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 | |
|---|---|---|---|---|---|---|
2801
VanEck Digital Transformation ETF
DAPP
$231M
| $12.2M | ﹤0.01% |
+737,407
| New | +$15.4M |
|
2802
Global X Lithium & Battery Tech ETF
LIT
$1.62B
| $12.2M | ﹤0.01% |
187,715
+172,699
| +1,150% | +$10.6M |
|
2803
PUT
Peabody Energy
BTU
$3.08B
| $12.2M | ﹤0.01% |
409,100
-331,500
| -45% | -$9.74M |
|
2804
CALL
Viavi Solutions
VIAV
$10.5B
| $12.1M | ﹤0.01% |
680,800
-5,800
| -0.8% | -$93.7K |
|
2805
CALL
Inspire Medical Systems
INSP
$1.67B
| $12.1M | ﹤0.01% |
131,500
+92,100
| +234% | +$8.81M |
|
|
BLSH
2806
Bullish
BLSH
$3.78B
| $12.1M | ﹤0.01% |
319,663
+189,577
| +146% | +$9.23M |
|
|
PRMB
2807
Primo Brands
PRMB
$9.03B
| $12.1M | ﹤0.01% |
739,619
+127,730
| +21% | +$2.36M |
|
2808
CALL
J.M. Smucker
SJM
$12.9B
| $12.1M | ﹤0.01% |
123,600
-66,400
| -35% | -$6.86M |
|
|
SPYM
2809
PUT
State Street SPDR Portfolio S&P 500 ETF
SPYM
$169B
| $12.1M | ﹤0.01% |
150,700
-187,600
| -55% | -$14.9M |
|
2810
Unusual Machines
UMAC
$1.66B
| $12.1M | ﹤0.01% |
948,676
-185,928
| -16% | -$2.18M |
|
2811
PUT
Fabrinet
FN
$20.4B
| $12.1M | ﹤0.01% |
26,500
-1,800
| -6% | -$783K |
|
2812
iShares Russell 1000 ETF
IWB
$50.4B
| $12M | ﹤0.01% |
32,237
-27,189
| -46% | -$10.1M |
|
2813
SPX Corp
SPXC
$10.8B
| $12M | ﹤0.01% |
60,174
+57,482
| +2,135% | +$11.7M |
|
2814
CALL
Corcept Therapeutics
CORT
$12.4B
| $12M | ﹤0.01% |
345,900
+144,900
| +72% | +$11.4M |
|
2815
CALL
Equinor
EQNR
$97.1B
| $12M | ﹤0.01% |
509,400
-216,200
| -30% | -$5.1M |
|
2816
CALL
Zillow
ZG
$7.97B
| $12M | ﹤0.01% |
176,400
+119,700
| +211% | +$8.42M |
|
|
MRSH
2817
PUT
Marsh
MRSH
$89.9B
| $12M | ﹤0.01% |
64,800
-188,900
| -74% | -$35.3M |
|
2818
Floor & Decor
FND
$6.23B
| $12M | ﹤0.01% |
197,374
+157,881
| +400% | +$10.2M |
|
2819
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $12M | ﹤0.01% |
217,000
+1,300
| +0.6% | +$65.7K |
|
2820
Avis
CAR
$4.86B
| $12M | ﹤0.01% |
93,586
+91,943
| +5,596% | +$12.8M |
|
2821
CALL
Western Midstream Partners
WES
$20.2B
| $12M | ﹤0.01% |
303,900
-281,400
| -48% | -$10.9M |
|
2822
Wingstop
WING
$3.34B
| $12M | ﹤0.01% |
50,317
-20,801
| -29% | -$5.15M |
|
|
SEZL
2823
PUT
Sezzle
SEZL
$4.46B
| $12M | ﹤0.01% |
189,000
+79,800
| +73% | +$5.44M |
|
2824
CALL
Denison Mines
DNN
$2.94B
| $12M | ﹤0.01% |
4,506,500
+3,741,800
| +489% | +$10.2M |
|
|
ETOR
2825
PUT
eToro Group
ETOR
$2.26B
| $12M | ﹤0.01% |
341,100
+24,300
| +8% | +$938K |
|
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.