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 | |
|---|---|---|---|---|---|---|
676
Cisco
CSCO
$483B
| $145M | 0.02% |
1,877,884
+373,635
| +25% | +$27.7M |
|
677
CALL
Upstart Holdings
UPST
$2.94B
| $145M | 0.02% |
3,306,200
-1,273,200
| -28% | -$58.6M |
|
678
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.45B
| $144M | 0.02% |
3,172,800
+255,300
| +9% | +$11.8M |
|
679
CALL
Avis
CAR
$4.9B
| $144M | 0.02% |
1,123,500
-1,038,400
| -48% | -$145M |
|
680
CALL
Valero Energy
VLO
$90.7B
| $144M | 0.02% |
884,400
-274,800
| -24% | -$46.6M |
|
681
CALL
Riot Platforms
RIOT
$7.34B
| $144M | 0.02% |
11,328,100
-4,490,300
| -28% | -$76.8M |
|
682
PUT
Alcoa
AA
$13.6B
| $143M | 0.02% |
2,698,400
-691,300
| -20% | -$28.3M |
|
683
PUT
Jabil
JBL
$35.3B
| $143M | 0.02% |
628,300
+176,000
| +39% | +$37.5M |
|
684
PUT
D-Wave Quantum Inc. Common Stock
QBTS
$7.52B
| $143M | 0.02% |
5,455,000
+1,666,100
| +44% | +$48.5M |
|
685
SPDR Gold Trust
GLD
$143B
| $142M | 0.02% |
359,116
+264,420
| +279% | +$101M |
|
686
Synopsys
SNPS
$78.8B
| $142M | 0.02% |
301,929
+140,417
| +87% | +$62.4M |
|
687
CALL
First Majestic Silver
AG
$9.29B
| $141M | 0.02% |
8,484,300
+950,300
| +13% | +$13.2M |
|
688
PUT
PNC Financial Services
PNC
$100B
| $141M | 0.02% |
676,800
+185,800
| +38% | +$35.9M |
|
689
Uber
UBER
$159B
| $141M | 0.02% |
1,724,622
+99,860
| +6% | +$8.99M |
|
690
PUT
Cigna
CI
$73.6B
| $141M | 0.02% |
510,700
-46,800
| -8% | -$13.1M |
|
691
CALL
Marathon Digital Holdings
MARA
$3.69B
| $140M | 0.02% |
15,645,400
-1,483,800
| -9% | -$21.9M |
|
692
Dell
DELL
$296B
| $140M | 0.02% |
1,115,874
+122,508
| +12% | +$17.3M |
|
693
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
| $140M | 0.02% |
732,600
-264,400
| -27% | -$50.2M |
|
694
CALL
Linde
LIN
$227B
| $140M | 0.02% |
329,100
+44,500
| +16% | +$19.1M |
|
695
Occidental Petroleum
OXY
$58.6B
| $140M | 0.02% |
3,411,663
+1,955,856
| +134% | +$81.6M |
|
696
McDonald's
MCD
$194B
| $140M | 0.02% |
457,512
+73,323
| +19% | +$22.5M |
|
|
CRWV
697
CoreWeave
CRWV
$48.1B
| $140M | 0.02% |
1,952,006
+1,275,989
| +189% | +$129M |
|
698
PUT
Interactive Brokers
IBKR
$41.1B
| $140M | 0.02% |
2,171,500
-103,100
| -5% | -$6.9M |
|
699
CALL
Rigetti Computing
RGTI
$5.89B
| $140M | 0.02% |
6,302,100
-9,086,200
| -59% | -$296M |
|
|
ECHO
700
EchoStar
ECHO
$25.9B
| $139M | 0.02% |
1,282,407
-315,782
| -20% | -$25.7M |
|
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.