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 | |
|---|---|---|---|---|---|---|
1726
CALL
Alaska Air
ALK
$5.32B
| $33.2M | ﹤0.01% |
660,500
-1,233,900
| -65% | -$57M |
|
1727
PUT
Archer Aviation
ACHR
$4.76B
| $33.2M | ﹤0.01% |
4,410,000
-2,999,000
| -40% | -$28.2M |
|
1728
Cloudflare
NET
$112B
| $33.1M | ﹤0.01% |
168,141
+109,342
| +186% | +$23.1M |
|
1729
PUT
Campbell Soup
CPB
$6.75B
| $33.1M | ﹤0.01% |
1,188,700
+192,500
| +19% | +$5.79M |
|
1730
CALL
SEALSQ Corp
LAES
$579M
| $33M | ﹤0.01% |
8,731,200
+2,613,400
| +43% | +$13.3M |
|
1731
PUT
Opendoor
OPEN
$3.38B
| $33M | ﹤0.01% |
5,651,900
-5,088,050
| -47% | -$36.5M |
|
1732
PUT
TE Connectivity
TEL
$61.8B
| $32.9M | ﹤0.01% |
144,800
+115,200
| +389% | +$26.6M |
|
|
FIG
1733
Figma
FIG
$12.6B
| $32.9M | ﹤0.01% |
881,529
+556,550
| +171% | +$25.1M |
|
1734
Brighthouse Financial
BHF
$3.42B
| $32.9M | ﹤0.01% |
508,319
+330,472
| +186% | +$19.4M |
|
1735
PUT
Deutsche Bank
DB
$72.2B
| $32.9M | ﹤0.01% |
853,100
+58,900
| +7% | +$2.13M |
|
1736
PUT
Texas Pacific Land
TPL
$23.8B
| $32.9M | ﹤0.01% |
114,500
-18,100
| -14% | -$5.53M |
|
1737
PUT
UiPath
PATH
$7.88B
| $32.8M | ﹤0.01% |
2,002,600
-876,800
| -30% | -$13.6M |
|
1738
Insmed
INSM
$29.4B
| $32.8M | ﹤0.01% |
188,576
-44,530
| -19% | -$8.13M |
|
1739
PUT
Tapestry
TPR
$31B
| $32.8M | ﹤0.01% |
256,600
+103,300
| +67% | +$11.8M |
|
1740
CALL
Granite Construction
GVA
$5.52B
| $32.8M | ﹤0.01% |
284,100
-51,700
| -15% | -$5.56M |
|
1741
TeraWulf
WULF
$8.62B
| $32.7M | ﹤0.01% |
2,848,703
+2,309,911
| +429% | +$31M |
|
1742
Nextpower Inc
NXT
$15.9B
| $32.7M | ﹤0.01% |
375,484
+333,812
| +801% | +$30.3M |
|
1743
Kenvue
KVUE
$36.6B
| $32.7M | ﹤0.01% |
1,892,951
-10,831,369
| -85% | -$177M |
|
1744
Norfolk Southern
NSC
$75.2B
| $32.6M | ﹤0.01% |
112,812
+54,485
| +93% | +$15.8M |
|
1745
CALL
VanEck Oil Services ETF
OIH
$1.97B
| $32.4M | ﹤0.01% |
113,800
-89,600
| -44% | -$25.1M |
|
1746
MSCI
MSCI
$40.7B
| $32.4M | ﹤0.01% |
56,442
-6,411
| -10% | -$3.6M |
|
1747
FTAI Aviation
FTAI
$23.6B
| $32.3M | ﹤0.01% |
164,215
+140,858
| +603% | +$24M |
|
1748
Northrop Grumman
NOC
$81.7B
| $32.3M | ﹤0.01% |
56,662
+18,857
| +50% | +$10.9M |
|
1749
PUT
Sprouts Farmers Market
SFM
$7.86B
| $32.3M | ﹤0.01% |
405,400
+239,400
| +144% | +$21.5M |
|
1750
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.8B
| $32.3M | ﹤0.01% |
423,643
-156,167
| -27% | -$13.6M |
|
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.