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 | |
|---|---|---|---|---|---|---|
1451
State Street SPDR S&P Biotech ETF
XBI
$10.4B
| $44.9M | 0.01% |
367,910
-785,927
| -68% | -$90.1M |
|
1452
PUT
Samsara
IOT
$23.5B
| $44.8M | 0.01% |
1,264,900
+128,800
| +11% | +$4.99M |
|
1453
CRISPR Therapeutics
CRSP
$5.23B
| $44.8M | 0.01% |
853,971
+39,647
| +5% | +$2.37M |
|
1454
PUT
PG&E
PCG
$38.1B
| $44.8M | 0.01% |
2,786,000
-1,576,400
| -36% | -$25.2M |
|
1455
PUT
LyondellBasell Industries
LYB
$20.7B
| $44.7M | 0.01% |
1,033,000
+202,200
| +24% | +$9.16M |
|
1456
CALL
XPO
XPO
$23.8B
| $44.7M | 0.01% |
328,700
+274,200
| +503% | +$37.4M |
|
1457
PUT
Rockwell Automation
ROK
$49.6B
| $44.7M | 0.01% |
114,800
-100
| -0.1% | -$37.6K |
|
1458
XPeng
XPEV
$11.4B
| $44.6M | 0.01% |
2,201,547
-281,261
| -11% | -$6.1M |
|
1459
CALL
Establishment Labs
ESTA
$2.21B
| $44.6M | 0.01% |
611,800
+480,400
| +366% | +$29M |
|
1460
PUT
BioNTech
BNTX
$23.3B
| $44.5M | 0.01% |
467,800
+70,400
| +18% | +$7.09M |
|
1461
Texas Pacific Land
TPL
$25.2B
| $44.5M | 0.01% |
155,029
+34,099
| +28% | +$10.4M |
|
1462
PUT
Cytokinetics
CYTK
$10.6B
| $44.5M | 0.01% |
700,600
+264,400
| +61% | +$16.4M |
|
1463
PUT
Praxis Precision Medicines
PRAX
$10.3B
| $44.4M | 0.01% |
150,700
+69,100
| +85% | +$12.9M |
|
1464
PUT
Steel Dynamics
STLD
$37.8B
| $44.4M | 0.01% |
261,900
-63,500
| -20% | -$10.1M |
|
1465
PUT
Trump Media & Technology Group
DJT
$2.48B
| $44.3M | 0.01% |
3,347,300
-940,300
| -22% | -$12.8M |
|
1466
PUT
Pultegroup
PHM
$25.2B
| $44.3M | 0.01% |
377,900
-63,800
| -14% | -$7.83M |
|
1467
CALL
GeneDx Holdings
WGS
$2.44B
| $44.3M | 0.01% |
340,300
-19,200
| -5% | -$2.64M |
|
1468
CALL
Burlington
BURL
$22.6B
| $44.1M | 0.01% |
152,700
-274,300
| -64% | -$74.4M |
|
1469
CALL
Applied Optoelectronics
AAOI
$11.4B
| $44M | 0.01% |
1,262,100
+602,500
| +91% | +$18M |
|
1470
CALL
BWX Technologies
BWXT
$15.5B
| $43.9M | 0.01% |
254,000
+4,500
| +2% | +$844K |
|
1471
PUT
FTAI Aviation
FTAI
$23.2B
| $43.9M | 0.01% |
223,000
-673,000
| -75% | -$115M |
|
1472
CALL
Crown Castle
CCI
$31.3B
| $43.8M | 0.01% |
493,000
-12,100
| -2% | -$1.11M |
|
|
ABVX
1473
PUT
Abivax
ABVX
$11.1B
| $43.8M | 0.01% |
324,800
+290,600
| +850% | +$31.7M |
|
1474
CALL
NexGen Energy
NXE
$7.08B
| $43.8M | 0.01% |
4,756,700
+1,741,800
| +58% | +$15.4M |
|
1475
Abbott
ABT
$190B
| $43.8M | 0.01% |
349,211
+13,530
| +4% | +$1.72M |
|
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.