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 | |
|---|---|---|---|---|---|---|
3526
Garrett Motion
GTX
$5.41B
| $7.01M | ﹤0.01% |
402,312
+101,679
| +34% | +$1.62M |
|
3527
PUT
iShares Core Dividend Growth ETF
DGRO
$43.8B
| $7.01M | ﹤0.01% |
101,000
+84,800
| +523% | +$5.83M |
|
3528
Icahn Enterprises
IEP
$5.27B
| $7.01M | ﹤0.01% |
+928,180
| New | +$7.48M |
|
3529
CALL
B2Gold
BTG
$6.79B
| $7.01M | ﹤0.01% |
1,553,800
+320,800
| +26% | +$1.5M |
|
3530
CALL
Telephone and Data Systems
TDS
$4.05B
| $6.99M | ﹤0.01% |
170,600
-169,500
| -50% | -$6.6M |
|
3531
CALL
HEICO Corp
HEI
$52.4B
| $6.99M | ﹤0.01% |
21,600
-51,600
| -70% | -$16.3M |
|
3532
PUT
Boston Beer
SAM
$1.91B
| $6.99M | ﹤0.01% |
35,800
-11,300
| -24% | -$2.33M |
|
|
WAY
3533
PUT
Waystar Holding Corp
WAY
$4.75B
| $6.99M | ﹤0.01% |
213,300
-13,000
| -6% | -$463K |
|
3534
CALL
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.9M
| $6.98M | ﹤0.01% |
98,100
+79,400
| +425% | +$5.56M |
|
3535
CALL
Mattel
MAT
$4.29B
| $6.98M | ﹤0.01% |
351,900
+42,100
| +14% | +$813K |
|
3536
Dollar General
DG
$27.2B
| $6.98M | ﹤0.01% |
52,583
-370,576
| -88% | -$41.3M |
|
3537
iShares MSCI Turkey ETF
TUR
$222M
| $6.98M | ﹤0.01% |
202,673
+143,275
| +241% | +$4.85M |
|
3538
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $6.97M | ﹤0.01% |
118,845
+105,876
| +816% | +$6.32M |
|
|
SKE
3539
Skeena Resources
SKE
$4.1B
| $6.96M | ﹤0.01% |
293,455
+208,524
| +246% | +$4.11M |
|
|
HIVE
3540
HIVE Digital Technologies
HIVE
$736M
| $6.96M | ﹤0.01% |
2,699,030
-110,619
| -4% | -$467K |
|
3541
CALL
Hyatt Hotels
H
$17.1B
| $6.96M | ﹤0.01% |
43,400
-21,400
| -33% | -$3.28M |
|
|
MSTU
3542
PUT
T-Rex 2X Long MSTR Daily Target ETF
MSTU
$296M
| $6.96M | ﹤0.01% |
837,000
+598,810
| +251% | +$14.2M |
|
|
MSTX
3543
CALL
Defiance Daily Target 2x Long MSTR ETF
MSTX
$126M
| $6.95M | ﹤0.01% |
180,640
-179,990
| -50% | -$19.5M |
|
3544
PUT
InMode
INMD
$872M
| $6.95M | ﹤0.01% |
473,200
+38,900
| +9% | +$572K |
|
3545
CALL
Atour Lifestyle Holdings
ATAT
$4.65B
| $6.95M | ﹤0.01% |
176,300
-83,500
| -32% | -$3.27M |
|
3546
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$369M
| $6.94M | ﹤0.01% |
164,598
+4,353
| +3% | +$180K |
|
3547
PUT
NEOS S&P 500 High Income ETF
SPYI
$11.4B
| $6.94M | ﹤0.01% |
132,100
+44,800
| +51% | +$2.35M |
|
3548
iShares Global Financials ETF
IXG
$702M
| $6.93M | ﹤0.01% |
57,408
-7,459
| -11% | -$869K |
|
3549
PUT
Repligen
RGEN
$9.42B
| $6.93M | ﹤0.01% |
42,300
-78,700
| -65% | -$12.3M |
|
3550
PUT
Blackstone Mortgage Trust
BXMT
$2.44B
| $6.93M | ﹤0.01% |
362,100
-112,300
| -24% | -$2.13M |
|
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.