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 | |
|---|---|---|---|---|---|---|
1626
CALL
Illinois Tool Works
ITW
$83.5B
| $36.6M | ﹤0.01% |
148,700
-31,900
| -18% | -$7.95M |
|
1627
Transocean
RIG
$6.49B
| $36.6M | ﹤0.01% |
8,867,750
-2,993,471
| -25% | -$11.6M |
|
1628
CALL
BioNTech
BNTX
$23.3B
| $36.6M | ﹤0.01% |
384,500
+93,100
| +32% | +$9.38M |
|
1629
PUT
Fluor
FLR
$7.08B
| $36.5M | ﹤0.01% |
921,600
+259,400
| +39% | +$11.5M |
|
1630
PUT
Establishment Labs
ESTA
$2.21B
| $36.4M | ﹤0.01% |
500,000
+471,100
| +1,630% | +$28.4M |
|
1631
PUT
CRISPR Therapeutics
CRSP
$5.23B
| $36.4M | ﹤0.01% |
693,900
-11,600
| -2% | -$695K |
|
1632
CALL
Molina Healthcare
MOH
$10.2B
| $36.3M | ﹤0.01% |
209,300
-38,200
| -15% | -$6.28M |
|
1633
CALL
LyondellBasell Industries
LYB
$20.7B
| $36.3M | ﹤0.01% |
838,200
-192,800
| -19% | -$8.73M |
|
1634
Workday
WDAY
$44.8B
| $36.3M | ﹤0.01% |
168,808
+44,849
| +36% | +$10.2M |
|
1635
CALL
Ferguson
FERG
$48.7B
| $36.2M | ﹤0.01% |
162,700
+47,200
| +41% | +$11.3M |
|
1636
PUT
Canadian Natural Resources
CNQ
$98.1B
| $36.2M | ﹤0.01% |
1,070,000
-50,700
| -5% | -$1.64M |
|
1637
CALL
Brinker International
EAT
$9.49B
| $36.2M | ﹤0.01% |
252,100
-79,700
| -24% | -$10.4M |
|
1638
PUT
Zions Bancorporation
ZION
$10.4B
| $36.2M | ﹤0.01% |
617,600
+433,200
| +235% | +$23.6M |
|
1639
PUT
STMicroelectronics
STM
$49.1B
| $36.1M | ﹤0.01% |
1,393,200
+571,100
| +69% | +$14.7M |
|
1640
PUT
Flutter Entertainment
FLUT
$17.2B
| $36.1M | ﹤0.01% |
167,900
+48,900
| +41% | +$11M |
|
1641
PUT
Shake Shack
SHAK
$2.9B
| $36.1M | ﹤0.01% |
444,500
+82,600
| +23% | +$7.28M |
|
1642
CALL
Sempra
SRE
$55.9B
| $36.1M | ﹤0.01% |
408,600
+132,400
| +48% | +$12.1M |
|
|
EH
1643
EHang Holdings
EH
$438M
| $36M | ﹤0.01% |
2,730,600
+957,123
| +54% | +$15.1M |
|
1644
CALL
CoStar Group
CSGP
$12.6B
| $35.9M | ﹤0.01% |
533,500
+90,600
| +20% | +$6.42M |
|
1645
CALL
EastGroup Properties
EGP
$10.8B
| $35.8M | ﹤0.01% |
201,200
+2,300
| +1% | +$409K |
|
1646
CALL
Ally Financial
ALLY
$13.4B
| $35.8M | ﹤0.01% |
791,200
-64,800
| -8% | -$2.67M |
|
1647
PUT
BioMarin Pharmaceuticals
BMRN
$13.5B
| $35.8M | ﹤0.01% |
602,900
+44,600
| +8% | +$2.43M |
|
1648
iShares MSCI China ETF
MCHI
$6.27B
| $35.8M | ﹤0.01% |
596,446
+356,213
| +148% | +$22.4M |
|
1649
PUT
TKO Group
TKO
$14.2B
| $35.7M | ﹤0.01% |
170,900
-99,400
| -37% | -$19.3M |
|
1650
CALL
Vail Resorts
MTN
$5.26B
| $35.7M | ﹤0.01% |
268,900
+170,100
| +172% | +$25M |
|
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.