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 | |
|---|---|---|---|---|---|---|
3151
Edison International
EIX
$27.5B
| $9.21M | ﹤0.01% |
153,395
-266,406
| -63% | -$15.3M |
|
3152
PUT
Jackson Financial
JXN
$9.17B
| $9.2M | ﹤0.01% |
86,300
+51,400
| +147% | +$5.11M |
|
3153
Sarepta Therapeutics
SRPT
$1.91B
| $9.2M | ﹤0.01% |
427,609
-563,257
| -57% | -$11.9M |
|
3154
PUT
Viper Energy
VNOM
$15.2B
| $9.2M | ﹤0.01% |
238,100
-168,400
| -41% | -$6.38M |
|
3155
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.69B
| $9.19M | ﹤0.01% |
187,634
+162,666
| +651% | +$7.98M |
|
3156
CALL
Federal Realty Investment Trust
FRT
$10.3B
| $9.19M | ﹤0.01% |
91,200
+77,300
| +556% | +$7.61M |
|
3157
Ares Management
ARES
$32.5B
| $9.18M | ﹤0.01% |
56,772
-127,382
| -69% | -$19.8M |
|
3158
Celcuity
CELC
$4.49B
| $9.17M | ﹤0.01% |
+91,895
| New | +$7.55M |
|
3159
Nordson
NDSN
$17.2B
| $9.16M | ﹤0.01% |
38,113
+30,223
| +383% | +$7.1M |
|
3160
CALL
Compañía de Minas Buenaventura
BVN
$8.57B
| $9.16M | ﹤0.01% |
329,100
+247,500
| +303% | +$6.18M |
|
3161
PUT
Xcel Energy
XEL
$49.5B
| $9.16M | ﹤0.01% |
124,000
+9,100
| +8% | +$718K |
|
3162
PUT
AerCap
AER
$24B
| $9.16M | ﹤0.01% |
63,700
-38,700
| -38% | -$5.13M |
|
3163
CALL
Atmos Energy
ATO
$28.7B
| $9.15M | ﹤0.01% |
54,600
+38,900
| +248% | +$6.73M |
|
3164
CALL
Hubbell
HUBB
$27B
| $9.15M | ﹤0.01% |
20,600
-10,800
| -34% | -$4.73M |
|
3165
CALL
Warby Parker
WRBY
$3.2B
| $9.14M | ﹤0.01% |
419,600
+325,800
| +347% | +$7.09M |
|
3166
PUT
Entergy
ETR
$50.3B
| $9.14M | ﹤0.01% |
98,900
-146,200
| -60% | -$13.9M |
|
3167
PUT
Itron
ITRI
$4.45B
| $9.14M | ﹤0.01% |
98,400
-52,500
| -35% | -$5.72M |
|
3168
CALL
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
$252M
| $9.14M | ﹤0.01% |
417,200
-267,100
| -39% | -$6.21M |
|
3169
Regions Financial
RF
$27.2B
| $9.13M | ﹤0.01% |
336,903
-244,906
| -42% | -$6.26M |
|
3170
CALL
Canadian National Railway
CNI
$76.7B
| $9.12M | ﹤0.01% |
92,300
-122,000
| -57% | -$11.7M |
|
3171
CALL
Syndax Pharmaceuticals
SNDX
$1.77B
| $9.12M | ﹤0.01% |
434,100
+21,100
| +5% | +$368K |
|
3172
Franklin Bitcoin ETF
EZBC
$372M
| $9.12M | ﹤0.01% |
180,157
+161,338
| +857% | +$9.35M |
|
3173
Phathom Pharmaceuticals
PHAT
$775M
| $9.11M | ﹤0.01% |
549,171
+394,894
| +256% | +$5.64M |
|
3174
Liberty Live Group Series A
LLYVA
$9.66B
| $9.11M | ﹤0.01% |
111,782
+20,425
| +22% | +$1.7M |
|
|
BBU
3175
DELISTED
Brookfield Business Partners
BBU
| $9.1M | ﹤0.01% |
258,601
+237,619
| +1,132% | +$8.15M |
|
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.