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 | |
|---|---|---|---|---|---|---|
|
CMA
1876
DELISTED
Comerica
CMA
| $28.2M | ﹤0.01% |
323,913
+159,674
| +97% | +$12.9M |
|
1877
PUT
Crown Castle
CCI
$32.2B
| $28.1M | ﹤0.01% |
316,300
+18,900
| +6% | +$1.74M |
|
1878
CALL
AGNC Investment
AGNC
$13B
| $28.1M | ﹤0.01% |
2,619,400
-903,300
| -26% | -$9.29M |
|
1879
CALL
Unilever
UL
$135B
| $28.1M | ﹤0.01% |
429,200
+173,022
| +68% | +$11.6M |
|
|
SA
1880
CALL
Seabridge Gold
SA
$3.46B
| $28M | ﹤0.01% |
947,200
+617,100
| +187% | +$16.2M |
|
1881
CALL
ArcelorMittal
MT
$55.2B
| $28M | ﹤0.01% |
613,700
+266,800
| +77% | +$11M |
|
1882
Roivant Sciences
ROIV
$26.2B
| $27.9M | ﹤0.01% |
1,286,197
+827,608
| +180% | +$16.3M |
|
1883
CALL
Pagaya Technologies
PGY
$1.79B
| $27.9M | ﹤0.01% |
1,335,300
+448,700
| +51% | +$11.4M |
|
1884
PUT
XPO
XPO
$24.7B
| $27.9M | ﹤0.01% |
205,300
+73,500
| +56% | +$10M |
|
1885
NVR
NVR
$17B
| $27.9M | ﹤0.01% |
3,826
+2,159
| +130% | +$16.1M |
|
1886
CALL
APi Group
APG
$18.8B
| $27.9M | ﹤0.01% |
728,900
+385,050
| +112% | +$14.2M |
|
1887
iShares MSCI South Korea ETF
EWY
$27.6B
| $27.9M | ﹤0.01% |
+286,734
| New | +$26.2M |
|
1888
CALL
OR Royalties Inc
OR
$6.15B
| $27.9M | ﹤0.01% |
787,300
+536,100
| +213% | +$18.8M |
|
1889
PUT
BigBear.ai
BBAI
$1.6B
| $27.8M | ﹤0.01% |
5,151,800
+2,644,100
| +105% | +$17.3M |
|
1890
PUT
Bath & Body Works
BBWI
$3.76B
| $27.8M | ﹤0.01% |
1,384,000
-1,908,900
| -58% | -$42.1M |
|
1891
Humana
HUM
$46.2B
| $27.8M | ﹤0.01% |
108,418
-171,193
| -61% | -$44.9M |
|
1892
CALL
Iron Mountain
IRM
$37.7B
| $27.7M | ﹤0.01% |
334,500
+25,900
| +8% | +$2.42M |
|
1893
CALL
Omnicom Group
OMC
$24.2B
| $27.7M | ﹤0.01% |
343,100
+292,400
| +577% | +$22.3M |
|
1894
CALL
Insulet
PODD
$10.2B
| $27.7M | ﹤0.01% |
97,300
-9,900
| -9% | -$3.1M |
|
|
BULL
1895
PUT
Webull Corp
BULL
$4.23B
| $27.6M | ﹤0.01% |
3,557,600
-157,600
| -4% | -$1.58M |
|
1896
McKesson
MCK
$99.9B
| $27.6M | ﹤0.01% |
33,652
+11,972
| +55% | +$9.77M |
|
1897
Chubb
CB
$133B
| $27.6M | ﹤0.01% |
88,411
+33,252
| +60% | +$9.72M |
|
1898
SiriusXM
SIRI
$9.43B
| $27.6M | ﹤0.01% |
1,379,627
+732,522
| +113% | +$15.7M |
|
1899
CALL
Clorox
CLX
$12.9B
| $27.5M | ﹤0.01% |
273,200
-87,300
| -24% | -$9.48M |
|
1900
Petrobras
PBR
$115B
| $27.5M | ﹤0.01% |
2,323,782
+1,082,026
| +87% | +$13.2M |
|
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.