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 | |
|---|---|---|---|---|---|---|
|
RNAM
3751
CALL
DELISTED
Avidity Biosciences
RNAM
| $5.96M | ﹤0.01% |
82,600
-331,600
| -80% | -$21.4M |
|
3752
CALL
Applied Industrial Technologies
AIT
$13.3B
| $5.96M | ﹤0.01% |
23,200
-28,500
| -55% | -$7.29M |
|
3753
CALL
Qiagen
QGEN
$8.87B
| $5.95M | ﹤0.01% |
132,200
+109,000
| +470% | +$5.04M |
|
3754
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$21.1B
| $5.94M | ﹤0.01% |
43,400
-20,400
| -32% | -$2.85M |
|
3755
PUT
Ameriprise Financial
AMP
$50.3B
| $5.93M | ﹤0.01% |
12,100
+1,400
| +13% | +$664K |
|
3756
PUT
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.29B
| $5.93M | ﹤0.01% |
92,300
-4,700
| -5% | -$318K |
|
3757
PUT
Equinor
EQNR
$96.8B
| $5.93M | ﹤0.01% |
250,800
-73,300
| -23% | -$1.73M |
|
3758
CALL
City Holding Co
CHCO
$2.07B
| $5.92M | ﹤0.01% |
+49,700
| New | +$6.05M |
|
3759
CALL
First Industrial Realty Trust
FR
$8.33B
| $5.92M | ﹤0.01% |
103,400
+94,300
| +1,036% | +$5.26M |
|
|
KRMN
3760
CALL
Karman Holdings
KRMN
$8.22B
| $5.92M | ﹤0.01% |
80,900
+39,000
| +93% | +$2.82M |
|
3761
PUT
Solventum
SOLV
$15.1B
| $5.92M | ﹤0.01% |
74,700
-56,900
| -43% | -$4.36M |
|
3762
PUT
Clover Health Investments
CLOV
$2.44B
| $5.92M | ﹤0.01% |
2,518,500
+617,400
| +32% | +$1.69M |
|
3763
Paycom
PAYC
$9.83B
| $5.91M | ﹤0.01% |
37,096
+11,792
| +47% | +$2.09M |
|
3764
Fortune Brands Innovations
FBIN
$5.71B
| $5.91M | ﹤0.01% |
118,101
+35,892
| +44% | +$1.8M |
|
3765
Aurora
AUR
$13.7B
| $5.91M | ﹤0.01% |
1,538,116
+62,936
| +4% | +$288K |
|
3766
Invesco CurrencyShares Euro Currency Trust
FXE
$342M
| $5.91M | ﹤0.01% |
54,458
+1,889
| +4% | +$203K |
|
3767
PUT
PTC
PTC
$16.2B
| $5.91M | ﹤0.01% |
33,900
+12,200
| +56% | +$2.27M |
|
3768
Remitly
RELY
$5.54B
| $5.9M | ﹤0.01% |
427,528
+167,633
| +65% | +$2.44M |
|
3769
Replimune Group
REPL
$1.4B
| $5.9M | ﹤0.01% |
+606,844
| New | +$5.16M |
|
3770
PUT
Ventas
VTR
$46.9B
| $5.9M | ﹤0.01% |
76,200
+16,200
| +27% | +$1.22M |
|
|
AEVA
3771
CALL
Aeva Technologies
AEVA
$1.62B
| $5.89M | ﹤0.01% |
443,800
-3,700
| -0.8% | -$52.7K |
|
3772
CALL
Vanguard Energy ETF
VDE
$10.6B
| $5.89M | ﹤0.01% |
46,800
-17,200
| -27% | -$2.16M |
|
3773
Papa John's
PZZA
$799M
| $5.89M | ﹤0.01% |
153,086
-519,196
| -77% | -$22.9M |
|
3774
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$518M
| $5.89M | ﹤0.01% |
116,694
-27,340
| -19% | -$1.36M |
|
3775
CALL
CBRE Group
CBRE
$44.3B
| $5.88M | ﹤0.01% |
36,600
-99,800
| -73% | -$15.7M |
|
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.