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 | |
|---|---|---|---|---|---|---|
3651
PUT
Tiptree Inc
TIPT
$672M
| $6.42M | ﹤0.01% |
351,200
-9,500
| -3% | -$173K |
|
3652
Goodyear
GT
$1.76B
| $6.41M | ﹤0.01% |
732,203
+131,619
| +22% | +$1.04M |
|
3653
CALL
CubeSmart
CUBE
$9.34B
| $6.41M | ﹤0.01% |
177,900
-1,900
| -1% | -$72.2K |
|
|
FOLD
3654
PUT
DELISTED
Amicus Therapeutics
FOLD
| $6.41M | ﹤0.01% |
450,200
+28,500
| +7% | +$280K |
|
|
NAK
3655
Northern Dynasty Minerals
NAK
$908M
| $6.41M | ﹤0.01% |
3,253,362
+2,162,969
| +198% | +$4.17M |
|
3656
PUT
Hercules Capital
HTGC
$3.13B
| $6.4M | ﹤0.01% |
340,200
+118,200
| +53% | +$2.13M |
|
3657
PUT
Corteva
CTVA
$51.2B
| $6.4M | ﹤0.01% |
95,500
-229,100
| -71% | -$14.8M |
|
3658
PUT
Corebridge Financial
CRBG
$15.4B
| $6.4M | ﹤0.01% |
212,100
+85,300
| +67% | +$2.62M |
|
|
DFTX
3659
Definium Therapeutics
DFTX
$5.73B
| $6.39M | ﹤0.01% |
477,112
+459,839
| +2,662% | +$5.69M |
|
3660
PUT
Altimmune
ALT
$572M
| $6.38M | ﹤0.01% |
1,766,600
+80,300
| +5% | +$350K |
|
3661
CALL
PBF Energy
PBF
$8.52B
| $6.36M | ﹤0.01% |
234,600
-45,600
| -16% | -$1.46M |
|
|
BTC
3662
PUT
Grayscale Bitcoin Mini Trust ETF
BTC
$3.33B
| $6.35M | ﹤0.01% |
164,000
+77,700
| +90% | +$3.44M |
|
3663
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.34B
| $6.35M | ﹤0.01% |
+79,935
| New | +$6.18M |
|
|
SF
3664
CALL
Stifel
SF
$12.9B
| $6.35M | ﹤0.01% |
76,050
+29,700
| +64% | +$2.37M |
|
3665
PUT
Unifirst Corp
UNF
$5.19B
| $6.35M | ﹤0.01% |
+32,900
| New | +$5.55M |
|
3666
Vanguard FTSE Europe ETF
VGK
$31.1B
| $6.35M | ﹤0.01% |
75,896
+61,975
| +445% | +$5.04M |
|
3667
PUT
HF Sinclair
DINO
$16.7B
| $6.35M | ﹤0.01% |
137,700
-120,400
| -47% | -$6.21M |
|
3668
PUT
Commault Systems
CVLT
$6.1B
| $6.34M | ﹤0.01% |
50,600
+12,200
| +32% | +$1.72M |
|
|
BLD
3669
CALL
DELISTED
TopBuild
BLD
| $6.34M | ﹤0.01% |
15,200
-7,900
| -34% | -$3.39M |
|
3670
Weyerhaeuser
WY
$17.7B
| $6.34M | ﹤0.01% |
267,499
+115,400
| +76% | +$2.67M |
|
|
WAY
3671
CALL
Waystar Holding Corp
WAY
$4.75B
| $6.33M | ﹤0.01% |
193,300
+8,400
| +5% | +$299K |
|
|
VZLA
3672
CALL
Vizsla Silver
VZLA
$1.32B
| $6.33M | ﹤0.01% |
+1,157,300
| New | +$5.43M |
|
|
KC
3673
Kingsoft Cloud Holdings
KC
$3.51B
| $6.31M | ﹤0.01% |
610,208
+290,054
| +91% | +$3.56M |
|
3674
WisdomTree US LargeCap Fund
EPS
$1.66B
| $6.31M | ﹤0.01% |
89,021
+56,918
| +177% | +$3.98M |
|
3675
iShares Russell Top 200 Growth ETF
IWY
$16.7B
| $6.3M | ﹤0.01% |
22,732
+4,118
| +22% | +$1.14M |
|
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.