.5M | ﹤0.01% |
215,100
-10,700
| -5% | -$761K |
|
2577
PUT
Hawaiian Electric Industries
HE
$2.06B
| $14.5M | ﹤0.01% |
1,178,000
+349,400
| +42% | +$4.05M |
|
2578
PUT
Brighthouse Financial
BHF
$3.44B
| $14.5M | ﹤0.01% |
223,600
-1,136,400
| -84% | -$66.8M |
|
2579
British American Tobacco
BTI
$124B
| $14.5M | ﹤0.01% |
255,856
-317,392
| -55% | -$17.3M |
|
2580
CALL
Jackson Financial
JXN
$9.1B
| $14.5M | ﹤0.01% |
135,700
+21,500
| +19% | +$2.14M |
|
2581
CALL
W.P. Carey
WPC
$16.3B
| $14.5M | ﹤0.01% |
224,800
+8,000
| +4% | +$533K |
|
2582
PUT
Pagaya Technologies
PGY
$1.79B
| $14.4M | ﹤0.01% |
691,300
+167,100
| +32% | +$4.26M |
|
2583
CSX Corp
CSX
$92.8B
| $14.4M | ﹤0.01% |
397,520
+30,866
| +8% | +$1.1M |
|
2584
CALL
nVent Electric
NVT
$27.5B
| $14.4M | ﹤0.01% |
141,300
-52,400
| -27% | -$5.44M |
|
2585
AXIS Capital
AXS
$7.26B
| $14.4M | ﹤0.01% |
134,397
+50,931
| +61% | +$5.06M |
|
|
RAPT
2586
DELISTED
RAPT Therapeutics
RAPT
| $14.4M | ﹤0.01% |
424,862
+379,480
| +836% | +$11.8M |
|
2587
Fair Isaac
FICO
$24B
| $14.4M | ﹤0.01% |
8,508
+3,945
| +86% | +$6.79M |
|
2588
PUT
Ramaco Resources Class A
METC
$667M
| $14.4M | ﹤0.01% |
798,600
-78,600
| -9% | -$2.07M |
|
2589
CALL
Halozyme
HALO
$11.4B
| $14.4M | ﹤0.01% |
213,300
-184,500
| -46% | -$12.4M |
|
2590
Exelon
EXC
$47B
| $14.3M | ﹤0.01% |
329,091
+52,711
| +19% | +$2.41M |
|
2591
Becton Dickinson
BDX
$50B
| $14.3M | ﹤0.01% |
73,787
-47,300
| -39% | -$9M |
|
2592
CALL
iShares Select Dividend ETF
DVY
$24B
| $14.3M | ﹤0.01% |
101,400
+25,400
| +33% | +$3.59M |
|
2593
PUT
Exelixis
EXEL
$12.5B
| $14.3M | ﹤0.01% |
326,300
-258,200
| -44% | -$10.7M |
|
2594
CALL
Main Street Capital
MAIN
$5.54B
| $14.3M | ﹤0.01% |
236,600
+20,000
| +9% | +$1.18M |
|
2595
PUT
Waters Corp
WAT
$40.6B
| $14.3M | ﹤0.01% |
37,600
-54,500
| -59% | -$20.1M |
|
2596
PUT
Idexx Laboratories
IDXX
$44.7B
| $14.3M | ﹤0.01% |
21,100
-45,800
| -68% | -$31.2M |
|
2597
BP
BP
$110B
| $14.3M | ﹤0.01% |
410,811
+249,700
| +155% | +$8.76M |
|
2598
Peabody Energy
BTU
$2.94B
| $14.3M | ﹤0.01% |
480,128
+115,677
| +32% | +$3.4M |
|
2599
CALL
Dropbox
DBX
$7.31B
| $14.2M | ﹤0.01% |
512,400
+265,300
| +107% | +$7.73M |
|
2600
BioNTech
BNTX
$23.1B
| $14.2M | ﹤0.01% |
149,224
+83,564
| +127% | +$8.42M |
|
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.