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 | |
|---|---|---|---|---|---|---|
3126
Star Bulk Carriers
SBLK
$3.24B
| $9.4M | ﹤0.01% |
489,010
+68,356
| +16% | +$1.28M |
|
3127
GE HealthCare
GEHC
$33.3B
| $9.4M | ﹤0.01% |
114,552
-38,039
| -25% | -$2.96M |
|
3128
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $9.39M | ﹤0.01% |
102,768
-34,082
| -25% | -$3.12M |
|
3129
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $9.39M | ﹤0.01% |
29,200
-23,800
| -45% | -$7.85M |
|
3130
PUT
iShares Russell 1000 Value ETF
IWD
$84.2B
| $9.38M | ﹤0.01% |
44,600
-24,800
| -36% | -$5.12M |
|
3131
Entergy
ETR
$50.3B
| $9.38M | ﹤0.01% |
101,463
+37,913
| +60% | +$3.6M |
|
|
FLY
3132
Firefly Aerospace
FLY
$4.46B
| $9.38M | ﹤0.01% |
419,187
+234,467
| +127% | +$5.43M |
|
3133
CALL
ING
ING
$102B
| $9.37M | ﹤0.01% |
334,700
+90,300
| +37% | +$2.33M |
|
3134
PUT
Crane Co
CR
$12.6B
| $9.37M | ﹤0.01% |
50,800
-4,600
| -8% | -$853K |
|
3135
State Street
STT
$52.7B
| $9.37M | ﹤0.01% |
72,611
+5,442
| +8% | +$652K |
|
3136
First Trust Cloud Computing ETF
SKYY
$3.31B
| $9.36M | ﹤0.01% |
71,970
+57,117
| +385% | +$7.63M |
|
3137
FuboTV Inc
FUBO
$307M
| $9.36M | ﹤0.01% |
309,536
-7,182
| -2% | -$287K |
|
3138
CALL
Valley National Bancorp
VLY
$8.29B
| $9.36M | ﹤0.01% |
801,000
+555,200
| +226% | +$6.16M |
|
3139
Alaska Air
ALK
$5.13B
| $9.35M | ﹤0.01% |
185,959
-319,950
| -63% | -$14.8M |
|
3140
CALL
Green Plains
GPRE
$1.09B
| $9.35M | ﹤0.01% |
953,800
+16,300
| +2% | +$164K |
|
3141
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $9.35M | ﹤0.01% |
78,300
+17,100
| +28% | +$2.05M |
|
3142
PUT
Pool Corp
POOL
$7.08B
| $9.33M | ﹤0.01% |
40,800
-58,600
| -59% | -$15.2M |
|
3143
Royal Caribbean
RCL
$81.6B
| $9.3M | ﹤0.01% |
33,332
-30,005
| -47% | -$8.48M |
|
3144
CALL
Immunome
IMNM
$3.09B
| $9.29M | ﹤0.01% |
432,700
+236,900
| +121% | +$4.16M |
|
3145
MakeMyTrip
MMYT
$5.68B
| $9.29M | ﹤0.01% |
113,164
+105,579
| +1,392% | +$8.66M |
|
3146
PUT
Aehr Test Systems
AEHR
$4.37B
| $9.28M | ﹤0.01% |
459,600
-108,100
| -19% | -$2.61M |
|
3147
CALL
Lattice Semiconductor
LSCC
$18.5B
| $9.28M | ﹤0.01% |
126,100
-100,000
| -44% | -$7.12M |
|
|
LFSC
3148
F/m Emerald Life Sciences Innovation ETF
LFSC
$129M
| $9.27M | ﹤0.01% |
+253,148
| New | +$8.68M |
|
3149
Curtiss-Wright
CW
$25.8B
| $9.23M | ﹤0.01% |
16,738
-5,328
| -24% | -$2.97M |
|
3150
CALL
Gossamer Bio
GOSS
$75.4M
| $9.21M | ﹤0.01% |
2,970,700
-330,900
| -10% | -$944K |
|
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.