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 | |
|---|---|---|---|---|---|---|
601
lululemon athletica
LULU
$14.5B
| $170M | 0.02% |
817,481
-1,586,880
| -66% | -$287M |
|
602
State Street Materials Select Sector SPDR ETF
XLB
$8.71B
| $170M | 0.02% |
3,741,664
+3,056,822
| +446% | +$135M |
|
603
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.75B
| $169M | 0.02% |
2,474,000
+1,730,400
| +233% | +$122M |
|
604
CALL
Northrop Grumman
NOC
$82.1B
| $169M | 0.02% |
297,100
+6,400
| +2% | +$3.71M |
|
605
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $169M | 0.02% |
279,400
-42,900
| -13% | -$25.7M |
|
606
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$44B
| $168M | 0.02% |
1,086,500
-438,900
| -29% | -$65.7M |
|
607
PUT
Biogen
BIIB
$30.6B
| $168M | 0.02% |
953,500
+44,600
| +5% | +$7.29M |
|
608
PUT
Vanguard Information Technology ETF
VGT
$147B
| $167M | 0.02% |
1,775,200
+313,600
| +21% | +$29.8M |
|
609
PUT
Boston Scientific
BSX
$73.1B
| $167M | 0.02% |
1,750,200
-699,400
| -29% | -$68.6M |
|
610
IBM
IBM
$223B
| $167M | 0.02% |
563,306
+233,715
| +71% | +$70M |
|
611
PUT
Agnico Eagle Mines
AEM
$91.4B
| $167M | 0.02% |
983,900
-109,000
| -10% | -$18.3M |
|
612
PUT
Marriott International
MAR
$90.9B
| $166M | 0.02% |
535,500
+88,100
| +20% | +$25.2M |
|
613
CALL
Cummins
CMI
$87.4B
| $166M | 0.02% |
325,300
+45,500
| +16% | +$21.3M |
|
614
PUT
Abbott
ABT
$188B
| $166M | 0.02% |
1,323,500
-492,200
| -27% | -$62.7M |
|
615
Rocket Companies
RKT
$39B
| $166M | 0.02% |
8,559,394
+5,323,583
| +165% | +$95.2M |
|
616
PUT
Fair Isaac
FICO
$22.7B
| $166M | 0.02% |
97,900
-47,800
| -33% | -$82.3M |
|
617
PUT
Honeywell
HON
$77B
| $165M | 0.02% |
847,700
-203,645
| -19% | -$39.8M |
|
618
CALL
Elevance Health
ELV
$86.2B
| $165M | 0.02% |
471,000
-105,200
| -18% | -$35.6M |
|
|
TLN
619
PUT
Talen Energy Corp
TLN
$16.4B
| $165M | 0.02% |
438,900
-181,600
| -29% | -$70.6M |
|
620
Progressive
PGR
$124B
| $164M | 0.02% |
720,319
+561,352
| +353% | +$127M |
|
621
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $164M | 0.02% |
1,176,575
+1,148,613
| +4,108% | +$160M |
|
622
PUT
Moderna
MRNA
$23.9B
| $163M | 0.02% |
5,539,800
-1,553,700
| -22% | -$42.2M |
|
623
CALL
American Airlines Group
AAL
$9.93B
| $162M | 0.02% |
10,580,300
-1,512,100
| -13% | -$20.4M |
|
624
CALL
Rio Tinto
RIO
$166B
| $161M | 0.02% |
2,014,100
+341,800
| +20% | +$24.6M |
|
625
Wells Fargo
WFC
$265B
| $160M | 0.02% |
1,720,760
+987,977
| +135% | +$85.8M |
|
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.