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 | |
|---|---|---|---|---|---|---|
3326
JetBlue
JBLU
$2.13B
| $8.1M | ﹤0.01% |
1,780,039
+614,349
| +53% | +$2.8M |
|
3327
PUT
Ball Corp
BALL
$16.4B
| $8.1M | ﹤0.01% |
152,900
-240,900
| -61% | -$11.9M |
|
|
VISN
3328
CALL
Vistance Networks Inc
VISN
$2.66B
| $8.09M | ﹤0.01% |
446,000
-667,000
| -60% | -$11.5M |
|
|
VOYG
3329
CALL
Voyager Technologies
VOYG
$2.6B
| $8.07M | ﹤0.01% |
308,900
+249,000
| +416% | +$6.75M |
|
3330
CALL
Western Union
WU
$2.32B
| $8.07M | ﹤0.01% |
867,300
+558,000
| +180% | +$4.93M |
|
3331
Toll Brothers
TOL
$13.9B
| $8.07M | ﹤0.01% |
59,712
-27,549
| -32% | -$3.74M |
|
3332
PUT
Blue Owl Capital
OBDC
$5.78B
| $8.07M | ﹤0.01% |
649,500
+429,800
| +196% | +$5.46M |
|
3333
PUT
Ouster
OUST
$3.51B
| $8.07M | ﹤0.01% |
372,700
-120,900
| -24% | -$3.19M |
|
3334
C.H. Robinson
CHRW
$17.4B
| $8.06M | ﹤0.01% |
50,139
-28,648
| -36% | -$4.23M |
|
3335
CALL
Clover Health Investments
CLOV
$2.44B
| $8.05M | ﹤0.01% |
3,427,200
-36,400
| -1% | -$99.5K |
|
3336
PUT
Darling Ingredients
DAR
$10.6B
| $8.05M | ﹤0.01% |
223,700
+116,200
| +108% | +$3.93M |
|
3337
Rivian
RIVN
$22.2B
| $8.05M | ﹤0.01% |
408,410
-304,857
| -43% | -$4.84M |
|
3338
NRG Energy
NRG
$26.5B
| $8.04M | ﹤0.01% |
50,464
-62,700
| -55% | -$10.4M |
|
3339
CALL
Mid-America Apartment Communities
MAA
$15.5B
| $8.03M | ﹤0.01% |
57,800
-36,100
| -38% | -$4.81M |
|
3340
Waters Corp
WAT
$40.5B
| $8.01M | ﹤0.01% |
21,095
-1,422
| -6% | -$523K |
|
3341
CALL
Harley-Davidson
HOG
$2.89B
| $8M | ﹤0.01% |
390,400
-165,500
| -30% | -$4.07M |
|
3342
PUT
Blackstone Secured Lending
BXSL
$5.75B
| $8M | ﹤0.01% |
303,800
-22,000
| -7% | -$590K |
|
3343
Public Service Enterprise Group
PEG
$37.9B
| $8M | ﹤0.01% |
99,613
+8,288
| +9% | +$676K |
|
3344
PUT
Plains All American Pipeline
PAA
$16.9B
| $7.99M | ﹤0.01% |
444,700
-18,700
| -4% | -$318K |
|
3345
PUT
Ecolab
ECL
$77.4B
| $7.98M | ﹤0.01% |
30,400
-20,000
| -40% | -$5.33M |
|
3346
PUT
SiTime
SITM
$21.4B
| $7.95M | ﹤0.01% |
22,500
-39,100
| -63% | -$12.2M |
|
3347
Cal-Maine
CALM
$3.8B
| $7.94M | ﹤0.01% |
99,805
+71,828
| +257% | +$6.31M |
|
3348
Ingersoll Rand
IR
$32.3B
| $7.94M | ﹤0.01% |
100,199
-31,828
| -24% | -$2.51M |
|
3349
CALL
Ocular Therapeutix
OCUL
$2.2B
| $7.94M | ﹤0.01% |
653,700
+113,000
| +21% | +$1.37M |
|
3350
CALL
Pinnacle West Capital
PNW
$12.3B
| $7.92M | ﹤0.01% |
89,300
-33,000
| -27% | -$2.96M |
|
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.