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 | |
|---|---|---|---|---|---|---|
4876
Iridium Communications
IRDM
$5.32B
| $2.99M | ﹤0.01% |
171,762
-67,602
| -28% | -$1.19M |
|
4877
Rapid7
RPD
$876M
| $2.98M | ﹤0.01% |
196,366
+22,589
| +13% | +$372K |
|
4878
PUT
Prothena Corp
PRTA
$455M
| $2.98M | ﹤0.01% |
312,500
-427,800
| -58% | -$4.36M |
|
4879
CALL
Vanguard Tax-Exempt Bond Index Fund
VTEB
$46B
| $2.98M | ﹤0.01% |
59,300
+24,500
| +70% | +$1.23M |
|
4880
WisdomTree Artificial Intelligence and Innovation Fund
WTAI
$692M
| $2.98M | ﹤0.01% |
102,315
-9,811
| -9% | -$293K |
|
4881
CALL
Descartes Systems
DSGX
$6.62B
| $2.98M | ﹤0.01% |
34,000
+30,400
| +844% | +$2.72M |
|
|
WW
4882
PUT
WW International
WW
$141M
| $2.98M | ﹤0.01% |
102,000
+30,300
| +42% | +$847K |
|
4883
PUT
Globe Life
GL
$14.1B
| $2.98M | ﹤0.01% |
21,300
-19,500
| -48% | -$2.64M |
|
4884
Commercial Metals
CMC
$7.92B
| $2.98M | ﹤0.01% |
43,000
+22,615
| +111% | +$1.42M |
|
|
PBT
4885
PUT
Permian Basin Royalty Trust
PBT
$1.52B
| $2.97M | ﹤0.01% |
175,100
-25,100
| -13% | -$450K |
|
4886
PUT
Liberty Energy
LBRT
$3.59B
| $2.97M | ﹤0.01% |
160,900
+42,700
| +36% | +$713K |
|
4887
Solventum
SOLV
$15.1B
| $2.97M | ﹤0.01% |
37,460
-102,468
| -73% | -$7.85M |
|
4888
Textron
TXT
$15.3B
| $2.97M | ﹤0.01% |
34,035
-35,804
| -51% | -$3M |
|
4889
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $2.97M | ﹤0.01% |
21,659
+9,822
| +83% | +$1.37M |
|
4890
PUT
Granite Construction
GVA
$5.56B
| $2.96M | ﹤0.01% |
25,700
-17,300
| -40% | -$1.86M |
|
|
WCN
4891
Waste Connections
WCN
$41.8B
| $2.96M | ﹤0.01% |
16,904
-7,565
| -31% | -$1.31M |
|
4892
ARK Blockchain & Fintech Innovation ETF
ARKF
$771M
| $2.96M | ﹤0.01% |
62,222
-15,950
| -20% | -$832K |
|
|
YXT
4893
YXT.COM Group Holding Ltd
YXT
$21.8M
| $2.96M | ﹤0.01% |
374,908
| – | – |
|
4894
GrafTech
EAF
$199M
| $2.96M | ﹤0.01% |
190,813
+167,860
| +731% | +$2.55M |
|
4895
Vuzix
VUZI
$262M
| $2.96M | ﹤0.01% |
782,270
+46,223
| +6% | +$145K |
|
4896
PUT
iShares Russell 2000 Value ETF
IWN
$14.7B
| $2.95M | ﹤0.01% |
16,300
+3,600
| +28% | +$647K |
|
4897
PUT
Federal Realty Investment Trust
FRT
$10.3B
| $2.95M | ﹤0.01% |
29,300
+12,700
| +77% | +$1.25M |
|
4898
CALL
Enovis
ENOV
$1.5B
| $2.95M | ﹤0.01% |
110,800
+83,300
| +303% | +$2.46M |
|
4899
CALL
ProPetro Holding
PUMP
$1.49B
| $2.95M | ﹤0.01% |
+310,100
| New | +$2.7M |
|
4900
Vanguard ESG US Stock ETF
ESGV
$13.7B
| $2.95M | ﹤0.01% |
24,371
+4,259
| +21% | +$511K |
|
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.