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 | |
|---|---|---|---|---|---|---|
|
DFTX
3376
CALL
Definium Therapeutics
DFTX
$5.73B
| $7.81M | ﹤0.01% |
583,600
-213,800
| -27% | -$2.65M |
|
3377
Monster Beverage
MNST
$91.7B
| $7.81M | ﹤0.01% |
203,702
-376,646
| -65% | -$13.5M |
|
3378
CALL
AppFolio
APPF
$7.23B
| $7.79M | ﹤0.01% |
33,500
+200
| +0.6% | +$47.5K |
|
|
GRID
3379
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$12.2B
| $7.79M | ﹤0.01% |
50,924
+30,216
| +146% | +$4.64M |
|
3380
CALL
Vanguard Morningstar Small-Cap Growth ETF
VBK
$25B
| $7.76M | ﹤0.01% |
25,700
+5,400
| +27% | +$1.63M |
|
3381
PUT
Consolidated Edison
ED
$40.2B
| $7.76M | ﹤0.01% |
78,100
-38,800
| -33% | -$3.85M |
|
3382
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.42B
| $7.76M | ﹤0.01% |
637,900
-1,650,000
| -72% | -$25.9M |
|
|
MESO
3383
Mesoblast
MESO
$2.02B
| $7.75M | ﹤0.01% |
429,844
+158,356
| +58% | +$2.72M |
|
3384
PUT
STAAR Surgical
STAA
$1.3B
| $7.75M | ﹤0.01% |
335,500
+324,700
| +3,006% | +$8.37M |
|
3385
Ball Corp
BALL
$16.4B
| $7.74M | ﹤0.01% |
146,070
+16,622
| +13% | +$818K |
|
3386
State Street SPDR S&P Homebuilders ETF
XHB
$1.59B
| $7.73M | ﹤0.01% |
75,122
-35,022
| -32% | -$3.72M |
|
3387
PUT
Canadian Pacific Kansas City
CP
$82.2B
| $7.73M | ﹤0.01% |
105,000
-115,200
| -52% | -$8.48M |
|
3388
Mercury Insurance
MCY
$5.84B
| $7.73M | ﹤0.01% |
82,138
+19,083
| +30% | +$1.66M |
|
3389
PUT
Plug Power
PLUG
$3.24B
| $7.72M | ﹤0.01% |
3,921,100
+243,200
| +7% | +$635K |
|
3390
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$430M
| $7.71M | ﹤0.01% |
399,300
-126,600
| -24% | -$2.6M |
|
3391
CALL
Rithm Capital
RITM
$5.79B
| $7.71M | ﹤0.01% |
707,000
-462,800
| -40% | -$5.11M |
|
3392
CALL
DTE Energy
DTE
$29.3B
| $7.7M | ﹤0.01% |
59,700
+4,400
| +8% | +$598K |
|
|
PENG
3393
CALL
Penguin Solutions Inc
PENG
$3.27B
| $7.7M | ﹤0.01% |
393,500
+46,500
| +13% | +$996K |
|
|
RPT
3394
CALL
Rithm Property Trust
RPT
$104M
| $7.69M | ﹤0.01% |
464,000
+405,433
| +692% | +$6.23M |
|
3395
PUT
Chord Energy
CHRD
$7.51B
| $7.68M | ﹤0.01% |
82,900
-59,000
| -42% | -$5.47M |
|
|
DOCU
3396
DocuSign
DOCU
$11.8B
| $7.68M | ﹤0.01% |
112,330
+66,178
| +143% | +$4.58M |
|
3397
ProShares UltraPro S&P 500
UPRO
$5.82B
| $7.68M | ﹤0.01% |
66,341
+59,639
| +890% | +$6.82M |
|
3398
PUT
Vanguard Morningstar Value ETF
VTV
$194B
| $7.66M | ﹤0.01% |
40,100
+15,800
| +65% | +$2.97M |
|
3399
CALL
Antero Midstream
AM
$10.7B
| $7.65M | ﹤0.01% |
430,000
-197,500
| -31% | -$3.56M |
|
3400
PureCycle Technologies
PCT
$1.4B
| $7.64M | ﹤0.01% |
889,917
-835,467
| -48% | -$8.87M |
|
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.