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 | |
|---|---|---|---|---|---|---|
826
CALL
Ferrari
RACE
$71.5B
| $110M | 0.01% |
298,100
+193,700
| +186% | +$77.5M |
|
827
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.22B
| $110M | 0.01% |
596,300
+162,900
| +38% | +$26M |
|
828
Starbucks
SBUX
$119B
| $109M | 0.01% |
1,292,477
+802,422
| +164% | +$67.7M |
|
829
PUT
Kraft Heinz
KHC
$29.6B
| $109M | 0.01% |
4,487,400
+360,200
| +9% | +$8.96M |
|
830
CALL
Tower Semiconductor
TSEM
$28.5B
| $109M | 0.01% |
924,500
+553,600
| +149% | +$53.3M |
|
831
Intuit
INTU
$91.5B
| $108M | 0.01% |
163,697
+8,835
| +6% | +$5.84M |
|
832
CALL
AeroVironment
AVAV
$9.57B
| $108M | 0.01% |
448,100
+54,300
| +14% | +$17.1M |
|
833
PUT
AstraZeneca
AZN
$251B
| $108M | 0.01% |
588,500
+66,350
| +13% | +$11.6M |
|
834
Bank of America
BAC
$447B
| $108M | 0.01% |
1,962,462
+627,551
| +47% | +$33.2M |
|
835
CALL
Cardinal Health
CAH
$55.5B
| $108M | 0.01% |
523,800
+129,500
| +33% | +$24.4M |
|
836
CALL
Progressive
PGR
$124B
| $107M | 0.01% |
471,600
-55,600
| -11% | -$12.6M |
|
837
PUT
Corning
GLW
$136B
| $107M | 0.01% |
1,224,400
-197,100
| -14% | -$17M |
|
838
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$749M
| $107M | 0.01% |
2,515,800
-915,000
| -27% | -$43.4M |
|
839
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $107M | 0.01% |
1,660,500
+489,000
| +42% | +$30.9M |
|
840
PUT
DexCom
DXCM
$33.1B
| $107M | 0.01% |
1,610,400
+150,200
| +10% | +$9.71M |
|
841
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $107M | 0.01% |
177,104
+13,199
| +8% | +$7.9M |
|
842
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$98.3M
| $107M | 0.01% |
3,025,600
+718,600
| +31% | +$22.5M |
|
843
PUT
Southwest Airlines
LUV
$22B
| $107M | 0.01% |
2,580,700
-3,186,900
| -55% | -$111M |
|
844
Cigna
CI
$73.6B
| $107M | 0.01% |
387,436
-28,484
| -7% | -$7.99M |
|
845
PUT
Eos Energy Enterprises
EOSE
$1.47B
| $106M | 0.01% |
9,282,700
+3,790,200
| +69% | +$54.5M |
|
846
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
| $106M | 0.01% |
685,246
+607,946
| +786% | +$93.5M |
|
847
CALL
ProShares Ultra QQQ
QLD
$14B
| $106M | 0.01% |
1,505,900
-102,700
| -6% | -$7.28M |
|
848
Global X Copper Miners ETF NEW
COPX
$8.34B
| $106M | 0.01% |
1,475,589
+1,469,804
| +25,407% | +$94.2M |
|
|
849
CALL
DexCom
DXCM
$33.1B
| $106M | 0.01% |
1,594,500
+268,800
| +20% | +$17.4M |
|
850
CALL
Phillips 66
PSX
$86B
| $106M | 0.01% |
819,600
-225,600
| -22% | -$30.4M |
|
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.