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 | |
|---|---|---|---|---|---|---|
4126
CALL
RadNet
RDNT
$6.01B
| $4.69M | ﹤0.01% |
65,700
+31,700
| +93% | +$2.45M |
|
4127
CALL
AutoNation
AN
$6.92B
| $4.69M | ﹤0.01% |
22,700
+10,300
| +83% | +$2.14M |
|
4128
KE Holdings
BEKE
$18.8B
| $4.68M | ﹤0.01% |
297,107
-99,434
| -25% | -$1.71M |
|
4129
CALL
Ollie's Bargain Outlet
OLLI
$4.62B
| $4.68M | ﹤0.01% |
42,700
-15,400
| -27% | -$1.86M |
|
4130
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $4.68M | ﹤0.01% |
65,500
+32,900
| +101% | +$2.47M |
|
4131
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $4.68M | ﹤0.01% |
89,914
+76,092
| +551% | +$3.93M |
|
4132
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $4.67M | ﹤0.01% |
72,963
-152,896
| -68% | -$9.67M |
|
4133
Emergent Biosolutions
EBS
$235M
| $4.67M | ﹤0.01% |
377,712
+98,759
| +35% | +$1.06M |
|
4134
McGrath RentCorp
MGRC
$2.99B
| $4.67M | ﹤0.01% |
44,489
+1,180
| +3% | +$128K |
|
4135
PUT
BCE
BCE
$21.9B
| $4.67M | ﹤0.01% |
195,900
-175,800
| -47% | -$4.09M |
|
4136
PUT
Kyndryl
KD
$2.87B
| $4.66M | ﹤0.01% |
175,600
+125,700
| +252% | +$3.41M |
|
4137
iShares MSCI Emerging Markets ETF
EEM
$30.5B
| $4.66M | ﹤0.01% |
85,172
-348,856
| -80% | -$19M |
|
4138
CALL
iShares Core MSCI Emerging Markets ETF
IEMG
$159B
| $4.66M | ﹤0.01% |
69,300
-2,900
| -4% | -$195K |
|
4139
PUT
Vor Biopharma
VOR
$1.36B
| $4.66M | ﹤0.01% |
355,900
-62,900
| -15% | -$1.17M |
|
4140
Lyell Immunopharma
LYEL
$342M
| $4.65M | ﹤0.01% |
151,016
+134,857
| +835% | +$3.02M |
|
4141
CALL
Copa Holdings
CPA
$6.14B
| $4.64M | ﹤0.01% |
38,500
-41,500
| -52% | -$5.08M |
|
4142
Zymeworks
ZYME
$1.78B
| $4.64M | ﹤0.01% |
176,088
+124,034
| +238% | +$2.71M |
|
4143
PUT
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$28M
| $4.63M | ﹤0.01% |
390,400
+378,520
| +3,186% | +$5.02M |
|
4144
iShares Russell 1000 Value ETF
IWD
$84.2B
| $4.63M | ﹤0.01% |
22,028
-2,310
| -9% | -$477K |
|
4145
TriNet
TNET
$3.16B
| $4.63M | ﹤0.01% |
78,326
-1,437
| -2% | -$85.4K |
|
|
GOLD
4146
CALL
Gold.com Inc
GOLD
$1.28B
| $4.63M | ﹤0.01% |
136,000
+83,800
| +161% | +$2.39M |
|
4147
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $4.63M | ﹤0.01% |
100,926
+93,638
| +1,285% | +$4.42M |
|
4148
Asana
ASAN
$2.11B
| $4.63M | ﹤0.01% |
337,449
-202,037
| -37% | -$2.78M |
|
4149
CALL
EnerSys
ENS
$7.34B
| $4.62M | ﹤0.01% |
31,500
+28,100
| +826% | +$3.75M |
|
4150
Citizens Financial Group
CFG
$31.5B
| $4.62M | ﹤0.01% |
79,052
-80,661
| -51% | -$4.33M |
|
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.