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 | |
|---|---|---|---|---|---|---|
4026
PTC
PTC
$16.2B
| $4.99M | ﹤0.01% |
28,615
+14,798
| +107% | +$2.75M |
|
4027
CALL
Lincoln Electric
LECO
$15.6B
| $4.98M | ﹤0.01% |
20,800
+5,700
| +38% | +$1.35M |
|
4028
Stellantis
STLA
$20.2B
| $4.98M | ﹤0.01% |
457,583
-512,685
| -53% | -$5.51M |
|
4029
CALL
Vermilion Energy
VET
$1.73B
| $4.98M | ﹤0.01% |
596,700
+32,800
| +6% | +$271K |
|
4030
KeyCorp
KEY
$25B
| $4.97M | ﹤0.01% |
240,755
-202,919
| -46% | -$3.78M |
|
|
SVM
4031
Silvercorp Metals
SVM
$2.66B
| $4.97M | ﹤0.01% |
595,660
-776,432
| -57% | -$5.64M |
|
|
WCC
4032
PUT
WESCO International
WCC
$17.6B
| $4.97M | ﹤0.01% |
20,300
-5,700
| -22% | -$1.4M |
|
4033
CALL
Better Home & Finance Holding
BETR
$261M
| $4.97M | ﹤0.01% |
152,400
+86,500
| +131% | +$4.68M |
|
4034
CALL
Murphy USA
MUSA
$10.5B
| $4.96M | ﹤0.01% |
12,300
+1,100
| +10% | +$422K |
|
4035
PUT
iShares S&P 500 Value ETF
IVE
$50.3B
| $4.96M | ﹤0.01% |
23,400
-6,500
| -22% | -$1.36M |
|
|
JKS
4036
PUT
JinkoSolar
JKS
$877M
| $4.95M | ﹤0.01% |
191,900
-110,200
| -36% | -$2.81M |
|
4037
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.48B
| $4.95M | ﹤0.01% |
35,084
+7,132
| +26% | +$1.01M |
|
4038
PUT
Organon & Co
OGN
$3.6B
| $4.95M | ﹤0.01% |
690,700
+161,100
| +30% | +$1.27M |
|
4039
WesBanco
WSBC
$4.09B
| $4.95M | ﹤0.01% |
148,961
+29,199
| +24% | +$944K |
|
4040
CALL
Vicor
VICR
$10.8B
| $4.94M | ﹤0.01% |
45,100
+28,500
| +172% | +$2.42M |
|
4041
Altimmune
ALT
$572M
| $4.94M | ﹤0.01% |
1,369,017
-5,165
| -0.4% | -$22.5K |
|
4042
PUT
Trupanion
TRUP
$1.34B
| $4.94M | ﹤0.01% |
132,100
-33,400
| -20% | -$1.31M |
|
4043
PUT
Corpay
CPAY
$27.4B
| $4.94M | ﹤0.01% |
16,400
+9,100
| +125% | +$2.64M |
|
4044
PUT
Globus Medical
GMED
$11.5B
| $4.92M | ﹤0.01% |
56,400
+48,900
| +652% | +$3.71M |
|
4045
PUT
Penske Automotive Group
PAG
$14.4B
| $4.92M | ﹤0.01% |
31,100
+1,200
| +4% | +$197K |
|
4046
CALL
Star Bulk Carriers
SBLK
$3.24B
| $4.91M | ﹤0.01% |
255,600
+25,800
| +11% | +$482K |
|
|
BRR
4047
ProCap Financial Inc
BRR
$148M
| $4.91M | ﹤0.01% |
1,390,202
+732,876
| +111% | +$5.85M |
|
4048
CALL
Sanmina
SANM
$11.3B
| $4.91M | ﹤0.01% |
32,700
-92,900
| -74% | -$13.7M |
|
4049
CALL
Aurora
AUR
$13.7B
| $4.9M | ﹤0.01% |
1,277,000
+696,200
| +120% | +$3.19M |
|
4050
PUT
Vanguard Dividend Appreciation ETF
VIG
$114B
| $4.9M | ﹤0.01% |
22,300
-44,500
| -67% | -$9.72M |
|
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.