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 | |
|---|---|---|---|---|---|---|
4151
CALL
Iovance Biotherapeutics
IOVA
$3.16B
| $4.62M | ﹤0.01% |
1,691,100
+255,900
| +18% | +$592K |
|
|
SMCX
4152
CALL
Defiance Daily Target 2X Long SMCI ETF
SMCX
$305M
| $4.61M | ﹤0.01% |
202,250
-172,050
| -46% | -$9.56M |
|
4153
CALL
Steven Madden
SHOO
$3.45B
| $4.61M | ﹤0.01% |
110,700
+68,600
| +163% | +$2.65M |
|
4154
PUT
Remitly
RELY
$5.54B
| $4.61M | ﹤0.01% |
334,000
+59,700
| +22% | +$867K |
|
4155
Terex
TEX
$7.76B
| $4.61M | ﹤0.01% |
86,269
+45,031
| +109% | +$2.27M |
|
4156
CALL
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$602M
| $4.6M | ﹤0.01% |
67,600
+27,800
| +70% | +$1.96M |
|
4157
CALL
Grupo Cibest SA
CIB
$22.8B
| $4.6M | ﹤0.01% |
72,300
+23,700
| +49% | +$1.42M |
|
4158
PUT
Seanergy Maritime Holdings
SHIP
$363M
| $4.59M | ﹤0.01% |
497,200
+189,900
| +62% | +$1.72M |
|
|
UNIT
4159
Uniti Group
UNIT
$2.43B
| $4.59M | ﹤0.01% |
654,488
-246,148
| -27% | -$1.56M |
|
4160
PUT
Atlanta Braves Holdings Series A
BATRA
$3.68B
| $4.58M | ﹤0.01% |
107,900
+17,700
| +20% | +$761K |
|
4161
ProShares UltraPro Dow 30
UDOW
$924M
| $4.58M | ﹤0.01% |
79,070
+3,572
| +5% | +$200K |
|
4162
TETRA Technologies
TTI
$1.27B
| $4.58M | ﹤0.01% |
488,601
-181,039
| -27% | -$1.4M |
|
4163
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.3B
| $4.58M | ﹤0.01% |
42,893
+19,962
| +87% | +$2.12M |
|
4164
Fiverr
FVRR
$324M
| $4.57M | ﹤0.01% |
231,501
+191,621
| +480% | +$4.13M |
|
4165
CALL
Strategic Education
STRA
$1.83B
| $4.57M | ﹤0.01% |
57,000
+52,300
| +1,113% | +$4.18M |
|
4166
CALL
Commercial Metals
CMC
$7.92B
| $4.57M | ﹤0.01% |
66,000
-28,600
| -30% | -$1.79M |
|
4167
Fabrinet
FN
$20.4B
| $4.56M | ﹤0.01% |
+10,026
| New | +$4.36M |
|
4168
CALL
BlackBerry
BB
$5.22B
| $4.56M | ﹤0.01% |
1,204,200
-591,600
| -33% | -$2.6M |
|
4169
CALL
Cemex
CX
$16B
| $4.56M | ﹤0.01% |
397,100
-404,300
| -50% | -$4.18M |
|
4170
CALL
WEX
WEX
$6.54B
| $4.56M | ﹤0.01% |
30,600
+10,600
| +53% | +$1.6M |
|
4171
CALL
Pegasystems
PEGA
$5.31B
| $4.56M | ﹤0.01% |
76,300
+35,400
| +87% | +$2.07M |
|
4172
Vertex
VERX
$2.06B
| $4.56M | ﹤0.01% |
228,108
-500,525
| -69% | -$10.8M |
|
4173
WisdomTree International Efficient Core Fund
NTSI
$507M
| $4.56M | ﹤0.01% |
+103,317
| New | +$4.52M |
|
4174
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$43.8M
| $4.55M | ﹤0.01% |
151,877
+10,000
| +7% | +$293K |
|
4175
Cognex
CGNX
$11B
| $4.55M | ﹤0.01% |
126,551
-195,892
| -61% | -$7.93M |
|
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.