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 | |
|---|---|---|---|---|---|---|
2776
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $12.4M | ﹤0.01% |
223,885
-4,576
| -2% | -$231K |
|
2777
CVR Partners
UAN
$1.29B
| $12.4M | ﹤0.01% |
120,903
+34,550
| +40% | +$3.29M |
|
2778
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $12.4M | ﹤0.01% |
58,400
+6,500
| +13% | +$1.36M |
|
2779
PUT
Woodward
WWD
$21.6B
| $12.4M | ﹤0.01% |
40,900
+7,500
| +22% | +$2.06M |
|
|
ORLA
2780
CALL
DELISTED
Orla Mining
ORLA
| $12.3M | ﹤0.01% |
916,700
+872,800
| +1,988% | +$10.6M |
|
2781
CALL
Magnite
MGNI
$3.54B
| $12.3M | ﹤0.01% |
760,500
-446,600
| -37% | -$7.41M |
|
2782
FIVE9
FIVN
$2.46B
| $12.3M | ﹤0.01% |
615,587
+199,441
| +48% | +$4.23M |
|
2783
PUT
Rithm Capital
RITM
$5.81B
| $12.3M | ﹤0.01% |
1,131,400
-220,400
| -16% | -$2.44M |
|
2784
CALL
CMS Energy
CMS
$22.3B
| $12.3M | ﹤0.01% |
176,300
-164,800
| -48% | -$12M |
|
2785
PUT
Direxion Daily NVDA Bull 2X ETF
NVDU
$639M
| $12.3M | ﹤0.01% |
104,600
-16,500
| -14% | -$2.07M |
|
2786
CALL
Universal Display
OLED
$4.11B
| $12.3M | ﹤0.01% |
105,400
-51,500
| -33% | -$6.68M |
|
2787
PUT
Biohaven
BHVN
$2.21B
| $12.3M | ﹤0.01% |
1,089,500
+582,300
| +115% | +$7.21M |
|
2788
State Street Communication Services Select Sector SPDR ETF
XLC
$22.9B
| $12.3M | ﹤0.01% |
104,381
+70,327
| +207% | +$8.09M |
|
2789
Raymond James Financial
RJF
$34.9B
| $12.3M | ﹤0.01% |
76,496
+3,850
| +5% | +$622K |
|
2790
CALL
Chemours
CC
$2.38B
| $12.3M | ﹤0.01% |
1,041,800
-244,200
| -19% | -$3.14M |
|
2791
PUT
PureCycle Technologies
PCT
$1.38B
| $12.3M | ﹤0.01% |
1,429,700
+485,400
| +51% | +$5.15M |
|
2792
Direxion Daily Regional Banks Bull 3X ETF
DPST
$417M
| $12.3M | ﹤0.01% |
121,335
+98,260
| +426% | +$9.24M |
|
2793
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.58B
| $12.3M | ﹤0.01% |
338,294
+279,660
| +477% | +$10.1M |
|
2794
CALL
Weyerhaeuser
WY
$17.7B
| $12.3M | ﹤0.01% |
517,300
+170,700
| +49% | +$3.95M |
|
2795
XPO
XPO
$24.9B
| $12.2M | ﹤0.01% |
90,025
-110,655
| -55% | -$15.1M |
|
2796
CALL
Olema Pharmaceuticals
OLMA
$919M
| $12.2M | ﹤0.01% |
+488,900
| New | +$8.7M |
|
2797
Harrow
HROW
$1.51B
| $12.2M | ﹤0.01% |
249,421
-199,526
| -44% | -$8.38M |
|
2798
International Paper
IP
$21.5B
| $12.2M | ﹤0.01% |
310,041
-481,052
| -61% | -$19.8M |
|
2799
TKO Group
TKO
$14.7B
| $12.2M | ﹤0.01% |
58,414
-26,171
| -31% | -$5.09M |
|
|
AMTM
2800
PUT
Amentum Holdings
AMTM
$5.22B
| $12.2M | ﹤0.01% |
420,700
+131,600
| +46% | +$3.36M |
|
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.