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 | |
|---|---|---|---|---|---|---|
3851
Vanguard S&P 500 Growth ETF
VOOG
$27.3B
| $5.55M | ﹤0.01% |
+74,916
| New | +$5.51M |
|
3852
PUT
Flex
FLEX
$46.6B
| $5.55M | ﹤0.01% |
91,800
+17,700
| +24% | +$1.09M |
|
3853
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$301M
| $5.54M | ﹤0.01% |
93,677
+15,681
| +20% | +$936K |
|
3854
Veralto
VLTO
$23.8B
| $5.53M | ﹤0.01% |
55,441
+20,571
| +59% | +$2.08M |
|
3855
PUT
Northern Oil and Gas
NOG
$2.61B
| $5.52M | ﹤0.01% |
257,300
-6,900
| -3% | -$155K |
|
3856
PUT
RUM Group Inc
RUM
$3.7B
| $5.52M | ﹤0.01% |
873,900
+28,800
| +3% | +$197K |
|
3857
CALL
Huntsman Corp
HUN
$1.81B
| $5.52M | ﹤0.01% |
552,100
+100,700
| +22% | +$922K |
|
3858
CALL
Babcock & Wilcox
BW
$1.53B
| $5.52M | ﹤0.01% |
870,700
+604,800
| +227% | +$2.98M |
|
3859
PUT
Tencent Music
TME
$14.5B
| $5.52M | ﹤0.01% |
314,700
-607,800
| -66% | -$12.3M |
|
|
PR
3860
PUT
Permian Resources
PR
$18B
| $5.52M | ﹤0.01% |
393,200
-104,300
| -21% | -$1.4M |
|
3861
PUT
Syndax Pharmaceuticals
SNDX
$1.77B
| $5.52M | ﹤0.01% |
262,500
-16,800
| -6% | -$293K |
|
3862
Equitable Holdings
EQH
$14.5B
| $5.51M | ﹤0.01% |
115,641
-12,124
| -9% | -$575K |
|
3863
Evergy
EVRG
$19.4B
| $5.51M | ﹤0.01% |
76,012
+32,293
| +74% | +$2.45M |
|
3864
CALL
Aecom
ACM
$8.12B
| $5.51M | ﹤0.01% |
57,800
-28,300
| -33% | -$3.33M |
|
3865
CALL
Freshworks
FRSH
$3.5B
| $5.51M | ﹤0.01% |
449,700
+319,600
| +246% | +$3.78M |
|
|
LAC
3866
CALL
Lithium Americas
LAC
$1.23B
| $5.51M | ﹤0.01% |
1,262,700
-350,400
| -22% | -$2.02M |
|
3867
PUT
Liberty Global Class A
LBTYA
$3.57B
| $5.5M | ﹤0.01% |
494,100
+198,100
| +67% | +$2.19M |
|
3868
CoinShares Bitcoin Mining ETF
WGMI
$243M
| $5.5M | ﹤0.01% |
143,796
+102,135
| +245% | +$5M |
|
3869
PUT
ChargePoint
CHPT
$160M
| $5.5M | ﹤0.01% |
828,200
-226,300
| -21% | -$2.14M |
|
3870
EnerSys
ENS
$7.34B
| $5.5M | ﹤0.01% |
37,469
+19,336
| +107% | +$2.58M |
|
3871
Zimmer Biomet
ZBH
$19.2B
| $5.5M | ﹤0.01% |
61,137
-8,224
| -12% | -$780K |
|
3872
PUT
Box
BOX
$4.52B
| $5.49M | ﹤0.01% |
183,500
-92,900
| -34% | -$2.91M |
|
|
KLMN
3873
Invesco MSCI North America Climate ETF
KLMN
$2.27B
| $5.49M | ﹤0.01% |
195,500
-23,064
| -11% | -$641K |
|
3874
Labcorp
LH
$25.8B
| $5.48M | ﹤0.01% |
21,863
+3,948
| +22% | +$1.05M |
|
3875
CALL
Build-A-Bear
BBW
$481M
| $5.48M | ﹤0.01% |
89,400
-30,100
| -25% | -$1.64M |
|
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.