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 | |
|---|---|---|---|---|---|---|
4201
CALL
iRhythm Holdings
IRTC
$4.17B
| $4.47M | ﹤0.01% |
25,200
-18,100
| -42% | -$3.21M |
|
4202
PUT
Leggett & Platt
LEG
$1.32B
| $4.47M | ﹤0.01% |
406,300
+274,300
| +208% | +$2.7M |
|
4203
First Trust Financials AlphaDEX Fund
FXO
$1.15B
| $4.47M | ﹤0.01% |
74,051
+53,504
| +260% | +$3.15M |
|
4204
CALL
Triple Flag Precious Metals
TFPM
$6.48B
| $4.46M | ﹤0.01% |
134,300
+20,000
| +17% | +$626K |
|
4205
CALL
SiteOne Landscape Supply
SITE
$4.3B
| $4.46M | ﹤0.01% |
35,800
+17,300
| +94% | +$2.19M |
|
4206
CALL
iShares MSCI ACWI ETF
ACWI
$33.6B
| $4.46M | ﹤0.01% |
31,500
+200
| +0.6% | +$28.1K |
|
4207
PIMCO Dynamic Income Fund
PDI
$7.27B
| $4.46M | ﹤0.01% |
+251,644
| New | +$4.62M |
|
4208
CALL
abrdn Physical Gold Shares ETF
SGOL
$7.47B
| $4.45M | ﹤0.01% |
108,400
-13,500
| -11% | -$534K |
|
4209
CALL
Alliant Energy
LNT
$18.3B
| $4.45M | ﹤0.01% |
68,400
-14,000
| -17% | -$938K |
|
4210
PUT
Helmerich & Payne
HP
$4.42B
| $4.44M | ﹤0.01% |
154,900
+3,900
| +3% | +$104K |
|
4211
PUT
Western Union
WU
$2.32B
| $4.44M | ﹤0.01% |
477,000
-993,100
| -68% | -$8.77M |
|
4212
CALL
NextDecade
NEXT
$1.91B
| $4.44M | ﹤0.01% |
842,500
+20,400
| +2% | +$122K |
|
4213
Hycroft Mining Holding Corp
HYMC
$2.52B
| $4.44M | ﹤0.01% |
186,679
-163,236
| -47% | -$1.81M |
|
4214
CALL
Elanco Animal Health
ELAN
$11.8B
| $4.44M | ﹤0.01% |
196,000
-61,500
| -24% | -$1.34M |
|
4215
CALL
IMAX
IMAX
$2.9B
| $4.44M | ﹤0.01% |
120,000
+83,600
| +230% | +$2.91M |
|
4216
CALL
Quaker Houghton
KWR
$2.94B
| $4.44M | ﹤0.01% |
32,300
-500
| -2% | -$67.5K |
|
4217
CALL
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $4.42M | ﹤0.01% |
142,900
+61,800
| +76% | +$1.92M |
|
4218
PUT
Boyd Gaming
BYD
$6.11B
| $4.42M | ﹤0.01% |
51,900
-145,200
| -74% | -$12M |
|
4219
Columbia Research Enhanced Core ETF
RECS
$6.1B
| $4.42M | ﹤0.01% |
108,319
+82,542
| +320% | +$3.36M |
|
4220
CALL
Westlake Corp
WLK
$10.2B
| $4.42M | ﹤0.01% |
59,800
-31,500
| -35% | -$2.24M |
|
4221
CALL
Jack Henry & Associates
JKHY
$10.9B
| $4.42M | ﹤0.01% |
24,200
-41,500
| -63% | -$6.91M |
|
4222
GSI Technology
GSIT
$270M
| $4.42M | ﹤0.01% |
710,953
+632,802
| +810% | +$4.51M |
|
4223
Pitney Bowes
PBI
$2.25B
| $4.41M | ﹤0.01% |
417,583
+231,164
| +124% | +$2.4M |
|
4224
American Century Quality Diversified International ETF
QINT
$696M
| $4.41M | ﹤0.01% |
68,734
+60,889
| +776% | +$3.81M |
|
4225
PUT
Forward Air
FWRD
$640M
| $4.41M | ﹤0.01% |
176,400
| – | – |
|
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.