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 | |
|---|---|---|---|---|---|---|
5001
CALL
ProShares UltraPro Short 20+ Year Treasury
TTT
$18.6M
| $2.79M | ﹤0.01% |
41,700
+33,300
| +396% | +$2.24M |
|
5002
First Merchants
FRME
$2.74B
| $2.79M | ﹤0.01% |
74,378
+16,778
| +29% | +$622K |
|
5003
Heritage Insurance Holdings
HRTG
$1.01B
| $2.79M | ﹤0.01% |
95,272
+49,698
| +109% | +$1.34M |
|
5004
PUT
Protagonist Therapeutics
PTGX
$10B
| $2.79M | ﹤0.01% |
31,900
-2,600
| -8% | -$213K |
|
|
APLS
5005
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $2.78M | ﹤0.01% |
110,800
+35,100
| +46% | +$824K |
|
5006
abrdn Physical Gold Shares ETF
SGOL
$7.47B
| $2.78M | ﹤0.01% |
67,696
-8,864
| -12% | -$351K |
|
5007
CALL
Burford Capital
BUR
$960M
| $2.78M | ﹤0.01% |
311,600
-7,000
| -2% | -$68.5K |
|
5008
GATX Corp
GATX
$6.38B
| $2.78M | ﹤0.01% |
16,376
+7,812
| +91% | +$1.29M |
|
5009
PUT
Trinity Capital Inc
TRIN
$1.72B
| $2.77M | ﹤0.01% |
+189,400
| New | +$2.82M |
|
5010
Assurant
AIZ
$13.9B
| $2.77M | ﹤0.01% |
11,507
-10,094
| -47% | -$2.25M |
|
|
SEPN
5011
PUT
Septerna Inc
SEPN
$2.08B
| $2.77M | ﹤0.01% |
99,400
-219,400
| -69% | -$5.24M |
|
5012
First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
$1.87B
| $2.77M | ﹤0.01% |
19,492
-1,016
| -5% | -$144K |
|
5013
Bank of America Series L
BAC.PRL
$4.02B
| $2.77M | ﹤0.01% |
2,212
+441
| +25% | +$555K |
|
5014
PUT
Hafnia
HAFN
$3.87B
| $2.77M | ﹤0.01% |
519,500
-147,400
| -22% | -$879K |
|
5015
PUT
iQIYI
IQ
$1.3B
| $2.77M | ﹤0.01% |
1,441,200
-672,900
| -32% | -$1.44M |
|
5016
PUT
Clean Harbors
CLH
$17B
| $2.77M | ﹤0.01% |
11,800
-61,800
| -84% | -$14.1M |
|
5017
Jabil
JBL
$38B
| $2.77M | ﹤0.01% |
12,133
-56,662
| -82% | -$12.1M |
|
5018
CALL
Americold
COLD
$4.25B
| $2.77M | ﹤0.01% |
+215,100
| New | +$2.64M |
|
5019
PUT
Direxion Daily Energy Bull 2X ETF
ERX
$251M
| $2.76M | ﹤0.01% |
49,500
-6,900
| -12% | -$383K |
|
5020
PUT
American Resources Corp
AREC
$308M
| $2.76M | ﹤0.01% |
1,113,900
+826,800
| +288% | +$2.76M |
|
|
SII
5021
PUT
Sprott
SII
$3B
| $2.76M | ﹤0.01% |
28,200
-10,800
| -28% | -$958K |
|
5022
HDFC Bank
HDB
$120B
| $2.76M | ﹤0.01% |
75,536
+62,310
| +471% | +$2.24M |
|
5023
Aclaris Therapeutics
ACRS
$851M
| $2.76M | ﹤0.01% |
916,846
+880,609
| +2,430% | +$2.23M |
|
5024
PUT
EPR Properties
EPR
$4.69B
| $2.76M | ﹤0.01% |
55,300
-114,500
| -67% | -$5.96M |
|
5025
InvenTrust Properties
IVT
$2.62B
| $2.76M | ﹤0.01% |
97,707
-16,785
| -15% | -$473K |
|
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.