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 | |
|---|---|---|---|---|---|---|
3426
CALL
Oshkosh
OSK
$9.44B
| $7.53M | ﹤0.01% |
59,900
-6,100
| -9% | -$785K |
|
3427
PUT
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$228M
| $7.52M | ﹤0.01% |
187,600
-23,400
| -11% | -$1.12M |
|
3428
PUT
Leidos
LDOS
$18B
| $7.52M | ﹤0.01% |
41,700
-136,600
| -77% | -$25.9M |
|
3429
CALL
Blackstone Secured Lending
BXSL
$5.75B
| $7.52M | ﹤0.01% |
285,600
-29,600
| -9% | -$794K |
|
3430
Conagra Brands
CAG
$7.5B
| $7.52M | ﹤0.01% |
434,388
-21,173
| -5% | -$376K |
|
3431
CALL
Cogent Biosciences
COGT
$6.58B
| $7.52M | ﹤0.01% |
211,600
+12,500
| +6% | +$351K |
|
3432
PUT
Yum China
YUMC
$16.3B
| $7.51M | ﹤0.01% |
157,400
-164,400
| -51% | -$7.53M |
|
3433
PUT
Nokia
NOK
$60.1B
| $7.51M | ﹤0.01% |
1,161,400
+653,700
| +129% | +$4.05M |
|
3434
Molson Coors Class B
TAP
$7.97B
| $7.51M | ﹤0.01% |
160,966
-195,786
| -55% | -$9.03M |
|
3435
CALL
United Natural Foods
UNFI
$2.93B
| $7.51M | ﹤0.01% |
223,000
+16,300
| +8% | +$606K |
|
3436
PUT
Omega Healthcare
OHI
$14.1B
| $7.5M | ﹤0.01% |
169,200
-173,500
| -51% | -$7.47M |
|
3437
CALL
ProShares UltraPro Russell2000
URTY
$368M
| $7.5M | ﹤0.01% |
141,000
+73,000
| +107% | +$3.95M |
|
|
TBIL
3438
F/m US Treasury 3 Month Bill Fund
TBIL
$7.24B
| $7.5M | ﹤0.01% |
150,315
+115,584
| +333% | +$5.77M |
|
3439
Atmos Energy
ATO
$28.7B
| $7.49M | ﹤0.01% |
44,707
+4,945
| +12% | +$855K |
|
3440
PUT
Omnicom Group
OMC
$24B
| $7.49M | ﹤0.01% |
92,800
+45,500
| +96% | +$3.48M |
|
3441
PUT
Canadian Imperial Bank of Commerce
CM
$113B
| $7.49M | ﹤0.01% |
82,700
+19,300
| +30% | +$1.66M |
|
3442
GDS Holdings
GDS
$6.89B
| $7.49M | ﹤0.01% |
214,649
-206,325
| -49% | -$7.13M |
|
|
BAI
3443
iShares A.I. Innovation and Tech Active ETF
BAI
$14.4B
| $7.48M | ﹤0.01% |
224,648
+114,952
| +105% | +$3.98M |
|
|
FETH
3444
Fidelity Ethereum Fund
FETH
$1.01B
| $7.48M | ﹤0.01% |
252,485
+37,265
| +17% | +$1.29M |
|
3445
PUT
FuelCell Energy
FCEL
$1.79B
| $7.47M | ﹤0.01% |
1,022,400
+526,900
| +106% | +$4.31M |
|
3446
CALL
PTC
PTC
$16.2B
| $7.47M | ﹤0.01% |
42,900
-48,500
| -53% | -$9.01M |
|
|
ARR
3447
CALL
Armour Residential REIT
ARR
$2.37B
| $7.45M | ﹤0.01% |
421,100
-238,400
| -36% | -$3.95M |
|
3448
Vanguard Morningstar Growth ETF
VUG
$230B
| $7.44M | ﹤0.01% |
91,530
-52,734
| -37% | -$4.28M |
|
|
ARR
3449
PUT
Armour Residential REIT
ARR
$2.37B
| $7.44M | ﹤0.01% |
420,600
-72,200
| -15% | -$1.2M |
|
3450
CALL
Petrobras Class A
PBR.A
$104B
| $7.43M | ﹤0.01% |
659,700
-2,281,700
| -78% | -$26.3M |
|
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.