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 | |
|---|---|---|---|---|---|---|
3201
PUT
Red Cat Holdings
RCAT
$1.7B
| $8.97M | ﹤0.01% |
1,131,300
+68,500
| +6% | +$656K |
|
3202
PUT
Dropbox
DBX
$7.48B
| $8.97M | ﹤0.01% |
322,500
+144,700
| +81% | +$4.21M |
|
3203
CALL
Xylem
XYL
$27.9B
| $8.96M | ﹤0.01% |
65,800
+28,200
| +75% | +$4.06M |
|
|
FIGR
3204
Figure Technology Solutions
FIGR
$6.95B
| $8.96M | ﹤0.01% |
219,394
-17,650
| -7% | -$706K |
|
3205
PUT
Viasat
VSAT
$11.4B
| $8.95M | ﹤0.01% |
259,800
-84,400
| -25% | -$2.98M |
|
3206
Advance Auto Parts
AAP
$3.41B
| $8.95M | ﹤0.01% |
227,767
+5,520
| +2% | +$277K |
|
3207
PUT
Enviri
NVRI
$579M
| $8.95M | ﹤0.01% |
499,300
+482,100
| +2,803% | +$7.18M |
|
3208
Vera Therapeutics
VERA
$2.28B
| $8.95M | ﹤0.01% |
176,684
+110,077
| +165% | +$3.91M |
|
3209
CALL
Flex
FLEX
$46.6B
| $8.94M | ﹤0.01% |
148,000
+10,900
| +8% | +$673K |
|
3210
PUT
Aptiv
APTV
$10.3B
| $8.94M | ﹤0.01% |
117,500
-32,700
| -22% | -$2.63M |
|
3211
CALL
Butterfly Network
BFLY
$2.35B
| $8.93M | ﹤0.01% |
2,351,200
+1,934,000
| +464% | +$5.26M |
|
3212
Blue Owl Capital
OWL
$19.1B
| $8.9M | ﹤0.01% |
595,390
+64,737
| +12% | +$1.01M |
|
3213
CALL
Penumbra
PEN
$12.9B
| $8.89M | ﹤0.01% |
28,600
-35,300
| -55% | -$9.75M |
|
3214
PUT
UGI
UGI
$7.59B
| $8.89M | ﹤0.01% |
237,400
+34,000
| +17% | +$1.2M |
|
3215
CALL
SPS Commerce
SPSC
$2.86B
| $8.88M | ﹤0.01% |
99,600
+4,200
| +4% | +$389K |
|
|
CCCX
3216
CALL
DELISTED
Churchill Capital Corp X
CCCX
| $8.87M | ﹤0.01% |
+568,900
| New | +$9.57M |
|
3217
CALL
Booz Allen Hamilton
BAH
$9.32B
| $8.87M | ﹤0.01% |
105,100
-83,200
| -44% | -$7.45M |
|
3218
CALL
FLEX LNG
FLNG
$1.67B
| $8.86M | ﹤0.01% |
355,300
+144,200
| +68% | +$3.68M |
|
3219
CALL
Braze
BRZE
$3.26B
| $8.86M | ﹤0.01% |
258,500
+161,300
| +166% | +$4.78M |
|
3220
CALL
Fortive
FTV
$18.6B
| $8.86M | ﹤0.01% |
160,400
+49,000
| +44% | +$2.54M |
|
3221
PUT
Henry Schein
HSIC
$10B
| $8.83M | ﹤0.01% |
116,800
-46,200
| -28% | -$3.25M |
|
|
FYBR
3222
CALL
DELISTED
Frontier Communications
FYBR
| $8.82M | ﹤0.01% |
231,700
+136,700
| +144% | +$5.17M |
|
|
CMBT
3223
CMB.TECH NV
CMBT
$5B
| $8.82M | ﹤0.01% |
913,586
+254,459
| +39% | +$2.47M |
|
3224
PUT
TripAdvisor
TRIP
$1.26B
| $8.81M | ﹤0.01% |
605,400
-464,200
| -43% | -$7.06M |
|
|
3225
Henry Schein
HSIC
$10B
| $8.78M | ﹤0.01% |
116,115
+15,128
| +15% | +$1.06M |
|
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.