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 | |
|---|---|---|---|---|---|---|
1326
CALL
O'Reilly Automotive
ORLY
$74.9B
| $52M | 0.01% |
570,300
-665,100
| -54% | -$65M |
|
1327
CALL
Fastenal
FAST
$60.1B
| $52M | 0.01% |
1,296,200
+528,000
| +69% | +$22.2M |
|
1328
CALL
Sprott Uranium Miners ETF
URNM
$2.03B
| $52M | 0.01% |
947,400
-225,900
| -19% | -$13.1M |
|
1329
US Bancorp
USB
$100B
| $52M | 0.01% |
973,578
+580,148
| +147% | +$28.5M |
|
1330
PUT
Lamb Weston
LW
$7.23B
| $51.9M | 0.01% |
1,237,900
+506,500
| +69% | +$29.8M |
|
1331
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| $51.8M | 0.01% |
1,576,100
-1,557,900
| -50% | -$51.1M |
|
1332
CALL
SolarEdge
SEDG
$2.05B
| $51.7M | 0.01% |
1,792,700
-466,800
| -21% | -$16.3M |
|
1333
CALL
Edison International
EIX
$26.9B
| $51.7M | 0.01% |
861,300
-315,100
| -27% | -$18.1M |
|
1334
CALL
Builders FirstSource
BLDR
$8.08B
| $51.7M | 0.01% |
502,300
+170,600
| +51% | +$19.2M |
|
1335
CALL
SAP
SAP
$242B
| $51.6M | 0.01% |
212,400
-56,300
| -21% | -$14.3M |
|
1336
CALL
Wingstop
WING
$3.03B
| $51.5M | 0.01% |
216,100
+17,800
| +9% | +$4.41M |
|
1337
Monolithic Power Systems
MPWR
$68.9B
| $51.5M | 0.01% |
56,855
-73,047
| -56% | -$70.3M |
|
1338
HubSpot
HUBS
$11B
| $51.5M | 0.01% |
128,214
+109,170
| +573% | +$45.2M |
|
1339
CALL
Carlyle Group
CG
$17.4B
| $51.4M | 0.01% |
870,400
-132,800
| -13% | -$7.54M |
|
1340
iShares Biotechnology ETF
IBB
$9.81B
| $51.3M | 0.01% |
304,146
+218,884
| +257% | +$35.6M |
|
1341
CALL
Planet Labs
PL
$8.45B
| $51.3M | 0.01% |
2,600,100
+608,800
| +31% | +$8.73M |
|
|
NVMI
1342
CALL
Nova
NVMI
$12.6B
| $51.2M | 0.01% |
155,900
+48,600
| +45% | +$15.6M |
|
1343
PUT
iShares US Aerospace & Defense ETF
ITA
$15B
| $51M | 0.01% |
237,700
-16,500
| -6% | -$3.45M |
|
1344
CALL
Axsome Therapeutics
AXSM
$11.1B
| $51M | 0.01% |
279,400
+6,200
| +2% | +$866K |
|
1345
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $50.9M | 0.01% |
151,800
+36,300
| +31% | +$12.1M |
|
1346
PUT
SoundHound AI
SOUN
$3.23B
| $50.7M | 0.01% |
5,090,000
-925,700
| -15% | -$13.3M |
|
1347
Estee Lauder
EL
$31.8B
| $50.7M | 0.01% |
484,084
-216,345
| -31% | -$21M |
|
1348
CALL
Best Buy
BBY
$17.6B
| $50.7M | 0.01% |
757,100
-611,600
| -45% | -$46.7M |
|
1349
PUT
Madison Square Garden
MSGS
$9.47B
| $50.7M | 0.01% |
195,900
-34,500
| -15% | -$7.85M |
|
|
FIG
1350
PUT
Figma
FIG
$13.3B
| $50.7M | 0.01% |
1,355,700
-793,700
| -37% | -$35.9M |
|
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.