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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KDK
5351
CALL
Kodiak AI
KDK
$835M
| $2.46M | ﹤0.01% |
359,300
+265,400
| +283% | +$2.94M |
|
5352
CALL
Sunoco
SUN
$14.2B
| $2.46M | ﹤0.01% |
49,100
-55,400
| -53% | -$2.88M |
|
5353
PUT
UFP Technologies
UFPT
$2.49B
| $2.46M | ﹤0.01% |
12,300
+3,200
| +35% | +$704K |
|
5354
Associated Banc-Corp
ASB
$6.11B
| $2.45M | ﹤0.01% |
95,468
-215,306
| -69% | -$5.52M |
|
5355
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $2.45M | ﹤0.01% |
11,758
-4,078
| -26% | -$834K |
|
5356
Enovis
ENOV
$1.5B
| $2.45M | ﹤0.01% |
80,839
-12,069
| -13% | -$366K |
|
5357
MKS Inc
MKSI
$21B
| $2.45M | ﹤0.01% |
19,796
+11,117
| +128% | +$1.19M |
|
5358
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $2.45M | ﹤0.01% |
+50,788
| New | +$2.44M |
|
|
AIFC
5359
CALL
AI Financial Corp
AIFC
$57M
| $2.45M | ﹤0.01% |
910,000
+895,800
| +6,308% | +$5.36M |
|
5360
First Hawaiian
FHB
$3.37B
| $2.45M | ﹤0.01% |
98,496
+7,579
| +8% | +$191K |
|
5361
Benchmark Electronics
BHE
$2.94B
| $2.45M | ﹤0.01% |
63,431
+19,326
| +44% | +$764K |
|
5362
YieldMax Universe Fund of Option Income ETFs
YMAX
$395M
| $2.44M | ﹤0.01% |
+190,830
| New | +$2.52M |
|
5363
PUT
Nokia
NOK
$60.1B
| $2.44M | ﹤0.01% |
507,700
-394,400
| -44% | -$1.78M |
|
5364
PUT
iShares 10-20 Year Treasury Bond ETF
TLH
$10.8B
| $2.44M | ﹤0.01% |
23,700
+15,400
| +186% | +$1.56M |
|
5365
CALL
John Wiley & Sons Class A
WLY
$2.61B
| $2.44M | ﹤0.01% |
60,300
+51,200
| +563% | +$2.07M |
|
5366
CALL
Enova International
ENVA
$6.61B
| $2.44M | ﹤0.01% |
21,200
+14,300
| +207% | +$1.63M |
|
5367
Global X Defense Tech ETF
SHLD
$7.82B
| $2.44M | ﹤0.01% |
34,705
-3,284
| -9% | -$206K |
|
|
BRSL
5368
PUT
Brightstar Lottery PLC
BRSL
$2.15B
| $2.44M | ﹤0.01% |
141,300
-133,900
| -49% | -$2.14M |
|
5369
PUT
Zymeworks
ZYME
$1.78B
| $2.44M | ﹤0.01% |
142,700
+88,900
| +165% | +$1.27M |
|
5370
First Trust North American Energy Infrastructure Fund
EMLP
$4.19B
| $2.44M | ﹤0.01% |
63,654
+44,227
| +228% | +$1.67M |
|
|
DRD
5371
CALL
DRDGold
DRD
$2.1B
| $2.44M | ﹤0.01% |
88,300
-7,200
| -8% | -$129K |
|
5372
PUT
Global X MSCI Argentina ETF
ARGT
$808M
| $2.43M | ﹤0.01% |
34,900
+23,500
| +206% | +$1.87M |
|
|
LB
5373
LandBridge Co
LB
$2.24B
| $2.43M | ﹤0.01% |
45,629
+27,186
| +147% | +$1.5M |
|
|
ZK
5374
CALL
DELISTED
Zeekr
ZK
| $2.43M | ﹤0.01% |
79,800
-80,500
| -50% | -$2.33M |
|
5375
CALL
Assembly Biosciences
ASMB
$671M
| $2.43M | ﹤0.01% |
+95,000
| New | +$2.08M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.