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 | |
|---|---|---|---|---|---|---|
426
CALL
Datadog
DDOG
$90.6B
| $274M | 0.03% |
2,014,200
-159,300
| -7% | -$25.2M |
|
427
PUT
Futu Holdings
FUTU
$15.2B
| $273M | 0.03% |
1,662,000
-472,600
| -22% | -$81.1M |
|
428
CALL
Vanguard Information Technology ETF
VGT
$148B
| $271M | 0.03% |
2,880,800
+1,252,800
| +77% | +$119M |
|
429
CALL
Kenvue
KVUE
$36.6B
| $271M | 0.03% |
15,730,400
+1,319,400
| +9% | +$21.6M |
|
|
SNDK
430
PUT
Sandisk
SNDK
$180B
| $271M | 0.03% |
1,142,600
+187,600
| +20% | +$37.6M |
|
431
Coinbase
COIN
$39.1B
| $270M | 0.03% |
1,194,425
-626,391
| -34% | -$187M |
|
432
PUT
VanEck Junior Gold Miners ETF
GDXJ
$8.44B
| $269M | 0.03% |
2,365,000
+813,500
| +52% | +$84.1M |
|
433
CALL
Danaher
DHR
$145B
| $269M | 0.03% |
1,175,200
-403,300
| -26% | -$88.7M |
|
434
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
| $269M | 0.03% |
1,732,300
-373,500
| -18% | -$57.5M |
|
435
PUT
Hilton Worldwide
HLT
$70.4B
| $269M | 0.03% |
935,100
+341,000
| +57% | +$92.9M |
|
436
CALL
iShares Semiconductor ETF
SOXX
$45.2B
| $267M | 0.03% |
887,800
+197,100
| +29% | +$58.1M |
|
437
CALL
Vertex Pharmaceuticals
VRTX
$135B
| $267M | 0.03% |
589,100
-7,700
| -1% | -$3.32M |
|
438
PUT
Charter Communications
CHTR
$17.9B
| $265M | 0.03% |
1,271,800
+456,200
| +56% | +$103M |
|
439
CALL
AT&T
T
$163B
| $265M | 0.03% |
10,654,800
-2,129,700
| -17% | -$53.9M |
|
440
PUT
DoorDash
DASH
$91B
| $264M | 0.03% |
1,167,500
-527,500
| -31% | -$124M |
|
|
SCHW
441
PUT
Charles Schwab
SCHW
$190B
| $264M | 0.03% |
2,638,000
-480,300
| -15% | -$45.6M |
|
442
PUT
Airbnb
ABNB
$109B
| $262M | 0.03% |
1,932,400
+319,500
| +20% | +$39.8M |
|
443
Adobe
ADBE
$107B
| $262M | 0.03% |
748,078
+202,456
| +37% | +$68.9M |
|
444
PUT
Expedia Group
EXPE
$37.2B
| $262M | 0.03% |
924,100
+259,900
| +39% | +$64.2M |
|
445
CALL
Royal Gold
RGLD
$19.6B
| $261M | 0.03% |
1,174,400
+861,900
| +276% | +$171M |
|
446
PUT
Kimberly-Clark
KMB
$36B
| $260M | 0.03% |
2,572,800
+2,338,300
| +997% | +$256M |
|
447
PUT
Trade Desk
TTD
$6.05B
| $259M | 0.03% |
6,824,400
+1,477,300
| +28% | +$65.5M |
|
448
PUT
Apollo Global Management
APO
$74.2B
| $259M | 0.03% |
1,788,600
+357,900
| +25% | +$47.5M |
|
|
FISV
449
CALL
Fiserv Inc
FISV
$27.4B
| $259M | 0.03% |
3,853,000
+2,802,000
| +267% | +$235M |
|
450
Applovin
APP
$115B
| $259M | 0.03% |
384,041
-179,303
| -32% | -$113M |
|
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.