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 | |
|---|---|---|---|---|---|---|
5051
PUT
Nuvation Bio
NUVB
$2.18B
| $2.72M | ﹤0.01% |
304,100
+55,700
| +22% | +$345K |
|
5052
Cadeler
CDLR
$2.22B
| $2.72M | ﹤0.01% |
146,426
+2,966
| +2% | +$55.3K |
|
5053
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.56B
| $2.72M | ﹤0.01% |
42,269
+34,861
| +471% | +$2.2M |
|
5054
CALL
Nabors Industries
NBR
$1.39B
| $2.72M | ﹤0.01% |
50,100
-56,500
| -53% | -$2.75M |
|
5055
First Trust Dorsey Wright Focus 5 ETF
FV
$3.82B
| $2.71M | ﹤0.01% |
43,125
-40,994
| -49% | -$2.54M |
|
5056
PUT
Wabtec
WAB
$50.5B
| $2.71M | ﹤0.01% |
12,700
-8,800
| -41% | -$1.81M |
|
|
ORC
5057
CALL
Orchid Island Capital
ORC
$1.32B
| $2.71M | ﹤0.01% |
376,500
+204,000
| +118% | +$1.49M |
|
5058
PUT
Sportradar
SRAD
$4.09B
| $2.71M | ﹤0.01% |
114,000
-32,300
| -22% | -$777K |
|
5059
PUT
A2Z Smart Technologies
AZ
$326M
| $2.71M | ﹤0.01% |
416,200
-99,500
| -19% | -$640K |
|
5060
iShares MSCI Hong Kong ETF
EWH
$1.21B
| $2.71M | ﹤0.01% |
127,449
+103,092
| +423% | +$2.24M |
|
5061
CALL
Autoliv
ALV
$8.94B
| $2.71M | ﹤0.01% |
22,800
-62,400
| -73% | -$7.45M |
|
5062
The Honest Company
HNST
$519M
| $2.7M | ﹤0.01% |
1,046,284
+405,730
| +63% | +$1.24M |
|
5063
CALL
RenaissanceRe
RNR
$13.4B
| $2.7M | ﹤0.01% |
9,600
-15,500
| -62% | -$4.08M |
|
|
OS
5064
CALL
DELISTED
OneStream Inc
OS
| $2.7M | ﹤0.01% |
146,700
+32,700
| +29% | +$623K |
|
5065
PUT
Karyopharm Therapeutics
KPTI
$45.8M
| $2.7M | ﹤0.01% |
366,300
+238,500
| +187% | +$1.46M |
|
5066
CALL
Lightpath Technologies
LPTH
$953M
| $2.69M | ﹤0.01% |
+249,400
| New | +$2.02M |
|
5067
Main Street Capital
MAIN
$5.5B
| $2.69M | ﹤0.01% |
44,571
+37,227
| +507% | +$2.19M |
|
5068
Appian
APPN
$2.54B
| $2.69M | ﹤0.01% |
75,934
-112,626
| -60% | -$4.01M |
|
5069
Direxion Daily Aerospace & Defense Bull 3X ETF
DFEN
$441M
| $2.69M | ﹤0.01% |
42,087
+37,099
| +744% | +$2.44M |
|
|
NAVN
5070
Navan Inc
NAVN
$7.44B
| $2.69M | ﹤0.01% |
+157,353
| New | +$2.5M |
|
5071
Direxion Daily NVDA Bull 2X ETF
NVDU
$636M
| $2.69M | ﹤0.01% |
22,824
-47,368
| -67% | -$5.94M |
|
5072
PUT
Mueller Industries
MLI
$14.6B
| $2.69M | ﹤0.01% |
46,800
-26,200
| -36% | -$1.41M |
|
5073
PUT
Lightbridge
LTBR
$317M
| $2.69M | ﹤0.01% |
212,500
-98,800
| -32% | -$1.9M |
|
5074
PUT
BlackBerry
BB
$5.22B
| $2.69M | ﹤0.01% |
708,700
-573,300
| -45% | -$2.52M |
|
|
TMHC
5075
DELISTED
Taylor Morrison
TMHC
| $2.69M | ﹤0.01% |
45,617
-24,310
| -35% | -$1.49M |
|
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.