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 | |
|---|---|---|---|---|---|---|
2626
CALL
Range Resources
RRC
$9.39B
| $14M | ﹤0.01% |
395,700
-203,200
| -34% | -$7.57M |
|
|
HAPN
2627
CALL
Happen Inc
HAPN
$2.29B
| $13.9M | ﹤0.01% |
736,200
+424,700
| +136% | +$7.5M |
|
2628
Welltower
WELL
$168B
| $13.9M | ﹤0.01% |
75,080
+1,258
| +2% | +$235K |
|
2629
Vanguard Tax-Exempt Bond Index Fund
VTEB
$46B
| $13.9M | ﹤0.01% |
276,450
+121,118
| +78% | +$6.09M |
|
|
KEEL
2630
CALL
Keel Infrastructure Corp
KEEL
$2.11B
| $13.9M | ﹤0.01% |
5,915,600
+1,762,800
| +42% | +$6.03M |
|
|
FLY
2631
CALL
Firefly Aerospace
FLY
$4.57B
| $13.9M | ﹤0.01% |
621,300
+529,700
| +578% | +$12.3M |
|
2632
Etsy
ETSY
$7.39B
| $13.9M | ﹤0.01% |
250,569
-31,413
| -11% | -$1.92M |
|
2633
CALL
Campbell Soup
CPB
$6.9B
| $13.9M | ﹤0.01% |
498,300
-109,300
| -18% | -$3.29M |
|
|
XIFR
2634
CALL
XPLR Infrastructure LP
XIFR
$1.1B
| $13.9M | ﹤0.01% |
1,388,100
-314,400
| -18% | -$3.05M |
|
|
YALA
2635
Yalla Group
YALA
$826M
| $13.9M | ﹤0.01% |
2,000,000
| – | – |
|
2636
Flutter Entertainment
FLUT
$17.2B
| $13.9M | ﹤0.01% |
64,539
-122,417
| -65% | -$27.5M |
|
2637
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$606M
| $13.9M | ﹤0.01% |
176,825
+84,825
| +92% | +$6.39M |
|
2638
CALL
Bentley Systems
BSY
$10.9B
| $13.9M | ﹤0.01% |
363,300
-362,400
| -50% | -$16.5M |
|
2639
CALL
Beam Therapeutics
BEAM
$2.72B
| $13.9M | ﹤0.01% |
500,200
+200,400
| +67% | +$5.11M |
|
2640
Neurocrine Biosciences
NBIX
$15.3B
| $13.9M | ﹤0.01% |
97,713
+93,051
| +1,996% | +$13.5M |
|
2641
CALL
Bruker
BRKR
$8.84B
| $13.9M | ﹤0.01% |
294,100
+108,300
| +58% | +$4.58M |
|
2642
PUT
Cracker Barrel
CBRL
$1.27B
| $13.9M | ﹤0.01% |
545,300
-120,600
| -18% | -$3.86M |
|
2643
PUT
Grayscale Bitcoin Trust
GBTC
$9.39B
| $13.8M | ﹤0.01% |
202,400
-43,100
| -18% | -$3.38M |
|
|
JBS
2644
PUT
JBS N.V.
JBS
$44.3B
| $13.8M | ﹤0.01% |
958,900
+268,400
| +39% | +$3.69M |
|
2645
PUT
Zimmer Biomet
ZBH
$19.2B
| $13.8M | ﹤0.01% |
153,500
-22,800
| -13% | -$2.16M |
|
2646
PUT
Sempra
SRE
$56.9B
| $13.8M | ﹤0.01% |
156,300
-338,200
| -68% | -$30.8M |
|
2647
Hershey
HSY
$37.1B
| $13.8M | ﹤0.01% |
75,831
+40,859
| +117% | +$7.47M |
|
2648
PUT
CVR Partners
UAN
$1.27B
| $13.8M | ﹤0.01% |
134,600
+81,600
| +154% | +$7.77M |
|
2649
PUT
Lumen
LUMN
$6.79B
| $13.8M | ﹤0.01% |
1,773,200
-359,100
| -17% | -$2.96M |
|
2650
PUT
Sociedad Química y Minera de Chile
SQM
$21B
| $13.8M | ﹤0.01% |
200,000
+57,400
| +40% | +$3.16M |
|
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.