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 | |
|---|---|---|---|---|---|---|
3001
PUT
Sigma Lithium
SGML
$1.34B
| $10.3M | ﹤0.01% |
782,400
+301,000
| +63% | +$2.59M |
|
3002
PUT
Weibo
WB
$1.88B
| $10.3M | ﹤0.01% |
1,009,600
-66,900
| -6% | -$718K |
|
3003
YieldMax NVDA Option Income Strategy ETF
NVDY
$1.47B
| $10.3M | ﹤0.01% |
705,875
-2,566
| -0.4% | -$39.5K |
|
3004
CALL
Magna International
MGA
$18.8B
| $10.3M | ﹤0.01% |
193,400
-34,700
| -15% | -$1.7M |
|
3005
CALL
Nokia
NOK
$60.1B
| $10.3M | ﹤0.01% |
1,592,500
+1,452,900
| +1,041% | +$9.01M |
|
3006
PUT
ODDITY Tech
ODD
$605M
| $10.3M | ﹤0.01% |
256,000
+114,800
| +81% | +$5.19M |
|
3007
PUT
Varonis Systems
VRNS
$5.17B
| $10.3M | ﹤0.01% |
+313,600
| New | +$13.2M |
|
|
SW
3008
Smurfit Westrock
SW
$25.8B
| $10.3M | ﹤0.01% |
265,837
+150,051
| +130% | +$5.72M |
|
3009
iShares Global Comm Services ETF
IXP
$572M
| $10.3M | ﹤0.01% |
84,702
+79,305
| +1,469% | +$9.69M |
|
3010
Plug Power
PLUG
$3.24B
| $10.3M | ﹤0.01% |
5,211,698
+4,806,378
| +1,186% | +$12.5M |
|
3011
PUT
Celcuity
CELC
$4.49B
| $10.2M | ﹤0.01% |
102,500
-4,500
| -4% | -$370K |
|
|
3012
CALL
Sigma Lithium
SGML
$1.34B
| $10.2M | ﹤0.01% |
774,500
+706,000
| +1,031% | +$6.08M |
|
3013
Kohl's
KSS
$2.18B
| $10.2M | ﹤0.01% |
500,308
+95,261
| +24% | +$1.79M |
|
3014
CALL
WD-40
WDFC
$3.08B
| $10.2M | ﹤0.01% |
51,800
+18,300
| +55% | +$3.61M |
|
3015
PUT
Omeros
OMER
$1.24B
| $10.2M | ﹤0.01% |
593,500
+423,300
| +249% | +$3.65M |
|
3016
CALL
Amer Sports
AS
$19.1B
| $10.2M | ﹤0.01% |
272,800
+78,900
| +41% | +$2.71M |
|
3017
TPG
TPG
$8.51B
| $10.2M | ﹤0.01% |
159,325
-4,624
| -3% | -$273K |
|
3018
CALL
McCormick & Company Non-Voting
MKC
$14.7B
| $10.2M | ﹤0.01% |
149,100
-46,100
| -24% | -$3.06M |
|
3019
CALL
Everest Group
EG
$14.2B
| $10.1M | ﹤0.01% |
29,900
+8,400
| +39% | +$2.77M |
|
3020
PUT
Noble Corp
NE
$7.2B
| $10.1M | ﹤0.01% |
358,900
+12,800
| +4% | +$378K |
|
3021
CALL
Owens Corning
OC
$12.2B
| $10.1M | ﹤0.01% |
90,500
-29,500
| -25% | -$3.46M |
|
3022
PUT
Fomento Económico Mexicano
FMX
$40.3B
| $10.1M | ﹤0.01% |
100,200
+47,000
| +88% | +$4.57M |
|
3023
CALL
Coca-Cola Europacific Partners
CCEP
$47.6B
| $10.1M | ﹤0.01% |
111,500
+82,000
| +278% | +$7.41M |
|
3024
PUT
Olema Pharmaceuticals
OLMA
$930M
| $10.1M | ﹤0.01% |
+404,000
| New | +$7.19M |
|
|
VTYX
3025
DELISTED
Ventyx Biosciences
VTYX
| $10.1M | ﹤0.01% |
1,118,275
+438,297
| +64% | +$3.28M |
|
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.