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 | |
|---|---|---|---|---|---|---|
|
RJET
6476
PUT
Republic Airways Holdings
RJET
$947M
| $1.36M | ﹤0.01% |
74,100
+69,580
| +1,539% | +$1.45M |
|
|
ARR
6477
Armour Residential REIT
ARR
$2.33B
| $1.36M | ﹤0.01% |
76,924
-20,862
| -21% | -$346K |
|
|
SMC
6478
Summit Midstream
SMC
$479M
| $1.36M | ﹤0.01% |
51,003
-1,728
| -3% | -$41.1K |
|
6479
CALL
Mission Produce
AVO
$1.14B
| $1.36M | ﹤0.01% |
117,300
+97,800
| +502% | +$1.17M |
|
6480
PUT
Badger Meter
BMI
$3.73B
| $1.36M | ﹤0.01% |
7,800
-65,900
| -89% | -$11.9M |
|
|
SVM
6481
PUT
Silvercorp Metals
SVM
$2.64B
| $1.36M | ﹤0.01% |
163,000
-95,700
| -37% | -$695K |
|
6482
First Trust Nasdaq Bank ETF
FTXO
$320M
| $1.36M | ﹤0.01% |
35,972
+24,328
| +209% | +$867K |
|
6483
Schwab US Mid-Cap ETF
SCHM
$15.4B
| $1.36M | ﹤0.01% |
+45,147
| New | +$1.35M |
|
6484
CALL
Dana Inc
DAN
$3.37B
| $1.36M | ﹤0.01% |
57,100
-2,800
| -5% | -$59.2K |
|
6485
Taylor Devices
TAYD
$178M
| $1.36M | ﹤0.01% |
23,207
+8,076
| +53% | +$391K |
|
|
GPGI
6486
PUT
GPGI Inc
GPGI
$3.82B
| $1.36M | ﹤0.01% |
70,300
-32,600
| -32% | -$651K |
|
6487
Global X Cloud Computing ETF
CLOU
$350M
| $1.36M | ﹤0.01% |
59,919
-103,664
| -63% | -$2.4M |
|
6488
Liberty Media Series C
FWONK
$25.6B
| $1.35M | ﹤0.01% |
13,743
+9,239
| +205% | +$907K |
|
6489
Patterson-UTI
PTEN
$4.66B
| $1.35M | ﹤0.01% |
221,457
-1,138,701
| -84% | -$6.8M |
|
6490
CALL
Fulgent Genetics
FLGT
$513M
| $1.35M | ﹤0.01% |
51,500
+26,900
| +109% | +$698K |
|
6491
Clarivate
CLVT
$1.21B
| $1.35M | ﹤0.01% |
404,769
+269,752
| +200% | +$959K |
|
6492
State Street SPDR S&P Emerging Asia Pacific ETF
GMF
$434M
| $1.35M | ﹤0.01% |
9,742
-30,197
| -76% | -$4.22M |
|
6493
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.26B
| $1.35M | ﹤0.01% |
14,598
-12,721
| -47% | -$1.2M |
|
6494
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA
$114M
| $1.35M | ﹤0.01% |
36,159
-10,011
| -22% | -$382K |
|
|
IGTR
6495
DELISTED
Innovator Gradient Tactical Rotation Strategy ETF
IGTR
| $1.35M | ﹤0.01% |
48,140
-50,344
| -51% | -$1.37M |
|
6496
Texas Capital Bancshares
TCBI
$4.39B
| $1.35M | ﹤0.01% |
14,907
-16,926
| -53% | -$1.49M |
|
6497
CALL
Amtech Systems
ASYS
$295M
| $1.35M | ﹤0.01% |
107,500
+69,300
| +181% | +$624K |
|
6498
Ameresco
AMRC
$1.51B
| $1.35M | ﹤0.01% |
45,979
+22,562
| +96% | +$792K |
|
|
NATO
6499
Themes Transatlantic Defense ETF
NATO
$109M
| $1.35M | ﹤0.01% |
+35,199
| New | +$1.33M |
|
6500
PUT
Jones Lang LaSalle
JLL
$17B
| $1.35M | ﹤0.01% |
4,000
-4,100
| -51% | -$1.29M |
|
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.