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 | |
|---|---|---|---|---|---|---|
3451
Teladoc Health
TDOC
$1.24B
| $7.43M | ﹤0.01% |
1,061,468
-449,643
| -30% | -$3.52M |
|
3452
Principal Financial Group
PFG
$24.4B
| $7.43M | ﹤0.01% |
84,176
-4,361
| -5% | -$368K |
|
3453
CALL
Goodyear
GT
$1.76B
| $7.42M | ﹤0.01% |
847,100
+309,100
| +57% | +$2.44M |
|
3454
CALL
Medpace
MEDP
$16.1B
| $7.41M | ﹤0.01% |
13,200
-17,900
| -58% | -$10.2M |
|
3455
Lionsgate Studios
LION
$3.57B
| $7.41M | ﹤0.01% |
811,847
+295,594
| +57% | +$2.1M |
|
3456
CALL
Northern Oil and Gas
NOG
$2.61B
| $7.41M | ﹤0.01% |
345,100
+56,100
| +19% | +$1.26M |
|
3457
CALL
Wabtec
WAB
$50.5B
| $7.41M | ﹤0.01% |
34,700
-8,500
| -20% | -$1.75M |
|
3458
iShares Global Industrials ETF
EXI
$1.49B
| $7.4M | ﹤0.01% |
42,223
-18,712
| -31% | -$3.24M |
|
|
IAUX
3459
i-80 Gold Corp
IAUX
$1.45B
| $7.4M | ﹤0.01% |
5,069,181
+4,966,936
| +4,858% | +$5.65M |
|
3460
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $7.39M | ﹤0.01% |
133,500
+2,300
| +2% | +$116K |
|
|
SEZL
3461
CALL
Sezzle
SEZL
$4.34B
| $7.39M | ﹤0.01% |
116,400
-46,500
| -29% | -$3.17M |
|
3462
PUT
WD-40
WDFC
$3.08B
| $7.38M | ﹤0.01% |
37,500
+25,700
| +218% | +$5.07M |
|
3463
YieldMax Ultra Option Income Strategy ETF
ULTY
$767M
| $7.38M | ﹤0.01% |
197,716
+117,827
| +147% | +$5.3M |
|
3464
CALL
Brighthouse Financial
BHF
$3.37B
| $7.35M | ﹤0.01% |
113,500
-867,400
| -88% | -$51M |
|
3465
WisdomTree Bloomberg US Dollar Bullish Fund
USDU
$456M
| $7.35M | ﹤0.01% |
284,986
+248,774
| +687% | +$6.66M |
|
3466
CALL
SBA Communications
SBAC
$19.6B
| $7.35M | ﹤0.01% |
38,000
-13,900
| -27% | -$2.69M |
|
3467
PUT
iShares US Technology ETF
IYW
$25.6B
| $7.35M | ﹤0.01% |
36,800
-23,400
| -39% | -$4.68M |
|
3468
CALL
Hudbay
HBM
$11.9B
| $7.34M | ﹤0.01% |
370,000
-159,800
| -30% | -$2.7M |
|
|
OPRA
3469
Opera Ltd
OPRA
$1.82B
| $7.33M | ﹤0.01% |
517,838
+382,645
| +283% | +$5.64M |
|
3470
CALL
Global X MSCI Argentina ETF
ARGT
$808M
| $7.33M | ﹤0.01% |
80,200
-21,600
| -21% | -$1.84M |
|
3471
Caesars Entertainment
CZR
$6.06B
| $7.33M | ﹤0.01% |
313,385
-169,880
| -35% | -$3.82M |
|
3472
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$188M
| $7.32M | ﹤0.01% |
285,300
-36,300
| -11% | -$1.15M |
|
3473
CALL
Enova International
ENVA
$6.61B
| $7.31M | ﹤0.01% |
46,500
+25,300
| +119% | +$3.29M |
|
3474
Genuine Parts
GPC
$18.6B
| $7.3M | ﹤0.01% |
59,354
+37,311
| +169% | +$4.83M |
|
3475
JPMorgan Equity Premium Income ETF
JEPI
$46.3B
| $7.3M | ﹤0.01% |
+127,447
| New | +$7.28M |
|
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.