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 | |
|---|---|---|---|---|---|---|
|
TEN
4251
PUT
Tsakos Energy Navigation Ltd
TEN
$1.25B
| $4.32M | ﹤0.01% |
192,900
-68,500
| -26% | -$1.6M |
|
4252
Extra Space Storage
EXR
$31.2B
| $4.32M | ﹤0.01% |
33,207
+3,405
| +11% | +$464K |
|
4253
CALL
James Hardie Industries
JHX
$18B
| $4.31M | ﹤0.01% |
207,900
-877,700
| -81% | -$17.6M |
|
4254
PUT
Vaxcyte
PCVX
$8.64B
| $4.3M | ﹤0.01% |
93,300
+6,100
| +7% | +$273K |
|
4255
PUT
Immersion
IMMR
$249M
| $4.3M | ﹤0.01% |
632,900
-184,900
| -23% | -$1.25M |
|
4256
Alight
ALIT
$372M
| $4.3M | ﹤0.01% |
110,346
+8,214
| +8% | +$409K |
|
4257
CALL
Herc Holdings
HRI
$5.8B
| $4.3M | ﹤0.01% |
29,000
-24,300
| -46% | -$3.33M |
|
|
MSTZ
4258
PUT
T-Rex 2X Inverse MSTR Daily Target ETF
MSTZ
$103M
| $4.3M | ﹤0.01% |
250,900
-32,700
| -12% | -$332K |
|
4259
AvePoint
AVPT
$2.85B
| $4.3M | ﹤0.01% |
309,524
+243,897
| +372% | +$3.37M |
|
4260
Bath & Body Works
BBWI
$3.91B
| $4.3M | ﹤0.01% |
214,084
-572,211
| -73% | -$12.6M |
|
4261
PUT
Travere Therapeutics
TVTX
$5.86B
| $4.3M | ﹤0.01% |
112,500
+22,000
| +24% | +$715K |
|
4262
Celanese
CE
$5.01B
| $4.3M | ﹤0.01% |
101,620
-21,795
| -18% | -$889K |
|
4263
Wabtec
WAB
$50.5B
| $4.29M | ﹤0.01% |
20,120
-2,326
| -10% | -$478K |
|
4264
CALL
Wendy's
WEN
$1.65B
| $4.29M | ﹤0.01% |
515,400
-56,900
| -10% | -$491K |
|
4265
RingCentral
RNG
$5.39B
| $4.29M | ﹤0.01% |
148,530
+67,891
| +84% | +$1.93M |
|
4266
CALL
Vanguard Morningstar Large-Cap ETF
VV
$54.8B
| $4.28M | ﹤0.01% |
13,600
+1,400
| +11% | +$437K |
|
4267
PUT
NexGen Energy
NXE
$6.97B
| $4.28M | ﹤0.01% |
465,200
-85,500
| -16% | -$755K |
|
4268
CALL
TransAlta
TAC
$4.05B
| $4.28M | ﹤0.01% |
338,400
+288,400
| +577% | +$4.31M |
|
4269
Chemours
CC
$2.39B
| $4.28M | ﹤0.01% |
362,784
-132,147
| -27% | -$1.7M |
|
|
UNHG
4270
CALL
Leverage Shares 2X Long UNH Daily ETF
UNHG
$73.3M
| $4.28M | ﹤0.01% |
254,700
+148,600
| +140% | +$2.97M |
|
4271
PUT
Hartford Financial Services
HIG
$37.8B
| $4.27M | ﹤0.01% |
31,000
+5,700
| +23% | +$752K |
|
4272
PUT
Kymera Therapeutics
KYMR
$9.76B
| $4.27M | ﹤0.01% |
54,900
+16,600
| +43% | +$1.12M |
|
4273
Home BancShares
HOMB
$6.28B
| $4.27M | ﹤0.01% |
153,734
+77,926
| +103% | +$2.16M |
|
4274
First Financial Bankshares
FFIN
$5.06B
| $4.27M | ﹤0.01% |
142,923
+85,324
| +148% | +$2.69M |
|
4275
CALL
Banco Santander
SAN
$210B
| $4.27M | ﹤0.01% |
363,700
+13,500
| +4% | +$143K |
|
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.