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 | |
|---|---|---|---|---|---|---|
1351
CALL
Comstock Resources
CRK
$4.23B
| $50.7M | 0.01% |
2,185,100
+1,934,700
| +773% | +$42.6M |
|
1352
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $50.6M | 0.01% |
430,200
-165,900
| -28% | -$19.1M |
|
1353
PUT
Clorox
CLX
$13.1B
| $50.6M | 0.01% |
502,100
-82,800
| -14% | -$8.99M |
|
1354
Schwab Emerging Markets Equity ETF
SCHE
$12.8B
| $50.6M | 0.01% |
1,544,876
+1,507,512
| +4,035% | +$50.3M |
|
|
TEM
1355
Tempus AI
TEM
$10B
| $50.6M | 0.01% |
856,674
+473,637
| +124% | +$37.1M |
|
1356
CALL
Centrus Energy
LEU
$3.77B
| $50.6M | 0.01% |
208,300
-265,000
| -56% | -$80M |
|
1357
PUT
XPeng
XPEV
$11.4B
| $50.4M | 0.01% |
2,486,900
-1,656,500
| -40% | -$35.9M |
|
|
PSKY
1358
CALL
Paramount Skydance Corp
PSKY
$10.5B
| $50.4M | 0.01% |
3,762,500
-3,872,400
| -51% | -$60.5M |
|
1359
CALL
Ross Stores
ROST
$80.8B
| $50.3M | 0.01% |
279,100
-146,000
| -34% | -$24.4M |
|
1360
CALL
Trane Technologies
TT
$106B
| $50.1M | 0.01% |
128,800
+4,600
| +4% | +$1.9M |
|
1361
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.9B
| $50.1M | 0.01% |
474,300
-578,400
| -55% | -$63.6M |
|
|
XYZ
1362
Block Inc
XYZ
$47.5B
| $50.1M | 0.01% |
770,011
-387,319
| -33% | -$26.7M |
|
1363
Viking Therapeutics
VKTX
$3.94B
| $50.1M | 0.01% |
1,423,831
-675,733
| -32% | -$23.9M |
|
|
CNR
1364
CALL
Core Natural Resources Inc
CNR
$4.65B
| $50M | 0.01% |
565,400
-526,600
| -48% | -$44.9M |
|
1365
PUT
Zoetis
ZTS
$31.1B
| $50M | 0.01% |
397,700
-211,100
| -35% | -$27.5M |
|
1366
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$6.02B
| $50M | 0.01% |
425,800
+173,600
| +69% | +$22.2M |
|
1367
PUT
AGNC Investment
AGNC
$12.9B
| $50M | 0.01% |
4,666,600
+2,147,100
| +85% | +$22.1M |
|
1368
PUT
abrdn Physical Palladium Shares ETF
PALL
$673M
| $50M | 0.01% |
1,720,000
+1,508,500
| +713% | +$40.6M |
|
1369
PUT
SiriusXM
SIRI
$9.61B
| $49.9M | 0.01% |
2,492,900
-571,600
| -19% | -$12.3M |
|
1370
Baker Hughes
BKR
$64.3B
| $49.8M | 0.01% |
1,092,797
+763,584
| +232% | +$36.2M |
|
1371
PUT
Agilent Technologies
A
$42.2B
| $49.7M | 0.01% |
365,400
-300
| -0.1% | -$43.1K |
|
1372
PUT
NRG Energy
NRG
$25.2B
| $49.7M | 0.01% |
312,200
-438,000
| -58% | -$72.5M |
|
1373
PUT
Global X Silver Miners ETF NEW
SIL
$4.86B
| $49.7M | 0.01% |
595,000
+247,800
| +71% | +$18.3M |
|
1374
CALL
Blue Owl Capital
OWL
$19.2B
| $49.7M | 0.01% |
3,324,700
+1,115,900
| +51% | +$17.4M |
|
1375
Deckers Outdoor
DECK
$12.8B
| $49.7M | 0.01% |
479,055
+316,587
| +195% | +$29.7M |
|
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.