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 | |
|---|---|---|---|---|---|---|
176
CALL
American Express
AXP
$230B
| $757M | 0.09% |
2,045,600
+56,700
| +3% | +$20.3M |
|
177
PUT
ProShares UltraPro QQQ
TQQQ
$37.4B
| $756M | 0.09% |
14,336,900
+6,589,300
| +85% | +$354M |
|
|
178
JPMorgan International Research Enhanced Equity ETF
JIRE
$11.4B
| $753M | 0.09% |
10,057,946
+10,038,432
| +51,442% | +$749M |
|
179
PUT
Bank of America
BAC
$442B
| $745M | 0.09% |
13,546,000
-56,800
| -0.4% | -$3M |
|
180
PUT
iShares Core S&P 500 ETF
IVV
$904B
| $744M | 0.09% |
1,086,200
+556,200
| +105% | +$378M |
|
181
PUT
Constellation Energy
CEG
$95.6B
| $742M | 0.09% |
2,100,600
-65,300
| -3% | -$23.7M |
|
182
CALL
Arm
ARM
$302B
| $737M | 0.08% |
6,743,800
+606,200
| +10% | +$88.1M |
|
183
CALL
Lockheed Martin
LMT
$136B
| $735M | 0.08% |
1,519,000
+65,000
| +4% | +$31.1M |
|
|
184
CALL
Bank of America
BAC
$442B
| $734M | 0.08% |
13,352,900
-887,300
| -6% | -$46.9M |
|
|
185
PUT
Walmart Inc
WMT
$890B
| $727M | 0.08% |
6,529,900
-1,389,900
| -18% | -$149M |
|
186
PUT
State Street Technology Select Sector SPDR ETF
XLK
$123B
| $722M | 0.08% |
5,015,400
-319,000
| -6% | -$46.1M |
|
|
187
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $716M | 0.08% |
6,497,624
+5,956,660
| +1,101% | +$662M |
|
188
PUT
Reddit
RDDT
$31.1B
| $715M | 0.08% |
3,108,900
-633,500
| -17% | -$133M |
|
189
CALL
Nike
NKE
$61.9B
| $712M | 0.08% |
11,180,200
-2,170,200
| -16% | -$141M |
|
190
CALL
Walt Disney
DIS
$181B
| $712M | 0.08% |
6,255,000
-383,400
| -6% | -$42.2M |
|
191
CALL
Pfizer
PFE
$153B
| $710M | 0.08% |
28,496,300
+3,571,100
| +14% | +$90.1M |
|
192
PUT
SoFi Technologies
SOFI
$23.7B
| $705M | 0.08% |
26,910,100
+1,068,300
| +4% | +$29.8M |
|
193
CALL
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
| $696M | 0.08% |
12,715,800
-4,061,000
| -24% | -$216M |
|
194
PUT
Wells Fargo
WFC
$264B
| $690M | 0.08% |
7,407,500
-419,200
| -5% | -$36.4M |
|
|
195
PUT
Walt Disney
DIS
$181B
| $690M | 0.08% |
6,061,300
+1,266,100
| +26% | +$139M |
|
196
CALL
Baidu
BIDU
$37.2B
| $687M | 0.08% |
5,256,700
-4,499,100
| -46% | -$558M |
|
197
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
| $686M | 0.08% |
3,582,500
+1,102,500
| +44% | +$209M |
|
198
CALL
Super Micro Computer
SMCI
$20.1B
| $683M | 0.08% |
23,321,800
+3,238,000
| +16% | +$133M |
|
199
CALL
Intuitive Surgical
ISRG
$134B
| $677M | 0.08% |
1,195,100
+319,600
| +37% | +$170M |
|
200
CALL
Rocket Lab Corp
RKLB
$51.8B
| $677M | 0.08% |
9,701,400
-552,500
| -5% | -$31.7M |
|
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.