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 | |
|---|---|---|---|---|---|---|
6501
ProShares UltraPro Short Dow 30
SDOW
$176M
| $1.35M | ﹤0.01% |
42,123
+10,582
| +34% | +$359K |
|
6502
PUT
SiteOne Landscape Supply
SITE
$4.18B
| $1.35M | ﹤0.01% |
10,800
+3,500
| +48% | +$443K |
|
|
MNRS
6503
Grayscale Bitcoin Miners ETF
MNRS
$11.6M
| $1.34M | ﹤0.01% |
44,763
-5,255
| -11% | -$212K |
|
6504
PUT
Victory Capital Holdings
VCTR
$7.31B
| $1.34M | ﹤0.01% |
+21,300
| New | +$1.36M |
|
|
OPRA
6505
CALL
Opera Ltd
OPRA
$1.76B
| $1.34M | ﹤0.01% |
94,900
-146,600
| -61% | -$2.16M |
|
6506
CALL
CapForce IBD 50 ETF
FFTY
$81.9M
| $1.34M | ﹤0.01% |
38,600
+25,200
| +188% | +$929K |
|
6507
PUT
Upexi
UPXI
$58.7M
| $1.34M | ﹤0.01% |
798,900
-1,121,700
| -58% | -$4.24M |
|
6508
CALL
Itaú Unibanco
ITUB
$81.1B
| $1.34M | ﹤0.01% |
187,415
-161,889
| -46% | -$1.15M |
|
6509
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.17B
| $1.34M | ﹤0.01% |
6,081
-49,157
| -89% | -$10.7M |
|
6510
ProShares UltraShort Bloomberg Crude Oil
SCO
$662M
| $1.34M | ﹤0.01% |
17,084
-15,412
| -47% | -$1.16M |
|
6511
First Trust International Developed Capital Strength ETF
FICS
$210M
| $1.34M | ﹤0.01% |
+33,398
| New | +$1.3M |
|
6512
PUT
VanEck High Yield Muni ETF
HYD
$4.36B
| $1.34M | ﹤0.01% |
26,200
-24,800
| -49% | -$1.26M |
|
6513
CALL
Compass Diversified
CODI
$910M
| $1.34M | ﹤0.01% |
278,900
+212,200
| +318% | +$1.34M |
|
6514
Commerce Bancshares
CBSH
$8.56B
| $1.34M | ﹤0.01% |
25,559
-28,401
| -53% | -$1.49M |
|
|
NUVL
6515
DELISTED
Nuvalent
NUVL
| $1.34M | ﹤0.01% |
13,299
-5,089
| -28% | -$502K |
|
6516
PUT
Delek US
DK
$4.12B
| $1.34M | ﹤0.01% |
45,100
-55,600
| -55% | -$1.99M |
|
6517
CALL
Park Hotels & Resorts
PK
$3.02B
| $1.34M | ﹤0.01% |
127,800
+87,100
| +214% | +$933K |
|
|
ZBIO
6518
CALL
Zenas BioPharma
ZBIO
$1.99B
| $1.34M | ﹤0.01% |
36,800
+26,700
| +264% | +$878K |
|
6519
PUT
PepGen
PEPG
$211M
| $1.34M | ﹤0.01% |
205,100
+186,900
| +1,027% | +$970K |
|
6520
CALL
Maravai LifeSciences
MRVI
$846M
| $1.33M | ﹤0.01% |
410,700
+67,000
| +19% | +$226K |
|
6521
Virtus Terranova US Quality Momentum ETF
JOET
$253M
| $1.33M | ﹤0.01% |
31,768
-320
| -1% | -$13.6K |
|
6522
PUT
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
| $1.33M | ﹤0.01% |
14,600
-31,000
| -68% | -$2.84M |
|
6523
PUT
Unusual Machines
UMAC
$1.51B
| $1.33M | ﹤0.01% |
104,700
-1,080,900
| -91% | -$12.7M |
|
6524
iQIYI
IQ
$1.28B
| $1.33M | ﹤0.01% |
694,515
+413,115
| +147% | +$884K |
|
6525
Glacier Bancorp
GBCI
$6.46B
| $1.33M | ﹤0.01% |
30,263
-22,592
| -43% | -$991K |
|
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.