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 | |
|---|---|---|---|---|---|---|
|
OCTU
6751
AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF
OCTU
$61.2M
| $1.21M | ﹤0.01% |
42,538
+21,102
| +98% | +$597K |
|
6752
Kura Oncology
KURA
$966M
| $1.21M | ﹤0.01% |
116,513
-270,443
| -70% | -$2.84M |
|
|
VTP
6753
Vanguard Total Inflation-Protection Securities ETF
VTP
$192M
| $1.21M | ﹤0.01% |
15,975
+13,142
| +464% | +$1.01M |
|
|
CAI
6754
PUT
Caris Life Sciences
CAI
$6.16B
| $1.21M | ﹤0.01% |
44,800
+10,200
| +29% | +$287K |
|
6755
CALL
Sprout Social
SPT
$599M
| $1.21M | ﹤0.01% |
+107,200
| New | +$1.16M |
|
6756
PUT
Supernus Pharmaceuticals
SUPN
$2.81B
| $1.21M | ﹤0.01% |
+24,300
| New | +$1.18M |
|
|
SOGP
6757
PUT
Sound Group
SOGP
$47.1M
| $1.21M | ﹤0.01% |
103,900
+45,900
| +79% | +$647K |
|
|
BORR
6758
PUT
Borr Drilling
BORR
$1.37B
| $1.21M | ﹤0.01% |
299,500
+52,100
| +21% | +$173K |
|
6759
First Trust Multi Cap Value AlphaDEX Fund
FAB
$178M
| $1.21M | ﹤0.01% |
13,530
-18,263
| -57% | -$1.6M |
|
6760
AllianzIM U.S. Equity Buffer20 Oct ETF
OCTW
$323M
| $1.21M | ﹤0.01% |
30,928
+18,656
| +152% | +$720K |
|
6761
PUT
Krispy Kreme
DNUT
$578M
| $1.21M | ﹤0.01% |
299,900
+247,500
| +472% | +$980K |
|
6762
Innovator US Equity Buffer ETF July
BJUL
$354M
| $1.21M | ﹤0.01% |
23,749
+8,419
| +55% | +$422K |
|
|
JBTM
6763
PUT
JBT Marel
JBTM
$6.23B
| $1.21M | ﹤0.01% |
8,000
-1,200
| -13% | -$169K |
|
6764
CALL
LiveWire
LVWR
$246M
| $1.21M | ﹤0.01% |
272,700
+7,800
| +3% | +$37.5K |
|
6765
Global X Brazil Active ETF
BRAZ
$9.72M
| $1.21M | ﹤0.01% |
44,100
+6,678
| +18% | +$180K |
|
|
BORR
6766
CALL
Borr Drilling
BORR
$1.37B
| $1.2M | ﹤0.01% |
298,900
+223,200
| +295% | +$740K |
|
6767
Innovator Premium Income 15 Buffer ETF January
LJAN
$12.4M
| $1.2M | ﹤0.01% |
49,013
+6,920
| +16% | +$171K |
|
6768
PUT
State Street SPDR S&P Pharmaceuticals ETF
XPH
$532M
| $1.2M | ﹤0.01% |
21,500
-700
| -3% | -$36.3K |
|
6769
CALL
Adeia
ADEA
$3.29B
| $1.2M | ﹤0.01% |
69,800
+52,500
| +303% | +$779K |
|
|
6770
State Street SPDR S&P Pharmaceuticals ETF
XPH
$532M
| $1.2M | ﹤0.01% |
21,497
-37,171
| -63% | -$1.93M |
|
6771
FT Vest US Equity Buffer ETF October
FOCT
$1.2B
| $1.2M | ﹤0.01% |
+24,568
| New | +$1.19M |
|
6772
CALL
SI-BONE Inc
SIBN
$848M
| $1.2M | ﹤0.01% |
+61,000
| New | +$1.06M |
|
|
CGAU
6773
PUT
Centerra Gold
CGAU
$4.21B
| $1.2M | ﹤0.01% |
83,700
+54,500
| +187% | +$682K |
|
6774
PUT
Porch Group
PRCH
$1.97B
| $1.2M | ﹤0.01% |
131,500
-195,000
| -60% | -$2.35M |
|
6775
PUT
Kanzhun
BZ
$6.93B
| $1.2M | ﹤0.01% |
+58,900
| New | +$1.27M |
|
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.