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 | |
|---|---|---|---|---|---|---|
576
CALL
Coeur Mining
CDE
$18.7B
| $179M | 0.02% |
10,015,300
+7,903,600
| +374% | +$137M |
|
577
CALL
Duolingo
DUOL
$6.42B
| $179M | 0.02% |
1,017,400
+101,900
| +11% | +$24M |
|
578
CALL
Altria Group
MO
$109B
| $178M | 0.02% |
3,093,100
-964,900
| -24% | -$58.3M |
|
579
PUT
Teva Pharmaceuticals
TEVA
$42.1B
| $178M | 0.02% |
5,714,000
+1,203,000
| +27% | +$29.6M |
|
580
Global X Silver Miners ETF NEW
SIL
$4.83B
| $178M | 0.02% |
2,132,704
+2,054,902
| +2,641% | +$152M |
|
581
CALL
Philip Morris
PM
$290B
| $178M | 0.02% |
1,108,700
-232,600
| -17% | -$36M |
|
582
ExxonMobil
XOM
$662B
| $178M | 0.02% |
1,476,697
+178,893
| +14% | +$20.7M |
|
583
PUT
Gilead Sciences
GILD
$165B
| $177M | 0.02% |
1,445,500
-295,400
| -17% | -$35.9M |
|
584
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.7B
| $177M | 0.02% |
2,283,634
+2,050,081
| +878% | +$160M |
|
585
Vertiv
VRT
$104B
| $177M | 0.02% |
1,092,962
+383,780
| +54% | +$66.6M |
|
586
Newmont
NEM
$124B
| $176M | 0.02% |
1,767,161
-146,123
| -8% | -$13.2M |
|
587
PUT
Valero Energy
VLO
$90.7B
| $176M | 0.02% |
1,082,300
-606,600
| -36% | -$103M |
|
588
PUT
Fortinet
FTNT
$120B
| $176M | 0.02% |
2,216,900
+22,700
| +1% | +$1.88M |
|
589
CALL
Alcoa
AA
$13.6B
| $176M | 0.02% |
3,310,000
+1,395,500
| +73% | +$57.1M |
|
590
PUT
iShares MSCI South Korea ETF
EWY
$25.2B
| $175M | 0.02% |
1,804,400
+911,100
| +102% | +$83.3M |
|
591
PUT
Union Pacific
UNP
$174B
| $175M | 0.02% |
756,100
-452,400
| -37% | -$103M |
|
592
CALL
Teradyne
TER
$57.1B
| $175M | 0.02% |
903,300
+187,500
| +26% | +$32.2M |
|
593
PUT
Simon Property Group
SPG
$71.5B
| $174M | 0.02% |
942,000
+335,700
| +55% | +$61M |
|
594
CALL
D-Wave Quantum Inc. Common Stock
QBTS
$7.52B
| $174M | 0.02% |
6,634,900
-280,000
| -4% | -$8.16M |
|
595
CALL
Ford
F
$55.8B
| $173M | 0.02% |
13,204,300
-6,252,400
| -32% | -$80.6M |
|
596
Amgen
AMGN
$226B
| $173M | 0.02% |
529,171
-35,699
| -6% | -$11.3M |
|
597
GE Vernova
GEV
$264B
| $173M | 0.02% |
264,456
-61,893
| -19% | -$37.7M |
|
598
Salesforce
CRM
$162B
| $173M | 0.02% |
652,029
+78,631
| +14% | +$19.5M |
|
599
ASML
ASML
$666B
| $172M | 0.02% |
160,805
+33,887
| +27% | +$35.3M |
|
600
PUT
RH
RH
$3.47B
| $171M | 0.02% |
955,800
-181,000
| -16% | -$31M |
|
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.