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 | |
|---|---|---|---|---|---|---|
401
PUT
NextEra Energy
NEE
$176B
| $300M | 0.03% |
3,743,100
+122,500
| +3% | +$10.1M |
|
402
CALL
Zscaler
ZS
$28.5B
| $300M | 0.03% |
1,335,600
+111,800
| +9% | +$31.6M |
|
403
PUT
Delta Air Lines
DAL
$59.1B
| $296M | 0.03% |
4,261,600
-330,600
| -7% | -$20.7M |
|
404
VanEck Gold Miners ETF
GDX
$27.3B
| $296M | 0.03% |
3,447,340
+1,732,025
| +101% | +$137M |
|
405
KraneShares CSI China Internet ETF
KWEB
$5.73B
| $295M | 0.03% |
8,666,674
+5,857,878
| +209% | +$225M |
|
406
CALL
Analog Devices
ADI
$188B
| $295M | 0.03% |
1,086,900
+38,700
| +4% | +$9.72M |
|
407
PUT
Baidu
BIDU
$37B
| $295M | 0.03% |
2,255,000
-983,000
| -30% | -$122M |
|
408
PUT
Deere & Co
DE
$166B
| $293M | 0.03% |
628,300
-79,300
| -11% | -$37.2M |
|
409
Amplify Junior Silver Miners ETF
SILJ
$3.9B
| $292M | 0.03% |
10,567,686
+6,838,246
| +183% | +$169M |
|
410
PUT
Philip Morris
PM
$293B
| $292M | 0.03% |
1,820,700
-50,900
| -3% | -$7.89M |
|
411
PUT
Roblox
RBLX
$27.4B
| $292M | 0.03% |
3,599,600
+658,900
| +22% | +$70M |
|
412
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.67B
| $292M | 0.03% |
6,430,100
-4,163,100
| -39% | -$184M |
|
413
CALL
United States Oil Fund
USO
$1.76B
| $290M | 0.03% |
4,195,500
-406,400
| -9% | -$28.7M |
|
414
PUT
ConocoPhillips
COP
$146B
| $290M | 0.03% |
3,095,400
+173,800
| +6% | +$15.7M |
|
415
CALL
ARK Innovation ETF
ARKK
$6.34B
| $289M | 0.03% |
3,751,900
-1,636,400
| -30% | -$136M |
|
|
416
CALL
ConocoPhillips
COP
$146B
| $284M | 0.03% |
3,033,500
+335,000
| +12% | +$30.3M |
|
|
AXON
417
PUT
Axon Enterprise
AXON
$48.3B
| $283M | 0.03% |
497,700
-75,000
| -13% | -$46.5M |
|
418
CALL
Las Vegas Sands
LVS
$29.5B
| $282M | 0.03% |
4,334,400
+1,293,500
| +43% | +$79.3M |
|
|
TLN
419
CALL
Talen Energy Corp
TLN
$16.4B
| $281M | 0.03% |
749,700
-705,700
| -48% | -$274M |
|
420
CALL
Honeywell
HON
$77.2B
| $281M | 0.03% |
1,437,800
-257,041
| -15% | -$50.3M |
|
421
CALL
TJX Companies
TJX
$177B
| $280M | 0.03% |
1,823,800
-439,100
| -19% | -$64.9M |
|
|
422
PUT
United States Oil Fund
USO
$1.76B
| $277M | 0.03% |
4,009,700
-1,690,200
| -30% | -$119M |
|
|
ETHA
423
iShares Ethereum Trust ETF
ETHA
$5.52B
| $277M | 0.03% |
12,357,794
+6,329,105
| +105% | +$166M |
|
424
PUT
Take-Two Interactive
TTWO
$47.4B
| $276M | 0.03% |
1,078,700
+585,100
| +119% | +$146M |
|
425
PUT
Datadog
DDOG
$90.5B
| $276M | 0.03% |
2,027,000
-242,200
| -11% | -$38.3M |
|
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.