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 | |
|---|---|---|---|---|---|---|
351
PUT
United Parcel Service
UPS
$88.8B
| $354M | 0.04% |
3,569,700
-751,400
| -17% | -$70.3M |
|
352
Goldman Sachs
GS
$301B
| $352M | 0.04% |
399,997
+237,885
| +147% | +$194M |
|
|
BMNR
353
CALL
BitMine Immersion Technologies
BMNR
$11B
| $351M | 0.04% |
12,923,700
+9,153,900
| +243% | +$371M |
|
354
CALL
Thermo Fisher Scientific
TMO
$220B
| $350M | 0.04% |
604,800
-331,000
| -35% | -$187M |
|
355
CALL
Rivian
RIVN
$23.3B
| $349M | 0.04% |
17,718,600
+4,317,100
| +32% | +$68.5M |
|
356
iShares Core S&P 500 ETF
IVV
$904B
| $349M | 0.04% |
509,843
+458,581
| +895% | +$311M |
|
357
CALL
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.28B
| $349M | 0.04% |
18,251,800
-5,300,300
| -23% | -$105M |
|
358
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.55B
| $348M | 0.04% |
5,376,600
-3,794,600
| -41% | -$238M |
|
359
CALL
Bristol-Myers Squibb
BMY
$133B
| $348M | 0.04% |
6,459,100
-1,203,800
| -16% | -$57.9M |
|
360
PUT
Super Micro Computer
SMCI
$20.5B
| $347M | 0.04% |
11,870,000
-555,100
| -4% | -$22.9M |
|
361
Costco
COST
$421B
| $345M | 0.04% |
399,872
+100,298
| +33% | +$90.9M |
|
362
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.62B
| $344M | 0.04% |
2,722,400
-1,086,800
| -29% | -$141M |
|
363
CALL
Albemarle
ALB
$15.4B
| $343M | 0.04% |
2,422,800
-673,400
| -22% | -$76.4M |
|
364
PUT
Rocket Lab Corp
RKLB
$50.1B
| $343M | 0.04% |
4,910,000
-914,000
| -16% | -$52.4M |
|
365
PUT
AST SpaceMobile
ASTS
$20.6B
| $340M | 0.04% |
4,678,100
-762,600
| -14% | -$54.4M |
|
366
PUT
TJX Companies
TJX
$176B
| $339M | 0.04% |
2,209,000
+196,700
| +10% | +$29.1M |
|
367
CALL
Capital One
COF
$134B
| $339M | 0.04% |
1,397,000
-242,500
| -15% | -$54M |
|
368
CALL
Blackstone
BX
$112B
| $338M | 0.04% |
2,193,000
-1,336,600
| -38% | -$203M |
|
369
Micron Technology
MU
$993B
| $338M | 0.04% |
1,184,009
+199,652
| +20% | +$45.8M |
|
370
CALL
Moderna
MRNA
$23.7B
| $334M | 0.04% |
11,335,400
+4,201,800
| +59% | +$114M |
|
371
PUT
Occidental Petroleum
OXY
$58.5B
| $333M | 0.04% |
8,108,600
+160,100
| +2% | +$6.68M |
|
|
TEM
372
CALL
Tempus AI
TEM
$9.98B
| $333M | 0.04% |
5,645,000
+735,200
| +15% | +$57.5M |
|
373
CALL
Airbnb
ABNB
$111B
| $332M | 0.04% |
2,443,800
+684,100
| +39% | +$85.2M |
|
374
CALL
Roblox
RBLX
$26.7B
| $331M | 0.04% |
4,084,700
-1,144,400
| -22% | -$122M |
|
375
CALL
FedEx
FDX
$77B
| $329M | 0.04% |
1,139,900
+274,600
| +32% | +$72.1M |
|
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.