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 | |
|---|---|---|---|---|---|---|
5976
Forum Energy Technologies
FET
$955M
| $1.7M | ﹤0.01% |
46,088
+24,313
| +112% | +$754K |
|
|
RJET
5977
CALL
Republic Airways Holdings
RJET
$949M
| $1.7M | ﹤0.01% |
92,700
+84,060
| +973% | +$1.75M |
|
5978
Direxion Daily FTSE China Bear 3X ETF
YANG
$98.4M
| $1.7M | ﹤0.01% |
67,736
+16,669
| +33% | +$391K |
|
5979
Matsons
MATX
$6.55B
| $1.7M | ﹤0.01% |
13,774
+4,310
| +46% | +$463K |
|
5980
Pacer Trendpilot 100 ETF
PTNQ
$1.28B
| $1.7M | ﹤0.01% |
21,630
-11,623
| -35% | -$921K |
|
|
NUVL
5981
CALL
DELISTED
Nuvalent
NUVL
| $1.7M | ﹤0.01% |
16,900
+10,600
| +168% | +$1.05M |
|
|
UROY
5982
Uranium Royalty Corp
UROY
$1.54B
| $1.7M | ﹤0.01% |
480,180
+416,889
| +659% | +$1.63M |
|
5983
PUT
Rayonier Advanced Materials
RYAM
$563M
| $1.7M | ﹤0.01% |
288,400
-188,100
| -39% | -$1.22M |
|
5984
CALL
nCino
NCNO
$2.24B
| $1.7M | ﹤0.01% |
66,200
+57,800
| +688% | +$1.47M |
|
5985
Invesco S&P 500 Equal Weight Consumer Staples ETF
RSPS
$245M
| $1.7M | ﹤0.01% |
58,452
+48,505
| +488% | +$1.42M |
|
5986
PUT
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.5B
| $1.7M | ﹤0.01% |
15,900
-35,600
| -69% | -$3.77M |
|
5987
CALL
Helios Technologies
HLIO
$2.68B
| $1.7M | ﹤0.01% |
31,700
-2,500
| -7% | -$135K |
|
5988
Clearway Energy Class C
CWEN
$7B
| $1.69M | ﹤0.01% |
50,935
-21,794
| -30% | -$725K |
|
|
LINE
5989
CALL
Lineage Inc
LINE
$9.4B
| $1.69M | ﹤0.01% |
48,400
-14,100
| -23% | -$521K |
|
5990
Associated Banc-Corp
ASB
$6.11B
| $1.69M | ﹤0.01% |
65,724
-29,744
| -31% | -$765K |
|
5991
CALL
Vanguard FTSE All-World ex-US ETF
VEU
$70.9B
| $1.69M | ﹤0.01% |
23,000
-70,000
| -75% | -$5.09M |
|
5992
Core Alternative Capital
CCOR
$28.2M
| $1.69M | ﹤0.01% |
64,450
-7,220
| -10% | -$189K |
|
|
HIVE
5993
PUT
HIVE Digital Technologies
HIVE
$788M
| $1.69M | ﹤0.01% |
655,500
-333,600
| -34% | -$1.41M |
|
5994
PUT
Triumph Financial Inc
TFIN
$1.86B
| $1.69M | ﹤0.01% |
+27,000
| New | +$1.51M |
|
5995
GraniteShares 2x Short NVDA Daily ETF
NVD
$51.6M
| $1.69M | ﹤0.01% |
236,455
-93,343
| -28% | -$780K |
|
5996
PUT
The Ensign Group
ENSG
$10.5B
| $1.69M | ﹤0.01% |
9,700
-1,300
| -12% | -$234K |
|
5997
Cactus
WHD
$5.86B
| $1.69M | ﹤0.01% |
36,965
+11,170
| +43% | +$467K |
|
5998
CALL
Healthpeak Properties
DOC
$14.2B
| $1.69M | ﹤0.01% |
105,000
-302,600
| -74% | -$5.33M |
|
5999
PUT
HCI Group
HCI
$2.26B
| $1.69M | ﹤0.01% |
8,800
-20,100
| -70% | -$3.79M |
|
6000
Dimensional California Municipal Bond ETF
DFCA
$711M
| $1.69M | ﹤0.01% |
33,672
+7,496
| +29% | +$375K |
|
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.