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 | |
|---|---|---|---|---|---|---|
1201
PUT
TotalEnergies
TTE
$195B
| $62M | 0.01% |
947,200
-321,000
| -25% | -$20.3M |
|
1202
SLB Ltd
SLB
$79.7B
| $61.9M | 0.01% |
1,611,612
+771,540
| +92% | +$28M |
|
1203
CALL
Archer Daniels Midland
ADM
$38.8B
| $61.7M | 0.01% |
1,072,600
+80,200
| +8% | +$4.79M |
|
1204
NuScale Power
SMR
$4.06B
| $61.6M | 0.01% |
4,344,023
+3,120,523
| +255% | +$89.2M |
|
1205
PUT
GitLab
GTLB
$7.11B
| $61.5M | 0.01% |
1,639,600
+271,500
| +20% | +$11.8M |
|
|
YB
1206
Yuanbao Inc
YB
$633M
| $61.5M | 0.01% |
3,035,308
| – | – |
|
1207
Philip Morris
PM
$290B
| $61.5M | 0.01% |
383,334
+128,710
| +51% | +$19.9M |
|
1208
CALL
Cintas
CTAS
$82.1B
| $61.4M | 0.01% |
326,400
-103,200
| -24% | -$19.4M |
|
1209
CALL
PACS Group
PACS
$7.12B
| $61.3M | 0.01% |
1,596,400
+1,267,100
| +385% | +$27.8M |
|
1210
CALL
Yum! Brands
YUM
$39.5B
| $61.1M | 0.01% |
403,700
-153,000
| -27% | -$22.7M |
|
1211
Lennar Class A
LEN
$21.1B
| $61M | 0.01% |
592,980
+369,408
| +165% | +$44.6M |
|
1212
Schwab Fundamental International Large Company Index ETF
FNDF
$25.6B
| $60.8M | 0.01% |
1,345,522
+1,165,697
| +648% | +$51.6M |
|
1213
American Airlines Group
AAL
$10.1B
| $60.8M | 0.01% |
3,964,893
-2,666,708
| -40% | -$36M |
|
1214
Sherwin-Williams
SHW
$88.5B
| $60.8M | 0.01% |
187,561
+71,021
| +61% | +$23.8M |
|
|
EXAS
1215
PUT
DELISTED
Exact Sciences
EXAS
| $60.1M | 0.01% |
591,600
+162,800
| +38% | +$13.1M |
|
1216
Arista Networks
ANET
$250B
| $59.9M | 0.01% |
457,030
-682,047
| -60% | -$93.9M |
|
1217
PUT
Li Auto
LI
$12.4B
| $59.8M | 0.01% |
3,532,500
+501,300
| +17% | +$9.94M |
|
1218
PUT
American Electric Power
AEP
$67.3B
| $59.7M | 0.01% |
517,800
+73,600
| +17% | +$8.69M |
|
1219
PUT
SAP
SAP
$242B
| $59.7M | 0.01% |
245,800
-29,400
| -11% | -$7.49M |
|
1220
PUT
Shell
SHEL
$250B
| $59.5M | 0.01% |
810,400
-34,100
| -4% | -$2.51M |
|
1221
PUT
FirstEnergy
FE
$27.1B
| $59.3M | 0.01% |
1,324,300
+1,081,800
| +446% | +$49.7M |
|
1222
PUT
Becton Dickinson
BDX
$49.4B
| $59.3M | 0.01% |
305,500
+112,700
| +58% | +$21.4M |
|
1223
CALL
American Eagle Outfitters
AEO
$2.91B
| $59.2M | 0.01% |
2,245,700
+86,300
| +4% | +$1.71M |
|
1224
PUT
Akamai
AKAM
$16.8B
| $59.2M | 0.01% |
678,000
+228,200
| +51% | +$18.8M |
|
1225
CALL
Powell Industries
POWL
$7.59B
| $59M | 0.01% |
555,600
-99,900
| -15% | -$11.2M |
|
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.