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 | |
|---|---|---|---|---|---|---|
4551
CALL
Avantor
AVTR
$9.24B
| $3.64M | ﹤0.01% |
317,300
-26,900
| -8% | -$331K |
|
4552
CALL
Kymera Therapeutics
KYMR
$9.76B
| $3.63M | ﹤0.01% |
46,700
-43,900
| -48% | -$2.96M |
|
|
P
4553
Everpure Inc
P
$39.3B
| $3.63M | ﹤0.01% |
54,203
-194,106
| -78% | -$16.2M |
|
4554
Viridian Therapeutics
VRDN
$2.5B
| $3.63M | ﹤0.01% |
116,524
+78,884
| +210% | +$2.16M |
|
|
BMNU
4555
CALL
T-REX 2X Long BMNR Daily Target ETF
BMNU
$231M
| $3.63M | ﹤0.01% |
+75,840
| New | +$11.6M |
|
4556
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$773M
| $3.62M | ﹤0.01% |
45,337
+6,980
| +18% | +$547K |
|
4557
CALL
indie Semiconductor
INDI
$995M
| $3.62M | ﹤0.01% |
1,025,200
-505,600
| -33% | -$2.22M |
|
4558
Boston Beer
SAM
$1.91B
| $3.62M | ﹤0.01% |
18,530
+15,286
| +471% | +$3.15M |
|
4559
CALL
Manchester United
MANU
$4.17B
| $3.61M | ﹤0.01% |
227,000
-265,200
| -54% | -$4.28M |
|
4560
CALL
Fossil Group
FOSL
$329M
| $3.61M | ﹤0.01% |
960,000
+855,700
| +820% | +$2.41M |
|
4561
CALL
NextNav
NN
$3.36B
| $3.61M | ﹤0.01% |
216,800
-176,200
| -45% | -$2.5M |
|
4562
Lightbridge
LTBR
$317M
| $3.61M | ﹤0.01% |
285,360
-315,938
| -53% | -$6.08M |
|
4563
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$273M
| $3.61M | ﹤0.01% |
52,728
+41,759
| +381% | +$2.8M |
|
|
AL
4564
CALL
DELISTED
Air Lease Corp
AL
| $3.59M | ﹤0.01% |
55,900
+40,000
| +252% | +$2.55M |
|
|
MSTZ
4565
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$103M
| $3.59M | ﹤0.01% |
209,315
-978,588
| -82% | -$9.95M |
|
4566
PUT
Popular Inc
BPOP
$11.3B
| $3.59M | ﹤0.01% |
28,800
+21,100
| +274% | +$2.49M |
|
4567
PUT
Beyond Meat
BYND
$232M
| $3.58M | ﹤0.01% |
145,730
+72,133
| +98% | +$3.01M |
|
4568
CALL
Aquestive Therapeutics
AQST
$533M
| $3.58M | ﹤0.01% |
554,900
+398,400
| +255% | +$2.48M |
|
4569
Schwab U.S Small- Cap ETF
SCHA
$23.7B
| $3.58M | ﹤0.01% |
125,816
+34,750
| +38% | +$981K |
|
4570
PUT
Idacorp
IDA
$8.25B
| $3.58M | ﹤0.01% |
28,300
-5,000
| -15% | -$650K |
|
4571
iShares US Telecommunications ETF
IYZ
$1.23B
| $3.58M | ﹤0.01% |
105,597
+83,673
| +382% | +$2.74M |
|
4572
CALL
Keros Therapeutics
KROS
$200M
| $3.58M | ﹤0.01% |
175,800
-41,700
| -19% | -$732K |
|
|
SAIL
4573
SailPoint Inc
SAIL
$11.1B
| $3.58M | ﹤0.01% |
176,908
+62,866
| +55% | +$1.31M |
|
4574
PUT
BlackSky Technology
BKSY
$1.27B
| $3.58M | ﹤0.01% |
190,800
+141,800
| +289% | +$2.89M |
|
4575
PUT
Ryman Hospitality Properties
RHP
$7.92B
| $3.58M | ﹤0.01% |
37,800
+34,600
| +1,081% | +$3.2M |
|
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.