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 | |
|---|---|---|---|---|---|---|
2926
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65M
| $11M | ﹤0.01% |
84,560
+66,282
| +363% | +$8.48M |
|
2927
CALL
Onto Innovation
ONTO
$20.5B
| $11M | ﹤0.01% |
69,500
-20,600
| -23% | -$2.93M |
|
2928
PUT
Iron Mountain
IRM
$38.4B
| $11M | ﹤0.01% |
132,200
-46,700
| -26% | -$4.37M |
|
2929
CALL
Schrodinger
SDGR
$1.33B
| $11M | ﹤0.01% |
613,000
+219,200
| +56% | +$4.16M |
|
|
CIVI
2930
PUT
DELISTED
Civitas Resources
CIVI
| $11M | ﹤0.01% |
404,500
-190,500
| -32% | -$5.51M |
|
2931
Qorvo
QRVO
$8.57B
| $11M | ﹤0.01% |
129,662
+30,621
| +31% | +$2.7M |
|
2932
CALL
Replimune Group
REPL
$1.41B
| $11M | ﹤0.01% |
1,126,600
-670,400
| -37% | -$5.7M |
|
2933
CALL
Hallador Energy
HNRG
$761M
| $10.9M | ﹤0.01% |
574,800
-134,400
| -19% | -$2.72M |
|
2934
CALL
Valmont Industries
VMI
$9.56B
| $10.9M | ﹤0.01% |
27,100
-12,600
| -32% | -$5.13M |
|
2935
Lightpath Technologies
LPTH
$939M
| $10.9M | ﹤0.01% |
1,008,521
+407,487
| +68% | +$3.3M |
|
2936
CALL
Direxion Daily AMZN Bull 2X ETF
AMZU
$311M
| $10.9M | ﹤0.01% |
310,800
+56,200
| +22% | +$2.05M |
|
2937
PUT
Murphy USA
MUSA
$10.5B
| $10.9M | ﹤0.01% |
26,900
+7,200
| +37% | +$2.76M |
|
2938
CALL
Tencent Music
TME
$14.4B
| $10.8M | ﹤0.01% |
618,700
-558,700
| -47% | -$11.3M |
|
2939
PUT
Celanese
CE
$4.98B
| $10.8M | ﹤0.01% |
255,600
-59,100
| -19% | -$2.41M |
|
2940
PUT
Bank OZK
OZK
$5.71B
| $10.8M | ﹤0.01% |
234,800
+41,500
| +21% | +$1.94M |
|
2941
CALL
MarketAxess Holdings
MKTX
$5.72B
| $10.8M | ﹤0.01% |
59,600
-152,900
| -72% | -$26.1M |
|
2942
PUT
Wave Life Sciences
WVE
$1.04B
| $10.8M | ﹤0.01% |
634,100
+620,300
| +4,495% | +$6.3M |
|
2943
Maximus
MMS
$2.89B
| $10.8M | ﹤0.01% |
124,679
+111,442
| +842% | +$9.53M |
|
2944
PUT
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$243M
| $10.8M | ﹤0.01% |
281,200
+161,700
| +135% | +$7.92M |
|
2945
CALL
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $10.7M | ﹤0.01% |
105,700
+51,900
| +96% | +$5.35M |
|
2946
Occidental Petroleum Corp Warrants
OXY.WS
$34.5B
| $10.7M | ﹤0.01% |
556,914
-12,334
| -2% | -$245K |
|
|
SA
2947
PUT
Seabridge Gold
SA
$3.61B
| $10.7M | ﹤0.01% |
362,500
+105,700
| +41% | +$2.78M |
|
2948
PUT
Viking Holdings
VIK
$44.3B
| $10.7M | ﹤0.01% |
150,200
-99,200
| -40% | -$6.33M |
|
2949
PUT
TPG
TPG
$8.51B
| $10.7M | ﹤0.01% |
167,900
+93,000
| +124% | +$5.49M |
|
2950
PUT
AutoNation
AN
$6.9B
| $10.7M | ﹤0.01% |
51,900
+25,300
| +95% | +$5.26M |
|
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.