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 | |
|---|---|---|---|---|---|---|
3976
PUT
Gulfport Energy Corp
GPOR
$3.01B
| $5.14M | ﹤0.01% |
24,700
-27,900
| -53% | -$5.56M |
|
3977
PUT
Comstock Resources
CRK
$4.13B
| $5.13M | ﹤0.01% |
221,300
-13,200
| -6% | -$291K |
|
3978
iShares Global Tech ETF
IXN
$9.42B
| $5.13M | ﹤0.01% |
+48,818
| New | +$5.15M |
|
|
VOYG
3979
PUT
Voyager Technologies
VOYG
$2.6B
| $5.12M | ﹤0.01% |
196,000
-68,300
| -26% | -$1.85M |
|
3980
PUT
Lantheus
LNTH
$6.59B
| $5.12M | ﹤0.01% |
76,900
-24,000
| -24% | -$1.4M |
|
3981
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.53B
| $5.12M | ﹤0.01% |
35,500
-25,700
| -42% | -$3.52M |
|
3982
PIMCO RAFI Multi-Factor International Equity ETF
MFDX
$472M
| $5.12M | ﹤0.01% |
+133,117
| New | +$5M |
|
3983
iShares US Insurance ETF
IAK
$539M
| $5.11M | ﹤0.01% |
37,551
+13,760
| +58% | +$1.82M |
|
3984
CALL
Zymeworks
ZYME
$1.78B
| $5.11M | ﹤0.01% |
194,100
+39,900
| +26% | +$870K |
|
3985
CALL
LCI Industries
LCII
$2.58B
| $5.11M | ﹤0.01% |
42,100
+36,800
| +694% | +$3.91M |
|
3986
PUT
Brookfield
BN
$107B
| $5.11M | ﹤0.01% |
111,300
-331,950
| -75% | -$15.1M |
|
3987
PUT
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.39B
| $5.11M | ﹤0.01% |
8,157
-2,922
| -26% | -$2.15M |
|
3988
Ameren
AEE
$30.4B
| $5.1M | ﹤0.01% |
51,083
-29,961
| -37% | -$3.07M |
|
3989
PUT
ProShares UltraPro Russell2000
URTY
$368M
| $5.1M | ﹤0.01% |
95,900
-1,100
| -1% | -$59.5K |
|
3990
First Trust US Equity Opportunities ETF
FPX
$1.57B
| $5.1M | ﹤0.01% |
31,157
+5,202
| +20% | +$854K |
|
3991
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $5.09M | ﹤0.01% |
71,302
+50,700
| +246% | +$3.8M |
|
3992
CALL
Stratasys
SSYS
$781M
| $5.08M | ﹤0.01% |
585,600
+143,500
| +32% | +$1.42M |
|
3993
PUT
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.9B
| $5.08M | ﹤0.01% |
61,500
-500
| -0.8% | -$41.1K |
|
|
CGIC
3994
Capital Group International Core Equity ETF
CGIC
$2.42B
| $5.07M | ﹤0.01% |
156,153
+146,193
| +1,468% | +$4.61M |
|
3995
Principal Exchange-Traded Funds Principal US Small-Cap ETF
PSC
$2.34B
| $5.07M | ﹤0.01% |
87,836
+39,499
| +82% | +$2.26M |
|
3996
Nasdaq
NDAQ
$54.2B
| $5.07M | ﹤0.01% |
52,206
-6,611
| -11% | -$595K |
|
3997
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$161M
| $5.07M | ﹤0.01% |
51,025
+29,580
| +138% | +$2.92M |
|
3998
CALL
Finance of America Companies
FOA
$201M
| $5.07M | ﹤0.01% |
209,400
-234,200
| -53% | -$5.33M |
|
3999
PUT
Vanguard Health Care ETF
VHT
$18.9B
| $5.07M | ﹤0.01% |
17,600
-10,700
| -38% | -$2.99M |
|
|
GRMN
4000
Garmin
GRMN
$59.8B
| $5.06M | ﹤0.01% |
24,964
+1,101
| +5% | +$239K |
|
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.