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 | |
|---|---|---|---|---|---|---|
2701
Red Cat Holdings
RCAT
$1.68B
| $13.2M | ﹤0.01% |
1,659,605
-467,327
| -22% | -$4.47M |
|
2702
PUT
L3Harris
LHX
$54.2B
| $13.2M | ﹤0.01% |
44,800
-124,500
| -74% | -$36M |
|
2703
CALL
Biohaven
BHVN
$2.2B
| $13.1M | ﹤0.01% |
1,164,700
+22,500
| +2% | +$279K |
|
2704
CALL
Unum
UNM
$14.9B
| $13.1M | ﹤0.01% |
169,200
+75,300
| +80% | +$5.76M |
|
|
HNGE
2705
CALL
Hinge Health
HNGE
$7.11B
| $13.1M | ﹤0.01% |
282,300
+263,100
| +1,370% | +$12.7M |
|
|
SOLS
2706
Solstice Advanced Materials
SOLS
$9.88B
| $13.1M | ﹤0.01% |
+269,884
| New | +$12.7M |
|
2707
CALL
RUM Group Inc
RUM
$3.71B
| $13.1M | ﹤0.01% |
2,072,700
+946,000
| +84% | +$6.49M |
|
2708
PUT
KB Home
KBH
$3.43B
| $13.1M | ﹤0.01% |
232,200
-19,300
| -8% | -$1.19M |
|
2709
Factset
FDS
$10.1B
| $13.1M | ﹤0.01% |
45,136
-6,071
| -12% | -$1.7M |
|
2710
CoStar Group
CSGP
$13.1B
| $13.1M | ﹤0.01% |
194,684
+69,649
| +56% | +$4.93M |
|
2711
CALL
Vor Biopharma
VOR
$1.34B
| $13.1M | ﹤0.01% |
999,300
-4,230,200
| -81% | -$78.8M |
|
2712
PUT
Peloton Interactive
PTON
$2.49B
| $13.1M | ﹤0.01% |
2,118,600
+18,500
| +0.9% | +$130K |
|
2713
American International
AIG
$40.2B
| $13M | ﹤0.01% |
152,373
+84,437
| +124% | +$6.76M |
|
|
2714
PUT
CoStar Group
CSGP
$13.1B
| $13M | ﹤0.01% |
193,400
-31,100
| -14% | -$2.2M |
|
2715
PUT
Icon
ICLR
$12.7B
| $13M | ﹤0.01% |
71,300
+21,800
| +44% | +$3.88M |
|
2716
CALL
Dycom Industries
DY
$12.5B
| $13M | ﹤0.01% |
38,400
-79,200
| -67% | -$25M |
|
|
2717
CALL
Peloton Interactive
PTON
$2.49B
| $13M | ﹤0.01% |
2,105,000
-3,629,900
| -63% | -$25.6M |
|
2718
American Financial Group
AFG
$12.1B
| $12.9M | ﹤0.01% |
94,523
+80,314
| +565% | +$11M |
|
2719
CALL
Vanguard Russell 2000 ETF
VTWO
$17.5B
| $12.9M | ﹤0.01% |
129,200
+51,500
| +66% | +$5.12M |
|
2720
PUT
Sphere Entertainment
SPHR
$6.22B
| $12.8M | ﹤0.01% |
135,100
-100,500
| -43% | -$7.66M |
|
2721
PUT
Carlyle Group
CG
$17.8B
| $12.8M | ﹤0.01% |
217,300
-405,600
| -65% | -$23M |
|
2722
CALL
NEOS S&P 500 High Income ETF
SPYI
$11.4B
| $12.8M | ﹤0.01% |
244,500
+207,000
| +552% | +$10.9M |
|
2723
Expedia Group
EXPE
$39.8B
| $12.8M | ﹤0.01% |
45,316
+7,320
| +19% | +$1.81M |
|
|
SKE
2724
CALL
Skeena Resources
SKE
$4.15B
| $12.8M | ﹤0.01% |
540,700
+466,100
| +625% | +$9.19M |
|
2725
CALL
Root
ROOT
$795M
| $12.8M | ﹤0.01% |
177,500
+46,900
| +36% | +$3.74M |
|
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.