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 | |
|---|---|---|---|---|---|---|
2726
CALL
Novavax
NVAX
$1.31B
| $12.8M | ﹤0.01% |
1,907,800
-261,300
| -12% | -$1.97M |
|
2727
PUT
Vista Energy
VIST
$7.58B
| $12.8M | ﹤0.01% |
263,300
-205,000
| -44% | -$9.27M |
|
2728
CALL
Dynatrace
DT
$14.4B
| $12.8M | ﹤0.01% |
295,500
+51,000
| +21% | +$2.38M |
|
2729
Allstate
ALL
$65.8B
| $12.8M | ﹤0.01% |
61,509
+35,458
| +136% | +$7.26M |
|
2730
CALL
Pool Corp
POOL
$7.23B
| $12.8M | ﹤0.01% |
55,900
+26,200
| +88% | +$6.82M |
|
2731
CALL
Groupon
GRPN
$887M
| $12.8M | ﹤0.01% |
726,100
-348,700
| -32% | -$6.57M |
|
2732
PUT
Zeta Global
ZETA
$7.33B
| $12.8M | ﹤0.01% |
627,900
-585,300
| -48% | -$10.9M |
|
2733
Xcel Energy
XEL
$49.5B
| $12.8M | ﹤0.01% |
172,933
-23,085
| -12% | -$1.82M |
|
2734
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$534M
| $12.8M | ﹤0.01% |
61,812
-7,028
| -10% | -$1.21M |
|
2735
PUT
Revolution Medicines
RVMD
$43.2B
| $12.8M | ﹤0.01% |
160,100
-68,200
| -30% | -$4.47M |
|
2736
United Rentals
URI
$71.6B
| $12.7M | ﹤0.01% |
15,752
-24,750
| -61% | -$21.5M |
|
2737
Omeros
OMER
$1.25B
| $12.7M | ﹤0.01% |
741,895
+631,316
| +571% | +$5.44M |
|
2738
Tradeweb Markets
TW
$22.5B
| $12.7M | ﹤0.01% |
118,279
-15,129
| -11% | -$1.62M |
|
|
CCCX
2739
DELISTED
Churchill Capital Corp X
CCCX
| $12.7M | ﹤0.01% |
814,861
+732,786
| +893% | +$12.3M |
|
2740
CALL
Box
BOX
$4.58B
| $12.7M | ﹤0.01% |
424,900
+9,100
| +2% | +$285K |
|
2741
PUT
Manchester United
MANU
$4.07B
| $12.7M | ﹤0.01% |
797,600
-100
| -0% | -$1.61K |
|
2742
CALL
iShares Core S&P Mid-Cap ETF
IJH
$128B
| $12.7M | ﹤0.01% |
192,300
-22,100
| -10% | -$1.45M |
|
2743
CALL
Thor Industries
THO
$4.1B
| $12.7M | ﹤0.01% |
123,600
-65,100
| -34% | -$6.77M |
|
2744
CALL
HealthEquity
HQY
$8.84B
| $12.7M | ﹤0.01% |
138,400
+83,500
| +152% | +$7.99M |
|
2745
Illinois Tool Works
ITW
$82.5B
| $12.7M | ﹤0.01% |
51,470
+999
| +2% | +$249K |
|
2746
PUT
MSC Industrial Direct
MSM
$6.86B
| $12.7M | ﹤0.01% |
150,600
+146,300
| +3,402% | +$12.7M |
|
2747
CALL
Progress Software
PRGS
$1.82B
| $12.7M | ﹤0.01% |
294,700
+156,300
| +113% | +$6.81M |
|
2748
Frontline
FRO
$9.13B
| $12.7M | ﹤0.01% |
579,787
+164,999
| +40% | +$3.86M |
|
|
MRSH
2749
Marsh
MRSH
$90.1B
| $12.6M | ﹤0.01% |
68,159
-46,366
| -40% | -$8.67M |
|
2750
PUT
Fluence Energy
FLNC
$2.42B
| $12.6M | ﹤0.01% |
638,400
+103,300
| +19% | +$1.95M |
|
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.