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 | |
|---|---|---|---|---|---|---|
3626
Howard Hughes
HHH
$3.98B
| $6.52M | ﹤0.01% |
81,696
+30,662
| +60% | +$2.54M |
|
3627
Willis Towers Watson
WTW
$30.8B
| $6.51M | ﹤0.01% |
19,822
-14,004
| -41% | -$4.58M |
|
3628
Capital Group Dividend Value ETF
CGDV
$38.8B
| $6.5M | ﹤0.01% |
+149,018
| New | +$6.4M |
|
3629
PUT
FMC
FMC
$1.27B
| $6.5M | ﹤0.01% |
468,400
-270,700
| -37% | -$5.16M |
|
|
MSTZ
3630
CALL
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$103M
| $6.49M | ﹤0.01% |
378,500
-498,400
| -57% | -$5.07M |
|
3631
Cenovus Energy
CVE
$57.2B
| $6.48M | ﹤0.01% |
383,237
+197,487
| +106% | +$3.43M |
|
3632
CALL
Snap-on
SNA
$20.9B
| $6.48M | ﹤0.01% |
18,800
+3,200
| +21% | +$1.09M |
|
3633
Vanguard Real Estate ETF
VNQ
$39.2B
| $6.48M | ﹤0.01% |
73,183
+39,617
| +118% | +$3.56M |
|
3634
PUT
ProShares Ultra Semiconductors
USD
$2.96B
| $6.47M | ﹤0.01% |
123,300
-34,500
| -22% | -$1.83M |
|
|
CMPS
3635
CALL
Compass Pathways
CMPS
$1.86B
| $6.47M | ﹤0.01% |
938,100
+443,900
| +90% | +$2.71M |
|
|
SEE
3636
DELISTED
Sealed Air
SEE
| $6.47M | ﹤0.01% |
156,133
+104,426
| +202% | +$4.04M |
|
3637
PUT
Main Street Capital
MAIN
$5.5B
| $6.46M | ﹤0.01% |
107,000
+9,600
| +10% | +$566K |
|
3638
PUT
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.38B
| $6.46M | ﹤0.01% |
24,000
+9,700
| +68% | +$2.66M |
|
|
VZLA
3639
Vizsla Silver
VZLA
$1.32B
| $6.45M | ﹤0.01% |
1,180,036
+1,080,366
| +1,084% | +$5.07M |
|
3640
CALL
MoonLake Immunotherapeutics
MLTX
$1.4B
| $6.45M | ﹤0.01% |
489,100
-62,400
| -11% | -$736K |
|
3641
Varonis Systems
VRNS
$5.17B
| $6.45M | ﹤0.01% |
196,519
+170,323
| +650% | +$7.15M |
|
3642
Wave Life Sciences
WVE
$1.07B
| $6.44M | ﹤0.01% |
378,987
+182,707
| +93% | +$1.86M |
|
3643
PUT
DigitalBridge
DBRG
$2.94B
| $6.44M | ﹤0.01% |
419,800
+2,900
| +0.7% | +$34.8K |
|
3644
PUT
MakeMyTrip
MMYT
$5.68B
| $6.44M | ﹤0.01% |
78,400
+41,400
| +112% | +$3.4M |
|
|
URG
3645
Ur-Energy
URG
$537M
| $6.44M | ﹤0.01% |
4,630,205
+2,680,027
| +137% | +$3.97M |
|
3646
PUT
FuboTV Inc
FUBO
$307M
| $6.43M | ﹤0.01% |
212,783
+73,066
| +52% | +$2.92M |
|
3647
CALL
Sportradar
SRAD
$4.09B
| $6.43M | ﹤0.01% |
270,700
-52,100
| -16% | -$1.25M |
|
3648
CALL
Fidelity MSCI Information Technology Index ETF
FTEC
$21.5B
| $6.43M | ﹤0.01% |
28,600
+3,200
| +13% | +$725K |
|
|
MASI
3649
PUT
DELISTED
Masimo
MASI
| $6.42M | ﹤0.01% |
49,400
+18,600
| +60% | +$2.66M |
|
3650
PUT
Vornado Realty Trust
VNO
$7.28B
| $6.42M | ﹤0.01% |
193,000
+24,600
| +15% | +$899K |
|
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.