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 | |
|---|---|---|---|---|---|---|
4776
Avantis US Small Cap Equity ETF
AVSC
$3.19B
| $3.19M | ﹤0.01% |
54,281
+45,428
| +513% | +$2.63M |
|
|
CVSA
4777
CALL
Covista Inc
CVSA
$4.49B
| $3.19M | ﹤0.01% |
30,800
+21,500
| +231% | +$2.46M |
|
4778
Tyler Technologies
TYL
$13.5B
| $3.18M | ﹤0.01% |
7,013
-9,963
| -59% | -$4.75M |
|
4779
Braze
BRZE
$3.26B
| $3.18M | ﹤0.01% |
92,832
+72,693
| +361% | +$2.15M |
|
|
RAL
4780
CALL
Ralliant Corp
RAL
$8B
| $3.18M | ﹤0.01% |
62,500
+47,500
| +317% | +$2.23M |
|
|
CAI
4781
CALL
Caris Life Sciences
CAI
$6.16B
| $3.18M | ﹤0.01% |
117,900
-27,500
| -19% | -$775K |
|
4782
Eagle Bancorp
EGBN
$878M
| $3.18M | ﹤0.01% |
148,451
+94,440
| +175% | +$1.82M |
|
4783
Grindr
GRND
$2.78B
| $3.18M | ﹤0.01% |
234,586
+208,031
| +783% | +$2.83M |
|
4784
CALL
Invesco S&P 500 Low Volatility ETF
SPLV
$7.23B
| $3.17M | ﹤0.01% |
44,400
+3,600
| +9% | +$259K |
|
4785
CALL
iShares MSCI Taiwan ETF
EWT
$11.5B
| $3.17M | ﹤0.01% |
49,900
-72,000
| -59% | -$4.64M |
|
4786
Adeia
ADEA
$3.29B
| $3.16M | ﹤0.01% |
183,466
+21,990
| +14% | +$326K |
|
|
TECX
4787
Tectonic Therapeutic
TECX
$682M
| $3.16M | ﹤0.01% |
+151,713
| New | +$2.82M |
|
4788
PUT
NextNav
NN
$3.36B
| $3.16M | ﹤0.01% |
190,100
-205,300
| -52% | -$2.92M |
|
4789
CALL
American Battery Technology Co
ABAT
$340M
| $3.16M | ﹤0.01% |
946,800
-697,500
| -42% | -$3.27M |
|
4790
CALL
Pilgrim's Pride
PPC
$6.64B
| $3.16M | ﹤0.01% |
81,100
+6,300
| +8% | +$242K |
|
4791
iShares MSCI France ETF
EWQ
$332M
| $3.16M | ﹤0.01% |
70,275
+49,514
| +238% | +$2.2M |
|
4792
CALL
Blue Owl Capital
OBDC
$5.78B
| $3.16M | ﹤0.01% |
254,300
-70,800
| -22% | -$900K |
|
4793
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.39B
| $3.16M | ﹤0.01% |
+5,045
| New | +$3.7M |
|
|
NGD
4794
DELISTED
New Gold Inc
NGD
| $3.16M | ﹤0.01% |
362,557
+129,952
| +56% | +$979K |
|
4795
VictoryShares US Large Cap High Div Volatility Wtd ETF
CDL
$410M
| $3.16M | ﹤0.01% |
45,863
+15,288
| +50% | +$1.05M |
|
4796
PUT
Magna International
MGA
$18.8B
| $3.16M | ﹤0.01% |
59,200
-86,000
| -59% | -$4.2M |
|
4797
CALL
Global X Defense Tech ETF
SHLD
$7.82B
| $3.16M | ﹤0.01% |
48,700
-9,700
| -17% | -$639K |
|
4798
PUT
Photronics
PLAB
$1.96B
| $3.16M | ﹤0.01% |
98,600
+76,300
| +342% | +$1.97M |
|
4799
CarMax
KMX
$8.5B
| $3.16M | ﹤0.01% |
81,656
-248,336
| -75% | -$9.93M |
|
4800
CALL
American Resources Corp
AREC
$308M
| $3.15M | ﹤0.01% |
1,270,900
+863,900
| +212% | +$2.88M |
|
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.