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 | |
|---|---|---|---|---|---|---|
3401
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.38B
| $7.64M | ﹤0.01% |
28,374
+15,277
| +117% | +$4.19M |
|
3402
CALL
Array Technologies
ARRY
$778M
| $7.63M | ﹤0.01% |
827,700
-193,300
| -19% | -$1.66M |
|
|
WAY
3403
Waystar Holding Corp
WAY
$4.75B
| $7.63M | ﹤0.01% |
233,002
-53,541
| -19% | -$1.91M |
|
3404
CALL
Aramark
ARMK
$16.4B
| $7.63M | ﹤0.01% |
207,000
-114,400
| -36% | -$4.36M |
|
3405
nVent Electric
NVT
$27.7B
| $7.63M | ﹤0.01% |
74,823
+36,101
| +93% | +$3.75M |
|
3406
CALL
Schwab US Broad Market ETF
SCHB
$45.1B
| $7.61M | ﹤0.01% |
290,000
+105,800
| +57% | +$2.75M |
|
3407
CALL
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$20.3B
| $7.59M | ﹤0.01% |
27,200
+13,400
| +97% | +$3.84M |
|
3408
CALL
Ventas
VTR
$46.9B
| $7.59M | ﹤0.01% |
98,100
+5,100
| +5% | +$385K |
|
3409
PUT
State Street SPDR S&P Insurance ETF
KIE
$684M
| $7.59M | ﹤0.01% |
126,200
-700
| -0.6% | -$41.2K |
|
|
NGD
3410
PUT
DELISTED
New Gold Inc
NGD
| $7.59M | ﹤0.01% |
871,400
+561,300
| +181% | +$4.23M |
|
3411
CALL
FIGS
FIGS
$2.44B
| $7.59M | ﹤0.01% |
668,100
+367,800
| +122% | +$3.45M |
|
3412
Sprouts Farmers Market
SFM
$7.69B
| $7.58M | ﹤0.01% |
95,176
+34,615
| +57% | +$3.11M |
|
3413
CALL
State Street SPDR S&P Dividend ETF
SDY
$22.2B
| $7.57M | ﹤0.01% |
54,400
+9,600
| +21% | +$1.34M |
|
3414
First Trust Technology AlphaDEX Fund
FXL
$2.88B
| $7.57M | ﹤0.01% |
44,977
+31,812
| +242% | +$5.39M |
|
|
ETH
3415
PUT
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.72B
| $7.56M | ﹤0.01% |
269,400
-371,100
| -58% | -$12.1M |
|
3416
Clear Channel Outdoor Holdings
CCO
$1.19B
| $7.56M | ﹤0.01% |
3,419,511
+1,717,861
| +101% | +$3.19M |
|
3417
Stride
LRN
$3.46B
| $7.55M | ﹤0.01% |
116,335
+107,562
| +1,226% | +$9.77M |
|
3418
Nutanix
NTNX
$18B
| $7.55M | ﹤0.01% |
146,129
+138,733
| +1,876% | +$8.48M |
|
3419
PUT
Boot Barn
BOOT
$4.95B
| $7.55M | ﹤0.01% |
42,800
+5,400
| +14% | +$1.01M |
|
|
KEEL
3420
PUT
Keel Infrastructure Corp
KEEL
$2.17B
| $7.55M | ﹤0.01% |
3,213,300
+346,100
| +12% | +$1.18M |
|
3421
CALL
Olin
OLN
$2.18B
| $7.55M | ﹤0.01% |
362,500
+230,400
| +174% | +$4.97M |
|
|
RSSL
3422
Global X Russell 2000 ETF
RSSL
$1.56B
| $7.55M | ﹤0.01% |
78,152
+52,205
| +201% | +$5.04M |
|
3423
T. Rowe Price
TROW
$23.6B
| $7.54M | ﹤0.01% |
73,656
+11,340
| +18% | +$1.17M |
|
|
THS
3424
PUT
DELISTED
Treehouse Foods
THS
| $7.53M | ﹤0.01% |
319,100
+304,900
| +2,147% | +$6.65M |
|
3425
Euronet Worldwide
EEFT
$2.74B
| $7.53M | ﹤0.01% |
98,893
+64,806
| +190% | +$5.05M |
|
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.