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 | |
|---|---|---|---|---|---|---|
976
CALL
Hershey
HSY
$36.7B
| $86.9M | 0.01% |
477,500
-307,700
| -39% | -$56.3M |
|
977
CALL
BHP
BHP
$230B
| $86.8M | 0.01% |
1,437,700
+436,600
| +44% | +$24.8M |
|
978
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.55B
| $86.8M | 0.01% |
837,600
+330,400
| +65% | +$32.6M |
|
979
CALL
Align Technology
ALGN
$12.5B
| $86.8M | 0.01% |
555,700
+53,000
| +11% | +$7.6M |
|
980
PUT
Deckers Outdoor
DECK
$13.3B
| $86.7M | 0.01% |
836,100
+304,900
| +57% | +$28.6M |
|
981
PUT
British American Tobacco
BTI
$123B
| $86.6M | 0.01% |
1,529,600
-61,000
| -4% | -$3.33M |
|
982
PUT
Zillow
Z
$7.59B
| $86.5M | 0.01% |
1,267,600
-116,100
| -8% | -$8.41M |
|
983
PUT
AngloGold Ashanti
AU
$49.2B
| $86.4M | 0.01% |
1,013,200
+63,100
| +7% | +$4.92M |
|
984
CALL
Nutanix
NTNX
$17.4B
| $86.3M | 0.01% |
1,670,400
-396,200
| -19% | -$24.2M |
|
|
FINV
985
FinVolution Group
FINV
$1.11B
| $86.3M | 0.01% |
16,492,230
-2,600
| -0% | -$15.3K |
|
986
W.W. Grainger
GWW
$61.1B
| $86.2M | 0.01% |
85,462
+81,979
| +2,354% | +$79.5M |
|
987
United Parcel Service
UPS
$89.1B
| $86M | 0.01% |
866,738
+347,509
| +67% | +$32.5M |
|
988
CALL
Aflac
AFL
$61.1B
| $85.9M | 0.01% |
778,700
-28,800
| -4% | -$3.17M |
|
989
CALL
Illumina
ILMN
$29B
| $85.7M | 0.01% |
653,200
+97,100
| +17% | +$11.4M |
|
990
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.13B
| $85.1M | 0.01% |
2,280,700
-291,500
| -11% | -$11.8M |
|
991
PUT
Pinterest
PINS
$13.8B
| $85.1M | 0.01% |
3,285,800
+876,500
| +36% | +$25.2M |
|
|
FLG
992
CALL
Flagstar Bank National Association
FLG
$5.82B
| $84.9M | 0.01% |
6,746,700
-126,700
| -2% | -$1.51M |
|
993
CALL
Tenet Healthcare
THC
$20.9B
| $84.9M | 0.01% |
427,400
-53,900
| -11% | -$10.9M |
|
994
Medtronic
MDT
$114B
| $84.8M | 0.01% |
882,614
+646,038
| +273% | +$62.8M |
|
995
Delta Air Lines
DAL
$58.7B
| $84.3M | 0.01% |
1,215,263
+421,003
| +53% | +$26.3M |
|
996
CALL
Kinross Gold
KGC
$32.5B
| $84.3M | 0.01% |
2,993,400
-926,500
| -24% | -$24.1M |
|
997
PUT
Equinix
EQIX
$103B
| $84.2M | 0.01% |
109,900
-93,000
| -46% | -$72.9M |
|
998
CALL
Cleveland-Cliffs
CLF
$7.13B
| $84.1M | 0.01% |
6,334,100
-3,229,600
| -34% | -$40.8M |
|
999
CALL
Caesars Entertainment
CZR
$6.13B
| $83.9M | 0.01% |
3,585,700
+1,605,000
| +81% | +$36.1M |
|
1000
PUT
Marathon Digital Holdings
MARA
$3.69B
| $83.9M | 0.01% |
9,337,900
-2,623,100
| -22% | -$38.7M |
|
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.