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 | |
|---|---|---|---|---|---|---|
551
PUT
Coherent
COHR
$63.6B
| $191M | 0.02% |
1,036,700
+34,100
| +3% | +$5.1M |
|
552
PUT
Vale
VALE
$63.4B
| $190M | 0.02% |
14,617,300
+2,390,700
| +20% | +$29M |
|
553
CALL
United Rentals
URI
$70.8B
| $190M | 0.02% |
234,800
-45,400
| -16% | -$39.4M |
|
554
Caterpillar
CAT
$385B
| $190M | 0.02% |
331,651
+200,607
| +153% | +$111M |
|
555
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.45B
| $189M | 0.02% |
4,145,400
-38,100
| -0.9% | -$1.76M |
|
556
CALL
Dollar General
DG
$27B
| $188M | 0.02% |
1,414,500
+263,000
| +23% | +$29.3M |
|
557
CALL
IonQ
IONQ
$15.9B
| $187M | 0.02% |
4,164,000
-85,400
| -2% | -$4.79M |
|
558
CALL
TeraWulf
WULF
$8.08B
| $186M | 0.02% |
16,221,000
-4,254,500
| -21% | -$57M |
|
559
Baidu
BIDU
$37.1B
| $186M | 0.02% |
1,425,180
+615,082
| +76% | +$76.3M |
|
560
PUT
W.W. Grainger
GWW
$61.1B
| $186M | 0.02% |
184,000
+91,600
| +99% | +$88.8M |
|
|
EA
561
PUT
DELISTED
Electronic Arts
EA
| $185M | 0.02% |
906,100
-665,200
| -42% | -$134M |
|
562
CALL
Pan American Silver
PAAS
$21.8B
| $185M | 0.02% |
3,571,200
+987,100
| +38% | +$41.3M |
|
|
563
CALL
Coherent
COHR
$63.6B
| $185M | 0.02% |
1,001,800
+323,000
| +48% | +$48.3M |
|
564
CALL
Gilead Sciences
GILD
$165B
| $185M | 0.02% |
1,506,100
-383,700
| -20% | -$46.6M |
|
565
CALL
HCA Healthcare
HCA
$89.6B
| $185M | 0.02% |
395,400
-136,400
| -26% | -$63.3M |
|
566
CALL
Chubb
CB
$134B
| $183M | 0.02% |
587,800
+127,600
| +28% | +$37.3M |
|
567
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.62B
| $183M | 0.02% |
1,452,800
+145,900
| +11% | +$18.9M |
|
568
PUT
Burlington
BURL
$23.4B
| $183M | 0.02% |
634,100
+12,800
| +2% | +$3.47M |
|
569
PUT
Comcast
CMCSA
$89.4B
| $183M | 0.02% |
6,112,500
+1,363,500
| +29% | +$38.9M |
|
570
PUT
Avis
CAR
$4.9B
| $183M | 0.02% |
1,423,400
-1,086,600
| -43% | -$152M |
|
|
EXE
571
PUT
Expand Energy Corp
EXE
$22.6B
| $183M | 0.02% |
1,655,000
-46,100
| -3% | -$5.11M |
|
572
CALL
Lyft
LYFT
$6.55B
| $182M | 0.02% |
9,393,300
-4,086,500
| -30% | -$84.9M |
|
573
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.13B
| $181M | 0.02% |
4,843,700
+781,600
| +19% | +$31.6M |
|
|
XYZ
574
PUT
Block Inc
XYZ
$47.5B
| $181M | 0.02% |
2,773,600
-288,300
| -9% | -$19.9M |
|
575
CALL
Wayfair
W
$14.1B
| $180M | 0.02% |
1,792,200
+38,500
| +2% | +$3.7M |
|
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.