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 | |
|---|---|---|---|---|---|---|
2901
PUT
Cogent Biosciences
COGT
$6.55B
| $11.3M | ﹤0.01% |
316,800
+45,800
| +17% | +$1.29M |
|
2902
PUT
Harrow
HROW
$1.5B
| $11.3M | ﹤0.01% |
229,600
+56,800
| +33% | +$2.38M |
|
2903
Centuri Holdings
CTRI
$2.37B
| $11.2M | ﹤0.01% |
445,326
+343,363
| +337% | +$7.68M |
|
2904
PUT
CACI
CACI
$14.7B
| $11.2M | ﹤0.01% |
21,100
+5,100
| +32% | +$2.88M |
|
|
WRD
2905
CALL
WeRide Inc
WRD
$1.91B
| $11.2M | ﹤0.01% |
1,293,900
+202,300
| +19% | +$1.88M |
|
2906
CALL
Fortuna Silver Mines
FSM
$3.16B
| $11.2M | ﹤0.01% |
1,144,700
-78,300
| -6% | -$705K |
|
2907
PUT
iShares Core S&P Small-Cap ETF
IJR
$113B
| $11.2M | ﹤0.01% |
93,300
+35,300
| +61% | +$4.22M |
|
2908
Sigma Lithium
SGML
$1.31B
| $11.2M | ﹤0.01% |
849,948
-9,312
| -1% | -$80.2K |
|
2909
CALL
Lantheus
LNTH
$6.59B
| $11.2M | ﹤0.01% |
168,400
+17,600
| +12% | +$1.02M |
|
2910
U-Haul Holding Co Series N
UHAL.B
$12.7B
| $11.2M | ﹤0.01% |
239,399
+9,717
| +4% | +$473K |
|
|
JMIA
2911
CALL
Jumia Technologies
JMIA
$759M
| $11.2M | ﹤0.01% |
894,900
+12,900
| +1% | +$149K |
|
2912
Uranium Energy
UEC
$5.55B
| $11.2M | ﹤0.01% |
956,469
-86,157
| -8% | -$1.13M |
|
2913
CALL
Omega Healthcare
OHI
$14.1B
| $11.2M | ﹤0.01% |
251,500
+20,100
| +9% | +$866K |
|
2914
CALL
Krystal Biotech
KRYS
$9.77B
| $11.1M | ﹤0.01% |
45,200
-68,600
| -60% | -$14.4M |
|
2915
CALL
Nordson
NDSN
$17.2B
| $11.1M | ﹤0.01% |
46,300
-12,100
| -21% | -$2.84M |
|
2916
PUT
POET Technologies
POET
$1.64B
| $11.1M | ﹤0.01% |
1,756,300
+1,377,200
| +363% | +$8.73M |
|
2917
CALL
PENN Entertainment
PENN
$2.52B
| $11.1M | ﹤0.01% |
753,200
-290,900
| -28% | -$4.54M |
|
2918
CALL
Textron
TXT
$15.3B
| $11.1M | ﹤0.01% |
127,000
-21,800
| -15% | -$1.82M |
|
2919
PUT
Nasdaq
NDAQ
$54.3B
| $11.1M | ﹤0.01% |
113,900
-219,700
| -66% | -$19.8M |
|
2920
PUT
Canadian National Railway
CNI
$76.8B
| $11.1M | ﹤0.01% |
111,900
-16,500
| -13% | -$1.59M |
|
2921
Elastic
ESTC
$8.9B
| $11.1M | ﹤0.01% |
146,494
+61,571
| +73% | +$5.02M |
|
2922
Rigetti Computing
RGTI
$6.24B
| $11M | ﹤0.01% |
498,765
+462,262
| +1,266% | +$15.1M |
|
2923
PUT
iShares S&P 500 Growth ETF
IVW
$77.5B
| $11M | ﹤0.01% |
89,600
+10,600
| +13% | +$1.3M |
|
2924
CALL
Willdan Group
WLDN
$1.33B
| $11M | ﹤0.01% |
106,200
-68,200
| -39% | -$6.71M |
|
2925
Sterling Infrastructure
STRL
$17.6B
| $11M | ﹤0.01% |
35,838
+35,040
| +4,391% | +$12.1M |
|
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.