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 | |
|---|---|---|---|---|---|---|
3801
CALL
Republic Services
RSG
$65.7B
| $5.76M | ﹤0.01% |
27,200
-71,500
| -72% | -$15.4M |
|
3802
Credit Acceptance
CACC
$6.1B
| $5.76M | ﹤0.01% |
12,985
+2,977
| +30% | +$1.38M |
|
3803
CALL
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$89.9M
| $5.76M | ﹤0.01% |
72,200
-91,400
| -56% | -$7M |
|
3804
GoPro
GPRO
$110M
| $5.75M | ﹤0.01% |
4,078,207
+463,609
| +13% | +$841K |
|
3805
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$111B
| $5.75M | ﹤0.01% |
79,200
-1,200
| -1% | -$87.3K |
|
3806
TTM Technologies
TTMI
$14.7B
| $5.75M | ﹤0.01% |
83,265
-76,365
| -48% | -$4.98M |
|
3807
Advanced Drainage Systems
WMS
$11.4B
| $5.74M | ﹤0.01% |
39,647
+26,036
| +191% | +$3.77M |
|
3808
Huntsman Corp
HUN
$1.81B
| $5.74M | ﹤0.01% |
573,591
+273,643
| +91% | +$2.51M |
|
3809
PUT
Knight Transportation
KNX
$11.8B
| $5.74M | ﹤0.01% |
109,700
+600
| +0.5% | +$28.1K |
|
|
SARO
3810
StandardAero Inc
SARO
$9.23B
| $5.73M | ﹤0.01% |
199,799
+152,325
| +321% | +$4.15M |
|
3811
CALL
Vanguard Financials ETF
VFH
$14B
| $5.73M | ﹤0.01% |
42,900
-6,400
| -13% | -$831K |
|
3812
CALL
Vipshop
VIPS
$6.81B
| $5.73M | ﹤0.01% |
323,700
-48,100
| -13% | -$925K |
|
3813
Black Hills Corp
BKH
$5.66B
| $5.72M | ﹤0.01% |
+82,350
| New | +$5.55M |
|
3814
Global Payments
GPN
$24.6B
| $5.71M | ﹤0.01% |
73,806
+25,532
| +53% | +$2.06M |
|
|
HSAI
3815
PUT
Hesai Group
HSAI
$2.86B
| $5.71M | ﹤0.01% |
255,000
-179,500
| -41% | -$3.93M |
|
3816
PVH
PVH
$3.8B
| $5.7M | ﹤0.01% |
85,103
+45,559
| +115% | +$3.56M |
|
3817
CALL
Popular Inc
BPOP
$11.3B
| $5.7M | ﹤0.01% |
45,800
-10,100
| -18% | -$1.19M |
|
3818
CALL
CoinShares Bitcoin Mining ETF
WGMI
$243M
| $5.7M | ﹤0.01% |
149,000
-156,900
| -51% | -$7.69M |
|
|
CGCV
3819
Capital Group Conservative Equity ETF
CGCV
$2.02B
| $5.69M | ﹤0.01% |
186,717
+78,870
| +73% | +$2.39M |
|
|
DX
3820
Dynex Capital
DX
$3.24B
| $5.67M | ﹤0.01% |
404,993
+355,887
| +725% | +$4.8M |
|
3821
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $5.67M | ﹤0.01% |
70,287
-381,128
| -84% | -$30.7M |
|
3822
PUT
Root
ROOT
$797M
| $5.66M | ﹤0.01% |
78,400
-134,200
| -63% | -$10.7M |
|
3823
PUT
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $5.66M | ﹤0.01% |
17,600
+5,400
| +44% | +$1.78M |
|
3824
CALL
Defiance Quantum ETF
QTUM
$5.84B
| $5.66M | ﹤0.01% |
51,600
+20,500
| +66% | +$2.26M |
|
|
DCH
3825
Dauch Corp
DCH
$1.6B
| $5.66M | ﹤0.01% |
882,429
-42,639
| -5% | -$265K |
|
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.