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 | |
|---|---|---|---|---|---|---|
2076
CALL
KB Home
KBH
$3.45B
| $22.6M | ﹤0.01% |
400,100
-71,400
| -15% | -$4.39M |
|
2077
CALL
Deutsche Bank
DB
$72.1B
| $22.6M | ﹤0.01% |
585,100
-170,700
| -23% | -$6.16M |
|
2078
CALL
Tractor Supply
TSCO
$18.8B
| $22.5M | ﹤0.01% |
449,800
-120,600
| -21% | -$6.49M |
|
2079
Copart
CPRT
$27.2B
| $22.5M | ﹤0.01% |
573,924
+334,029
| +139% | +$13.9M |
|
|
KEEL
2080
Keel Infrastructure Corp
KEEL
$2.04B
| $22.5M | ﹤0.01% |
9,560,674
-2,821,517
| -23% | -$9.66M |
|
2081
PUT
Franco-Nevada
FNV
$44.7B
| $22.4M | ﹤0.01% |
108,300
-5,200
| -5% | -$1.05M |
|
2082
The Mosaic Company
MOS
$6.92B
| $22.4M | ﹤0.01% |
929,478
+590,606
| +174% | +$15.9M |
|
2083
CALL
Planet Fitness
PLNT
$3.71B
| $22.3M | ﹤0.01% |
206,000
+103,800
| +102% | +$10.7M |
|
2084
CALL
GigaCloud Technology
GCT
$1.9B
| $22.3M | ﹤0.01% |
568,600
-682,700
| -55% | -$22.6M |
|
2085
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$103M
| $22.3M | ﹤0.01% |
633,000
-147,100
| -19% | -$4.6M |
|
2086
PUT
Fastenal
FAST
$58.9B
| $22.3M | ﹤0.01% |
556,300
+124,800
| +29% | +$5.25M |
|
2087
CALL
ARK Genomic Revolution ETF
ARKG
$1.78B
| $22.3M | ﹤0.01% |
770,100
+352,700
| +84% | +$10.6M |
|
2088
CALL
Clear Secure
YOU
$4.7B
| $22.3M | ﹤0.01% |
635,600
-117,600
| -16% | -$4M |
|
|
REVG
2089
DELISTED
REV Group
REVG
| $22.3M | ﹤0.01% |
366,275
+253,789
| +226% | +$14.2M |
|
2090
CALL
Gartner
IT
$11.6B
| $22.3M | ﹤0.01% |
88,200
+1,400
| +2% | +$337K |
|
2091
State Street Technology Select Sector SPDR ETF
XLK
$125B
| $22.2M | ﹤0.01% |
154,367
+56,971
| +58% | +$8.23M |
|
2092
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$306M
| $22.2M | ﹤0.01% |
635,935
+14,050
| +2% | +$472K |
|
2093
CALL
Zions Bancorporation
ZION
$10.5B
| $22.2M | ﹤0.01% |
378,400
+91,700
| +32% | +$4.99M |
|
2094
CALL
EPAM Systems
EPAM
$5.24B
| $22.1M | ﹤0.01% |
108,100
+19,200
| +22% | +$3.42M |
|
2095
Vanguard Long-Term Bond ETF
BLV
$5.73B
| $22.1M | ﹤0.01% |
+318,523
| New | +$22.5M |
|
|
CIVI
2096
DELISTED
Civitas Resources
CIVI
| $22.1M | ﹤0.01% |
814,798
-137,952
| -14% | -$3.99M |
|
2097
PUT
Scorpio Tankers
STNG
$3.93B
| $22.1M | ﹤0.01% |
434,200
-135,600
| -24% | -$7.74M |
|
2098
CALL
Ecolab
ECL
$77.4B
| $22.1M | ﹤0.01% |
84,000
-9,500
| -10% | -$2.53M |
|
2099
PUT
Valaris
VAL
$5.91B
| $22M | ﹤0.01% |
437,400
-224,000
| -34% | -$12M |
|
2100
PUT
Arrowhead Research
ARWR
$12.1B
| $22M | ﹤0.01% |
331,500
+172,000
| +108% | +$8.43M |
|
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.