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 | |
|---|---|---|---|---|---|---|
1526
PNC Financial Services
PNC
$101B
| $41.5M | ﹤0.01% |
198,858
-64,933
| -25% | -$12.5M |
|
1527
Southern Company
SO
$106B
| $41.4M | ﹤0.01% |
475,019
+316,529
| +200% | +$28.9M |
|
1528
CALL
Ionis Pharmaceuticals
IONS
$9.21B
| $41.4M | ﹤0.01% |
523,500
+23,500
| +5% | +$1.77M |
|
1529
Kroger
KR
$34.5B
| $41.4M | ﹤0.01% |
661,868
+475,196
| +255% | +$31.1M |
|
1530
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.96B
| $41.3M | ﹤0.01% |
+1,146,566
| New | +$41.8M |
|
1531
PUT
Welltower
WELL
$163B
| $41.3M | ﹤0.01% |
222,700
-125,300
| -36% | -$23.4M |
|
1532
PUT
Capricor Therapeutics
CAPR
$228M
| $41.3M | ﹤0.01% |
1,432,000
+816,100
| +133% | +$10.7M |
|
1533
PUT
Chewy
CHWY
$9.2B
| $41.3M | ﹤0.01% |
1,249,800
-1,175,400
| -48% | -$40.8M |
|
1534
Las Vegas Sands
LVS
$29.6B
| $41.2M | ﹤0.01% |
633,076
-569,060
| -47% | -$34.9M |
|
1535
CALL
2x Bitcoin ETF
BITX
$866M
| $41.1M | ﹤0.01% |
1,483,300
-194,400
| -12% | -$7.86M |
|
1536
PUT
Baker Hughes
BKR
$64.3B
| $41.1M | ﹤0.01% |
903,200
+52,400
| +6% | +$2.48M |
|
1537
PUT
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.3B
| $41.1M | ﹤0.01% |
1,137,000
+45,400
| +4% | +$1.51M |
|
1538
Cameco
CCJ
$43B
| $41.1M | ﹤0.01% |
448,890
-1,673
| -0.4% | -$151K |
|
1539
CALL
Golar LNG
GLNG
$5.17B
| $41M | ﹤0.01% |
1,102,700
-225,500
| -17% | -$8.62M |
|
1540
Lowe's Companies
LOW
$124B
| $41M | ﹤0.01% |
170,106
-13,308
| -7% | -$3.2M |
|
1541
PUT
Bilibili
BILI
$7.53B
| $41M | ﹤0.01% |
1,668,100
-3,400
| -0.2% | -$91.5K |
|
1542
CALL
Entegris
ENTG
$23B
| $40.9M | ﹤0.01% |
485,300
+145,900
| +43% | +$12.7M |
|
1543
CALL
Whirlpool
WHR
$2.84B
| $40.7M | ﹤0.01% |
564,800
+126,200
| +29% | +$9.32M |
|
1544
CALL
Eldorado Gold
EGO
$10.2B
| $40.7M | ﹤0.01% |
1,132,500
+54,000
| +5% | +$1.62M |
|
1545
PUT
MGM Resorts International
MGM
$11.1B
| $40.6M | ﹤0.01% |
1,113,800
+254,700
| +30% | +$8.64M |
|
1546
CALL
CarMax
KMX
$8.26B
| $40.5M | ﹤0.01% |
1,048,900
+612,000
| +140% | +$24.5M |
|
1547
CALL
Equinox Gold
EQX
$13.6B
| $40.5M | ﹤0.01% |
2,885,100
-561,100
| -16% | -$7.08M |
|
1548
Union Pacific
UNP
$174B
| $40.5M | ﹤0.01% |
174,957
+121,883
| +230% | +$27.8M |
|
1549
PUT
APA Corp
APA
$14.2B
| $40.4M | ﹤0.01% |
1,653,600
+242,400
| +17% | +$5.86M |
|
|
EXE
1550
Expand Energy Corp
EXE
$22.7B
| $40.3M | ﹤0.01% |
365,525
+180,149
| +97% | +$20M |
|
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.