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 | |
|---|---|---|---|---|---|---|
5801
PUT
Invesco S&P 500 High Beta ETF
SPHB
$957M
| $1.87M | ﹤0.01% |
16,000
+2,600
| +19% | +$296K |
|
5802
CALL
Graphic Packaging
GPK
$3.38B
| $1.87M | ﹤0.01% |
124,200
+2,600
| +2% | +$42.7K |
|
5803
Fidelity MSCI Health Care Index ETF
FHLC
$3.4B
| $1.87M | ﹤0.01% |
25,172
+3,195
| +15% | +$230K |
|
5804
Relmada Therapeutics
RLMD
$512M
| $1.86M | ﹤0.01% |
385,942
+247,518
| +179% | +$829K |
|
5805
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.11B
| $1.86M | ﹤0.01% |
26,880
-19,236
| -42% | -$1.32M |
|
|
SMLR
5806
DELISTED
Semler Scientific
SMLR
| $1.86M | ﹤0.01% |
121,772
-124,904
| -51% | -$2.83M |
|
5807
One Stop Systems
OSS
$339M
| $1.86M | ﹤0.01% |
259,072
+79,148
| +44% | +$468K |
|
5808
Cimpress
CMPR
$2.3B
| $1.86M | ﹤0.01% |
27,890
+11,764
| +73% | +$798K |
|
5809
The Bancorp
TBBK
$2.84B
| $1.86M | ﹤0.01% |
27,503
-15,743
| -36% | -$1.09M |
|
5810
PUT
AMN Healthcare
AMN
$1.34B
| $1.85M | ﹤0.01% |
+117,700
| New | +$2.1M |
|
5811
Corbus Pharmaceuticals
CRBP
$195M
| $1.85M | ﹤0.01% |
227,826
+158,580
| +229% | +$1.96M |
|
|
SNCY
5812
DELISTED
Sun Country Airlines
SNCY
| $1.85M | ﹤0.01% |
128,678
+100,531
| +357% | +$1.29M |
|
5813
CALL
Banco Bradesco
BBD
$34.2B
| $1.85M | ﹤0.01% |
555,900
+202,200
| +57% | +$688K |
|
5814
VictoryShares Dividend Accelerator ETF
VSDA
$252M
| $1.85M | ﹤0.01% |
+35,046
| New | +$1.85M |
|
5815
PUT
Burford Capital
BUR
$960M
| $1.85M | ﹤0.01% |
207,300
-13,900
| -6% | -$136K |
|
5816
CALL
Sabre
SABR
$900M
| $1.85M | ﹤0.01% |
1,358,100
-172,600
| -11% | -$297K |
|
5817
Brookfield Infrastructure
BIPC
$4.97B
| $1.85M | ﹤0.01% |
40,682
+33,797
| +491% | +$1.53M |
|
5818
PUT
QuinStreet
QNST
$1.18B
| $1.85M | ﹤0.01% |
128,500
+81,400
| +173% | +$1.17M |
|
5819
CALL
Kemper
KMPR
$1.62B
| $1.84M | ﹤0.01% |
45,500
+10,900
| +32% | +$467K |
|
5820
Exagen
XGN
$161M
| $1.84M | ﹤0.01% |
303,313
+101,163
| +50% | +$921K |
|
5821
Microvast
MVST
$322M
| $1.84M | ﹤0.01% |
658,470
+117,856
| +22% | +$492K |
|
|
MRP
5822
PUT
Millrose Properties Inc
MRP
$5.04B
| $1.84M | ﹤0.01% |
61,700
-12,100
| -16% | -$380K |
|
5823
CALL
ProShares UltraShort Silver
ZSL
$64.2M
| $1.84M | ﹤0.01% |
34,500
+26,860
| +352% | +$2.95M |
|
5824
ProShares UltraPro Short QQQ
SQQQ
$1.92B
| $1.84M | ﹤0.01% |
26,885
+21,913
| +441% | +$1.55M |
|
5825
CALL
Axcelis
ACLS
$4.33B
| $1.84M | ﹤0.01% |
22,900
-82,400
| -78% | -$6.9M |
|
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.