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 | |
|---|---|---|---|---|---|---|
1901
PUT
Glaukos
GKOS
$11.2B
| $27.5M | ﹤0.01% |
243,800
+219,800
| +916% | +$21M |
|
1902
Marathon Petroleum
MPC
$100B
| $27.5M | ﹤0.01% |
168,801
+100,449
| +147% | +$18.8M |
|
1903
CALL
Travere Therapeutics
TVTX
$5.79B
| $27.5M | ﹤0.01% |
718,400
+298,000
| +71% | +$9.69M |
|
1904
CALL
ACM Research
ACMR
$5.65B
| $27.4M | ﹤0.01% |
695,000
-3,200
| -0.5% | -$119K |
|
1905
CALL
NEOS Nasdaq 100 High Income ETF
QQQI
$14.1B
| $27.4M | ﹤0.01% |
509,000
+375,100
| +280% | +$20.4M |
|
1906
Celsius Holdings
CELH
$7.28B
| $27.3M | ﹤0.01% |
596,347
+372,740
| +167% | +$18.8M |
|
|
FITB
1907
CALL
Fifth Third Bancorp
FITB
$52.5B
| $27.2M | ﹤0.01% |
581,900
-112,700
| -16% | -$4.96M |
|
1908
CALL
Semtech
SMTC
$12.4B
| $27.2M | ﹤0.01% |
369,400
+97,000
| +36% | +$6.88M |
|
1909
Cummins
CMI
$87B
| $27.2M | ﹤0.01% |
53,268
+25,056
| +89% | +$11.7M |
|
1910
CALL
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$594M
| $27.2M | ﹤0.01% |
547,900
-18,300
| -3% | -$1.09M |
|
1911
PUT
Sunoco
SUN
$14B
| $27.2M | ﹤0.01% |
518,500
+170,000
| +49% | +$8.98M |
|
1912
CALL
Boyd Gaming
BYD
$6.05B
| $27.1M | ﹤0.01% |
318,400
-160,400
| -34% | -$13.2M |
|
1913
e.l.f. Beauty
ELF
$5.43B
| $27.1M | ﹤0.01% |
356,150
+83,942
| +31% | +$8.26M |
|
1914
CALL
Gildan
GIL
$10.6B
| $27M | ﹤0.01% |
432,900
+423,400
| +4,457% | +$25.2M |
|
|
USAR
1915
PUT
USA Rare Earth Inc
USAR
$4.55B
| $27M | ﹤0.01% |
2,267,900
+666,300
| +42% | +$12.7M |
|
|
Q
1916
Qnity Electronics Inc
Q
$29.8B
| $26.9M | ﹤0.01% |
+329,823
| New | +$28M |
|
|
SNDK
1917
Sandisk
SNDK
$223B
| $26.9M | ﹤0.01% |
113,382
+33,763
| +42% | +$6.76M |
|
1918
O'Reilly Automotive
ORLY
$74.9B
| $26.9M | ﹤0.01% |
294,840
+72,483
| +33% | +$7.08M |
|
1919
CALL
Mobileye
MBLY
$7.57B
| $26.9M | ﹤0.01% |
2,575,500
-955,900
| -27% | -$11.9M |
|
1920
CALL
Quest Diagnostics
DGX
$26.1B
| $26.8M | ﹤0.01% |
154,600
-50,100
| -24% | -$9.12M |
|
1921
CALL
IAMGOLD
IAG
$10.1B
| $26.8M | ﹤0.01% |
1,626,500
+155,400
| +11% | +$2.19M |
|
|
QXO
1922
QXO Inc
QXO
$16.1B
| $26.8M | ﹤0.01% |
1,389,143
-194,584
| -12% | -$3.73M |
|
1923
CALL
Motorola Solutions
MSI
$77B
| $26.8M | ﹤0.01% |
69,800
-105,300
| -60% | -$42.3M |
|
1924
PUT
NetEase
NTES
$78.5B
| $26.7M | ﹤0.01% |
194,100
-82,100
| -30% | -$11.7M |
|
1925
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$422M
| $26.6M | ﹤0.01% |
1,377,600
+834,200
| +154% | +$17.1M |
|
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.