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 | |
|---|---|---|---|---|---|---|
3926
CALL
iShares MSCI Italy ETF
EWI
$1.08B
| $5.29M | ﹤0.01% |
97,400
+90,600
| +1,332% | +$4.76M |
|
3927
Richtech Robotics
RR
$402M
| $5.29M | ﹤0.01% |
1,638,162
-1,531,467
| -48% | -$6.77M |
|
|
CMBT
3928
PUT
CMB.TECH NV
CMBT
$5B
| $5.28M | ﹤0.01% |
547,600
-135,000
| -20% | -$1.31M |
|
3929
CALL
BRC Group Holdings
RILY
$299M
| $5.28M | ﹤0.01% |
1,131,100
+602,400
| +114% | +$2.98M |
|
3930
Kodiak Gas Services
KGS
$6.6B
| $5.28M | ﹤0.01% |
141,157
+63,503
| +82% | +$2.25M |
|
|
SMCX
3931
PUT
Defiance Daily Target 2X Long SMCI ETF
SMCX
$305M
| $5.27M | ﹤0.01% |
231,350
-17,150
| -7% | -$953K |
|
3932
PUT
Onto Innovation
ONTO
$20.3B
| $5.27M | ﹤0.01% |
33,400
-54,300
| -62% | -$7.71M |
|
3933
Western Union
WU
$2.32B
| $5.27M | ﹤0.01% |
566,038
-822,684
| -59% | -$7.27M |
|
3934
CALL
Phathom Pharmaceuticals
PHAT
$775M
| $5.27M | ﹤0.01% |
317,600
+262,300
| +474% | +$3.75M |
|
3935
PUT
PACS Group
PACS
$7.04B
| $5.26M | ﹤0.01% |
137,100
+17,600
| +15% | +$386K |
|
3936
PUT
ProShares UltraPro Short Dow 30
SDOW
$186M
| $5.26M | ﹤0.01% |
164,700
+63,500
| +63% | +$2.15M |
|
3937
PUT
Teekay Tankers
TNK
$2.95B
| $5.26M | ﹤0.01% |
98,500
+57,500
| +140% | +$3.23M |
|
3938
iShares S&P Small-Cap 600 Value ETF
IJS
$8.45B
| $5.26M | ﹤0.01% |
46,265
+12,341
| +36% | +$1.38M |
|
3939
CALL
iShares Russell 3000 ETF
IWV
$20.5B
| $5.26M | ﹤0.01% |
13,600
-700
| -5% | -$269K |
|
3940
PUT
ProShares UltraPro Dow 30
UDOW
$924M
| $5.25M | ﹤0.01% |
90,600
-39,200
| -30% | -$2.19M |
|
3941
TotalEnergies
TTE
$196B
| $5.24M | ﹤0.01% |
80,090
-115,818
| -59% | -$7.32M |
|
3942
BioCryst Pharmaceuticals
BCRX
$2.49B
| $5.24M | ﹤0.01% |
671,693
+425,932
| +173% | +$3.08M |
|
3943
PUT
Trex
TREX
$5.06B
| $5.23M | ﹤0.01% |
149,200
+50,500
| +51% | +$2.04M |
|
3944
PUT
Direxion Daily MSCI India Bull 2X ETF
INDL
$56.9M
| $5.23M | ﹤0.01% |
92,000
+5,200
| +6% | +$297K |
|
3945
CALL
Thomson Reuters
TRI
$44.9B
| $5.22M | ﹤0.01% |
38,989
-16,934
| -30% | -$2.45M |
|
3946
AbCellera Biologics
ABCL
$3.49B
| $5.21M | ﹤0.01% |
1,524,563
+106,030
| +7% | +$473K |
|
3947
PUT
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$195M
| $5.21M | ﹤0.01% |
140,300
+1,800
| +1% | +$62.6K |
|
3948
PUT
Intellia Therapeutics
NTLA
$1.67B
| $5.21M | ﹤0.01% |
579,900
+133,200
| +30% | +$1.83M |
|
3949
PUT
Franklin Resources
BEN
$17.2B
| $5.21M | ﹤0.01% |
218,200
+56,000
| +35% | +$1.29M |
|
3950
PUT
FIVE9
FIVN
$2.47B
| $5.21M | ﹤0.01% |
259,700
-229,800
| -47% | -$4.88M |
|
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.