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 | |
|---|---|---|---|---|---|---|
1926
PUT
Lincoln National
LNC
$8.67B
| $26.6M | ﹤0.01% |
597,200
+9,700
| +2% | +$404K |
|
1927
CALL
Northern Trust
NTRS
$34.8B
| $26.6M | ﹤0.01% |
194,400
-19,700
| -9% | -$2.59M |
|
1928
CALL
iShares National Muni Bond ETF
MUB
$45.9B
| $26.5M | ﹤0.01% |
247,700
-162,300
| -40% | -$17.4M |
|
1929
PUT
Trip.com Group
TCOM
$28.3B
| $26.5M | ﹤0.01% |
368,300
-12,900
| -3% | -$922K |
|
|
VG
1930
CALL
Venture Global Inc
VG
$33.9B
| $26.5M | ﹤0.01% |
3,880,400
+2,466,500
| +174% | +$20.5M |
|
1931
TG Therapeutics
TGTX
$7.34B
| $26.5M | ﹤0.01% |
887,451
+179,120
| +25% | +$5.85M |
|
|
ETHE
1932
CALL
Grayscale Ethereum Staking ETF Shares
ETHE
$1.53B
| $26.4M | ﹤0.01% |
1,084,100
+204,500
| +23% | +$5.81M |
|
1933
PUT
Transmedics
TMDX
$3.11B
| $26.4M | ﹤0.01% |
217,100
-137,000
| -39% | -$17.2M |
|
1934
PUT
FS KKR Capital
FSK
$3.49B
| $26.4M | ﹤0.01% |
1,780,400
+989,000
| +125% | +$15M |
|
1935
PUT
Diageo
DEO
$52.8B
| $26.3M | ﹤0.01% |
305,100
-19,800
| -6% | -$1.82M |
|
1936
SS&C Technologies
SSNC
$19.3B
| $26.3M | ﹤0.01% |
300,532
-238,406
| -44% | -$20.3M |
|
1937
PUT
BJs Wholesale Club
BJ
$11.9B
| $26.3M | ﹤0.01% |
291,600
-228,500
| -44% | -$21M |
|
1938
PUT
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.68B
| $26.2M | ﹤0.01% |
650,300
+261,200
| +67% | +$10.7M |
|
1939
CALL
Martin Marietta Materials
MLM
$32.7B
| $26.2M | ﹤0.01% |
42,100
-21,800
| -34% | -$13.6M |
|
1940
CALL
Sociedad Química y Minera de Chile
SQM
$20.6B
| $26.2M | ﹤0.01% |
380,800
+48,800
| +15% | +$2.69M |
|
1941
CALL
dLocal
DLO
$4.34B
| $26.2M | ﹤0.01% |
1,852,800
-308,100
| -14% | -$4.35M |
|
1942
PUT
C3.ai
AI
$1.58B
| $26.2M | ﹤0.01% |
1,942,200
-1,012,000
| -34% | -$16.1M |
|
1943
CALL
Texas Pacific Land
TPL
$23.9B
| $26.1M | ﹤0.01% |
91,000
-20,300
| -18% | -$6.2M |
|
1944
PUT
ATI
ATI
$30.9B
| $26.1M | ﹤0.01% |
227,500
-86,000
| -27% | -$8.38M |
|
1945
CALL
Vanguard Morningstar Mega Cap Growth ETF
MGK
$34B
| $26.1M | ﹤0.01% |
316,000
+101,500
| +47% | +$8.34M |
|
1946
Realty Income
O
$59.6B
| $26.1M | ﹤0.01% |
462,341
+279,258
| +153% | +$16.2M |
|
|
CTRA
1947
CALL
DELISTED
Coterra Energy
CTRA
| $26M | ﹤0.01% |
989,500
+83,000
| +9% | +$2.09M |
|
1948
Deere & Co
DE
$165B
| $26M | ﹤0.01% |
55,876
-18,711
| -25% | -$8.78M |
|
1949
CDW
CDW
$17.8B
| $25.9M | ﹤0.01% |
189,867
-59,844
| -24% | -$8.82M |
|
1950
PUT
Nutanix
NTNX
$18.4B
| $25.8M | ﹤0.01% |
499,900
-287,700
| -37% | -$17.6M |
|
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.