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 | |
|---|---|---|---|---|---|---|
3676
CALL
Intellia Therapeutics
NTLA
$1.67B
| $6.29M | ﹤0.01% |
699,800
+390,200
| +126% | +$5.37M |
|
3677
PUT
Appian
APPN
$2.54B
| $6.28M | ﹤0.01% |
177,400
-542,600
| -75% | -$19.3M |
|
3678
Vanguard FTSE Pacific ETF
VPL
$8.64B
| $6.28M | ﹤0.01% |
69,485
+50,168
| +260% | +$4.54M |
|
3679
CALL
Kodak
KODK
$979M
| $6.28M | ﹤0.01% |
742,400
+229,400
| +45% | +$1.72M |
|
3680
CALL
CryoPort
CYRX
$772M
| $6.28M | ﹤0.01% |
653,900
+379,000
| +138% | +$3.58M |
|
3681
Capital Group International Equity ETF
CGIE
$2.47B
| $6.27M | ﹤0.01% |
180,190
+173,839
| +2,737% | +$5.96M |
|
|
AVGX
3682
CALL
Defiance Daily Target 2X Long AVGO ETF
AVGX
$190M
| $6.27M | ﹤0.01% |
133,700
-92,900
| -41% | -$4.98M |
|
3683
Vanguard Russell 1000 Value ETF
VONV
$22B
| $6.27M | ﹤0.01% |
67,905
+63,348
| +1,390% | +$5.75M |
|
3684
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
| $6.26M | ﹤0.01% |
+106,664
| New | +$6.27M |
|
3685
Global X Artificial Intelligence & Technology ETF
AIQ
$10.3B
| $6.26M | ﹤0.01% |
+123,039
| New | +$6.25M |
|
3686
CALL
Harmony Gold Mining
HMY
$12.1B
| $6.25M | ﹤0.01% |
314,100
+83,900
| +36% | +$1.57M |
|
|
WCN
3687
CALL
Waste Connections
WCN
$41.8B
| $6.24M | ﹤0.01% |
35,600
-163,100
| -82% | -$28.2M |
|
3688
Builders FirstSource
BLDR
$7.8B
| $6.24M | ﹤0.01% |
60,670
-40,404
| -40% | -$4.54M |
|
3689
iShares AAA-A Rated Corporate Bond ETF
QLTA
$1.21B
| $6.24M | ﹤0.01% |
129,797
+76,094
| +142% | +$3.68M |
|
|
DYNC
3690
Dynamix Corp
DYNC
$240M
| $6.24M | ﹤0.01% |
606,595
+72,567
| +14% | +$753K |
|
|
DDFN
3691
Innovator Equity Dual Directional 15 Buffer ETF - November
DDFN
$75.4M
| $6.23M | ﹤0.01% |
+325,000
| New | +$6.19M |
|
3692
CALL
Curtiss-Wright
CW
$25.8B
| $6.23M | ﹤0.01% |
11,300
-14,200
| -56% | -$7.92M |
|
3693
Cboe Global Markets
CBOE
$30.9B
| $6.22M | ﹤0.01% |
24,797
-18,266
| -42% | -$4.54M |
|
3694
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.19B
| $6.22M | ﹤0.01% |
26,983
-9,176
| -25% | -$2.11M |
|
|
AVGX
3695
PUT
Defiance Daily Target 2X Long AVGO ETF
AVGX
$190M
| $6.22M | ﹤0.01% |
132,600
+17,800
| +16% | +$955K |
|
3696
Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
$140M
| $6.22M | ﹤0.01% |
30,137
+8,190
| +37% | +$1.96M |
|
3697
PUT
CoreCivic
CXW
$3.25B
| $6.21M | ﹤0.01% |
325,000
+21,800
| +7% | +$399K |
|
|
HIVE
3698
CALL
HIVE Digital Technologies
HIVE
$736M
| $6.2M | ﹤0.01% |
2,404,700
-127,100
| -5% | -$537K |
|
3699
ADT
ADT
$5.47B
| $6.2M | ﹤0.01% |
768,683
-782,337
| -50% | -$6.5M |
|
3700
CALL
New York Times
NYT
$10.4B
| $6.17M | ﹤0.01% |
88,900
-53,400
| -38% | -$3.31M |
|
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.