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 | |
|---|---|---|---|---|---|---|
3101
Aon
AON
$75.5B
| $9.56M | ﹤0.01% |
27,097
-32,209
| -54% | -$11.2M |
|
3102
Cognizant
CTSH
$26.5B
| $9.56M | ﹤0.01% |
115,185
+2,772
| +2% | +$207K |
|
3103
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$674M
| $9.55M | ﹤0.01% |
254,500
+146,180
| +135% | +$5.91M |
|
3104
PUT
Advanced Energy
AEIS
$13.2B
| $9.55M | ﹤0.01% |
45,600
-7,200
| -14% | -$1.47M |
|
3105
PUT
XP
XP
$8.17B
| $9.55M | ﹤0.01% |
583,200
+99,900
| +21% | +$1.76M |
|
3106
PUT
Eldorado Gold
EGO
$10.4B
| $9.54M | ﹤0.01% |
265,700
+72,300
| +37% | +$2.16M |
|
3107
CALL
Scholar Rock
SRRK
$6.4B
| $9.54M | ﹤0.01% |
216,500
+42,900
| +25% | +$1.61M |
|
|
STUB
3108
PUT
StubHub Holdings
STUB
$3.03B
| $9.53M | ﹤0.01% |
704,300
+513,300
| +269% | +$8.07M |
|
3109
CALL
Upwork
UPWK
$1.06B
| $9.52M | ﹤0.01% |
480,300
-158,900
| -25% | -$2.91M |
|
3110
Carrier Global
CARR
$51.8B
| $9.5M | ﹤0.01% |
179,787
-121,090
| -40% | -$6.73M |
|
3111
PUT
Ovintiv
OVV
$17.4B
| $9.49M | ﹤0.01% |
242,200
-73,900
| -23% | -$2.86M |
|
|
METU
3112
CALL
Direxion Daily META Bull 2X ETF
METU
$457M
| $9.49M | ﹤0.01% |
295,500
+256,900
| +666% | +$8.8M |
|
3113
PUT
-1x Short VIX Futures ETF
SVIX
$173M
| $9.48M | ﹤0.01% |
391,400
-235,000
| -38% | -$4.83M |
|
3114
CALL
Silicon Motion
SIMO
$9.12B
| $9.48M | ﹤0.01% |
102,300
-62,200
| -38% | -$5.71M |
|
|
LAC
3115
PUT
Lithium Americas
LAC
$1.23B
| $9.48M | ﹤0.01% |
2,173,200
+1,276,600
| +142% | +$7.37M |
|
3116
PUT
Braze
BRZE
$3.26B
| $9.47M | ﹤0.01% |
276,300
+264,600
| +2,262% | +$7.84M |
|
3117
Cipher Digital
CIFR
$7.41B
| $9.47M | ﹤0.01% |
641,800
-9,039,657
| -93% | -$160M |
|
3118
PUT
Bank of Montreal
BMO
$130B
| $9.46M | ﹤0.01% |
72,900
-111,700
| -61% | -$14.1M |
|
3119
CALL
Paylocity
PCTY
$7.87B
| $9.46M | ﹤0.01% |
62,000
+56,700
| +1,070% | +$8.44M |
|
|
HI
3120
PUT
DELISTED
Hillenbrand
HI
| $9.45M | ﹤0.01% |
297,800
+276,700
| +1,311% | +$8.53M |
|
3121
Coinshares Bitcoin ETF
BRRR
$396M
| $9.44M | ﹤0.01% |
381,692
+317,651
| +496% | +$8.98M |
|
3122
CALL
Group 1 Automotive
GPI
$3.15B
| $9.44M | ﹤0.01% |
24,000
-4,400
| -15% | -$1.81M |
|
3123
CALL
Photronics
PLAB
$1.96B
| $9.44M | ﹤0.01% |
294,900
+222,700
| +308% | +$5.75M |
|
3124
Fastenal
FAST
$58.5B
| $9.42M | ﹤0.01% |
234,736
+35,964
| +18% | +$1.51M |
|
3125
CALL
Aaon
AAON
$7.24B
| $9.42M | ﹤0.01% |
123,500
-63,900
| -34% | -$5.9M |
|
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.