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 | |
|---|---|---|---|---|---|---|
3476
Invesco DB US Dollar Index Bullish Fund
UUP
$413M
| $7.29M | ﹤0.01% |
269,556
+114,683
| +74% | +$3.2M |
|
3477
ProShares Ultra QQQ
QLD
$14.4B
| $7.28M | ﹤0.01% |
103,426
+54,316
| +111% | +$3.85M |
|
3478
CALL
Kinsale Capital Group
KNSL
$8.64B
| $7.27M | ﹤0.01% |
18,600
+4,300
| +30% | +$1.75M |
|
3479
CALL
Evergy
EVRG
$19.4B
| $7.27M | ﹤0.01% |
100,300
-11,100
| -10% | -$842K |
|
|
DQ
3480
PUT
Daqo New Energy
DQ
$991M
| $7.27M | ﹤0.01% |
246,300
-29,100
| -11% | -$888K |
|
3481
CALL
Direxion Daily Technology Bear 3x ETF
TECS
$59.6M
| $7.26M | ﹤0.01% |
42,000
+27,290
| +186% | +$4.82M |
|
3482
Loar Holdings
LOAR
$7.25B
| $7.26M | ﹤0.01% |
106,722
+2,346
| +2% | +$171K |
|
3483
PUT
Hycroft Mining Holding Corp
HYMC
$2.52B
| $7.26M | ﹤0.01% |
305,300
+270,200
| +770% | +$2.99M |
|
3484
PUT
IMAX
IMAX
$2.9B
| $7.24M | ﹤0.01% |
195,900
+143,000
| +270% | +$4.99M |
|
3485
MoonLake Immunotherapeutics
MLTX
$1.4B
| $7.24M | ﹤0.01% |
549,236
+354,495
| +182% | +$4.18M |
|
3486
iShares US Aerospace & Defense ETF
ITA
$15.1B
| $7.24M | ﹤0.01% |
33,711
-7,332
| -18% | -$1.53M |
|
3487
PUT
Alerian MLP ETF
AMLP
$13.2B
| $7.24M | ﹤0.01% |
153,900
+3,800
| +3% | +$178K |
|
3488
ImmunityBio
IBRX
$8.02B
| $7.24M | ﹤0.01% |
3,654,499
+1,011,845
| +38% | +$2.29M |
|
3489
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
| $7.23M | ﹤0.01% |
28,898
+23,413
| +427% | +$5.88M |
|
3490
CALL
VanEck Pharmaceutical ETF
PPH
$985M
| $7.22M | ﹤0.01% |
70,000
+60,300
| +622% | +$5.87M |
|
|
TE
3491
PUT
T1 Energy
TE
$1.51B
| $7.21M | ﹤0.01% |
1,079,100
+1,038,800
| +2,578% | +$4.58M |
|
3492
PUT
Vanguard Morningstar Small-Cap ETF
VB
$83.6B
| $7.2M | ﹤0.01% |
27,900
+15,500
| +125% | +$3.97M |
|
|
MBX
3493
PUT
MBX Biosciences
MBX
$3.3B
| $7.19M | ﹤0.01% |
228,000
-258,800
| -53% | -$6.28M |
|
3494
KraneShares Public-Private Emerging Markets Internet and Technology ETF
KEMQ
$26.2M
| $7.19M | ﹤0.01% |
291,505
-259,727
| -47% | -$6.76M |
|
3495
Rollins
ROL
$17.4B
| $7.18M | ﹤0.01% |
119,576
+70,668
| +144% | +$4.15M |
|
3496
Lennox International
LII
$14.6B
| $7.18M | ﹤0.01% |
14,777
-799
| -5% | -$400K |
|
3497
CALL
Schwab US Large-Cap Growth ETF
SCHG
$62.9B
| $7.17M | ﹤0.01% |
219,800
-84,200
| -28% | -$2.74M |
|
3498
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $7.16M | ﹤0.01% |
154,729
+64,182
| +71% | +$2.94M |
|
3499
PUT
Murphy Oil
MUR
$4.96B
| $7.15M | ﹤0.01% |
228,900
-494,800
| -68% | -$14.9M |
|
3500
PUT
Saia
SAIA
$10.3B
| $7.15M | ﹤0.01% |
21,900
-18,500
| -46% | -$5.59M |
|
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.