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 | |
|---|---|---|---|---|---|---|
1176
PUT
CSX Corp
CSX
$92.8B
| $64.1M | 0.01% |
1,768,200
+845,700
| +92% | +$30.3M |
|
1177
CALL
Factset
FDS
$10.1B
| $64M | 0.01% |
220,600
+159,100
| +259% | +$44.7M |
|
1178
CALL
Toronto Dominion Bank
TD
$201B
| $63.9M | 0.01% |
677,900
-15,100
| -2% | -$1.28M |
|
1179
CALL
Hewlett Packard
HPE
$72B
| $63.9M | 0.01% |
2,658,400
-78,500
| -3% | -$1.85M |
|
1180
CALL
First Citizens BancShares
FCNCA
$25.4B
| $63.7M | 0.01% |
29,700
-1,300
| -4% | -$2.45M |
|
1181
Nice
NICE
$5.95B
| $63.5M | 0.01% |
561,786
+117,670
| +26% | +$14.2M |
|
1182
CALL
Synchrony
SYF
$25.6B
| $63.5M | 0.01% |
760,600
+298,300
| +65% | +$22.8M |
|
1183
CALL
Zoetis
ZTS
$31.1B
| $63.4M | 0.01% |
503,900
-115,000
| -19% | -$15M |
|
1184
CALL
Global X Uranium ETF
URA
$6.3B
| $63.2M | 0.01% |
1,478,100
-839,600
| -36% | -$40.6M |
|
1185
PUT
Phillips 66
PSX
$89.4B
| $63.1M | 0.01% |
489,100
-333,500
| -41% | -$44.9M |
|
1186
Intuitive Surgical
ISRG
$141B
| $63.1M | 0.01% |
111,355
-75,738
| -40% | -$40.3M |
|
1187
Astera Labs
ALAB
$54.2B
| $62.9M | 0.01% |
378,004
-260,776
| -41% | -$43.6M |
|
1188
Unity
U
$19.1B
| $62.9M | 0.01% |
1,423,014
-1,744,597
| -55% | -$71.1M |
|
1189
PUT
Cleveland-Cliffs
CLF
$7.07B
| $62.6M | 0.01% |
4,716,800
-734,100
| -13% | -$9.27M |
|
1190
CALL
Peabody Energy
BTU
$2.98B
| $62.6M | 0.01% |
2,107,500
-620,900
| -23% | -$18.2M |
|
1191
Roku
ROKU
$22.4B
| $62.6M | 0.01% |
576,741
+299,955
| +108% | +$30.4M |
|
1192
PUT
ProShares UltraPro S&P 500
UPRO
$5.71B
| $62.5M | 0.01% |
539,900
+30,200
| +6% | +$3.45M |
|
1193
CALL
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.1B
| $62.5M | 0.01% |
1,727,300
+12,000
| +0.7% | +$398K |
|
1194
PUT
iShares MSCI Japan ETF
EWJ
$22.7B
| $62.4M | 0.01% |
773,400
+692,300
| +854% | +$56.9M |
|
1195
CALL
General Mills
GIS
$20.3B
| $62.4M | 0.01% |
1,341,000
-620,500
| -32% | -$29.5M |
|
1196
CALL
Rubrik
RBRK
$20B
| $62.2M | 0.01% |
813,400
+356,100
| +78% | +$27.3M |
|
|
NVO
1197
Novo Nordisk
NVO
$207B
| $62.2M | 0.01% |
1,222,034
+568,343
| +87% | +$29.1M |
|
1198
CALL
Galicia Financial Group
GGAL
$7.08B
| $62.1M | 0.01% |
1,151,000
-1,553,300
| -57% | -$72.7M |
|
1199
United Airlines
UAL
$41.2B
| $62.1M | 0.01% |
555,017
-473,757
| -46% | -$47.9M |
|
1200
Coca-Cola
KO
$373B
| $62M | 0.01% |
886,630
+106,508
| +14% | +$7.42M |
|
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.