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 | |
|---|---|---|---|---|---|---|
2951
CALL
Critical Metals Corp
CRML
$981M
| $10.7M | ﹤0.01% |
1,543,300
+1,235,600
| +402% | +$13.5M |
|
|
SERV
2952
PUT
Serve Robotics
SERV
$430M
| $10.7M | ﹤0.01% |
1,030,400
-955,500
| -48% | -$11.5M |
|
2953
PACCAR
PCAR
$68.8B
| $10.7M | ﹤0.01% |
97,649
-18,384
| -16% | -$1.88M |
|
2954
United States Antimony
UAMY
$823M
| $10.7M | ﹤0.01% |
2,129,950
+1,530,200
| +255% | +$12M |
|
2955
CALL
Brookfield Asset Management
BAM
$86.7B
| $10.7M | ﹤0.01% |
203,800
-35,600
| -15% | -$1.91M |
|
2956
CALL
Haemonetics
HAE
$4.14B
| $10.7M | ﹤0.01% |
133,200
-10,900
| -8% | -$732K |
|
|
XOVR
2957
EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF
XOVR
$1.89B
| $10.7M | ﹤0.01% |
529,984
+498,646
| +1,591% | +$10.2M |
|
2958
MannKind Corp
MNKD
$1.23B
| $10.7M | ﹤0.01% |
1,882,234
+676,784
| +56% | +$3.73M |
|
2959
CALL
Alliance Resource Partners
ARLP
$3.27B
| $10.7M | ﹤0.01% |
459,400
+64,000
| +16% | +$1.55M |
|
2960
PUT
Liquidia Corp
LQDA
$6.63B
| $10.6M | ﹤0.01% |
308,700
-264,700
| -46% | -$7.54M |
|
2961
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.9B
| $10.6M | ﹤0.01% |
182,963
+81,363
| +80% | +$4.73M |
|
2962
Direxion Daily GOOGL Bull 2X ETF
GGLL
$953M
| $10.6M | ﹤0.01% |
109,704
-90,507
| -45% | -$7.71M |
|
2963
iShares Global 100 ETF
IOO
$9.42B
| $10.6M | ﹤0.01% |
83,896
+75,264
| +872% | +$9.36M |
|
2964
Invesco S&P 500 Equal Weight ETF
RSP
$100B
| $10.6M | ﹤0.01% |
55,453
-31,750
| -36% | -$6.03M |
|
2965
PUT
Innodata
INOD
$2.1B
| $10.6M | ﹤0.01% |
208,400
-21,100
| -9% | -$1.38M |
|
2966
CALL
Warner Music
WMG
$13.5B
| $10.6M | ﹤0.01% |
345,900
+69,100
| +25% | +$2.11M |
|
|
FETH
2967
CALL
Fidelity Ethereum Fund
FETH
$1.01B
| $10.6M | ﹤0.01% |
358,000
+134,100
| +60% | +$4.63M |
|
2968
PUT
Essex Property Trust
ESS
$18.5B
| $10.6M | ﹤0.01% |
40,500
+6,900
| +21% | +$1.79M |
|
2969
PUT
Fiverr
FVRR
$323M
| $10.6M | ﹤0.01% |
536,200
+347,900
| +185% | +$7.49M |
|
2970
PUT
Camtek
CAMT
$7.7B
| $10.6M | ﹤0.01% |
99,600
-31,500
| -24% | -$3.54M |
|
|
2971
PUT
Brookfield Asset Management
BAM
$86.7B
| $10.6M | ﹤0.01% |
201,600
+48,000
| +31% | +$2.58M |
|
|
FRMI
2972
PUT
Fermi Inc
FRMI
$4.06B
| $10.6M | ﹤0.01% |
+1,319,900
| New | +$25.7M |
|
2973
CALL
Canadian Imperial Bank of Commerce
CM
$113B
| $10.5M | ﹤0.01% |
116,400
-15,500
| -12% | -$1.33M |
|
2974
iShares Core MSCI Emerging Markets ETF
IEMG
$159B
| $10.5M | ﹤0.01% |
156,713
-1,175,538
| -88% | -$78.9M |
|
2975
PUT
Inspire Medical Systems
INSP
$1.65B
| $10.5M | ﹤0.01% |
114,100
+1,900
| +2% | +$182K |
|
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.