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 | |
|---|---|---|---|---|---|---|
5101
CALL
Corvus Pharmaceuticals
CRVS
$1.25B
| $2.65M | ﹤0.01% |
344,100
+194,200
| +130% | +$1.53M |
|
5102
PUT
Transportadora de Gas del Sur
TGS
$4.23B
| $2.65M | ﹤0.01% |
85,100
-24,100
| -22% | -$681K |
|
5103
Global X 1-3 Month T-Bill ETF
CLIP
$2.4B
| $2.65M | ﹤0.01% |
+26,428
| New | +$2.65M |
|
|
HOLX
5104
CALL
DELISTED
Hologic
HOLX
| $2.64M | ﹤0.01% |
35,500
-332,700
| -90% | -$24.3M |
|
5105
PUT
ARS Pharmaceuticals
SPRY
$562M
| $2.64M | ﹤0.01% |
226,800
-33,500
| -13% | -$326K |
|
5106
CALL
First Trust Cloud Computing ETF
SKYY
$3.31B
| $2.64M | ﹤0.01% |
20,300
-4,600
| -18% | -$615K |
|
|
APPX
5107
CALL
Tradr 2X Long APP Daily ETF
APPX
$65.8M
| $2.64M | ﹤0.01% |
24,833
+533
| +2% | +$56.2K |
|
5108
PUT
Park Hotels & Resorts
PK
$3.05B
| $2.64M | ﹤0.01% |
252,300
+206,100
| +446% | +$2.21M |
|
5109
NovoCure
NVCR
$1.97B
| $2.64M | ﹤0.01% |
204,053
+65,033
| +47% | +$835K |
|
5110
State Street Health Care Select Sector SPDR ETF
XLV
$43.8B
| $2.64M | ﹤0.01% |
17,029
-11,198
| -40% | -$1.68M |
|
5111
CALL
Neogen
NEOG
$2.54B
| $2.64M | ﹤0.01% |
377,100
-4,200
| -1% | -$26.4K |
|
5112
SEALSQ Corp
LAES
$671M
| $2.63M | ﹤0.01% |
696,641
+354,543
| +104% | +$1.81M |
|
5113
Tidewater
TDW
$4.69B
| $2.63M | ﹤0.01% |
52,102
-62,132
| -54% | -$3.28M |
|
5114
Ramaco Resources Class A
METC
$777M
| $2.63M | ﹤0.01% |
+146,191
| New | +$3.84M |
|
5115
CALL
Acadia Pharmaceuticals
ACAD
$4.87B
| $2.63M | ﹤0.01% |
98,500
-249,200
| -72% | -$5.96M |
|
5116
CALL
Gen Digital
GEN
$17B
| $2.63M | ﹤0.01% |
96,700
-20,800
| -18% | -$560K |
|
|
ZFEB
5117
Innovator Equity Defined Protection ETF - 1 Yr February
ZFEB
$152M
| $2.63M | ﹤0.01% |
103,572
+93,890
| +970% | +$2.36M |
|
5118
iShares MSCI Ireland ETF
EIRL
$78.8M
| $2.63M | ﹤0.01% |
35,747
+17,082
| +92% | +$1.2M |
|
5119
Zevra Therapeutics
ZVRA
$672M
| $2.63M | ﹤0.01% |
293,095
-912,419
| -76% | -$8.63M |
|
|
SMLR
5120
PUT
DELISTED
Semler Scientific
SMLR
| $2.62M | ﹤0.01% |
171,600
+1,100
| +0.6% | +$25K |
|
5121
American Century US Quality Growth ETF
QGRO
$2.05B
| $2.62M | ﹤0.01% |
22,902
+19,521
| +577% | +$2.23M |
|
|
ISBA
5122
Isabella Bank
ISBA
$317M
| $2.62M | ﹤0.01% |
52,446
+46,287
| +752% | +$1.96M |
|
5123
abrdn Physical Precious Metals Basket Shares ETF
GLTR
$2.69B
| $2.62M | ﹤0.01% |
+12,728
| New | +$2.34M |
|
5124
Sunrun
RUN
$2.45B
| $2.62M | ﹤0.01% |
142,206
-90,159
| -39% | -$1.73M |
|
|
FGSI
5125
FT Vest Growth Strength & Target Income ETF
FGSI
$2.15M
| $2.61M | ﹤0.01% |
129,985
+34,570
| +36% | +$705K |
|
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.