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 | |
|---|---|---|---|---|---|---|
1251
PUT
Axsome Therapeutics
AXSM
$11.1B
| $57M | 0.01% |
311,900
+26,900
| +9% | +$3.76M |
|
1252
CALL
British American Tobacco
BTI
$122B
| $57M | 0.01% |
1,005,900
-1,393,800
| -58% | -$76M |
|
|
SCHW
1253
Charles Schwab
SCHW
$186B
| $56.9M | 0.01% |
569,652
+320,491
| +129% | +$30.4M |
|
|
PPLT
1254
CALL
abrdn Physical Platinum Shares ETF
PPLT
$2.03B
| $56.9M | 0.01% |
3,052,000
+1,842,000
| +152% | +$28.4M |
|
1255
CALL
Alamos Gold
AGI
$14B
| $56.9M | 0.01% |
1,474,500
+330,800
| +29% | +$11.5M |
|
1256
Dow Inc
DOW
$22.6B
| $56.9M | 0.01% |
2,433,072
+1,792,469
| +280% | +$41.2M |
|
1257
CALL
T. Rowe Price
TROW
$24.3B
| $56.9M | 0.01% |
555,500
+20,300
| +4% | +$2.09M |
|
1258
PUT
Ross Stores
ROST
$80.8B
| $56.8M | 0.01% |
315,100
-51,900
| -14% | -$8.66M |
|
|
FIG
1259
CALL
Figma
FIG
$13.3B
| $56.7M | 0.01% |
1,518,400
-566,700
| -27% | -$25.6M |
|
1260
T-Mobile US
TMUS
$192B
| $56.7M | 0.01% |
279,375
-84,799
| -23% | -$18M |
|
1261
Verizon
VZ
$196B
| $56.5M | 0.01% |
1,386,027
-255,156
| -16% | -$10.3M |
|
1262
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$145M
| $56.4M | 0.01% |
2,130,500
-329,900
| -13% | -$10.8M |
|
1263
Upstart Holdings
UPST
$2.91B
| $56.3M | 0.01% |
1,287,089
+324,209
| +34% | +$14.9M |
|
|
GAP
1264
PUT
The Gap Inc
GAP
$7.55B
| $56.3M | 0.01% |
2,197,800
+152,700
| +7% | +$3.7M |
|
1265
PUT
Blue Owl Capital
OWL
$19.2B
| $56.2M | 0.01% |
3,764,400
+2,349,200
| +166% | +$36.7M |
|
1266
CALL
Teck Resources
TECK
$32.4B
| $56.2M | 0.01% |
1,174,200
-92,500
| -7% | -$4.01M |
|
1267
PUT
First Majestic Silver
AG
$9.35B
| $56.2M | 0.01% |
3,374,300
+801,900
| +31% | +$11.1M |
|
1268
CALL
MGM Resorts International
MGM
$11.1B
| $56.1M | 0.01% |
1,536,100
+234,600
| +18% | +$7.96M |
|
1269
Pan American Silver
PAAS
$21.8B
| $55.9M | 0.01% |
1,079,519
+904,924
| +518% | +$37.9M |
|
1270
PUT
Air Products & Chemicals
APD
$68.9B
| $55.8M | 0.01% |
225,800
+84,500
| +60% | +$21.4M |
|
1271
Danaher
DHR
$146B
| $55.7M | 0.01% |
243,261
+52,692
| +28% | +$11.6M |
|
|
ETOR
1272
eToro Group
ETOR
$2.33B
| $55.7M | 0.01% |
1,584,167
-190,330
| -11% | -$7.35M |
|
1273
PUT
LPL Financial
LPLA
$29.2B
| $55.6M | 0.01% |
155,800
+90,500
| +139% | +$32M |
|
1274
CALL
BP
BP
$111B
| $55.6M | 0.01% |
1,600,800
-2,061,900
| -56% | -$72.3M |
|
1275
PUT
Stryker
SYK
$134B
| $55.4M | 0.01% |
157,700
-26,000
| -14% | -$9.47M |
|
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.