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 | |
|---|---|---|---|---|---|---|
3051
SAP
SAP
$240B
| $9.93M | ﹤0.01% |
40,864
-6,195
| -13% | -$1.58M |
|
|
GES
3052
CALL
DELISTED
Guess Inc
GES
| $9.92M | ﹤0.01% |
592,500
+311,600
| +111% | +$5.26M |
|
3053
CALL
Crown Holdings
CCK
$12.9B
| $9.91M | ﹤0.01% |
96,200
+7,500
| +8% | +$731K |
|
3054
Camden Property Trust
CPT
$11.1B
| $9.9M | ﹤0.01% |
89,960
+72,064
| +403% | +$7.49M |
|
3055
PUT
dLocal
DLO
$4.17B
| $9.9M | ﹤0.01% |
699,800
-305,100
| -30% | -$4.3M |
|
3056
CALL
Inhibrx
INBX
$1.3B
| $9.88M | ﹤0.01% |
125,100
+104,500
| +507% | +$7.12M |
|
3057
CALL
Pampa Energía
PAM
$4.23B
| $9.87M | ﹤0.01% |
111,500
+73,600
| +194% | +$5.93M |
|
3058
PUT
Hormel Foods
HRL
$13.5B
| $9.86M | ﹤0.01% |
416,200
-177,300
| -30% | -$4.14M |
|
3059
CALL
State Street SPDR S&P Insurance ETF
KIE
$684M
| $9.86M | ﹤0.01% |
163,900
+61,900
| +61% | +$3.64M |
|
3060
2x Long VIX Futures ETF
UVIX
$200M
| $9.83M | ﹤0.01% |
86,101
+57,220
| +198% | +$10.5M |
|
3061
CF Industries
CF
$17.9B
| $9.83M | ﹤0.01% |
127,115
+70,099
| +123% | +$5.76M |
|
3062
CALL
Hercules Capital
HTGC
$3.13B
| $9.83M | ﹤0.01% |
522,100
+391,300
| +299% | +$7.06M |
|
3063
CALL
PTC Therapeutics
PTCT
$5.98B
| $9.81M | ﹤0.01% |
129,200
-90,500
| -41% | -$6.58M |
|
3064
CALL
iShares MSCI Germany ETF
EWG
$1.68B
| $9.81M | ﹤0.01% |
230,900
-28,000
| -11% | -$1.16M |
|
3065
PUT
Robert Half
RHI
$4.42B
| $9.81M | ﹤0.01% |
361,300
+171,400
| +90% | +$4.89M |
|
3066
CALL
Commault Systems
CVLT
$6.1B
| $9.8M | ﹤0.01% |
78,200
-55,500
| -42% | -$7.81M |
|
3067
PUT
Ferguson
FERG
$47.4B
| $9.8M | ﹤0.01% |
44,000
-26,500
| -38% | -$6.33M |
|
3068
PUT
Krystal Biotech
KRYS
$9.83B
| $9.79M | ﹤0.01% |
39,700
-102,800
| -72% | -$21.6M |
|
3069
CALL
American Superconductor
AMSC
$1.55B
| $9.79M | ﹤0.01% |
340,000
+40,400
| +13% | +$1.75M |
|
3070
PUT
Banc of California
BANC
$3.13B
| $9.78M | ﹤0.01% |
506,900
+199,000
| +65% | +$3.57M |
|
3071
PUT
Ocular Therapeutix
OCUL
$2.2B
| $9.78M | ﹤0.01% |
805,400
+627,400
| +352% | +$7.62M |
|
|
3072
PUT
PTC Therapeutics
PTCT
$5.98B
| $9.78M | ﹤0.01% |
128,700
+4,200
| +3% | +$305K |
|
3073
CALL
Shoals Technologies Group
SHLS
$1.42B
| $9.77M | ﹤0.01% |
1,149,200
+68,300
| +6% | +$614K |
|
3074
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.71B
| $9.76M | ﹤0.01% |
241,900
+156,000
| +182% | +$6.42M |
|
3075
PUT
Planet Fitness
PLNT
$3.8B
| $9.74M | ﹤0.01% |
89,800
+21,600
| +32% | +$2.22M |
|
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.