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 | |
|---|---|---|---|---|---|---|
4176
Leidos
LDOS
$18B
| $4.55M | ﹤0.01% |
25,230
-12,948
| -34% | -$2.45M |
|
|
DPRO
4177
CALL
Draganfly
DPRO
$182M
| $4.55M | ﹤0.01% |
658,200
-512,000
| -44% | -$4.32M |
|
4178
Pentair
PNR
$10.6B
| $4.54M | ﹤0.01% |
43,643
-54,238
| -55% | -$5.79M |
|
4179
CALL
Carlisle Companies
CSL
$14.7B
| $4.54M | ﹤0.01% |
14,200
+300
| +2% | +$97.2K |
|
4180
American Express Global Business Travel
GBTG
$4.94B
| $4.54M | ﹤0.01% |
+593,593
| New | +$4.6M |
|
4181
PUT
West Pharmaceutical
WST
$24.6B
| $4.54M | ﹤0.01% |
16,500
-27,200
| -62% | -$7.44M |
|
|
HSAI
4182
CALL
Hesai Group
HSAI
$2.86B
| $4.54M | ﹤0.01% |
202,600
-337,700
| -63% | -$7.39M |
|
4183
PUT
Pitney Bowes
PBI
$2.25B
| $4.54M | ﹤0.01% |
429,100
+11,900
| +3% | +$123K |
|
4184
PUT
Howard Hughes
HHH
$3.98B
| $4.53M | ﹤0.01% |
56,800
-92,500
| -62% | -$7.66M |
|
4185
Ardelyx
ARDX
$1.05B
| $4.53M | ﹤0.01% |
776,205
+156,200
| +25% | +$870K |
|
4186
CALL
Carlyle Secured Lending
CGBD
$781M
| $4.52M | ﹤0.01% |
+362,200
| New | +$4.51M |
|
4187
CALL
Genpact
G
$5.69B
| $4.52M | ﹤0.01% |
96,700
+85,600
| +771% | +$3.7M |
|
4188
iShares Global Consumer Discretionary ETF
RXI
$274M
| $4.52M | ﹤0.01% |
22,013
-6,060
| -22% | -$1.25M |
|
4189
PUT
American Superconductor
AMSC
$1.55B
| $4.51M | ﹤0.01% |
156,800
-14,200
| -8% | -$614K |
|
4190
CALL
Skywest
SKYW
$4.18B
| $4.51M | ﹤0.01% |
44,900
-2,400
| -5% | -$240K |
|
4191
CALL
iShares Core US Aggregate Bond ETF
AGG
$138B
| $4.5M | ﹤0.01% |
45,100
+4,000
| +10% | +$401K |
|
|
ONT
4192
CALL
Onterris Inc
ONT
$619M
| $4.5M | ﹤0.01% |
181,400
-21,000
| -10% | -$555K |
|
4193
PUT
Merit Medical Systems
MMSI
$5.42B
| $4.5M | ﹤0.01% |
51,100
+33,400
| +189% | +$2.84M |
|
|
UNIT
4194
CALL
Uniti Group
UNIT
$2.43B
| $4.5M | ﹤0.01% |
642,300
+99,300
| +18% | +$629K |
|
|
MSTX
4195
PUT
Defiance Daily Target 2x Long MSTR ETF
MSTX
$126M
| $4.49M | ﹤0.01% |
116,730
-83,510
| -42% | -$9.07M |
|
|
RZLV
4196
CALL
Rezolve AI
RZLV
$1.06B
| $4.49M | ﹤0.01% |
1,748,400
+231,500
| +15% | +$873K |
|
4197
Compass
COMP
$9.99B
| $4.49M | ﹤0.01% |
424,494
-132,633
| -24% | -$1.21M |
|
4198
JPMorgan Diversified Return International Equity ETF
JPIN
$375M
| $4.48M | ﹤0.01% |
65,796
-2,650
| -4% | -$179K |
|
4199
CALL
Kingstone Companies
KINS
$285M
| $4.48M | ﹤0.01% |
266,100
+206,100
| +344% | +$3.14M |
|
4200
Inspire Medical Systems
INSP
$1.65B
| $4.47M | ﹤0.01% |
48,497
-20,831
| -30% | -$1.99M |
|
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.