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 | |
|---|---|---|---|---|---|---|
|
NNE
2301
PUT
Nano Nuclear Energy
NNE
$1.1B
| $18.4M | ﹤0.01% |
768,200
-316,200
| -29% | -$12.1M |
|
2302
HP
HPQ
$28.6B
| $18.4M | ﹤0.01% |
826,233
-197,644
| -19% | -$5.04M |
|
|
FAZ
2303
CALL
Direxion Daily Financial Bear 3x ETF
FAZ
$84.2M
| $18.4M | ﹤0.01% |
477,500
+216,900
| +83% | +$9.12M |
|
2304
PUT
Maximus
MMS
$2.94B
| $18.3M | ﹤0.01% |
212,400
+210,200
| +9,555% | +$18M |
|
2305
Energy Fuels
UUUU
$3.64B
| $18.3M | ﹤0.01% |
1,260,737
-5,409,501
| -81% | -$91.8M |
|
2306
CALL
Alcon
ALC
$35.5B
| $18.3M | ﹤0.01% |
232,100
+170,600
| +277% | +$13.1M |
|
2307
VF Corp
VFC
$5.73B
| $18.3M | ﹤0.01% |
1,011,508
-1,068,523
| -51% | -$17.3M |
|
2308
CALL
Globe Life
GL
$13.8B
| $18.3M | ﹤0.01% |
130,700
-57,900
| -31% | -$7.84M |
|
2309
CALL
Amprius Technologies
AMPX
$1.74B
| $18.2M | ﹤0.01% |
2,311,200
+682,000
| +42% | +$7.8M |
|
2310
abrdn Physical Palladium Shares ETF
PALL
$648M
| $18.2M | ﹤0.01% |
626,590
+547,125
| +689% | +$14.7M |
|
2311
PUT
VICI Properties
VICI
$29B
| $18.2M | ﹤0.01% |
646,800
+269,600
| +71% | +$8.01M |
|
2312
Pultegroup
PHM
$24.6B
| $18.2M | ﹤0.01% |
154,973
-6,303
| -4% | -$773K |
|
2313
Comfort Systems
FIX
$60.8B
| $18.2M | ﹤0.01% |
19,469
-3,847
| -16% | -$3.55M |
|
2314
CALL
Tyler Technologies
TYL
$13B
| $18.2M | ﹤0.01% |
40,000
+25,700
| +180% | +$12.2M |
|
2315
Trane Technologies
TT
$105B
| $18.2M | ﹤0.01% |
46,651
+16,817
| +56% | +$6.96M |
|
2316
PUT
Booz Allen Hamilton
BAH
$9.43B
| $18.1M | ﹤0.01% |
215,000
-34,300
| -14% | -$3.07M |
|
2317
CALL
Diageo
DEO
$52.8B
| $18.1M | ﹤0.01% |
209,600
+97,900
| +88% | +$9.02M |
|
2318
CALL
Baxter International
BAX
$13.9B
| $18.1M | ﹤0.01% |
946,100
+554,000
| +141% | +$11.1M |
|
2319
CALL
Dave Inc
DAVE
$4.03B
| $18.1M | ﹤0.01% |
81,600
-462,200
| -85% | -$99.4M |
|
2320
PUT
Equinox Gold
EQX
$13.1B
| $18.1M | ﹤0.01% |
1,286,500
+619,700
| +93% | +$7.82M |
|
2321
NexGen Energy
NXE
$6.97B
| $18.1M | ﹤0.01% |
1,963,298
-355,897
| -15% | -$3.14M |
|
2322
CALL
Ambarella
AMBA
$3.66B
| $18.1M | ﹤0.01% |
254,900
-41,500
| -14% | -$3.35M |
|
2323
PUT
iShares MSCI India ETF
INDA
$6.58B
| $18M | ﹤0.01% |
333,100
-44,500
| -12% | -$2.4M |
|
2324
iShares Expanded Tech-Software Sector ETF
IGV
$15.2B
| $18M | ﹤0.01% |
170,310
+84,835
| +99% | +$9.33M |
|
2325
Recursion Pharmaceuticals
RXRX
$1.78B
| $18M | ﹤0.01% |
4,396,104
-993,072
| -18% | -$4.92M |
|
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.