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 | |
|---|---|---|---|---|---|---|
126
PUT
IBM
IBM
$224B
| $1.01B | 0.12% |
3,414,600
+826,000
| +32% | +$247M |
|
127
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $1.01B | 0.12% |
8,263,600
+5,168,600
| +167% | +$593M |
|
128
CALL
Uber
UBER
$153B
| $1B | 0.12% |
12,277,000
-1,962,700
| -14% | -$177M |
|
129
PUT
Nike
NKE
$61.9B
| $1B | 0.12% |
15,701,900
+963,900
| +7% | +$62.8M |
|
130
CALL
SoFi Technologies
SOFI
$23.7B
| $985M | 0.11% |
37,638,400
+11,375,600
| +43% | +$317M |
|
131
Microsoft
MSFT
$3.71T
| $983M | 0.11% |
2,031,786
-591,640
| -23% | -$296M |
|
132
PUT
Caterpillar
CAT
$387B
| $982M | 0.11% |
1,713,400
+7,500
| +0.4% | +$4.17M |
|
|
133
CALL
Caterpillar
CAT
$387B
| $977M | 0.11% |
1,704,800
-30,000
| -2% | -$16.7M |
|
134
CALL
Palo Alto Networks
PANW
$297B
| $977M | 0.11% |
5,302,000
-1,075,500
| -17% | -$217M |
|
135
Apple
AAPL
$4.57T
| $973M | 0.11% |
3,580,033
-883,054
| -20% | -$237M |
|
136
CALL
AST SpaceMobile
ASTS
$21.5B
| $970M | 0.11% |
13,355,800
+3,499,300
| +36% | +$250M |
|
137
CALL
Qualcomm
QCOM
$176B
| $964M | 0.11% |
5,637,700
+1,036,500
| +23% | +$178M |
|
138
PUT
ServiceNow
NOW
$129B
| $964M | 0.11% |
6,292,900
+1,052,900
| +20% | +$181M |
|
139
iShares Russell 2000 ETF
IWM
$81.9B
| $959M | 0.11% |
3,896,398
+25,742
| +0.7% | +$6.33M |
|
140
PUT
iShares Bitcoin Trust
IBIT
$48.4B
| $959M | 0.11% |
19,314,100
-5,454,000
| -22% | -$310M |
|
141
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $958M | 0.11% |
11,877,500
+7,102,200
| +149% | +$572M |
|
|
142
PUT
Palo Alto Networks
PANW
$297B
| $956M | 0.11% |
5,192,100
-395,200
| -7% | -$79.7M |
|
143
CALL
Merck
MRK
$318B
| $953M | 0.11% |
9,049,200
+2,850,700
| +46% | +$268M |
|
144
Amazon
AMZN
$2.96T
| $952M | 0.11% |
4,124,569
+293,634
| +8% | +$67.2M |
|
145
PUT
Spotify
SPOT
$100B
| $936M | 0.11% |
1,611,200
-330,100
| -17% | -$206M |
|
146
PUT
Johnson & Johnson
JNJ
$625B
| $934M | 0.11% |
4,512,000
+240,700
| +6% | +$47.6M |
|
|
147
CALL
Spotify
SPOT
$100B
| $901M | 0.1% |
1,552,100
-143,600
| -8% | -$89.8M |
|
148
PUT
Home Depot
HD
$355B
| $898M | 0.1% |
2,610,300
+83,800
| +3% | +$30.7M |
|
|
149
PUT
Uber
UBER
$153B
| $897M | 0.1% |
10,978,000
+997,900
| +10% | +$89.9M |
|
150
PUT
Arm
ARM
$302B
| $888M | 0.1% |
8,119,300
+1,264,500
| +18% | +$184M |
|
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.