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 | |
|---|---|---|---|---|---|---|
1376
PUT
GeneDx Holdings
WGS
$2.44B
| $49.6M | 0.01% |
381,200
-101,300
| -21% | -$13.9M |
|
1377
CALL
Suncor Energy
SU
$74B
| $49.5M | 0.01% |
1,115,900
+69,600
| +7% | +$2.94M |
|
1378
CME Group
CME
$93.2B
| $49.5M | 0.01% |
181,129
+111,018
| +158% | +$30.2M |
|
1379
Charter Communications
CHTR
$18.8B
| $49.3M | 0.01% |
235,957
+206,938
| +713% | +$46.6M |
|
1380
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$145M
| $49.1M | 0.01% |
1,854,000
+285,400
| +18% | +$9.33M |
|
1381
PUT
Tilray
TLRY
$651M
| $49M | 0.01% |
5,426,100
+4,885,780
| +904% | +$59.6M |
|
1382
PUT
American Eagle Outfitters
AEO
$2.91B
| $48.9M | 0.01% |
1,853,900
+928,600
| +100% | +$18.4M |
|
1383
CALL
Edwards Lifesciences
EW
$54B
| $48.9M | 0.01% |
573,300
+68,700
| +14% | +$5.64M |
|
1384
Accenture
ACN
$110B
| $48.8M | 0.01% |
181,937
-108,484
| -37% | -$27.6M |
|
1385
CALL
ProShares UltraPro Short S&P 500
SPXU
$388M
| $48.7M | 0.01% |
979,000
+798,000
| +441% | +$41.5M |
|
1386
CALL
Liquidia Corp
LQDA
$7.83B
| $48.7M | 0.01% |
1,410,700
-807,800
| -36% | -$23M |
|
1387
CALL
Kohl's
KSS
$2.1B
| $48.6M | 0.01% |
2,380,600
-712,100
| -23% | -$13.3M |
|
1388
Vanguard Total International Stock ETF
VXUS
$162B
| $48.5M | 0.01% |
643,176
+583,521
| +978% | +$43.6M |
|
1389
PUT
iShares US Home Construction ETF
ITB
$2.4B
| $48.5M | 0.01% |
503,500
+53,300
| +12% | +$5.38M |
|
1390
CALL
TMC The Metals Company
TMC
$1.97B
| $48.5M | 0.01% |
7,857,200
+5,430,400
| +224% | +$38.1M |
|
1391
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
| $48.5M | 0.01% |
338,209
+238,344
| +239% | +$33.9M |
|
1392
CALL
Fluor
FLR
$7.08B
| $48.5M | 0.01% |
1,223,200
-255,100
| -17% | -$11.3M |
|
1393
PUT
Under Armour
UAA
$2.29B
| $48.4M | 0.01% |
9,733,400
+579,600
| +6% | +$2.68M |
|
1394
Centene
CNC
$32.1B
| $48.4M | 0.01% |
1,174,999
-2,741,207
| -70% | -$103M |
|
1395
CALL
Invesco
IVZ
$13.8B
| $48.3M | 0.01% |
1,840,300
+1,002,300
| +120% | +$24.5M |
|
1396
PUT
Allstate
ALL
$66.3B
| $48.3M | 0.01% |
232,000
-110,200
| -32% | -$22.6M |
|
1397
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
| $48.3M | 0.01% |
192,800
-153,600
| -44% | -$38.6M |
|
1398
CALL
American Tower
AMT
$79B
| $48.2M | 0.01% |
274,400
-424,400
| -61% | -$77.2M |
|
1399
CALL
UBS Group
UBS
$176B
| $48.2M | 0.01% |
1,040,100
+231,400
| +29% | +$9.35M |
|
1400
Devon Energy
DVN
$49.9B
| $48.2M | 0.01% |
1,314,544
+772,255
| +142% | +$27M |
|
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.