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 | |
|---|---|---|---|---|---|---|
526
Arm
ARM
$286B
| $206M | 0.02% |
1,880,816
+1,659,763
| +751% | +$241M |
|
527
Berkshire Hathaway Class B
BRK.B
$1.14T
| $205M | 0.02% |
408,608
-307,738
| -43% | -$153M |
|
528
CALL
Microchip Technology
MCHP
$44.2B
| $205M | 0.02% |
3,220,700
+147,600
| +5% | +$9.1M |
|
529
CALL
Stanley Black & Decker
SWK
$15.5B
| $205M | 0.02% |
2,760,800
+581,200
| +27% | +$40.9M |
|
530
PUT
T-Mobile US
TMUS
$191B
| $205M | 0.02% |
1,009,400
+5,100
| +0.5% | +$1.08M |
|
531
CALL
BridgeBio Pharma
BBIO
$16.6B
| $204M | 0.02% |
2,670,300
-308,100
| -10% | -$20.2M |
|
|
ETHA
532
PUT
iShares Ethereum Trust ETF
ETHA
$5.53B
| $203M | 0.02% |
9,064,300
+1,926,900
| +27% | +$50.4M |
|
533
PUT
Rivian
RIVN
$23.7B
| $203M | 0.02% |
10,302,600
+1,198,400
| +13% | +$19M |
|
534
CALL
Teva Pharmaceuticals
TEVA
$42.1B
| $202M | 0.02% |
6,477,500
+882,700
| +16% | +$21.7M |
|
535
CALL
Union Pacific
UNP
$174B
| $202M | 0.02% |
871,500
-177,500
| -17% | -$40.5M |
|
536
PUT
S&P Global
SPGI
$121B
| $201M | 0.02% |
385,500
-41,600
| -10% | -$20.6M |
|
|
FISV
537
PUT
Fiserv Inc
FISV
$27.8B
| $201M | 0.02% |
2,998,700
+1,692,100
| +130% | +$142M |
|
538
CALL
Constellation Brands
STZ
$22.8B
| $201M | 0.02% |
1,455,600
+287,900
| +25% | +$39.5M |
|
539
PayPal
PYPL
$50.5B
| $199M | 0.02% |
3,400,761
+84,256
| +3% | +$5.47M |
|
540
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.63B
| $198M | 0.02% |
6,740,100
+1,266,900
| +23% | +$38.2M |
|
541
CALL
3M
MMM
$93.9B
| $197M | 0.02% |
1,232,500
-110,800
| -8% | -$18.1M |
|
|
TEM
542
PUT
Tempus AI
TEM
$9.93B
| $197M | 0.02% |
3,341,300
-1,474,800
| -31% | -$115M |
|
543
PUT
CRH
CRH
$66.9B
| $197M | 0.02% |
1,575,300
+1,289,200
| +451% | +$154M |
|
544
iShares Bitcoin Trust
IBIT
$47.6B
| $195M | 0.02% |
3,927,809
+1,624,929
| +71% | +$92.3M |
|
545
DoorDash
DASH
$90.9B
| $193M | 0.02% |
854,097
-112,434
| -12% | -$26.4M |
|
546
PUT
Sea Limited
SE
$70.3B
| $193M | 0.02% |
1,515,800
-1,289,000
| -46% | -$191M |
|
547
CALL
Deere & Co
DE
$164B
| $193M | 0.02% |
414,200
-70,500
| -15% | -$33.1M |
|
548
UnitedHealth
UNH
$371B
| $192M | 0.02% |
582,891
-686,643
| -54% | -$233M |
|
549
PUT
Abercrombie & Fitch
ANF
$5.27B
| $192M | 0.02% |
1,525,500
+502,100
| +49% | +$43.9M |
|
550
PUT
On Holding
ONON
$12.9B
| $192M | 0.02% |
4,124,200
+654,800
| +19% | +$28.2M |
|
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.