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 | |
|---|---|---|---|---|---|---|
1676
CALL
DigitalBridge
DBRG
$2.95B
| $34.7M | ﹤0.01% |
2,261,700
+1,604,100
| +244% | +$19.3M |
|
1677
CALL
M&T Bank
MTB
$36.5B
| $34.7M | ﹤0.01% |
172,100
+11,100
| +7% | +$2.12M |
|
1678
PUT
Banco Macro
BMA
$5.12B
| $34.6M | ﹤0.01% |
384,100
-165,400
| -30% | -$12.5M |
|
1679
PUT
Kohl's
KSS
$2.15B
| $34.6M | ﹤0.01% |
1,694,500
-1,471,500
| -46% | -$27.6M |
|
1680
CALL
STMicroelectronics
STM
$50.3B
| $34.5M | ﹤0.01% |
1,329,200
+811,800
| +157% | +$20.8M |
|
1681
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$552M
| $34.5M | ﹤0.01% |
166,900
-180,600
| -52% | -$31M |
|
|
PPLT
1682
PUT
abrdn Physical Platinum Shares ETF
PPLT
$2.07B
| $34.5M | ﹤0.01% |
1,848,000
+156,000
| +9% | +$2.4M |
|
1683
CALL
Canadian Natural Resources
CNQ
$98.3B
| $34.4M | ﹤0.01% |
1,017,100
-349,700
| -26% | -$11.3M |
|
1684
Cadence Design Systems
CDNS
$91.1B
| $34.3M | ﹤0.01% |
109,867
+4,433
| +4% | +$1.45M |
|
|
ETHU
1685
PUT
2x Ether ETF
ETHU
$732M
| $34.3M | ﹤0.01% |
627,300
-355,500
| -36% | -$30.1M |
|
1686
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$430M
| $34.3M | ﹤0.01% |
748,750
+2,650
| +0.4% | +$162K |
|
1687
DexCom
DXCM
$33.7B
| $34.3M | ﹤0.01% |
516,606
+336,668
| +187% | +$21.8M |
|
|
QXO
1688
PUT
QXO Inc
QXO
$16.6B
| $34.3M | ﹤0.01% |
1,776,600
+650,500
| +58% | +$12.5M |
|
1689
CALL
Uranium Energy
UEC
$5.71B
| $34.3M | ﹤0.01% |
2,934,000
+108,900
| +4% | +$1.43M |
|
1690
CALL
Franco-Nevada
FNV
$44.9B
| $34.2M | ﹤0.01% |
165,200
-75,700
| -31% | -$15.4M |
|
1691
PUT
JB Hunt Transport Services
JBHT
$25.2B
| $34.2M | ﹤0.01% |
176,100
+69,300
| +65% | +$11.9M |
|
1692
CALL
KeyCorp
KEY
$24.4B
| $34.1M | ﹤0.01% |
1,654,300
+388,700
| +31% | +$7.24M |
|
1693
CALL
XP
XP
$8.01B
| $34.1M | ﹤0.01% |
2,081,000
+1,638,200
| +370% | +$28.8M |
|
1694
Johnson Controls International
JCI
$94.7B
| $34M | ﹤0.01% |
284,249
+170,207
| +149% | +$19.5M |
|
1695
CALL
Capricor Therapeutics
CAPR
$234M
| $34M | ﹤0.01% |
1,179,400
-50,800
| -4% | -$663K |
|
1696
PUT
The Mosaic Company
MOS
$7.24B
| $34M | ﹤0.01% |
1,409,300
+351,400
| +33% | +$9.46M |
|
1697
PUT
GE HealthCare
GEHC
$32.4B
| $33.9M | ﹤0.01% |
413,500
+61,300
| +17% | +$4.78M |
|
1698
CALL
Corpay
CPAY
$26.5B
| $33.9M | ﹤0.01% |
112,600
+90,400
| +407% | +$26.2M |
|
1699
CALL
Direxion Daily NVDA Bull 2X ETF
NVDU
$612M
| $33.9M | ﹤0.01% |
287,800
-47,700
| -14% | -$5.99M |
|
1700
PUT
Capri Holdings
CPRI
$1.77B
| $33.9M | ﹤0.01% |
1,387,600
-216,200
| -13% | -$5M |
|
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.