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 | |
|---|---|---|---|---|---|---|
2826
PUT
Molson Coors Class B
TAP
$7.91B
| $12M | ﹤0.01% |
256,600
-234,900
| -48% | -$10.8M |
|
2827
Hewlett Packard
HPE
$78.3B
| $12M | ﹤0.01% |
498,592
-2,126,706
| -81% | -$50.1M |
|
2828
CALL
Essex Property Trust
ESS
$18.5B
| $12M | ﹤0.01% |
45,700
-63,100
| -58% | -$16.3M |
|
|
CTRA
2829
DELISTED
Coterra Energy
CTRA
| $12M | ﹤0.01% |
454,210
+111,497
| +33% | +$2.81M |
|
2830
PUT
Western Alliance Bancorporation
WAL
$8.99B
| $12M | ﹤0.01% |
142,200
+17,400
| +14% | +$1.41M |
|
2831
PUT
ProShares VIX Short-Term Futures ETF
VIXY
$188M
| $11.9M | ﹤0.01% |
465,600
+117,400
| +34% | +$3.73M |
|
2832
PUT
uniQure
QURE
$3.28B
| $11.9M | ﹤0.01% |
498,800
-385,200
| -44% | -$14.9M |
|
2833
CALL
Repligen
RGEN
$9.42B
| $11.9M | ﹤0.01% |
72,800
-36,100
| -33% | -$5.65M |
|
2834
CALL
Madison Square Garden
MSGS
$9.87B
| $11.9M | ﹤0.01% |
46,100
-1,000
| -2% | -$228K |
|
2835
PUT
Targa Resources
TRGP
$59.3B
| $11.9M | ﹤0.01% |
64,600
-25,400
| -28% | -$4.28M |
|
2836
CALL
Ovintiv
OVV
$17.5B
| $11.9M | ﹤0.01% |
303,700
-252,100
| -45% | -$9.77M |
|
|
NB
2837
CALL
NioCorp Developments
NB
$753M
| $11.9M | ﹤0.01% |
2,242,100
+1,206,000
| +116% | +$8.3M |
|
|
HUT
2838
Hut 8
HUT
$10.8B
| $11.9M | ﹤0.01% |
258,512
-1,074,802
| -81% | -$47.4M |
|
2839
Sempra
SRE
$56.9B
| $11.9M | ﹤0.01% |
134,511
+56,983
| +73% | +$5.19M |
|
|
LIF
2840
Life360
LIF
$4.18B
| $11.9M | ﹤0.01% |
185,059
-59,942
| -24% | -$4.98M |
|
2841
PUT
Birkenstock
BIRK
$7.28B
| $11.8M | ﹤0.01% |
289,400
-381,900
| -57% | -$16.2M |
|
2842
CALL
BBVA Argentina
BBAR
$3.15B
| $11.8M | ﹤0.01% |
655,000
+194,800
| +42% | +$2.79M |
|
2843
Fox Class A
FOXA
$28.6B
| $11.8M | ﹤0.01% |
161,971
+47,778
| +42% | +$3.12M |
|
2844
CALL
Equifax
EFX
$21.4B
| $11.8M | ﹤0.01% |
54,500
-32,500
| -37% | -$7.12M |
|
2845
PUT
Bausch Health
BHC
$2.43B
| $11.8M | ﹤0.01% |
1,701,000
+506,100
| +42% | +$3.33M |
|
2846
Tractor Supply
TSCO
$18.6B
| $11.8M | ﹤0.01% |
236,292
+122,579
| +108% | +$6.6M |
|
|
SLNO
2847
CALL
DELISTED
Soleno Therapeutics
SLNO
| $11.8M | ﹤0.01% |
254,900
-146,800
| -37% | -$8.05M |
|
2848
PUT
Vanguard High Dividend Yield ETF
VYM
$83.9B
| $11.8M | ﹤0.01% |
82,200
-13,400
| -14% | -$1.91M |
|
2849
CALL
Viasat
VSAT
$11.4B
| $11.8M | ﹤0.01% |
342,100
-113,700
| -25% | -$4.01M |
|
2850
Construction Partners
ROAD
$6.95B
| $11.8M | ﹤0.01% |
108,432
+47,413
| +78% | +$5.34M |
|
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.