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 | |
|---|---|---|---|---|---|---|
4851
PUT
Watts Water Technologies
WTS
$12.8B
| $3.04M | ﹤0.01% |
11,000
+2,300
| +26% | +$635K |
|
4852
iShares MSCI Intl Quality Factor ETF
IQLT
$14.3B
| $3.04M | ﹤0.01% |
66,803
-63,891
| -49% | -$2.86M |
|
4853
CALL
Pembina Pipeline
PBA
$28.7B
| $3.03M | ﹤0.01% |
79,700
+40,800
| +105% | +$1.57M |
|
4854
Natera
NTRA
$44.7B
| $3.03M | ﹤0.01% |
13,230
-73,398
| -85% | -$15.3M |
|
4855
First Trust RBA American Industrial Renaissance ETF
AIRR
$10.9B
| $3.03M | ﹤0.01% |
30,809
+20,104
| +188% | +$1.97M |
|
4856
Alto Ingredients
ALTO
$324M
| $3.03M | ﹤0.01% |
1,051,630
+1,014,795
| +2,755% | +$1.91M |
|
4857
Madison Square Garden
MSGE
$4.04B
| $3.03M | ﹤0.01% |
56,182
+33,498
| +148% | +$1.61M |
|
4858
CALL
Bausch Health
BHC
$2.43B
| $3.02M | ﹤0.01% |
435,100
+34,600
| +9% | +$228K |
|
4859
Fidelity Enhanced Large Cap Core ETF
FELC
$8.41B
| $3.01M | ﹤0.01% |
78,917
+52,934
| +204% | +$2M |
|
|
ORLA
4860
PUT
DELISTED
Orla Mining
ORLA
| $3.01M | ﹤0.01% |
223,600
+51,500
| +30% | +$625K |
|
4861
PUT
Northern Trust
NTRS
$35B
| $3M | ﹤0.01% |
22,000
-35,900
| -62% | -$4.71M |
|
4862
CALL
Delek Logistics
DKL
$2.87B
| $3M | ﹤0.01% |
67,300
+7,300
| +12% | +$328K |
|
4863
BOK Financial
BOKF
$8.88B
| $3M | ﹤0.01% |
25,347
-10,809
| -30% | -$1.21M |
|
|
JHG
4864
PUT
DELISTED
Janus Henderson
JHG
| $3M | ﹤0.01% |
+63,100
| New | +$2.79M |
|
|
NUAI
4865
New Era Energy & Digital Inc
NUAI
$514M
| $3M | ﹤0.01% |
+1,024,386
| New | +$4.16M |
|
4866
CALL
Avery Dennison
AVY
$13.6B
| $3M | ﹤0.01% |
16,500
+400
| +2% | +$69.2K |
|
4867
Woodward
WWD
$21.9B
| $3M | ﹤0.01% |
9,923
-21,884
| -69% | -$6.02M |
|
4868
Viasat
VSAT
$11.4B
| $3M | ﹤0.01% |
+87,051
| New | +$3.07M |
|
4869
CALL
Ameresco
AMRC
$1.48B
| $3M | ﹤0.01% |
102,300
-56,400
| -36% | -$1.98M |
|
4870
Avantis US Large Cap Equity ETF
AVLC
$1.44B
| $2.99M | ﹤0.01% |
38,079
+17,432
| +84% | +$1.35M |
|
|
ZEPP
4871
PUT
Zepp Health
ZEPP
$79.5M
| $2.99M | ﹤0.01% |
111,000
+32,800
| +42% | +$1.17M |
|
4872
CALL
Vital Farms
VITL
$468M
| $2.99M | ﹤0.01% |
93,600
+57,300
| +158% | +$2.02M |
|
|
SLI
4873
Standard Lithium
SLI
$587M
| $2.99M | ﹤0.01% |
668,487
+174,270
| +35% | +$738K |
|
4874
PUT
Dave & Buster's
PLAY
$354M
| $2.99M | ﹤0.01% |
184,300
-157,900
| -46% | -$2.64M |
|
4875
FlexShares International Quality Dividend Index Fund
IQDF
$1.17B
| $2.99M | ﹤0.01% |
98,257
-22,718
| -19% | -$667K |
|
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.