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 | |
|---|---|---|---|---|---|---|
2651
FS KKR Capital
FSK
$3.44B
| $13.8M | ﹤0.01% |
928,705
+559,620
| +152% | +$8.48M |
|
2652
Warby Parker
WRBY
$3.14B
| $13.7M | ﹤0.01% |
628,906
+532,264
| +551% | +$11.6M |
|
2653
F5
FFIV
$23.3B
| $13.7M | ﹤0.01% |
53,676
+44,583
| +490% | +$12M |
|
2654
CALL
Jacobs Solutions
J
$16.8B
| $13.7M | ﹤0.01% |
103,300
+48,100
| +87% | +$7.05M |
|
2655
PUT
GlobalFoundries
GFS
$29.9B
| $13.7M | ﹤0.01% |
391,400
-1,678,800
| -81% | -$59.7M |
|
|
XIFR
2656
PUT
XPLR Infrastructure LP
XIFR
$1.1B
| $13.7M | ﹤0.01% |
1,366,400
-431,100
| -24% | -$4.18M |
|
2657
CALL
Travel + Leisure Co
TNL
$4.62B
| $13.7M | ﹤0.01% |
193,700
+56,100
| +41% | +$3.68M |
|
2658
Quanta Services
PWR
$103B
| $13.7M | ﹤0.01% |
32,354
+8,317
| +35% | +$3.65M |
|
2659
CALL
ProShares UltraShort S&P500
SDS
$365M
| $13.6M | ﹤0.01% |
198,900
+160,840
| +423% | +$11.4M |
|
2660
CALL
Vanguard Morningstar Small-Cap ETF
VB
$83.5B
| $13.6M | ﹤0.01% |
52,800
+13,000
| +33% | +$3.33M |
|
2661
PUT
Kinsale Capital Group
KNSL
$8.61B
| $13.6M | ﹤0.01% |
34,800
+1,400
| +4% | +$571K |
|
2662
Ovintiv
OVV
$17.5B
| $13.6M | ﹤0.01% |
347,304
+284,369
| +452% | +$11M |
|
2663
CALL
TTM Technologies
TTMI
$15B
| $13.6M | ﹤0.01% |
197,100
+137,300
| +230% | +$8.96M |
|
2664
PUT
AvalonBay Communities
AVB
$26.3B
| $13.6M | ﹤0.01% |
75,000
-35,600
| -32% | -$6.46M |
|
2665
CALL
CDW
CDW
$17.5B
| $13.6M | ﹤0.01% |
99,800
+12,600
| +14% | +$1.86M |
|
2666
TransDigm Group
TDG
$69B
| $13.6M | ﹤0.01% |
10,219
+2,650
| +35% | +$3.47M |
|
2667
PUT
iShares Russell 1000 Growth ETF
IWF
$129B
| $13.6M | ﹤0.01% |
114,800
-320,000
| -74% | -$37.9M |
|
2668
Idexx Laboratories
IDXX
$43.8B
| $13.6M | ﹤0.01% |
20,064
-2,457
| -11% | -$1.67M |
|
2669
CALL
Fabrinet
FN
$20.6B
| $13.6M | ﹤0.01% |
29,800
-13,000
| -30% | -$5.66M |
|
2670
CALL
ODDITY Tech
ODD
$611M
| $13.6M | ﹤0.01% |
337,400
-2,400
| -0.7% | -$108K |
|
2671
PUT
Ascendis Pharma A/S
ASND
$16B
| $13.5M | ﹤0.01% |
63,500
+1,900
| +3% | +$392K |
|
|
GLXY
2672
Galaxy Digital Inc
GLXY
$4.18B
| $13.5M | ﹤0.01% |
605,246
+242,314
| +67% | +$7.51M |
|
2673
CALL
McEwen Inc
MUX
$1.17B
| $13.5M | ﹤0.01% |
731,000
+443,900
| +155% | +$8.26M |
|
2674
Iovance Biotherapeutics
IOVA
$2.94B
| $13.5M | ﹤0.01% |
4,948,614
+1,642,098
| +50% | +$3.8M |
|
2675
PUT
Sterling Infrastructure
STRL
$17.4B
| $13.5M | ﹤0.01% |
44,100
-56,800
| -56% | -$19.6M |
|
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.