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 | |
|---|---|---|---|---|---|---|
1026
PUT
iShares US Real Estate ETF
IYR
$4.5B
| $80.5M | 0.01% |
857,500
-84,600
| -9% | -$8.06M |
|
1027
Reddit
RDDT
$30.9B
| $80.5M | 0.01% |
350,173
+143,367
| +69% | +$30.2M |
|
1028
CALL
Simon Property Group
SPG
$72B
| $80.5M | 0.01% |
434,700
-74,200
| -15% | -$13.5M |
|
1029
PUT
EOG Resources
EOG
$74.4B
| $80.4M | 0.01% |
765,200
-29,600
| -4% | -$3.18M |
|
1030
PUT
UBS Group
UBS
$177B
| $79.9M | 0.01% |
1,726,000
+17,400
| +1% | +$703K |
|
1031
CALL
HSBC
HSBC
$357B
| $79.2M | 0.01% |
1,006,800
-156,000
| -13% | -$11.2M |
|
1032
PUT
Pan American Silver
PAAS
$21.8B
| $79.2M | 0.01% |
1,527,800
-78,400
| -5% | -$3.28M |
|
|
CDTX
1033
PUT
DELISTED
Cidara Therapeutics
CDTX
| $79.1M | 0.01% |
357,900
-47,500
| -12% | -$7.68M |
|
1034
PUT
Digital Realty Trust
DLR
$71.2B
| $78.9M | 0.01% |
509,800
+176,500
| +53% | +$29M |
|
1035
CALL
First Horizon
FHN
$12B
| $78.9M | 0.01% |
3,299,900
+2,534,700
| +331% | +$56.5M |
|
1036
CALL
Dominion Energy
D
$59.5B
| $78.8M | 0.01% |
1,345,700
+375,600
| +39% | +$22.6M |
|
1037
CALL
Snap
SNAP
$9.25B
| $78.6M | 0.01% |
9,744,900
-204,700
| -2% | -$1.62M |
|
|
EXAS
1038
CALL
DELISTED
Exact Sciences
EXAS
| $78.3M | 0.01% |
770,800
+333,800
| +76% | +$26.8M |
|
1039
Cheniere Energy
LNG
$55.1B
| $78.2M | 0.01% |
402,335
+167,251
| +71% | +$35.1M |
|
1040
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$395M
| $78.2M | 0.01% |
773,900
+100,600
| +15% | +$9.46M |
|
1041
iShares Silver Trust
SLV
$31.5B
| $78M | 0.01% |
1,210,365
-220,873
| -15% | -$11.1M |
|
1042
CALL
Oscar Health
OSCR
$8.38B
| $77.8M | 0.01% |
5,413,500
+273,500
| +5% | +$4.73M |
|
1043
CALL
Eos Energy Enterprises
EOSE
$1.55B
| $77.7M | 0.01% |
6,782,000
-1,498,800
| -18% | -$21.5M |
|
1044
CALL
Lucid Motors
LCID
$2.59B
| $77.6M | 0.01% |
7,340,400
-116,500
| -2% | -$1.86M |
|
1045
CALL
Southern Copper
SCCO
$166B
| $77.5M | 0.01% |
557,152
+203,906
| +58% | +$26.7M |
|
1046
CALL
Invesco NASDAQ 100 ETF
QQQM
$102B
| $77.2M | 0.01% |
305,300
-161,700
| -35% | -$40.8M |
|
1047
CALL
Equinix
EQIX
$103B
| $76.9M | 0.01% |
100,400
-51,000
| -34% | -$40M |
|
|
NBIS
1048
Nebius Group N.V.
NBIS
$48.6B
| $76.7M | 0.01% |
916,512
+485,826
| +113% | +$50.4M |
|
1049
PUT
Waste Management
WM
$91.2B
| $76.7M | 0.01% |
349,000
+20,300
| +6% | +$4.33M |
|
1050
PUT
Mondelez International
MDLZ
$78.3B
| $76.6M | 0.01% |
1,423,700
+532,700
| +60% | +$30.7M |
|
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.