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 | |
|---|---|---|---|---|---|---|
476
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $232M | 0.03% |
816,400
+51,600
| +7% | +$14.5M |
|
477
PUT
General Motors
GM
$77.2B
| $232M | 0.03% |
2,855,000
+303,900
| +12% | +$21.4M |
|
|
SCHW
478
CALL
Charles Schwab
SCHW
$187B
| $232M | 0.03% |
2,321,400
-866,500
| -27% | -$82.2M |
|
479
CALL
Take-Two Interactive
TTWO
$47.4B
| $230M | 0.03% |
899,400
-35,500
| -4% | -$8.85M |
|
|
ETHA
480
CALL
iShares Ethereum Trust ETF
ETHA
$5.53B
| $230M | 0.03% |
10,235,100
-6,174,400
| -38% | -$161M |
|
481
PUT
CVS Health
CVS
$122B
| $229M | 0.03% |
2,890,000
-518,100
| -15% | -$40.8M |
|
482
PUT
Estee Lauder
EL
$31.5B
| $228M | 0.03% |
2,182,000
-76,800
| -3% | -$7.45M |
|
|
OKLO
483
PUT
Oklo
OKLO
$8.28B
| $228M | 0.03% |
3,178,800
-631,400
| -17% | -$70.4M |
|
484
PUT
IonQ
IONQ
$17.2B
| $228M | 0.03% |
5,079,000
+72,100
| +1% | +$4.04M |
|
485
PUT
Eaton
ETN
$173B
| $227M | 0.03% |
713,000
+238,600
| +50% | +$84.6M |
|
486
PUT
Altria Group
MO
$109B
| $226M | 0.03% |
3,921,300
-622,800
| -14% | -$37.6M |
|
487
Texas Instruments
TXN
$256B
| $226M | 0.03% |
1,301,443
+948,209
| +268% | +$162M |
|
488
PUT
Live Nation Entertainment
LYV
$43B
| $226M | 0.03% |
1,584,300
-73,800
| -4% | -$10.6M |
|
489
CALL
Nu Holdings
NU
$67B
| $225M | 0.03% |
13,461,200
+363,700
| +3% | +$5.85M |
|
490
CALL
Core Scientific
CORZ
$6.25B
| $224M | 0.03% |
15,406,400
+1,386,800
| +10% | +$24.2M |
|
491
PUT
Ford
F
$55.8B
| $224M | 0.03% |
17,095,900
-1,383,100
| -7% | -$17.8M |
|
492
PUT
Wynn Resorts
WYNN
$10.6B
| $224M | 0.03% |
1,860,900
-127,700
| -6% | -$15.8M |
|
|
493
CALL
Eaton
ETN
$173B
| $223M | 0.03% |
700,400
-252,200
| -26% | -$89.4M |
|
494
CALL
SLB Ltd
SLB
$78.9B
| $223M | 0.03% |
5,797,900
+110,300
| +2% | +$4M |
|
495
CALL
Dollar Tree
DLTR
$24.9B
| $222M | 0.03% |
1,807,900
-249,800
| -12% | -$26.8M |
|
496
CALL
Expedia Group
EXPE
$37.7B
| $222M | 0.03% |
784,400
+182,600
| +30% | +$45.1M |
|
497
VanEck Junior Gold Miners ETF
GDXJ
$8.54B
| $222M | 0.03% |
1,951,901
+1,358,641
| +229% | +$140M |
|
498
CALL
McKesson
MCK
$103B
| $222M | 0.03% |
270,500
-41,200
| -13% | -$33.6M |
|
499
PUT
State Street SPDR S&P Bank ETF
KBE
$1.71B
| $220M | 0.03% |
3,632,100
+2,382,100
| +191% | +$140M |
|
500
CALL
Roku
ROKU
$22.5B
| $220M | 0.03% |
2,031,100
+183,600
| +10% | +$18.6M |
|
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.