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 | |
|---|---|---|---|---|---|---|
5026
PUT
ProShares Ether Strategy ETF
EETH
$54.1M
| $2.75M | ﹤0.01% |
74,000
-816,000
| -92% | -$40.8M |
|
5027
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$681M
| $2.75M | ﹤0.01% |
24,239
+20,633
| +572% | +$2.33M |
|
5028
PUT
Gold Royalty Corp
GROY
$727M
| $2.75M | ﹤0.01% |
681,300
+328,300
| +93% | +$1.26M |
|
5029
PUT
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $2.75M | ﹤0.01% |
46,900
-30,200
| -39% | -$1.8M |
|
5030
Vornado Realty Trust
VNO
$7.28B
| $2.75M | ﹤0.01% |
82,623
+29,350
| +55% | +$1.07M |
|
5031
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.37B
| $2.75M | ﹤0.01% |
24,768
+7,641
| +45% | +$850K |
|
5032
JPMorgan Limited Duration Bond ETF
JPLD
$3.96B
| $2.75M | ﹤0.01% |
+52,485
| New | +$2.75M |
|
5033
Alignment Healthcare
ALHC
$2.9B
| $2.75M | ﹤0.01% |
139,058
+76,025
| +121% | +$1.37M |
|
5034
State Street SPDR S&P Capital Markets ETF
KCE
$480M
| $2.75M | ﹤0.01% |
18,315
+8,388
| +84% | +$1.24M |
|
5035
InfuSystem Holdings
INFU
$244M
| $2.74M | ﹤0.01% |
305,727
+63,632
| +26% | +$609K |
|
5036
AstraZeneca
AZN
$243B
| $2.74M | ﹤0.01% |
14,907
-31,885
| -68% | -$5.59M |
|
5037
PUT
SM Energy
SM
$8.03B
| $2.74M | ﹤0.01% |
146,400
-59,500
| -29% | -$1.21M |
|
5038
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.76B
| $2.74M | ﹤0.01% |
30,676
-57,816
| -65% | -$5.26M |
|
5039
CALL
Cullen/Frost Bankers
CFR
$10.6B
| $2.74M | ﹤0.01% |
21,600
+2,500
| +13% | +$314K |
|
5040
CALL
Black Hills Corp
BKH
$5.66B
| $2.74M | ﹤0.01% |
39,400
+32,700
| +488% | +$2.2M |
|
5041
CALL
Helen of Troy
HELE
$704M
| $2.73M | ﹤0.01% |
128,700
+9,200
| +8% | +$188K |
|
5042
Kilroy Realty
KRC
$4.22B
| $2.73M | ﹤0.01% |
73,168
+63,629
| +667% | +$2.6M |
|
5043
Assembly Biosciences
ASMB
$671M
| $2.73M | ﹤0.01% |
80,394
-50,632
| -39% | -$1.63M |
|
5044
Innovator International Developed Power Buffer ETF July
IJUL
$258M
| $2.73M | ﹤0.01% |
81,597
+7,260
| +10% | +$239K |
|
5045
Federal Realty Investment Trust
FRT
$10.3B
| $2.73M | ﹤0.01% |
27,119
+9,655
| +55% | +$951K |
|
5046
Mid-America Apartment Communities
MAA
$15.5B
| $2.73M | ﹤0.01% |
19,678
-45,714
| -70% | -$6.09M |
|
5047
KB Home
KBH
$3.44B
| $2.73M | ﹤0.01% |
48,445
-45,713
| -49% | -$2.81M |
|
5048
CALL
Amneal Pharmaceuticals
AMRX
$6.32B
| $2.73M | ﹤0.01% |
216,800
-85,200
| -28% | -$975K |
|
5049
CALL
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.41B
| $2.73M | ﹤0.01% |
86,900
-107,300
| -55% | -$3.38M |
|
5050
Beam Therapeutics
BEAM
$2.76B
| $2.73M | ﹤0.01% |
98,511
-26,635
| -21% | -$680K |
|
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.