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 | |
|---|---|---|---|---|---|---|
2201
argenx
ARGX
$53.6B
| $20.1M | ﹤0.01% |
+23,959
| New | +$20.5M |
|
2202
PUT
F5
FFIV
$23.6B
| $20.1M | ﹤0.01% |
78,900
+45,000
| +133% | +$12.1M |
|
2203
CALL
Albertsons Companies
ACI
$6.02B
| $20.1M | ﹤0.01% |
1,172,500
-317,500
| -21% | -$5.66M |
|
2204
CALL
Lamb Weston
LW
$7.39B
| $20.1M | ﹤0.01% |
480,500
-320,400
| -40% | -$18.9M |
|
2205
Ecolab
ECL
$77.4B
| $20.1M | ﹤0.01% |
76,666
+46,977
| +158% | +$12.5M |
|
2206
PUT
MasTec
MTZ
$23B
| $20.1M | ﹤0.01% |
92,500
-122,700
| -57% | -$25.7M |
|
2207
Intuitive Machines
LUNR
$2.82B
| $20.1M | ﹤0.01% |
1,238,384
-578,774
| -32% | -$6.7M |
|
2208
PUT
Paycom
PAYC
$10.1B
| $20M | ﹤0.01% |
125,700
-11,000
| -8% | -$1.95M |
|
2209
CALL
iShares MSCI China ETF
MCHI
$6.14B
| $20M | ﹤0.01% |
332,700
-225,800
| -40% | -$14.2M |
|
2210
Vanguard Morningstar Total Stock Market ETF
VTI
$696B
| $20M | ﹤0.01% |
+59,571
| New | +$19.8M |
|
2211
PUT
Insulet
PODD
$10.2B
| $20M | ﹤0.01% |
70,200
-152,300
| -68% | -$47.6M |
|
2212
CALL
Rush Street Interactive
RSI
$2.85B
| $19.9M | ﹤0.01% |
1,026,200
+311,000
| +43% | +$5.75M |
|
2213
CALL
Omeros
OMER
$1.26B
| $19.9M | ﹤0.01% |
1,159,600
+604,100
| +109% | +$5.2M |
|
2214
D.R. Horton
DHI
$41.9B
| $19.9M | ﹤0.01% |
138,264
-108,841
| -44% | -$16.6M |
|
2215
PUT
Quest Diagnostics
DGX
$26.1B
| $19.9M | ﹤0.01% |
114,400
-157,000
| -58% | -$28.6M |
|
2216
Equinix
EQIX
$106B
| $19.9M | ﹤0.01% |
25,909
+10,749
| +71% | +$8.43M |
|
2217
CALL
Eastman Chemical
EMN
$8.43B
| $19.8M | ﹤0.01% |
310,200
+180,100
| +138% | +$11.1M |
|
|
BNY
2218
Bank of New York Mellon
BNY
$110B
| $19.8M | ﹤0.01% |
170,557
-42,314
| -20% | -$4.68M |
|
2219
Dutch Bros
BROS
$8.93B
| $19.8M | ﹤0.01% |
323,375
-281,640
| -47% | -$16M |
|
2220
PUT
GSK
GSK
$101B
| $19.8M | ﹤0.01% |
403,400
-241,900
| -37% | -$11.3M |
|
2221
PUT
Baxter International
BAX
$14B
| $19.8M | ﹤0.01% |
1,034,800
-470,300
| -31% | -$9.41M |
|
2222
CALL
Old Dominion Freight Line
ODFL
$44.7B
| $19.8M | ﹤0.01% |
126,100
-154,800
| -55% | -$22.2M |
|
2223
CALL
Polaris
PII
$3.91B
| $19.8M | ﹤0.01% |
312,600
-11,100
| -3% | -$731K |
|
2224
PUT
DigitalOcean
DOCN
$15.6B
| $19.8M | ﹤0.01% |
410,800
+64,700
| +19% | +$2.85M |
|
|
SPYM
2225
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $19.7M | ﹤0.01% |
246,000
-10,400
| -4% | -$827K |
|
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.