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 | |
|---|---|---|---|---|---|---|
1501
PUT
HP
HPQ
$26.6B
| $42.9M | ﹤0.01% |
1,926,300
-506,400
| -21% | -$12.9M |
|
1502
CALL
Nasdaq
NDAQ
$53.1B
| $42.9M | ﹤0.01% |
441,500
-26,800
| -6% | -$2.41M |
|
1503
CALL
Gold Fields
GFI
$36B
| $42.8M | ﹤0.01% |
980,700
+106,900
| +12% | +$4.47M |
|
1504
CALL
Royal Bank of Canada
RY
$292B
| $42.7M | ﹤0.01% |
250,700
-78,000
| -24% | -$12M |
|
|
MDLN
1505
PUT
Medline Inc
MDLN
$30.7B
| $42.7M | ﹤0.01% |
+1,015,600
| New | +$42.9M |
|
1506
CALL
Moody's
MCO
$82.5B
| $42.6M | ﹤0.01% |
83,300
-35,400
| -30% | -$17.3M |
|
1507
CALL
Universal Health Services
UHS
$9.94B
| $42.5M | ﹤0.01% |
195,000
+147,800
| +313% | +$32.7M |
|
1508
PUT
First Citizens BancShares
FCNCA
$25.4B
| $42.5M | ﹤0.01% |
19,800
-13,000
| -40% | -$24.5M |
|
1509
CALL
Regal Rexnord
RRX
$11.5B
| $42.4M | ﹤0.01% |
302,400
+229,200
| +313% | +$32.6M |
|
1510
CALL
L3Harris
LHX
$53.3B
| $42.4M | ﹤0.01% |
144,300
-168,400
| -54% | -$48.7M |
|
1511
PUT
Sherwin-Williams
SHW
$88.5B
| $42.3M | ﹤0.01% |
130,500
-13,400
| -9% | -$4.48M |
|
1512
CALL
PPG Industries
PPG
$25.8B
| $42.3M | ﹤0.01% |
412,400
+79,600
| +24% | +$7.99M |
|
1513
PUT
BridgeBio Pharma
BBIO
$16.4B
| $42.2M | ﹤0.01% |
551,400
-197,300
| -26% | -$13M |
|
1514
CALL
DuPont de Nemours
DD
$19.5B
| $42.1M | ﹤0.01% |
349,133
-394,715
| -53% | -$44.4M |
|
1515
CALL
Emcor
EME
$36B
| $42.1M | ﹤0.01% |
68,800
-24,500
| -26% | -$15.9M |
|
|
TTAN
1516
CALL
ServiceTitan Inc
TTAN
$8.43B
| $42.1M | ﹤0.01% |
395,100
+20,500
| +5% | +$2M |
|
1517
abrdn Physical Silver Shares ETF
SIVR
$4.5B
| $42M | ﹤0.01% |
621,645
+487,176
| +362% | +$25.6M |
|
1518
CALL
SharkNinja
SN
$26.4B
| $42M | ﹤0.01% |
375,100
-13,600
| -3% | -$1.34M |
|
1519
CALL
Ascendis Pharma A/S
ASND
$16.7B
| $42M | ﹤0.01% |
196,800
+79,900
| +68% | +$16.5M |
|
1520
CALL
F5
FFIV
$23.4B
| $41.8M | ﹤0.01% |
163,900
+106,600
| +186% | +$28.7M |
|
1521
CALL
PureCycle Technologies
PCT
$1.54B
| $41.8M | ﹤0.01% |
4,865,700
+974,300
| +25% | +$10.3M |
|
1522
Duke Energy
DUK
$96.1B
| $41.7M | ﹤0.01% |
356,050
+246,604
| +225% | +$30.1M |
|
1523
CALL
Jazz Pharmaceuticals
JAZZ
$16.1B
| $41.7M | ﹤0.01% |
245,300
-87,500
| -26% | -$13.4M |
|
1524
CALL
Fluence Energy
FLNC
$2.42B
| $41.6M | ﹤0.01% |
2,104,200
+1,186,000
| +129% | +$22.3M |
|
1525
PUT
Academy Sports + Outdoors
ASO
$3.07B
| $41.6M | ﹤0.01% |
831,800
+349,400
| +72% | +$17.3M |
|
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.