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 | |
|---|---|---|---|---|---|---|
4351
CALL
Graco
GGG
$13.3B
| $4.08M | ﹤0.01% |
49,800
+25,200
| +102% | +$2.07M |
|
4352
Global X Emerging Markets Great Consumer ETF
EMC
$57.4M
| $4.08M | ﹤0.01% |
132,746
+2,636
| +2% | +$81K |
|
4353
CALL
Celanese
CE
$5.01B
| $4.08M | ﹤0.01% |
96,500
-700
| -0.7% | -$28.6K |
|
4354
PUT
Spire Global
SPIR
$567M
| $4.08M | ﹤0.01% |
544,000
-46,600
| -8% | -$456K |
|
4355
iShares Europe ETF
IEV
$1.7B
| $4.08M | ﹤0.01% |
59,439
-192,861
| -76% | -$12.9M |
|
4356
PUT
Vodafone
VOD
$37.9B
| $4.08M | ﹤0.01% |
308,500
-258,800
| -46% | -$3.13M |
|
4357
Bit Digital
BTBT
$566M
| $4.07M | ﹤0.01% |
2,155,688
-1,193,444
| -36% | -$3.45M |
|
4358
PUT
Alkermes
ALKS
$8.23B
| $4.07M | ﹤0.01% |
145,600
-87,200
| -37% | -$2.61M |
|
|
CCCX
4359
PUT
DELISTED
Churchill Capital Corp X
CCCX
| $4.07M | ﹤0.01% |
+260,800
| New | +$4.39M |
|
4360
CALL
Itron
ITRI
$4.45B
| $4.07M | ﹤0.01% |
43,800
+29,300
| +202% | +$3.19M |
|
4361
CALL
Murphy Oil
MUR
$4.96B
| $4.07M | ﹤0.01% |
130,100
+32,700
| +34% | +$984K |
|
4362
PUT
Imperial Oil
IMO
$64.5B
| $4.07M | ﹤0.01% |
47,100
+600
| +1% | +$54.6K |
|
4363
PUT
BBVA Argentina
BBAR
$3.13B
| $4.06M | ﹤0.01% |
224,500
-43,900
| -16% | -$630K |
|
4364
PUT
Amkor Technology
AMKR
$14.7B
| $4.05M | ﹤0.01% |
102,700
+20,000
| +24% | +$712K |
|
4365
PUT
Aecom
ACM
$8.12B
| $4.04M | ﹤0.01% |
42,400
+13,100
| +45% | +$1.54M |
|
4366
PUT
Kornit Digital
KRNT
$775M
| $4.04M | ﹤0.01% |
+280,900
| New | +$3.85M |
|
4367
PUT
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $4.04M | ﹤0.01% |
39,700
+16,000
| +68% | +$1.65M |
|
4368
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$50.4M
| $4.04M | ﹤0.01% |
54,250
+23,990
| +79% | +$2.31M |
|
4369
CALL
Rigel Pharmaceuticals
RIGL
$795M
| $4.03M | ﹤0.01% |
94,200
+72,500
| +334% | +$2.73M |
|
|
BBUC
4370
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.03B
| $4.03M | ﹤0.01% |
112,398
+98,124
| +687% | +$3.44M |
|
4371
CALL
Arteris
AIP
$1.39B
| $4.03M | ﹤0.01% |
259,900
+244,300
| +1,566% | +$3.54M |
|
4372
PUT
Aurora
AUR
$13.7B
| $4.03M | ﹤0.01% |
1,048,400
-272,900
| -21% | -$1.25M |
|
4373
PUT
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $4.02M | ﹤0.01% |
130,000
+16,900
| +15% | +$526K |
|
4374
PUT
GraniteShares 2x Long COIN Daily ETF
CONL
$402M
| $4.02M | ﹤0.01% |
274,700
-59,900
| -18% | -$1.69M |
|
4375
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $4.01M | ﹤0.01% |
41,700
+7,300
| +21% | +$701K |
|
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.