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 | |
|---|---|---|---|---|---|---|
2351
PUT
Fidelity National Information Services
FIS
$22.8B
| $17.5M | ﹤0.01% |
264,000
-579,000
| -69% | -$38.2M |
|
2352
PUT
Guidewire Software
GWRE
$14.4B
| $17.5M | ﹤0.01% |
87,200
+37,100
| +74% | +$8.21M |
|
2353
CALL
Ouster
OUST
$3.25B
| $17.5M | ﹤0.01% |
808,700
+139,300
| +21% | +$3.68M |
|
2354
Omnicom Group
OMC
$23.5B
| $17.5M | ﹤0.01% |
216,718
+181,004
| +507% | +$13.8M |
|
2355
iShares US Home Construction ETF
ITB
$2.37B
| $17.5M | ﹤0.01% |
181,677
-8,339
| -4% | -$842K |
|
2356
CALL
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.38B
| $17.5M | ﹤0.01% |
27,908
+13,332
| +91% | +$9.79M |
|
2357
PUT
Mid-America Apartment Communities
MAA
$15.4B
| $17.5M | ﹤0.01% |
125,700
-60,200
| -32% | -$8.02M |
|
|
PR
2358
CALL
Permian Resources
PR
$18B
| $17.4M | ﹤0.01% |
1,241,600
+7,600
| +0.6% | +$102K |
|
2359
PUT
Kratos Defense & Security Solutions
KTOS
$11.8B
| $17.4M | ﹤0.01% |
228,900
-576,400
| -72% | -$47.2M |
|
2360
CALL
Nektar Therapeutics
NKTR
$2.57B
| $17.4M | ﹤0.01% |
410,600
+99,600
| +32% | +$5.57M |
|
2361
Tapestry
TPR
$25.9B
| $17.3M | ﹤0.01% |
135,684
-60,938
| -31% | -$6.97M |
|
2362
PUT
BILL Holdings
BILL
$4.85B
| $17.3M | ﹤0.01% |
317,500
-593,200
| -65% | -$30.5M |
|
2363
Moody's
MCO
$82.8B
| $17.3M | ﹤0.01% |
33,891
-19,982
| -37% | -$9.75M |
|
2364
Zillow
ZG
$7.53B
| $17.3M | ﹤0.01% |
253,590
-314,118
| -55% | -$22.1M |
|
2365
PUT
Sable Offshore Corp
SOC
$773M
| $17.3M | ﹤0.01% |
1,917,600
-2,149,500
| -53% | -$20.3M |
|
2366
PUT
Amcor
AMCR
$21.4B
| $17.3M | ﹤0.01% |
414,400
+347,760
| +522% | +$14.3M |
|
2367
CALL
Global X Copper Miners ETF NEW
COPX
$7.97B
| $17.2M | ﹤0.01% |
240,100
-166,300
| -41% | -$10.7M |
|
2368
CALL
Cenovus Energy
CVE
$56.4B
| $17.2M | ﹤0.01% |
1,018,200
-1,242,600
| -55% | -$21.6M |
|
2369
Cardinal Health
CAH
$54.5B
| $17.2M | ﹤0.01% |
83,762
+5,693
| +7% | +$1.07M |
|
2370
CALL
Lithia Motors
LAD
$8.32B
| $17.2M | ﹤0.01% |
51,700
+45,700
| +762% | +$14.5M |
|
2371
C3.ai
AI
$1.58B
| $17.2M | ﹤0.01% |
1,273,280
-2,030,540
| -61% | -$32.4M |
|
2372
Fidelity Total Bond ETF
FBND
$27.4B
| $17.1M | ﹤0.01% |
+371,856
| New | +$17.3M |
|
2373
LyondellBasell Industries
LYB
$20.3B
| $17.1M | ﹤0.01% |
394,876
+318,586
| +418% | +$14.4M |
|
2374
PUT
Dave Inc
DAVE
$4.03B
| $17.1M | ﹤0.01% |
77,200
-181,100
| -70% | -$39M |
|
2375
CALL
Dover
DOV
$28B
| $17.1M | ﹤0.01% |
87,500
-100,200
| -53% | -$18.3M |
|
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.