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 | |
|---|---|---|---|---|---|---|
1576
PUT
SL Green Realty
SLG
$3.95B
| $39.1M | ﹤0.01% |
853,100
+625,600
| +275% | +$30.9M |
|
1577
CALL
TotalEnergies
TTE
$195B
| $39M | ﹤0.01% |
596,900
+199,400
| +50% | +$12.6M |
|
1578
Global E Online
GLBE
$6.86B
| $39M | ﹤0.01% |
991,958
-284,084
| -22% | -$10.5M |
|
1579
PUT
Transocean
RIG
$6.49B
| $38.9M | ﹤0.01% |
9,423,800
-1,000,100
| -10% | -$3.88M |
|
1580
CALL
Ares Capital
ARCC
$14.3B
| $38.8M | ﹤0.01% |
1,918,100
+505,100
| +36% | +$10.2M |
|
|
SPYM
1581
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
| $38.8M | ﹤0.01% |
483,135
+112,378
| +30% | +$8.94M |
|
1582
CALL
Lumen
LUMN
$6.58B
| $38.7M | ﹤0.01% |
4,984,000
+20,200
| +0.4% | +$166K |
|
1583
PUT
Direxion Daily Regional Banks Bull 3X ETF
DPST
$400M
| $38.7M | ﹤0.01% |
382,900
-261,800
| -41% | -$24.6M |
|
|
PPTA
1584
CALL
Perpetua Resources
PPTA
$3.18B
| $38.7M | ﹤0.01% |
1,597,700
+54,500
| +4% | +$1.34M |
|
1585
PUT
Centene
CNC
$32.1B
| $38.6M | ﹤0.01% |
937,700
-2,385,000
| -72% | -$89.3M |
|
1586
Ferrari
RACE
$72.1B
| $38.6M | ﹤0.01% |
104,389
+103,571
| +12,661% | +$41.4M |
|
1587
PUT
Caesars Entertainment
CZR
$6.06B
| $38.6M | ﹤0.01% |
1,648,500
-1,332,700
| -45% | -$30M |
|
1588
PUT
Sharplink Inc
SBET
$1.35B
| $38.5M | ﹤0.01% |
4,305,100
-2,170,100
| -34% | -$26.5M |
|
|
P
1589
PUT
Everpure Inc
P
$36.4B
| $38.4M | ﹤0.01% |
573,400
+81,900
| +17% | +$6.84M |
|
1590
CALL
iShares MSCI Canada ETF
EWC
$6.48B
| $38.4M | ﹤0.01% |
712,300
-166,100
| -19% | -$8.59M |
|
1591
PUT
Hecla Mining
HL
$11.9B
| $38.4M | ﹤0.01% |
1,999,600
+701,300
| +54% | +$10.7M |
|
1592
CALL
BILL Holdings
BILL
$4.93B
| $38.4M | ﹤0.01% |
703,400
-1,589,500
| -69% | -$81.7M |
|
1593
PUT
2x Bitcoin ETF
BITX
$866M
| $38.3M | ﹤0.01% |
1,381,600
-998,200
| -42% | -$40.4M |
|
1594
PUT
BHP
BHP
$229B
| $38.2M | ﹤0.01% |
632,500
-28,000
| -4% | -$1.59M |
|
1595
PUT
Arthur J. Gallagher & Co
AJG
$65B
| $38.1M | ﹤0.01% |
147,400
+53,900
| +58% | +$14.3M |
|
1596
Vertex Pharmaceuticals
VRTX
$134B
| $38.1M | ﹤0.01% |
84,096
+16,413
| +24% | +$7.07M |
|
1597
Lyft
LYFT
$6.64B
| $38.1M | ﹤0.01% |
1,968,223
+329,892
| +20% | +$6.86M |
|
|
1598
PUT
Ares Capital
ARCC
$14.3B
| $38.1M | ﹤0.01% |
1,883,300
+1,123,600
| +148% | +$22.7M |
|
1599
ON Semiconductor
ON
$31.6B
| $38.1M | ﹤0.01% |
703,176
+27,836
| +4% | +$1.43M |
|
|
1600
CALL
Sharplink Inc
SBET
$1.35B
| $38.1M | ﹤0.01% |
4,257,500
+814,700
| +24% | +$9.95M |
|
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.