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 | |
|---|---|---|---|---|---|---|
2451
PUT
Sony
SONY
$138B
| $16.2M | ﹤0.01% |
632,400
+161,600
| +34% | +$4.54M |
|
2452
Sharplink Inc
SBET
$1.37B
| $16.2M | ﹤0.01% |
1,810,344
-2,777,538
| -61% | -$33.9M |
|
2453
CALL
Hawaiian Electric Industries
HE
$2.06B
| $16.2M | ﹤0.01% |
1,314,800
-130,600
| -9% | -$1.51M |
|
2454
PUT
AES
AES
$10.5B
| $16.1M | ﹤0.01% |
1,125,700
-1,188,900
| -51% | -$16.8M |
|
2455
CALL
Logitech
LOGI
$15B
| $16.1M | ﹤0.01% |
161,000
+49,700
| +45% | +$5.59M |
|
2456
PACS Group
PACS
$7.2B
| $16.1M | ﹤0.01% |
420,218
+309,006
| +278% | +$6.78M |
|
2457
CALL
JFrog
FROG
$11.5B
| $16.1M | ﹤0.01% |
258,000
+122,700
| +91% | +$6.98M |
|
2458
PUT
Urban Outfitters
URBN
$6.63B
| $16.1M | ﹤0.01% |
213,600
-31,400
| -13% | -$2.22M |
|
|
VSXY
2459
PUT
Victoria's Secret
VSXY
$7.39B
| $16.1M | ﹤0.01% |
296,700
-95,800
| -24% | -$3.81M |
|
2460
CALL
Ralph Lauren
RL
$23.6B
| $16.1M | ﹤0.01% |
45,400
-57,300
| -56% | -$19.5M |
|
2461
PUT
KE Holdings
BEKE
$19.2B
| $16M | ﹤0.01% |
1,017,900
-178,700
| -15% | -$3.07M |
|
2462
Diageo
DEO
$52.8B
| $16M | ﹤0.01% |
185,824
+30,591
| +20% | +$2.82M |
|
2463
GitLab
GTLB
$7.32B
| $16M | ﹤0.01% |
426,916
-2,062,794
| -83% | -$89.3M |
|
|
SGI
2464
CALL
Somnigroup International
SGI
$13.5B
| $16M | ﹤0.01% |
179,300
+18,500
| +12% | +$1.62M |
|
2465
PUT
Check Point Software Technologies
CHKP
$13.2B
| $16M | ﹤0.01% |
86,200
+8,600
| +11% | +$1.66M |
|
2466
NetApp
NTAP
$40.2B
| $16M | ﹤0.01% |
149,272
+87,252
| +141% | +$9.96M |
|
2467
CALL
iShares TIPS Bond ETF
TIP
$14.7B
| $16M | ﹤0.01% |
145,300
+15,500
| +12% | +$1.72M |
|
2468
iShares US Real Estate ETF
IYR
$4.58B
| $16M | ﹤0.01% |
170,072
+20,647
| +14% | +$1.97M |
|
2469
CALL
Compass
COMP
$10.2B
| $16M | ﹤0.01% |
1,509,800
+574,500
| +61% | +$5.24M |
|
|
PPTA
2470
PUT
Perpetua Resources
PPTA
$3.1B
| $15.9M | ﹤0.01% |
658,800
+217,200
| +49% | +$5.34M |
|
2471
Herbalife
HLF
$1.23B
| $15.9M | ﹤0.01% |
1,236,268
+410,876
| +50% | +$4.35M |
|
2472
CALL
Tidewater
TDW
$4.56B
| $15.9M | ﹤0.01% |
315,000
+68,300
| +28% | +$3.61M |
|
2473
Shift4
FOUR
$3.79B
| $15.9M | ﹤0.01% |
252,395
-173,060
| -41% | -$12.2M |
|
2474
CALL
ProShares Ultra S&P500
SSO
$8.51B
| $15.9M | ﹤0.01% |
273,800
-172,600
| -39% | -$9.88M |
|
2475
CALL
Millicom
TIGO
$15.8B
| $15.8M | ﹤0.01% |
285,500
+23,200
| +9% | +$1.17M |
|
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.