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 | |
|---|---|---|---|---|---|---|
2876
CALL
Pitney Bowes
PBI
$2.26B
| $11.5M | ﹤0.01% |
1,091,200
-63,900
| -6% | -$663K |
|
2877
CALL
Innospec
IOSP
$2.31B
| $11.5M | ﹤0.01% |
150,600
+400
| +0.3% | +$30.2K |
|
2878
PUT
Mattel
MAT
$4.27B
| $11.5M | ﹤0.01% |
580,700
-464,000
| -44% | -$8.96M |
|
2879
AXT Inc
AXTI
$5.18B
| $11.5M | ﹤0.01% |
704,328
+200,690
| +40% | +$1.94M |
|
2880
CALL
Advanced Energy
AEIS
$13.1B
| $11.5M | ﹤0.01% |
55,000
+16,400
| +42% | +$3.34M |
|
2881
Crown Castle
CCI
$32.3B
| $11.5M | ﹤0.01% |
129,575
-13,007
| -9% | -$1.2M |
|
2882
PUT
Papa John's
PZZA
$794M
| $11.5M | ﹤0.01% |
299,100
+67,500
| +29% | +$2.98M |
|
2883
On Holding
ONON
$10.8B
| $11.5M | ﹤0.01% |
247,295
-156,360
| -39% | -$6.74M |
|
2884
PUT
MKS Inc
MKSI
$20.8B
| $11.5M | ﹤0.01% |
71,900
+64,000
| +810% | +$9.49M |
|
2885
Healthpeak Properties
DOC
$14.3B
| $11.5M | ﹤0.01% |
714,394
+551,493
| +339% | +$9.72M |
|
2886
Applied Optoelectronics
AAOI
$12.5B
| $11.5M | ﹤0.01% |
329,471
-693,752
| -68% | -$20.7M |
|
|
METU
2887
PUT
Direxion Daily META Bull 2X ETF
METU
$460M
| $11.5M | ﹤0.01% |
356,600
+162,900
| +84% | +$5.58M |
|
2888
CALL
Ultragenyx Pharmaceutical
RARE
$2.59B
| $11.4M | ﹤0.01% |
497,100
+201,500
| +68% | +$6.63M |
|
2889
PUT
OneMain Financial
OMF
$7.55B
| $11.4M | ﹤0.01% |
169,100
-41,400
| -20% | -$2.52M |
|
2890
CALL
Richtech Robotics
RR
$391M
| $11.4M | ﹤0.01% |
3,533,200
+2,392,500
| +210% | +$10.6M |
|
2891
CALL
ASP Isotopes
ASPI
$538M
| $11.4M | ﹤0.01% |
2,131,100
+362,300
| +20% | +$2.88M |
|
2892
CALL
Equity Lifestyle Properties
ELS
$12.7B
| $11.4M | ﹤0.01% |
187,900
+1,100
| +0.6% | +$68K |
|
|
FLY
2893
PUT
Firefly Aerospace
FLY
$4.44B
| $11.3M | ﹤0.01% |
506,900
+221,100
| +77% | +$5.12M |
|
2894
Ormat Technologies
ORA
$7.07B
| $11.3M | ﹤0.01% |
102,527
-228,685
| -69% | -$25M |
|
|
SLNO
2895
DELISTED
Soleno Therapeutics
SLNO
| $11.3M | ﹤0.01% |
244,358
+228,340
| +1,426% | +$12.5M |
|
2896
CALL
Birkenstock
BIRK
$7.3B
| $11.3M | ﹤0.01% |
276,400
-204,900
| -43% | -$8.68M |
|
2897
CALL
AllianceBernstein
AB
$3.41B
| $11.3M | ﹤0.01% |
293,700
+67,600
| +30% | +$2.68M |
|
2898
PUT
Viatris
VTRS
$18.6B
| $11.3M | ﹤0.01% |
907,500
-80,700
| -8% | -$871K |
|
2899
CALL
TechnipFMC
FTI
$30.7B
| $11.3M | ﹤0.01% |
253,500
-137,800
| -35% | -$5.82M |
|
2900
PUT
Direxion Daily AMZN Bull 2X ETF
AMZU
$312M
| $11.3M | ﹤0.01% |
322,400
+177,000
| +122% | +$6.44M |
|
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.