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 | |
|---|---|---|---|---|---|---|
2976
Darden Restaurants
DRI
$25.6B
| $10.5M | ﹤0.01% |
57,121
+39,099
| +217% | +$7.13M |
|
2977
Morningstar
MORN
$7.81B
| $10.5M | ﹤0.01% |
48,266
+4,589
| +11% | +$994K |
|
|
TE
2978
CALL
T1 Energy
TE
$1.51B
| $10.5M | ﹤0.01% |
1,569,900
+1,515,000
| +2,760% | +$6.68M |
|
2979
CALL
AGCO
AGCO
$7.07B
| $10.4M | ﹤0.01% |
100,100
+44,600
| +80% | +$4.74M |
|
2980
CALL
Boot Barn
BOOT
$4.97B
| $10.4M | ﹤0.01% |
59,100
-75,700
| -56% | -$14.1M |
|
2981
HEICO Corp
HEI
$52.5B
| $10.4M | ﹤0.01% |
32,227
+15,731
| +95% | +$4.97M |
|
2982
PUT
Alamos Gold
AGI
$14B
| $10.4M | ﹤0.01% |
270,300
+54,100
| +25% | +$1.88M |
|
2983
CALL
Sweetgreen
SG
$739M
| $10.4M | ﹤0.01% |
1,541,800
+181,200
| +13% | +$1.25M |
|
2984
PUT
Credit Acceptance
CACC
$6.09B
| $10.4M | ﹤0.01% |
23,500
-9,400
| -29% | -$4.36M |
|
2985
CALL
Plains GP Holdings
PAGP
$5.11B
| $10.4M | ﹤0.01% |
544,400
-703,300
| -56% | -$12.7M |
|
2986
CALL
Packaging Corp of America
PKG
$22.8B
| $10.4M | ﹤0.01% |
50,500
-18,400
| -27% | -$3.74M |
|
2987
Middleby
MIDD
$5.3B
| $10.4M | ﹤0.01% |
69,955
+55,787
| +394% | +$7.32M |
|
|
MRP
2988
Millrose Properties Inc
MRP
$5.04B
| $10.4M | ﹤0.01% |
348,126
+324,224
| +1,356% | +$10.2M |
|
2989
CALL
Labcorp
LH
$25.8B
| $10.4M | ﹤0.01% |
41,400
-71,500
| -63% | -$19M |
|
2990
CALL
Vanguard Total World Stock ETF
VT
$81.8B
| $10.4M | ﹤0.01% |
73,600
-90,000
| -55% | -$12.6M |
|
2991
iShares Core S&P Small-Cap ETF
IJR
$114B
| $10.4M | ﹤0.01% |
86,361
+59,073
| +216% | +$7.06M |
|
2992
CALL
UL Solutions
ULS
$15.5B
| $10.4M | ﹤0.01% |
131,600
+72,000
| +121% | +$5.78M |
|
2993
PUT
Invesco KBW Bank ETF
KBWB
$6.87B
| $10.4M | ﹤0.01% |
123,100
-104,500
| -46% | -$8.27M |
|
2994
Insulet
PODD
$9.95B
| $10.4M | ﹤0.01% |
36,491
-7,372
| -17% | -$2.3M |
|
2995
CALL
Molson Coors Class B
TAP
$7.97B
| $10.4M | ﹤0.01% |
222,100
-33,200
| -13% | -$1.53M |
|
2996
ResMed
RMD
$32.5B
| $10.4M | ﹤0.01% |
43,009
-6,798
| -14% | -$1.74M |
|
2997
CALL
iShares MSCI Japan ETF
EWJ
$23.1B
| $10.4M | ﹤0.01% |
128,200
-215,400
| -63% | -$17.7M |
|
2998
PUT
PVH
PVH
$3.8B
| $10.3M | ﹤0.01% |
154,300
+38,000
| +33% | +$2.97M |
|
2999
Trevi Therapeutics
TRVI
$2.63B
| $10.3M | ﹤0.01% |
825,548
-775,194
| -48% | -$8.96M |
|
3000
Eastern Bankshares
EBC
$5.4B
| $10.3M | ﹤0.01% |
560,786
+318,636
| +132% | +$5.83M |
|
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.