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 | |
|---|---|---|---|---|---|---|
1426
Datadog
DDOG
$88.6B
| $46.4M | 0.01% |
341,060
-339,574
| -50% | -$53.7M |
|
1427
PUT
Monster Beverage
MNST
$89.2B
| $46.2M | 0.01% |
1,204,200
+283,000
| +31% | +$10.1M |
|
1428
CALL
Innodata
INOD
$2.05B
| $46.1M | 0.01% |
905,600
-176,800
| -16% | -$11.5M |
|
1429
PUT
Roper Technologies
ROP
$39.5B
| $46.1M | 0.01% |
103,600
+87,700
| +552% | +$40.6M |
|
1430
CALL
Raymond James Financial
RJF
$34.6B
| $46.1M | 0.01% |
287,000
-23,600
| -8% | -$3.81M |
|
1431
PUT
Guardant Health
GH
$22.2B
| $46.1M | 0.01% |
450,900
+134,200
| +42% | +$12M |
|
1432
PUT
Nutrien
NTR
$32.1B
| $46M | 0.01% |
745,800
+131,300
| +21% | +$7.73M |
|
1433
PUT
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$613M
| $46M | 0.01% |
926,400
+241,500
| +35% | +$14.3M |
|
1434
CALL
FirstEnergy
FE
$27.1B
| $46M | 0.01% |
1,026,400
+660,500
| +181% | +$30.3M |
|
1435
CALL
BigBear.ai
BBAI
$1.6B
| $45.7M | 0.01% |
8,468,600
+1,601,800
| +23% | +$10.5M |
|
1436
PG&E
PCG
$38.1B
| $45.7M | 0.01% |
2,844,617
+1,416,687
| +99% | +$22.6M |
|
1437
Travelers Companies
TRV
$78.3B
| $45.7M | 0.01% |
157,586
+41,248
| +35% | +$11.6M |
|
1438
AutoZone
AZO
$49.7B
| $45.6M | 0.01% |
13,443
+6,646
| +98% | +$25.1M |
|
1439
CALL
Ero Copper
ERO
$3.79B
| $45.5M | 0.01% |
1,609,400
+1,410,900
| +711% | +$32.9M |
|
1440
CALL
APA Corp
APA
$14.2B
| $45.4M | 0.01% |
1,857,300
+399,900
| +27% | +$9.67M |
|
1441
PUT
Vanguard Real Estate ETF
VNQ
$38.3B
| $45.3M | 0.01% |
512,100
-31,000
| -6% | -$2.79M |
|
1442
Apollo Global Management
APO
$80.8B
| $45.1M | 0.01% |
311,836
+84,986
| +37% | +$11.3M |
|
1443
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.2B
| $45.1M | 0.01% |
93,893
+75,733
| +417% | +$35.8M |
|
1444
Carnival Corporation Ltd
CCL
$38B
| $45.1M | 0.01% |
1,476,999
+459,201
| +45% | +$12.8M |
|
1445
Constellation Brands
STZ
$22.9B
| $45.1M | 0.01% |
326,832
-570,080
| -64% | -$78.2M |
|
1446
CALL
State Street
STT
$51.4B
| $45.1M | 0.01% |
349,300
-67,400
| -16% | -$8.07M |
|
1447
Centrus Energy
LEU
$3.77B
| $45M | 0.01% |
185,516
+154,866
| +505% | +$46.8M |
|
1448
CALL
Air Products & Chemicals
APD
$68.9B
| $45M | 0.01% |
182,300
-137,500
| -43% | -$34.9M |
|
1449
Elevance Health
ELV
$84.7B
| $45M | 0.01% |
128,353
-62,714
| -33% | -$21.2M |
|
1450
CALL
Agilent Technologies
A
$42.2B
| $45M | 0.01% |
330,600
-51,700
| -14% | -$7.43M |
|
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.