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 | |
|---|---|---|---|---|---|---|
3576
PUT
iShares Global Clean Energy ETF
ICLN
$2.09B
| $6.76M | ﹤0.01% |
411,400
+214,200
| +109% | +$3.57M |
|
3577
BWX Technologies
BWXT
$15.9B
| $6.76M | ﹤0.01% |
39,106
-29,058
| -43% | -$5.45M |
|
3578
CALL
NovoCure
NVCR
$1.97B
| $6.76M | ﹤0.01% |
522,600
+37,200
| +8% | +$478K |
|
3579
CALL
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $6.76M | ﹤0.01% |
31,900
-6,600
| -17% | -$1.38M |
|
3580
PUT
Crown Holdings
CCK
$12.9B
| $6.75M | ﹤0.01% |
65,600
+37,400
| +133% | +$3.64M |
|
3581
CALL
Alto Neuroscience
ANRO
$1.26B
| $6.75M | ﹤0.01% |
+379,000
| New | +$4.77M |
|
3582
CALL
NeoGenomics
NEO
$2.05B
| $6.74M | ﹤0.01% |
573,300
+239,100
| +72% | +$2.58M |
|
3583
CALL
Direxion Daily Healthcare Bull 3X ETF
CURE
$187M
| $6.74M | ﹤0.01% |
60,400
-34,100
| -36% | -$3.49M |
|
3584
Casey's General Stores
CASY
$31.3B
| $6.74M | ﹤0.01% |
12,189
+11,009
| +933% | +$6.06M |
|
3585
MicroSectors Gold Miners -3x Inverse Leveraged ETN
GDXD
$643M
| $6.74M | ﹤0.01% |
79,429
+78,052
| +5,668% | +$10.6M |
|
3586
CALL
MACOM Technology Solutions
MTSI
$24.2B
| $6.73M | ﹤0.01% |
39,300
-48,800
| -55% | -$7.75M |
|
3587
DTE Energy
DTE
$29.3B
| $6.73M | ﹤0.01% |
52,174
+9,154
| +21% | +$1.24M |
|
3588
Fortive
FTV
$18.6B
| $6.72M | ﹤0.01% |
121,717
+91,357
| +301% | +$4.74M |
|
3589
TE Connectivity
TEL
$62.6B
| $6.72M | ﹤0.01% |
29,533
-3,485
| -11% | -$806K |
|
3590
CALL
Simpson Manufacturing
SSD
$7.94B
| $6.72M | ﹤0.01% |
41,600
-1,900
| -4% | -$321K |
|
3591
NovaGold Resources
NG
$3.48B
| $6.7M | ﹤0.01% |
719,271
+493,033
| +218% | +$4.57M |
|
3592
CALL
Forward Air
FWRD
$640M
| $6.69M | ﹤0.01% |
267,600
+64,200
| +32% | +$1.44M |
|
|
AD
3593
CALL
Array Digital Infrastructure
AD
$3.11B
| $6.68M | ﹤0.01% |
124,600
-44,000
| -26% | -$2.17M |
|
3594
PUT
Sun Communities
SUI
$15B
| $6.68M | ﹤0.01% |
53,900
+20,400
| +61% | +$2.55M |
|
3595
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
| $6.68M | ﹤0.01% |
33,607
-57,546
| -63% | -$11.3M |
|
3596
United Therapeutics
UTHR
$21.4B
| $6.67M | ﹤0.01% |
13,692
-162,839
| -92% | -$75.8M |
|
3597
PUT
Eastman Chemical
EMN
$8.47B
| $6.67M | ﹤0.01% |
104,500
-44,700
| -30% | -$2.75M |
|
3598
CALL
Stride
LRN
$3.46B
| $6.67M | ﹤0.01% |
102,700
-64,000
| -38% | -$5.81M |
|
3599
CALL
Zimmer Biomet
ZBH
$19.2B
| $6.66M | ﹤0.01% |
74,100
+1,900
| +3% | +$180K |
|
3600
PUT
Power Integrations
POWI
$3.51B
| $6.66M | ﹤0.01% |
+187,400
| New | +$7.1M |
|
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.