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 | |
|---|---|---|---|---|---|---|
926
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$6.05B
| $93.7M | 0.01% |
797,200
+174,300
| +28% | +$22.3M |
|
927
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $93.6M | 0.01% |
795,500
+271,400
| +52% | +$31.2M |
|
928
Trade Desk
TTD
$6.29B
| $93.6M | 0.01% |
2,466,451
+212,998
| +9% | +$9.44M |
|
929
Pfizer
PFE
$154B
| $93.6M | 0.01% |
3,758,082
-8,837,922
| -70% | -$223M |
|
930
CALL
Vale
VALE
$63.4B
| $93.2M | 0.01% |
7,156,200
+6,400
| +0.1% | +$77.8K |
|
931
CALL
Norfolk Southern
NSC
$75B
| $93.2M | 0.01% |
322,700
+60,400
| +23% | +$17.5M |
|
932
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$637M
| $93M | 0.01% |
583,400
+202,800
| +53% | +$27.8M |
|
933
CALL
Archer Aviation
ACHR
$4.78B
| $92.9M | 0.01% |
12,356,700
+4,850,200
| +65% | +$45.6M |
|
934
CALL
EOG Resources
EOG
$74.6B
| $92.8M | 0.01% |
883,700
-74,700
| -8% | -$8.02M |
|
935
PUT
Markel Group
MKL
$22.8B
| $92.6M | 0.01% |
43,100
-3,900
| -8% | -$7.9M |
|
|
NVMI
936
PUT
Nova
NVMI
$12.2B
| $92.6M | 0.01% |
282,100
+27,700
| +11% | +$8.91M |
|
937
PUT
Cardinal Health
CAH
$55.5B
| $92.6M | 0.01% |
450,600
+13,100
| +3% | +$2.47M |
|
938
CALL
Emerson Electric
EMR
$88.5B
| $92.4M | 0.01% |
696,400
+140,200
| +25% | +$18.6M |
|
939
PUT
Dick's Sporting Goods
DKS
$19.2B
| $92M | 0.01% |
464,700
-4,900
| -1% | -$1.07M |
|
|
CYBR
940
DELISTED
CyberArk
CYBR
| $92M | 0.01% |
206,185
+18,050
| +10% | +$8.69M |
|
|
BMNR
941
BitMine Immersion Technologies
BMNR
$10.9B
| $91.8M | 0.01% |
3,381,114
-4,308,489
| -56% | -$175M |
|
942
CALL
Enphase Energy
ENPH
$5.41B
| $91.5M | 0.01% |
2,855,200
+417,900
| +17% | +$13.5M |
|
943
CALL
Southern Company
SO
$105B
| $91.3M | 0.01% |
1,047,300
-126,700
| -11% | -$11.6M |
|
944
CALL
Akamai
AKAM
$16.9B
| $91M | 0.01% |
1,043,300
+548,800
| +111% | +$45.1M |
|
945
Alcoa
AA
$13.6B
| $90.9M | 0.01% |
1,710,166
+574,842
| +51% | +$23.5M |
|
946
CALL
Cytokinetics
CYTK
$10.8B
| $90.7M | 0.01% |
1,428,100
+236,800
| +20% | +$14.7M |
|
947
CALL
Tilray
TLRY
$602M
| $90.2M | 0.01% |
9,991,800
+9,268,780
| +1,282% | +$113M |
|
948
CALL
Nextpower Inc
NXT
$15.6B
| $90.2M | 0.01% |
1,035,500
-449,400
| -30% | -$40.7M |
|
949
CALL
QuantumScape Corp
QS
$3.81B
| $90.1M | 0.01% |
8,645,500
-354,300
| -4% | -$4.88M |
|
950
Procter & Gamble
PG
$340B
| $90.1M | 0.01% |
628,564
+130,816
| +26% | +$19.3M |
|
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.