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 | |
|---|---|---|---|---|---|---|
2251
PUT
Keysight
KEYS
$60.6B
| $19.3M | ﹤0.01% |
95,200
-71,600
| -43% | -$13.3M |
|
2252
Alexandria Real Estate Equities
ARE
$8.27B
| $19.3M | ﹤0.01% |
395,158
+346,894
| +719% | +$20.4M |
|
2253
Dover
DOV
$28B
| $19.3M | ﹤0.01% |
99,036
+911
| +0.9% | +$166K |
|
2254
PUT
ProShares UltraShort S&P500
SDS
$365M
| $19.3M | ﹤0.01% |
282,300
+229,300
| +433% | +$16.2M |
|
2255
CALL
ProShares UltraPro Dow 30
UDOW
$930M
| $19.3M | ﹤0.01% |
333,400
+136,800
| +70% | +$7.65M |
|
2256
PUT
NetApp
NTAP
$39.6B
| $19.3M | ﹤0.01% |
180,100
-16,300
| -8% | -$1.86M |
|
2257
Sprott Physical Gold
PHYS
$15.7B
| $19.3M | ﹤0.01% |
583,129
+381,991
| +190% | +$12.1M |
|
2258
APA Corp
APA
$14B
| $19.3M | ﹤0.01% |
787,110
+424,749
| +117% | +$10.3M |
|
2259
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $19.2M | ﹤0.01% |
358,035
-36,900
| -9% | -$2M |
|
2260
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $19.2M | ﹤0.01% |
620,058
+480,120
| +343% | +$15M |
|
2261
PUT
ProShares Ultra Gold
UGL
$792M
| $19.2M | ﹤0.01% |
345,700
+265,000
| +328% | +$13.9M |
|
2262
PUT
Coeur Mining
CDE
$19B
| $19.2M | ﹤0.01% |
1,074,200
+548,900
| +104% | +$9.54M |
|
2263
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $19.1M | ﹤0.01% |
306,324
+143,007
| +88% | +$8.76M |
|
2264
WIX.com
WIX
$3.35B
| $19.1M | ﹤0.01% |
+184,062
| New | +$22.3M |
|
2265
CALL
InterDigital
IDCC
$9.07B
| $19.1M | ﹤0.01% |
59,900
+1,400
| +2% | +$495K |
|
2266
CALL
Western Alliance Bancorporation
WAL
$8.92B
| $19.1M | ﹤0.01% |
226,800
-310,000
| -58% | -$25.2M |
|
2267
CALL
Sonos
SONO
$1.86B
| $19.1M | ﹤0.01% |
1,085,600
+827,000
| +320% | +$14.4M |
|
2268
PUT
Arch Capital
ACGL
$33.2B
| $19M | ﹤0.01% |
198,600
+119,100
| +150% | +$10.9M |
|
2269
CALL
West Pharmaceutical
WST
$24.8B
| $19M | ﹤0.01% |
69,200
-13,900
| -17% | -$3.8M |
|
2270
CALL
Bitwise Bitcoin ETF
BITB
$2.43B
| $19M | ﹤0.01% |
399,500
+189,900
| +91% | +$10.3M |
|
|
TERN
2271
CALL
DELISTED
Terns Pharmaceuticals
TERN
| $19M | ﹤0.01% |
469,600
+299,300
| +176% | +$6.92M |
|
2272
Gildan
GIL
$10.6B
| $19M | ﹤0.01% |
303,611
+297,706
| +5,042% | +$17.7M |
|
2273
CALL
Woodward
WWD
$21.4B
| $19M | ﹤0.01% |
62,700
-19,800
| -24% | -$5.45M |
|
2274
PUT
M&T Bank
MTB
$36.6B
| $18.9M | ﹤0.01% |
94,000
+4,600
| +5% | +$879K |
|
2275
CALL
Doximity
DOCS
$4.74B
| $18.9M | ﹤0.01% |
427,100
-114,100
| -21% | -$6.41M |
|
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.