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 | |
|---|---|---|---|---|---|---|
1226
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.5B
| $59M | 0.01% |
704,745
+391,706
| +125% | +$32.9M |
|
1227
PUT
American Tower
AMT
$79B
| $59M | 0.01% |
335,900
-58,500
| -15% | -$10.6M |
|
1228
Bloom Energy
BE
$62.2B
| $58.9M | 0.01% |
678,113
+427,060
| +170% | +$44.9M |
|
1229
3M
MMM
$94.4B
| $58.8M | 0.01% |
367,496
-15,809
| -4% | -$2.59M |
|
1230
PUT
Norfolk Southern
NSC
$75.2B
| $58.8M | 0.01% |
203,500
-113,300
| -36% | -$32.8M |
|
1231
PUT
Automatic Data Processing
ADP
$108B
| $58.7M | 0.01% |
228,200
-133,200
| -37% | -$35.5M |
|
|
FLG
1232
PUT
Flagstar Bank National Association
FLG
$5.89B
| $58.4M | 0.01% |
4,636,700
-704,600
| -13% | -$8.42M |
|
1233
PUT
Schwab US Dividend Equity ETF
SCHD
$107B
| $58.3M | 0.01% |
2,126,800
+918,000
| +76% | +$25M |
|
1234
PUT
Toll Brothers
TOL
$14.3B
| $58.3M | 0.01% |
430,900
-125,400
| -23% | -$17M |
|
1235
CALL
MetLife
MET
$61.5B
| $57.8M | 0.01% |
732,800
-582,500
| -44% | -$46.1M |
|
|
ETHU
1236
CALL
2x Ether ETF
ETHU
$713M
| $57.8M | 0.01% |
1,056,100
-82,600
| -7% | -$7M |
|
|
FISV
1237
Fiserv Inc
FISV
$28B
| $57.7M | 0.01% |
859,207
+348,613
| +68% | +$29.2M |
|
1238
PUT
Maplebear
CART
$11.4B
| $57.7M | 0.01% |
1,281,800
+418,200
| +48% | +$17.1M |
|
1239
CALL
Vanguard High Dividend Yield ETF
VYM
$83.8B
| $57.6M | 0.01% |
401,600
+55,800
| +16% | +$7.94M |
|
1240
PUT
Rubrik
RBRK
$20B
| $57.6M | 0.01% |
752,900
-68,900
| -8% | -$5.29M |
|
1241
VanEck Semiconductor ETF
SMH
$70.6B
| $57.4M | 0.01% |
159,370
-68,745
| -30% | -$24.1M |
|
1242
PUT
Whirlpool
WHR
$2.84B
| $57.2M | 0.01% |
793,300
-76,200
| -9% | -$5.63M |
|
1243
CALL
The GEO Group
GEO
$4.18B
| $57.2M | 0.01% |
3,545,500
+583,200
| +20% | +$9.72M |
|
1244
CALL
Arrowhead Research
ARWR
$12.6B
| $57.1M | 0.01% |
859,900
+325,800
| +61% | +$16M |
|
1245
Vanguard Morningstar Value ETF
VTV
$192B
| $57.1M | 0.01% |
298,860
+240,808
| +415% | +$45.3M |
|
1246
Dollar Tree
DLTR
$24.6B
| $57.1M | 0.01% |
464,015
+51,815
| +13% | +$5.55M |
|
1247
CALL
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.3B
| $57.1M | 0.01% |
981,900
-47,300
| -5% | -$2.75M |
|
1248
Blackrock
BLK
$178B
| $57M | 0.01% |
53,284
+28,859
| +118% | +$31.5M |
|
1249
PUT
Vail Resorts
MTN
$5.26B
| $57M | 0.01% |
429,400
+9,400
| +2% | +$1.38M |
|
1250
PUT
Edwards Lifesciences
EW
$54B
| $57M | 0.01% |
668,900
+305,900
| +84% | +$25.1M |
|
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.