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 | |
|---|---|---|---|---|---|---|
3026
Sportradar
SRAD
$4.09B
| $10.1M | ﹤0.01% |
+424,707
| New | +$10.2M |
|
3027
CALL
CG Oncology
CGON
$6.65B
| $10.1M | ﹤0.01% |
242,800
+192,300
| +381% | +$7.96M |
|
3028
CALL
Texas Roadhouse
TXRH
$13.6B
| $10.1M | ﹤0.01% |
60,700
-70,800
| -54% | -$12M |
|
3029
iShares MSCI EAFE Growth ETF
EFG
$17.3B
| $10.1M | ﹤0.01% |
88,433
-58,066
| -40% | -$6.66M |
|
3030
Cogent Biosciences
COGT
$6.58B
| $10.1M | ﹤0.01% |
283,497
+204,874
| +261% | +$5.76M |
|
3031
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $10.1M | ﹤0.01% |
121,528
+31,236
| +35% | +$2.59M |
|
3032
PUT
Recursion Pharmaceuticals
RXRX
$1.69B
| $10.1M | ﹤0.01% |
2,458,400
+296,300
| +14% | +$1.47M |
|
|
FIGR
3033
PUT
Figure Technology Solutions
FIGR
$6.95B
| $10.1M | ﹤0.01% |
246,100
-313,900
| -56% | -$12.6M |
|
3034
NetEase
NTES
$80.1B
| $10M | ﹤0.01% |
73,024
-6,443
| -8% | -$915K |
|
3035
PUT
Carlisle Companies
CSL
$14.7B
| $10M | ﹤0.01% |
31,400
+2,800
| +10% | +$907K |
|
3036
Prudential Financial
PRU
$43.2B
| $10M | ﹤0.01% |
88,798
+28,325
| +47% | +$3.04M |
|
3037
CALL
Vanguard Health Care ETF
VHT
$18.9B
| $10M | ﹤0.01% |
34,800
+16,200
| +87% | +$4.53M |
|
|
JBTM
3038
JBT Marel
JBTM
$6.23B
| $10M | ﹤0.01% |
66,474
+64,326
| +2,995% | +$9.07M |
|
3039
Simon Property Group
SPG
$71B
| $10M | ﹤0.01% |
54,096
-3,131
| -5% | -$569K |
|
|
BTC
3040
CALL
Grayscale Bitcoin Mini Trust ETF
BTC
$3.33B
| $10M | ﹤0.01% |
258,500
-17,200
| -6% | -$762K |
|
3041
Steris
STE
$22.7B
| $10M | ﹤0.01% |
39,488
+27,996
| +244% | +$7.03M |
|
|
AGIX
3042
KraneShares Public-Private AI & Technology ETF
AGIX
$628M
| $10M | ﹤0.01% |
275,675
-208,682
| -43% | -$7.73M |
|
3043
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$196M
| $9.99M | ﹤0.01% |
133,030
-21,960
| -14% | -$1.7M |
|
3044
Rocket Lab Corp
RKLB
$51.3B
| $9.98M | ﹤0.01% |
143,121
-92,714
| -39% | -$5.31M |
|
3045
CALL
iShares MSCI France ETF
EWQ
$332M
| $9.98M | ﹤0.01% |
+221,800
| New | +$9.87M |
|
3046
PUT
Scotiabank
BNS
$112B
| $9.97M | ﹤0.01% |
135,300
-46,800
| -26% | -$3.18M |
|
|
KYIV
3047
CALL
Kyivstar Group
KYIV
$3.06B
| $9.95M | ﹤0.01% |
766,700
+582,100
| +315% | +$7.67M |
|
3048
Globe Life
GL
$14.1B
| $9.95M | ﹤0.01% |
71,132
+49,891
| +235% | +$6.76M |
|
3049
VanEck Bitcoin Trust
HODL
$1.05B
| $9.93M | ﹤0.01% |
401,700
+368,686
| +1,117% | +$10.4M |
|
3050
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.61B
| $9.93M | ﹤0.01% |
155,074
+136,629
| +741% | +$8.81M |
|
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.