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 | |
|---|---|---|---|---|---|---|
1851
CALL
POET Technologies
POET
$1.54B
| $29M | ﹤0.01% |
4,582,100
+1,244,700
| +37% | +$7.89M |
|
1852
CALL
WIX.com
WIX
$3.35B
| $29M | ﹤0.01% |
278,800
-353,400
| -56% | -$42.7M |
|
1853
PUT
Williams-Sonoma
WSM
$28.5B
| $28.9M | ﹤0.01% |
161,900
-149,000
| -48% | -$27.9M |
|
1854
CALL
CRISPR Therapeutics
CRSP
$5.22B
| $28.9M | ﹤0.01% |
550,400
-600
| -0.1% | -$35.9K |
|
1855
PUT
Pentair
PNR
$10.7B
| $28.9M | ﹤0.01% |
277,100
+269,600
| +3,595% | +$28.8M |
|
1856
CALL
Direxion Daily GOOGL Bull 2X ETF
GGLL
$958M
| $28.8M | ﹤0.01% |
297,600
+100,400
| +51% | +$8.55M |
|
1857
CALL
BJs Wholesale Club
BJ
$11.9B
| $28.7M | ﹤0.01% |
319,300
-10,900
| -3% | -$1M |
|
1858
CALL
Yum China
YUMC
$16.2B
| $28.7M | ﹤0.01% |
601,800
-159,300
| -21% | -$7.3M |
|
1859
PUT
US Global Jets ETF
JETS
$832M
| $28.7M | ﹤0.01% |
1,023,500
+484,500
| +90% | +$12.6M |
|
1860
PUT
Synchrony
SYF
$26.1B
| $28.7M | ﹤0.01% |
344,300
+176,400
| +105% | +$13.5M |
|
1861
CAVA Group
CAVA
$8.43B
| $28.7M | ﹤0.01% |
488,422
-105,669
| -18% | -$5.89M |
|
|
GRAL
1862
PUT
GRAIL Inc
GRAL
$3.05B
| $28.6M | ﹤0.01% |
334,600
+203,400
| +155% | +$17.6M |
|
|
1863
CALL
Pentair
PNR
$10.7B
| $28.6M | ﹤0.01% |
274,200
-11,500
| -4% | -$1.23M |
|
1864
CALL
Canadian Pacific Kansas City
CP
$82.6B
| $28.5M | ﹤0.01% |
387,200
-209,800
| -35% | -$15.4M |
|
|
USAR
1865
CALL
USA Rare Earth Inc
USAR
$4.55B
| $28.5M | ﹤0.01% |
2,394,900
+357,300
| +18% | +$6.81M |
|
1866
CALL
ADMA Biologics
ADMA
$2.11B
| $28.5M | ﹤0.01% |
1,562,100
+489,700
| +46% | +$8.25M |
|
|
KDK
1867
CALL
Kodiak AI
KDK
$821M
| $28.5M | ﹤0.01% |
2,606,500
+2,247,200
| +625% | +$18M |
|
1868
CALL
AES
AES
$10.5B
| $28.4M | ﹤0.01% |
1,978,000
-1,345,500
| -40% | -$19M |
|
1869
CALL
IQVIA
IQV
$39.8B
| $28.4M | ﹤0.01% |
125,800
-44,700
| -26% | -$9.73M |
|
1870
PUT
Toyota
TM
$223B
| $28.3M | ﹤0.01% |
132,200
-53,400
| -29% | -$10.8M |
|
1871
monday.com
MNDY
$3.99B
| $28.3M | ﹤0.01% |
191,625
+93,616
| +96% | +$15.8M |
|
1872
PUT
Huntington Bancshares
HBAN
$35.9B
| $28.3M | ﹤0.01% |
1,629,100
+1,242,700
| +322% | +$20.4M |
|
|
BLSH
1873
CALL
Bullish
BLSH
$4.17B
| $28.3M | ﹤0.01% |
746,000
-460,700
| -38% | -$22.4M |
|
1874
State Street SPDR S&P Retail ETF
XRT
$643M
| $28.2M | ﹤0.01% |
330,610
-17,975
| -5% | -$1.51M |
|
|
NNE
1875
CALL
Nano Nuclear Energy
NNE
$1.1B
| $28.2M | ﹤0.01% |
1,173,000
-74,800
| -6% | -$2.86M |
|
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.