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 | |
|---|---|---|---|---|---|---|
2001
Edwards Lifesciences
EW
$53.4B
| $24.7M | ﹤0.01% |
289,971
+46,194
| +19% | +$3.79M |
|
2002
Cleveland-Cliffs
CLF
$6.93B
| $24.7M | ﹤0.01% |
1,861,283
+1,252,708
| +206% | +$15.8M |
|
2003
PUT
ADMA Biologics
ADMA
$2.11B
| $24.7M | ﹤0.01% |
1,354,100
+408,200
| +43% | +$6.88M |
|
2004
CALL
SL Green Realty
SLG
$4.08B
| $24.7M | ﹤0.01% |
538,400
+12,700
| +2% | +$627K |
|
2005
PUT
SentinelOne
S
$8.17B
| $24.6M | ﹤0.01% |
1,641,800
+531,400
| +48% | +$8.7M |
|
2006
PUT
Agios Pharmaceuticals
AGIO
$2B
| $24.6M | ﹤0.01% |
903,900
+736,300
| +439% | +$25.8M |
|
2007
CALL
American Water Works
AWK
$27.1B
| $24.6M | ﹤0.01% |
188,400
-26,200
| -12% | -$3.5M |
|
2008
iShares Emerging Markets Dividend ETF
DVYE
$1.21B
| $24.5M | ﹤0.01% |
787,773
-5,874
| -0.7% | -$180K |
|
2009
CALL
Match Group
MTCH
$8.56B
| $24.5M | ﹤0.01% |
760,200
-187,500
| -20% | -$6.16M |
|
2010
PUT
Alaska Air
ALK
$5.3B
| $24.5M | ﹤0.01% |
487,300
-244,900
| -33% | -$11.3M |
|
2011
CALL
Enbridge
ENB
$112B
| $24.5M | ﹤0.01% |
512,000
-312,800
| -38% | -$14.9M |
|
2012
Twilio
TWLO
$38.3B
| $24.4M | ﹤0.01% |
171,889
+62,856
| +58% | +$7.79M |
|
2013
SiteOne Landscape Supply
SITE
$4.27B
| $24.4M | ﹤0.01% |
196,208
+12,355
| +7% | +$1.56M |
|
2014
CALL
Vista Energy
VIST
$7.33B
| $24.4M | ﹤0.01% |
500,800
+290,400
| +138% | +$13.1M |
|
2015
Align Technology
ALGN
$12.5B
| $24.3M | ﹤0.01% |
155,890
-28,917
| -16% | -$4.14M |
|
2016
CALL
Plug Power
PLUG
$3.21B
| $24.3M | ﹤0.01% |
12,354,600
-2,880,500
| -19% | -$7.52M |
|
2017
Fluor
FLR
$7B
| $24.3M | ﹤0.01% |
612,358
-260,922
| -30% | -$11.5M |
|
2018
Air Products & Chemicals
APD
$68B
| $24.2M | ﹤0.01% |
97,822
+62,474
| +177% | +$15.8M |
|
|
EXK
2019
CALL
Endeavour Silver
EXK
$3.05B
| $24.2M | ﹤0.01% |
2,570,200
+2,138,100
| +495% | +$18.1M |
|
2020
CALL
Aehr Test Systems
AEHR
$4.02B
| $24.1M | ﹤0.01% |
1,195,600
+265,200
| +29% | +$6.41M |
|
2021
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.2B
| $24.1M | ﹤0.01% |
365,803
+361,228
| +7,896% | +$23.9M |
|
2022
CALL
Knight Transportation
KNX
$11.9B
| $24.1M | ﹤0.01% |
460,400
+202,900
| +79% | +$9.51M |
|
2023
CALL
Alerian MLP ETF
AMLP
$13.1B
| $24.1M | ﹤0.01% |
511,700
+376,600
| +279% | +$17.6M |
|
2024
Martin Marietta Materials
MLM
$32.7B
| $24M | ﹤0.01% |
38,554
+28,091
| +268% | +$17.5M |
|
2025
CALL
ProShares UltraPro Short Dow 30
SDOW
$185M
| $24M | ﹤0.01% |
750,100
+51,100
| +7% | +$1.73M |
|
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.