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 | |
|---|---|---|---|---|---|---|
6251
WisdomTree US SmallCap Dividend Fund
DES
$2.23B
| $1.5M | ﹤0.01% |
44,855
+24,366
| +119% | +$814K |
|
6252
Old National Bancorp
ONB
$10.4B
| $1.5M | ﹤0.01% |
67,227
-90,641
| -57% | -$1.95M |
|
6253
Zega Buy & Hedge ETF
ZHDG
$36.5M
| $1.5M | ﹤0.01% |
66,265
+4,147
| +7% | +$95.1K |
|
6254
State Street SPDR FactSet Innovative Technology ETF
XITK
$73.3M
| $1.5M | ﹤0.01% |
8,399
+6,314
| +303% | +$1.15M |
|
6255
CALL
Hippo Holdings
HIPO
$859M
| $1.5M | ﹤0.01% |
49,800
-122,300
| -71% | -$4.09M |
|
6256
BlackRock Health Sciences Trust II
BMEZ
$1B
| $1.5M | ﹤0.01% |
99,528
+23,434
| +31% | +$352K |
|
|
TOGA
6257
Tremblant Global ETF
TOGA
$182M
| $1.5M | ﹤0.01% |
43,696
+12,014
| +38% | +$410K |
|
6258
Direxion Daily Transportation Bull 3X ETF
TPOR
$19.4M
| $1.5M | ﹤0.01% |
49,861
+9,461
| +23% | +$268K |
|
6259
UGI
UGI
$7.51B
| $1.5M | ﹤0.01% |
39,979
-17,250
| -30% | -$611K |
|
|
TGEN
6260
Tecogen Inc
TGEN
$112M
| $1.5M | ﹤0.01% |
302,911
+50,876
| +20% | +$382K |
|
6261
SP Funds S&P Global Technology ETF
SPTE
$235M
| $1.5M | ﹤0.01% |
42,502
-6,126
| -13% | -$216K |
|
6262
CALL
Cabaletta Bio
CABA
$490M
| $1.5M | ﹤0.01% |
683,100
+266,000
| +64% | +$659K |
|
6263
PUT
Steris
STE
$22.5B
| $1.5M | ﹤0.01% |
5,900
-13,600
| -70% | -$3.42M |
|
|
MIAX
6264
PUT
Miami International Holdings
MIAX
$4.24B
| $1.5M | ﹤0.01% |
33,700
-34,200
| -50% | -$1.53M |
|
6265
Veeco
VECO
$3.31B
| $1.49M | ﹤0.01% |
52,307
-15,614
| -23% | -$463K |
|
6266
PUT
Algoma Steel
ASTL
$438M
| $1.49M | ﹤0.01% |
364,600
+37,800
| +12% | +$151K |
|
6267
ProShares Pet Care ETF
PAWZ
$33.5M
| $1.49M | ﹤0.01% |
27,334
-925
| -3% | -$50.7K |
|
|
SMST
6268
CALL
Defiance Daily Target 2x Short MSTR ETF
SMST
$27.7M
| $1.49M | ﹤0.01% |
16,100
-90,100
| -85% | -$5.02M |
|
6269
AllianzIM U.S. Equity Buffer20 May ETF
MAYW
$455M
| $1.49M | ﹤0.01% |
44,505
+8,543
| +24% | +$283K |
|
6270
PUT
Willdan Group
WLDN
$1.28B
| $1.49M | ﹤0.01% |
14,400
-5,100
| -26% | -$502K |
|
6271
Core Scientific Inc Tranche 2 Warrants
CORZZ
$1.66B
| $1.49M | ﹤0.01% |
102,575
| – | – |
|
6272
CALL
Open Text
OTEX
$5.8B
| $1.49M | ﹤0.01% |
45,700
-9,600
| -17% | -$342K |
|
6273
PUT
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.39B
| $1.49M | ﹤0.01% |
8,300
-400
| -5% | -$70.2K |
|
6274
Zura Bio
ZURA
$536M
| $1.49M | ﹤0.01% |
284,097
+36,350
| +15% | +$144K |
|
6275
Bausch + Lomb
BLCO
$6.07B
| $1.49M | ﹤0.01% |
87,130
+430
| +0.5% | +$6.82K |
|
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.