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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2176
PUT
Starwood Property Trust
STWD
$6.09B
| $20.5M | ﹤0.01% |
1,059,700
+118,700
| +13% | +$2.39M |
|
|
PMT
2177
PUT
PennyMac Mortgage Investment
PMT
$827M
| $20.5M | ﹤0.01% |
1,673,900
+1,379,200
| +468% | +$17M |
|
2178
Royal Caribbean
RCL
$82.4B
| $20.5M | ﹤0.01% |
63,337
+26,856
| +74% | +$8.97M |
|
2179
Zscaler
ZS
$30.4B
| $20.5M | ﹤0.01% |
68,391
-490,024
| -88% | -$140M |
|
2180
iShares MSCI India ETF
INDA
$6.58B
| $20.5M | ﹤0.01% |
393,232
+327,729
| +500% | +$17.5M |
|
2181
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.7B
| $20.5M | ﹤0.01% |
303,050
-591,624
| -66% | -$38.2M |
|
2182
PUT
Cenovus Energy
CVE
$56.4B
| $20.4M | ﹤0.01% |
1,203,600
+350,100
| +41% | +$5.47M |
|
2183
CALL
Corteva
CTVA
$50.4B
| $20.4M | ﹤0.01% |
302,000
-13,400
| -4% | -$971K |
|
2184
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.7B
| $20.4M | ﹤0.01% |
148,186
+113,186
| +323% | +$15.1M |
|
2185
PUT
Vor Biopharma
VOR
$1.32B
| $20.4M | ﹤0.01% |
418,800
+415,825
| +13,977% | +$16.7M |
|
2186
SoundHound AI
SOUN
$3.32B
| $20.4M | ﹤0.01% |
1,268,023
-1,239,008
| -49% | -$16.4M |
|
2187
iShares US Home Construction ETF
ITB
$2.37B
| $20.4M | ﹤0.01% |
190,016
+87,137
| +85% | +$9.18M |
|
2188
CALL
Chemours
CC
$2.29B
| $20.4M | ﹤0.01% |
1,286,000
+1,052,000
| +450% | +$15.3M |
|
2189
CALL
Neurocrine Biosciences
NBIX
$15.9B
| $20.4M | ﹤0.01% |
145,100
+29,800
| +26% | +$4.04M |
|
|
FIGR
2190
PUT
Figure Technology Solutions
FIGR
$7.05B
| $20.4M | ﹤0.01% |
+560,000
| New | +$21.8M |
|
2191
PUT
Brookfield
BN
$111B
| $20.3M | ﹤0.01% |
443,250
+96,750
| +28% | +$4.29M |
|
2192
PUT
ProShares Short S&P500
SH
$839M
| $20.3M | ﹤0.01% |
548,200
+189,600
| +53% | +$7.31M |
|
2193
PUT
Watsco Inc
WSO
$12.8B
| $20.3M | ﹤0.01% |
50,100
+21,900
| +78% | +$9.36M |
|
2194
Bath & Body Works
BBWI
$3.76B
| $20.3M | ﹤0.01% |
786,295
+592,522
| +306% | +$17.6M |
|
2195
CALL
Argan
AGX
$8.02B
| $20.3M | ﹤0.01% |
75,000
-28,800
| -28% | -$6.6M |
|
2196
CALL
Canadian National Railway
CNI
$76.4B
| $20.2M | ﹤0.01% |
214,300
+22,300
| +12% | +$2.15M |
|
2197
PUT
BWX Technologies
BWXT
$15.8B
| $20.2M | ﹤0.01% |
109,600
-30,300
| -22% | -$4.88M |
|
2198
CALL
InterDigital
IDCC
$8.88B
| $20.2M | ﹤0.01% |
58,500
+19,800
| +51% | +$5.38M |
|
|
2199
CALL
ProShares Short S&P500
SH
$839M
| $20.2M | ﹤0.01% |
545,600
+203,600
| +60% | +$7.85M |
|
2200
CALL
Huntington Bancshares
HBAN
$36.1B
| $20.2M | ﹤0.01% |
1,166,900
-465,100
| -28% | -$7.95M |
|
Similar funds
Susquehanna International Group's Q3 2025 Portfolio in Review
As of Q3 2025, Susquehanna International Group held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.14B trimmed.
- Susquehanna International Group's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Susquehanna International Group added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Susquehanna International Group's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Susquehanna International Group fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Susquehanna International Group's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Susquehanna International Group opened 1,794 new positions and closed 2,105 in Q3 2025.
- Susquehanna International Group's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.