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 | |
|---|---|---|---|---|---|---|
1751
PUT
Canadian Solar
CSIQ
$1.04B
| $32.3M | ﹤0.01% |
1,358,600
+930,700
| +218% | +$20.3M |
|
1752
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$15.2B
| $32.2M | ﹤0.01% |
305,000
-426,500
| -58% | -$46.9M |
|
1753
CALL
MKS Inc
MKSI
$20.7B
| $32.2M | ﹤0.01% |
201,700
+58,100
| +40% | +$8.62M |
|
1754
CALL
TransDigm Group
TDG
$68.9B
| $32M | ﹤0.01% |
24,100
-36,300
| -60% | -$47.6M |
|
1755
PUT
DuPont de Nemours
DD
$19.5B
| $32M | ﹤0.01% |
265,733
-59,466
| -18% | -$6.69M |
|
1756
PUT
Ambev
ABEV
$43.8B
| $32M | ﹤0.01% |
12,966,400
+12,470,700
| +2,516% | +$29.7M |
|
1757
Coupang
CPNG
$29.3B
| $32M | ﹤0.01% |
1,355,900
+286,835
| +27% | +$8.16M |
|
1758
PUT
YieldMax MSTR Option Income Strategy ETF
MSTY
$751M
| $32M | ﹤0.01% |
1,079,600
+955,740
| +772% | +$44.6M |
|
1759
Crocs
CROX
$6.36B
| $31.9M | ﹤0.01% |
373,393
-101,525
| -21% | -$8.49M |
|
1760
CALL
Fidelity National Information Services
FIS
$22.8B
| $31.9M | ﹤0.01% |
480,100
-138,000
| -22% | -$9.1M |
|
1761
CALL
ResMed
RMD
$32.9B
| $31.9M | ﹤0.01% |
132,400
+41,700
| +46% | +$10.7M |
|
1762
PUT
Joby Aviation
JOBY
$8.17B
| $31.8M | ﹤0.01% |
2,412,500
+290,100
| +14% | +$4.45M |
|
1763
CALL
Sysco
SYY
$40B
| $31.8M | ﹤0.01% |
432,000
-134,200
| -24% | -$10.2M |
|
1764
CALL
Natera
NTRA
$44.8B
| $31.8M | ﹤0.01% |
138,800
-187,800
| -58% | -$39.2M |
|
1765
CALL
Hertz
HTZ
$838M
| $31.8M | ﹤0.01% |
6,184,800
+79,400
| +1% | +$434K |
|
1766
PUT
CarMax
KMX
$8.52B
| $31.7M | ﹤0.01% |
821,600
-8,300
| -1% | -$332K |
|
1767
CALL
Huntington Ingalls Industries
HII
$12.8B
| $31.7M | ﹤0.01% |
93,100
+20,600
| +28% | +$6.39M |
|
1768
PUT
abrdn Physical Silver Shares ETF
SIVR
$4.47B
| $31.6M | ﹤0.01% |
467,300
+461,000
| +7,317% | +$24.2M |
|
1769
GlobalFoundries
GFS
$28.9B
| $31.6M | ﹤0.01% |
904,903
-1,599,274
| -64% | -$56.9M |
|
1770
PUT
Neurocrine Biosciences
NBIX
$15.3B
| $31.5M | ﹤0.01% |
222,400
+50,100
| +29% | +$7.26M |
|
1771
PUT
Summit Therapeutics
SMMT
$11.2B
| $31.5M | ﹤0.01% |
1,802,700
+411,000
| +30% | +$7.73M |
|
1772
CALL
Trump Media & Technology Group
DJT
$2.31B
| $31.5M | ﹤0.01% |
2,380,100
-1,119,500
| -32% | -$15.3M |
|
1773
CALL
TG Therapeutics
TGTX
$7.34B
| $31.5M | ﹤0.01% |
1,056,500
+270,900
| +34% | +$8.85M |
|
|
1774
PUT
Coupang
CPNG
$29.3B
| $31.5M | ﹤0.01% |
1,335,000
+558,600
| +72% | +$15.9M |
|
1775
Williams Companies
WMB
$89.3B
| $31.5M | ﹤0.01% |
523,764
+334,592
| +177% | +$20.2M |
|
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.