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 | |
|---|---|---|---|---|---|---|
2601
PUT
International Flavors & Fragrances
IFF
$21.3B
| $14.2M | ﹤0.01% |
210,600
-116,600
| -36% | -$7.55M |
|
2602
CALL
iShares Russell 1000 ETF
IWB
$50.6B
| $14.2M | ﹤0.01% |
38,000
-13,500
| -26% | -$5M |
|
2603
Turning Point Brands
TPB
$1.74B
| $14.2M | ﹤0.01% |
130,806
+89,957
| +220% | +$8.8M |
|
2604
PUT
iShares MSCI Mexico ETF
EWW
$1.87B
| $14.1M | ﹤0.01% |
204,000
+93,200
| +84% | +$6.29M |
|
2605
Colgate-Palmolive
CL
$73.4B
| $14.1M | ﹤0.01% |
178,891
-231,652
| -56% | -$18.2M |
|
2606
CALL
Glaukos
GKOS
$11.1B
| $14.1M | ﹤0.01% |
125,000
+70,900
| +131% | +$6.77M |
|
2607
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$2.13B
| $14.1M | ﹤0.01% |
361,572
+349,428
| +2,877% | +$13.5M |
|
2608
CALL
Freshpet
FRPT
$3.49B
| $14.1M | ﹤0.01% |
231,500
-126,300
| -35% | -$7.16M |
|
2609
PUT
Qorvo
QRVO
$8.7B
| $14.1M | ﹤0.01% |
166,900
+32,800
| +24% | +$2.89M |
|
2610
CALL
Banco Macro
BMA
$5.1B
| $14.1M | ﹤0.01% |
156,300
+127,100
| +435% | +$9.61M |
|
2611
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.23B
| $14.1M | ﹤0.01% |
76,624
+24,149
| +46% | +$3.86M |
|
2612
CALL
Cincinnati Financial
CINF
$26.6B
| $14.1M | ﹤0.01% |
86,100
-39,900
| -32% | -$6.46M |
|
2613
PUT
Vulcan Materials
VMC
$36B
| $14.1M | ﹤0.01% |
49,300
-9,200
| -16% | -$2.7M |
|
2614
CALL
Impinj
PI
$5.42B
| $14.1M | ﹤0.01% |
80,800
+800
| +1% | +$143K |
|
2615
BILL Holdings
BILL
$4.94B
| $14.1M | ﹤0.01% |
257,704
+31,928
| +14% | +$1.64M |
|
2616
PUT
W.P. Carey
WPC
$16.3B
| $14M | ﹤0.01% |
218,100
-43,700
| -17% | -$2.91M |
|
2617
PUT
Gartner
IT
$11.2B
| $14M | ﹤0.01% |
55,600
-4,300
| -7% | -$1.03M |
|
2618
PUT
Dover
DOV
$27.9B
| $14M | ﹤0.01% |
71,800
-900
| -1% | -$164K |
|
2619
PUT
Matador Resources
MTDR
$6.57B
| $14M | ﹤0.01% |
330,100
-245,400
| -43% | -$10.3M |
|
2620
CALL
Incyte
INCY
$24.1B
| $14M | ﹤0.01% |
141,800
+47,200
| +50% | +$4.57M |
|
2621
PUT
Kaspi.kz JSC
KSPI
$18.8B
| $14M | ﹤0.01% |
179,200
+53,200
| +42% | +$4.02M |
|
2622
CALL
Cedar Fair
FUN
$1.7B
| $14M | ﹤0.01% |
912,200
+296,200
| +48% | +$5.36M |
|
2623
CALL
Frontline
FRO
$9.14B
| $14M | ﹤0.01% |
641,000
+80,100
| +14% | +$1.87M |
|
2624
PUT
Globant
GLOB
$1.65B
| $14M | ﹤0.01% |
213,700
+84,300
| +65% | +$5.3M |
|
2625
CALL
Credit Acceptance
CACC
$6.08B
| $14M | ﹤0.01% |
31,500
-125,300
| -80% | -$58.1M |
|
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.