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 | |
|---|---|---|---|---|---|---|
901
PUT
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.29B
| $98.7M | 0.01% |
447,300
-103,200
| -19% | -$22.4M |
|
|
CRCL
902
Circle Internet Group
CRCL
$17B
| $98.3M | 0.01% |
1,239,141
-1,908,941
| -61% | -$197M |
|
903
PUT
Teradyne
TER
$57.1B
| $98.1M | 0.01% |
506,700
-2,872,100
| -85% | -$493M |
|
904
CALL
United States Natural Gas Fund
UNG
$497M
| $98M | 0.01% |
7,995,500
+2,634,400
| +49% | +$35.5M |
|
905
PUT
Linde
LIN
$227B
| $97.9M | 0.01% |
229,700
-213,500
| -48% | -$91.5M |
|
906
Coeur Mining
CDE
$18.7B
| $97.9M | 0.01% |
5,491,794
+1,264,030
| +30% | +$22M |
|
907
CALL
Guardant Health
GH
$22.4B
| $97.7M | 0.01% |
956,200
+143,800
| +18% | +$12.9M |
|
908
CALL
Energy Transfer Partners
ET
$70.9B
| $97M | 0.01% |
5,883,400
-3,032,900
| -34% | -$50.5M |
|
909
PUT
argenx
ARGX
$54.2B
| $97M | 0.01% |
115,300
+25,900
| +29% | +$22.2M |
|
910
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
| $96.4M | 0.01% |
2,155,764
-20,276
| -0.9% | -$903K |
|
911
CALL
Sherwin-Williams
SHW
$88.1B
| $96.2M | 0.01% |
297,000
+57,600
| +24% | +$19.3M |
|
912
PUT
iShares Biotechnology ETF
IBB
$9.82B
| $96.1M | 0.01% |
569,700
+100,500
| +21% | +$16.3M |
|
913
PUT
Twilio
TWLO
$38.4B
| $95.8M | 0.01% |
673,700
-28,600
| -4% | -$3.54M |
|
914
CALL
Carpenter Technology
CRS
$27.8B
| $95.8M | 0.01% |
304,200
+219,100
| +257% | +$65.9M |
|
915
PUT
Duke Energy
DUK
$94.5B
| $95.6M | 0.01% |
816,000
-388,800
| -32% | -$47.5M |
|
|
ECHO
916
PUT
EchoStar
ECHO
$25.9B
| $95.6M | 0.01% |
879,700
-1,083,800
| -55% | -$88.3M |
|
917
Lam Research
LRCX
$383B
| $95.5M | 0.01% |
557,836
-199,652
| -26% | -$31.1M |
|
918
CALL
Novartis
NVS
$298B
| $95.4M | 0.01% |
692,100
+126,300
| +22% | +$16.5M |
|
919
CALL
Globalstar
GSAT
$10.9B
| $95.3M | 0.01% |
1,560,800
-86,100
| -5% | -$4.75M |
|
920
PUT
Applied Digital
APLD
$8.37B
| $95.1M | 0.01% |
3,878,400
-1,277,300
| -25% | -$36.8M |
|
921
JD.com
JD
$45.2B
| $95M | 0.01% |
3,308,813
+885,762
| +37% | +$27.7M |
|
922
PUT
Autodesk
ADSK
$54.1B
| $94.7M | 0.01% |
319,900
-87,900
| -22% | -$26.6M |
|
923
CALL
Pinterest
PINS
$13.8B
| $94.4M | 0.01% |
3,647,200
+918,100
| +34% | +$26.4M |
|
924
Wynn Resorts
WYNN
$10.6B
| $94.3M | 0.01% |
783,356
-263,378
| -25% | -$32.6M |
|
925
CALL
SoundHound AI
SOUN
$3.25B
| $94.2M | 0.01% |
9,443,500
-2,065,900
| -18% | -$29.7M |
|
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.