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 | |
|---|---|---|---|---|---|---|
1701
PUT
T. Rowe Price
TROW
$23.8B
| $33.8M | ﹤0.01% |
330,500
-7,200
| -2% | -$743K |
|
1702
PUT
Cal-Maine
CALM
$3.8B
| $33.8M | ﹤0.01% |
424,400
+197,200
| +87% | +$17.3M |
|
|
BLD
1703
PUT
DELISTED
TopBuild
BLD
| $33.8M | ﹤0.01% |
80,900
-1,100
| -1% | -$472K |
|
1704
Sun Communities
SUI
$14.4B
| $33.7M | ﹤0.01% |
272,213
+69,218
| +34% | +$8.66M |
|
|
TIGR
1705
UP Fintech Holding
TIGR
$818M
| $33.7M | ﹤0.01% |
3,525,686
-3,285,315
| -48% | -$31.4M |
|
|
CMA
1706
PUT
DELISTED
Comerica
CMA
| $33.7M | ﹤0.01% |
387,400
-201,500
| -34% | -$16.2M |
|
1707
PUT
Lithia Motors
LAD
$8.23B
| $33.7M | ﹤0.01% |
101,300
+69,300
| +217% | +$22M |
|
1708
Under Armour
UAA
$2.24B
| $33.7M | ﹤0.01% |
6,771,945
+976,128
| +17% | +$4.52M |
|
1709
PUT
WEC Energy
WEC
$35.4B
| $33.7M | ﹤0.01% |
319,100
+50,600
| +19% | +$5.6M |
|
1710
Automatic Data Processing
ADP
$106B
| $33.5M | ﹤0.01% |
130,284
-10,093
| -7% | -$2.69M |
|
1711
CALL
SentinelOne
S
$7.63B
| $33.5M | ﹤0.01% |
2,233,900
+990,200
| +80% | +$16.2M |
|
1712
CALL
Harrow
HROW
$1.49B
| $33.5M | ﹤0.01% |
683,500
+340,200
| +99% | +$14.3M |
|
1713
PUT
Century Aluminum
CENX
$4.98B
| $33.5M | ﹤0.01% |
854,800
+145,600
| +21% | +$4.55M |
|
1714
PUT
Jefferies Financial Group
JEF
$12.7B
| $33.5M | ﹤0.01% |
540,300
+319,200
| +144% | +$18.3M |
|
1715
CALL
Argan
AGX
$8.18B
| $33.5M | ﹤0.01% |
106,800
+31,800
| +42% | +$10.1M |
|
1716
CALL
Sibanye-Stillwater
SBSW
$7.57B
| $33.5M | ﹤0.01% |
2,348,200
+593,000
| +34% | +$7.18M |
|
1717
AdvisorShares Pure US Cannabis ETF
MSOS
$918M
| $33.4M | ﹤0.01% |
7,081,281
+4,076,657
| +136% | +$18.2M |
|
1718
CALL
Ambev
ABEV
$43.9B
| $33.4M | ﹤0.01% |
13,513,600
+13,119,600
| +3,330% | +$31.2M |
|
1719
CALL
Alexandria Real Estate Equities
ARE
$8.22B
| $33.4M | ﹤0.01% |
681,700
+257,400
| +61% | +$15.2M |
|
1720
PUT
Grab
GRAB
$14.8B
| $33.4M | ﹤0.01% |
6,683,800
+890,100
| +15% | +$4.92M |
|
1721
CALL
Cognizant
CTSH
$25.8B
| $33.3M | ﹤0.01% |
401,800
+148,200
| +58% | +$11.1M |
|
1722
CALL
Transocean
RIG
$6.39B
| $33.3M | ﹤0.01% |
8,071,700
+3,260,500
| +68% | +$12.7M |
|
1723
PUT
Edison International
EIX
$26.6B
| $33.3M | ﹤0.01% |
555,400
+19,400
| +4% | +$1.11M |
|
1724
CALL
Targa Resources
TRGP
$57.7B
| $33.3M | ﹤0.01% |
180,600
-47,800
| -21% | -$8.05M |
|
1725
PUT
Tyson Foods
TSN
$19.6B
| $33.3M | ﹤0.01% |
568,100
-32,100
| -5% | -$1.76M |
|
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.