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 | |
|---|---|---|---|---|---|---|
1101
Albemarle
ALB
$15.3B
| $71M | 0.01% |
501,917
+422,255
| +530% | +$47.9M |
|
1102
CALL
Dutch Bros
BROS
$8.81B
| $71M | 0.01% |
1,159,600
+495,900
| +75% | +$28.2M |
|
1103
CALL
Madrigal Pharmaceuticals
MDGL
$12.3B
| $70.9M | 0.01% |
121,800
-20,200
| -14% | -$10.3M |
|
1104
CALL
iShares MSCI South Korea ETF
EWY
$25.8B
| $70.9M | 0.01% |
729,300
-1,238,000
| -63% | -$113M |
|
1105
PUT
Five Below
FIVE
$13.1B
| $70.9M | 0.01% |
376,300
+214,800
| +133% | +$34.9M |
|
1106
CALL
Revolution Medicines
RVMD
$44.2B
| $70.7M | 0.01% |
887,100
+133,900
| +18% | +$8.78M |
|
1107
PUT
Southern Copper
SCCO
$162B
| $70.6M | 0.01% |
506,951
+247,162
| +95% | +$32.3M |
|
1108
CALL
Oneok
OKE
$57.6B
| $70.4M | 0.01% |
957,900
+19,700
| +2% | +$1.4M |
|
1109
CALL
GE HealthCare
GEHC
$32.9B
| $70.3M | 0.01% |
857,200
+318,700
| +59% | +$24.8M |
|
1110
CALL
Grayscale Bitcoin Trust
GBTC
$9.54B
| $70.2M | 0.01% |
1,027,200
+590,900
| +135% | +$46.3M |
|
1111
CALL
Darling Ingredients
DAR
$9.91B
| $70.1M | 0.01% |
1,948,200
+850,600
| +77% | +$28.8M |
|
1112
PUT
United States Natural Gas Fund
UNG
$495M
| $70.1M | 0.01% |
5,719,000
+846,000
| +17% | +$11.4M |
|
1113
Galicia Financial Group
GGAL
$7.11B
| $70.1M | 0.01% |
1,298,700
-1,042,411
| -45% | -$48.8M |
|
1114
PUT
ResMed
RMD
$32.4B
| $69.8M | 0.01% |
289,800
+63,700
| +28% | +$16.3M |
|
1115
Super Micro Computer
SMCI
$20.2B
| $69.7M | 0.01% |
2,382,761
+1,897,875
| +391% | +$78.1M |
|
|
DOCU
1116
PUT
DocuSign
DOCU
$11.4B
| $69.6M | 0.01% |
1,018,200
-269,700
| -21% | -$18.7M |
|
1117
PUT
MSCI
MSCI
$40.9B
| $69.5M | 0.01% |
121,100
-48,000
| -28% | -$26.9M |
|
1118
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.35B
| $69.4M | 0.01% |
3,629,126
+1,468,031
| +68% | +$29.2M |
|
1119
CALL
Crocs
CROX
$6.38B
| $69.3M | 0.01% |
810,900
-174,500
| -18% | -$14.6M |
|
1120
PUT
Royal Gold
RGLD
$19.7B
| $69.3M | 0.01% |
311,900
+150,600
| +93% | +$29.9M |
|
1121
PUT
Veeva Systems
VEEV
$38.5B
| $69.2M | 0.01% |
310,000
+88,100
| +40% | +$23.4M |
|
1122
CALL
Antero Resources
AR
$11.6B
| $69.2M | 0.01% |
2,007,900
+1,437,900
| +252% | +$48.7M |
|
1123
CALL
American International
AIG
$40.6B
| $68.9M | 0.01% |
805,700
+391,200
| +94% | +$31.3M |
|
1124
CALL
ProShares UltraPro S&P 500
UPRO
$5.7B
| $68.9M | 0.01% |
594,900
-160,900
| -21% | -$18.4M |
|
1125
PUT
Carrier Global
CARR
$52.2B
| $68.9M | 0.01% |
1,303,100
-55,400
| -4% | -$3.08M |
|
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.