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 | |
|---|---|---|---|---|---|---|
4051
PENN Entertainment
PENN
$2.52B
| $4.9M | ﹤0.01% |
332,022
-415,051
| -56% | -$6.48M |
|
4052
PUT
Vipshop
VIPS
$6.81B
| $4.9M | ﹤0.01% |
276,800
-611,800
| -69% | -$11.8M |
|
|
Q
4053
CALL
Qnity Electronics Inc
Q
$29.8B
| $4.89M | ﹤0.01% |
+59,900
| New | +$5.09M |
|
4054
PUT
Pampa Energía
PAM
$4.23B
| $4.89M | ﹤0.01% |
55,200
+17,900
| +48% | +$1.44M |
|
4055
ArriVent BioPharma
AVBP
$1.46B
| $4.89M | ﹤0.01% |
+242,828
| New | +$5.05M |
|
4056
Impinj
PI
$5.28B
| $4.88M | ﹤0.01% |
+28,068
| New | +$5M |
|
4057
Pacific Biosciences
PACB
$357M
| $4.88M | ﹤0.01% |
2,611,543
+1,236,284
| +90% | +$2.38M |
|
4058
Olin
OLN
$2.18B
| $4.88M | ﹤0.01% |
234,349
-35,590
| -13% | -$768K |
|
4059
PUT
Herbalife
HLF
$1.29B
| $4.88M | ﹤0.01% |
378,300
-105,700
| -22% | -$1.12M |
|
4060
Church & Dwight Co
CHD
$24B
| $4.87M | ﹤0.01% |
58,114
-26,481
| -31% | -$2.26M |
|
4061
Tradr 2X Long Innovation ETFShort Innovation Daily ETF
SARK
$39.1M
| $4.87M | ﹤0.01% |
+161,026
| New | +$4.73M |
|
4062
CALL
Corebridge Financial
CRBG
$15.4B
| $4.87M | ﹤0.01% |
161,300
-566,200
| -78% | -$17.4M |
|
4063
West Pharmaceutical
WST
$24.6B
| $4.87M | ﹤0.01% |
17,684
+9,345
| +112% | +$2.56M |
|
4064
Antero Resources
AR
$11.5B
| $4.86M | ﹤0.01% |
141,169
-339,535
| -71% | -$11.5M |
|
4065
PUT
Willis Towers Watson
WTW
$30.8B
| $4.86M | ﹤0.01% |
14,800
-49,000
| -77% | -$16M |
|
4066
CALL
Kinetik
KNTK
$4.3B
| $4.86M | ﹤0.01% |
134,800
-48,100
| -26% | -$1.74M |
|
4067
Invesco CurrencyShares Canadian Dollar Trust
FXC
$73.9M
| $4.85M | ﹤0.01% |
68,159
+38,724
| +132% | +$2.71M |
|
4068
PUT
Cullen/Frost Bankers
CFR
$10.6B
| $4.85M | ﹤0.01% |
38,300
+27,200
| +245% | +$3.41M |
|
4069
PUT
iShares MSCI USA Min Vol Factor ETF
USMV
$24.5B
| $4.85M | ﹤0.01% |
51,500
-24,100
| -32% | -$2.27M |
|
4070
PUT
NNN REIT
NNN
$8.83B
| $4.85M | ﹤0.01% |
122,300
+86,000
| +237% | +$3.53M |
|
4071
CALL
Gates Industrial Corp
GTES
$7.03B
| $4.85M | ﹤0.01% |
225,700
+18,600
| +9% | +$429K |
|
4072
Fidelity MSCI Information Technology Index ETF
FTEC
$21.5B
| $4.84M | ﹤0.01% |
21,563
-8,509
| -28% | -$1.93M |
|
4073
PUT
Houlihan Lokey
HLI
$8.99B
| $4.84M | ﹤0.01% |
27,800
+26,000
| +1,444% | +$4.77M |
|
4074
CALL
Kopin
KOPN
$1.02B
| $4.84M | ﹤0.01% |
2,067,800
+351,600
| +20% | +$1.02M |
|
4075
Evolv Technologies
EVLV
$1.05B
| $4.84M | ﹤0.01% |
675,464
+643,750
| +2,030% | +$4.58M |
|
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.