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 | |
|---|---|---|---|---|---|---|
2176
CALL
iShares US Aerospace & Defense ETF
ITA
$14.9B
| $20.5M | ﹤0.01% |
95,300
-81,200
| -46% | -$17M |
|
2177
PUT
Icahn Enterprises
IEP
$5.33B
| $20.4M | ﹤0.01% |
2,708,400
+1,547,600
| +133% | +$12.5M |
|
2178
Aflac
AFL
$60.7B
| $20.4M | ﹤0.01% |
185,434
+62,878
| +51% | +$6.93M |
|
2179
CALL
abrdn Physical Palladium Shares ETF
PALL
$648M
| $20.4M | ﹤0.01% |
702,500
+130,000
| +23% | +$3.5M |
|
2180
CALL
Public Storage
PSA
$61.4B
| $20.4M | ﹤0.01% |
78,700
-27,600
| -26% | -$7.72M |
|
2181
-1x Short VIX Futures ETF
SVIX
$171M
| $20.4M | ﹤0.01% |
842,052
-408,885
| -33% | -$8.4M |
|
2182
D-Wave Quantum Inc. Common Stock
QBTS
$7.78B
| $20.4M | ﹤0.01% |
779,431
+768,323
| +6,917% | +$22.4M |
|
|
CWAN
2183
PUT
DELISTED
Clearwater Analytics
CWAN
| $20.4M | ﹤0.01% |
844,500
+602,300
| +249% | +$12.1M |
|
2184
CALL
Globant
GLOB
$1.77B
| $20.3M | ﹤0.01% |
311,000
+258,000
| +487% | +$16.2M |
|
2185
Kaspi.kz JSC
KSPI
$18.9B
| $20.3M | ﹤0.01% |
259,810
+245,939
| +1,773% | +$18.6M |
|
2186
Oneok
OKE
$58.4B
| $20.3M | ﹤0.01% |
276,023
+166,066
| +151% | +$11.8M |
|
2187
CALL
StoneCo
STNE
$2.49B
| $20.3M | ﹤0.01% |
1,370,600
-1,319,900
| -49% | -$22.1M |
|
2188
CALL
Bank OZK
OZK
$5.7B
| $20.3M | ﹤0.01% |
440,300
+136,300
| +45% | +$6.38M |
|
2189
CALL
GlobalFoundries
GFS
$28.9B
| $20.3M | ﹤0.01% |
580,200
+353,500
| +156% | +$12.6M |
|
2190
PUT
WIX.com
WIX
$3.35B
| $20.2M | ﹤0.01% |
194,900
-39,900
| -17% | -$4.82M |
|
2191
CALL
Elastic
ESTC
$8.94B
| $20.2M | ﹤0.01% |
268,400
-176,800
| -40% | -$14.4M |
|
2192
CALL
The Mosaic Company
MOS
$6.92B
| $20.2M | ﹤0.01% |
840,100
-281,700
| -25% | -$7.59M |
|
2193
Nucor
NUE
$61.8B
| $20.2M | ﹤0.01% |
124,051
+1,422
| +1% | +$214K |
|
2194
PUT
Jazz Pharmaceuticals
JAZZ
$16B
| $20.2M | ﹤0.01% |
118,900
+12,200
| +11% | +$1.87M |
|
2195
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$24.8B
| $20.2M | ﹤0.01% |
480,263
+85,542
| +22% | +$3.57M |
|
2196
Halliburton
HAL
$27.4B
| $20.2M | ﹤0.01% |
714,200
-962,493
| -57% | -$25.4M |
|
2197
CALL
ProShares Ether Strategy ETF
EETH
$54.3M
| $20.2M | ﹤0.01% |
542,500
-552,900
| -50% | -$27.6M |
|
2198
AeroVironment
AVAV
$9.59B
| $20.2M | ﹤0.01% |
83,430
+70,508
| +546% | +$22.2M |
|
2199
CALL
Erie Indemnity
ERIE
$13.4B
| $20.2M | ﹤0.01% |
70,300
+49,000
| +230% | +$14.6M |
|
2200
CALL
Sterling Infrastructure
STRL
$16.9B
| $20.1M | ﹤0.01% |
65,800
-21,300
| -24% | -$7.34M |
|
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.