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 | |
|---|---|---|---|---|---|---|
1401
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$194M
| $48M | 0.01% |
1,292,600
+90,300
| +8% | +$3.14M |
|
1402
Strategy Inc
MSTR
$37.8B
| $48M | 0.01% |
315,858
-2,318
| -0.7% | -$534K |
|
1403
Cytokinetics
CYTK
$10.6B
| $47.9M | 0.01% |
753,617
-264,184
| -26% | -$16.4M |
|
1404
PUT
TransDigm Group
TDG
$68.7B
| $47.7M | 0.01% |
35,900
-31,100
| -46% | -$40.8M |
|
1405
Moderna
MRNA
$24.2B
| $47.6M | 0.01% |
1,615,399
-343,295
| -18% | -$9.33M |
|
1406
CALL
Hasbro
HAS
$13.7B
| $47.6M | 0.01% |
580,700
+346,100
| +148% | +$27.1M |
|
1407
CALL
Global Payments
GPN
$22.7B
| $47.5M | 0.01% |
613,900
+331,100
| +117% | +$26.7M |
|
1408
Ferguson
FERG
$48.8B
| $47.5M | 0.01% |
213,409
+57,755
| +37% | +$13.8M |
|
1409
CALL
Keurig Dr Pepper
KDP
$39.7B
| $47.4M | 0.01% |
1,692,900
+277,600
| +20% | +$7.62M |
|
1410
Enphase Energy
ENPH
$5.59B
| $47.3M | 0.01% |
1,475,157
-848,778
| -37% | -$27.5M |
|
1411
iShares MSCI India ETF
INDA
$6.6B
| $47.2M | 0.01% |
874,128
+480,896
| +122% | +$25.9M |
|
1412
CALL
Colgate-Palmolive
CL
$73.6B
| $47.2M | 0.01% |
597,700
+73,400
| +14% | +$5.75M |
|
1413
CALL
Li Auto
LI
$12.4B
| $47.1M | 0.01% |
2,783,000
+257,700
| +10% | +$5.11M |
|
1414
PUT
Cognizant
CTSH
$26.4B
| $47.1M | 0.01% |
567,300
+123,700
| +28% | +$9.25M |
|
1415
PUT
Enterprise Products Partners
EPD
$81.8B
| $47M | 0.01% |
1,466,800
-188,900
| -11% | -$5.97M |
|
1416
CALL
Procore
PCOR
$8.93B
| $46.9M | 0.01% |
644,900
+192,800
| +43% | +$14.3M |
|
1417
PUT
ProShares Ultra QQQ
QLD
$13.9B
| $46.9M | 0.01% |
665,600
+224,200
| +51% | +$15.9M |
|
1418
PUT
Yum! Brands
YUM
$39.5B
| $46.8M | 0.01% |
309,400
-37,400
| -11% | -$5.54M |
|
1419
Walt Disney
DIS
$179B
| $46.8M | 0.01% |
411,381
+19,841
| +5% | +$2.19M |
|
1420
CALL
Monster Beverage
MNST
$89.2B
| $46.8M | 0.01% |
1,220,200
+224,800
| +23% | +$8.05M |
|
1421
PUT
O'Reilly Automotive
ORLY
$74.9B
| $46.7M | 0.01% |
512,400
-213,300
| -29% | -$20.8M |
|
1422
CALL
Barclays
BCS
$93.7B
| $46.7M | 0.01% |
1,834,300
+462,600
| +34% | +$10.2M |
|
1423
Bilibili
BILI
$7.53B
| $46.7M | 0.01% |
1,897,902
-1,987,560
| -51% | -$53.5M |
|
|
GLXY
1424
PUT
Galaxy Digital Inc
GLXY
$3.92B
| $46.7M | 0.01% |
2,087,100
-3,612,000
| -63% | -$112M |
|
1425
RH
RH
$3.46B
| $46.6M | 0.01% |
259,890
-116,103
| -31% | -$19.9M |
|
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.