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 | |
|---|---|---|---|---|---|---|
4301
Ziff Davis
ZD
$1.9B
| $4.21M | ﹤0.01% |
119,655
-20,114
| -14% | -$701K |
|
4302
Innovative Solutions & Support
ISSC
$412M
| $4.2M | ﹤0.01% |
221,745
+4,226
| +2% | +$48.1K |
|
4303
Hudbay
HBM
$11.9B
| $4.2M | ﹤0.01% |
211,548
+56,845
| +37% | +$961K |
|
4304
PUT
FLEX LNG
FLNG
$1.67B
| $4.19M | ﹤0.01% |
168,100
+36,400
| +28% | +$928K |
|
4305
CALL
Remitly
RELY
$5.54B
| $4.19M | ﹤0.01% |
303,900
-525,600
| -63% | -$7.64M |
|
4306
ProShares Ultra Gold
UGL
$801M
| $4.19M | ﹤0.01% |
75,524
+4,024
| +6% | +$211K |
|
|
AD
4307
PUT
Array Digital Infrastructure
AD
$3.11B
| $4.19M | ﹤0.01% |
78,100
-56,300
| -42% | -$2.78M |
|
4308
CytomX Therapeutics
CTMX
$732M
| $4.18M | ﹤0.01% |
981,598
+714,113
| +267% | +$2.71M |
|
4309
State Street SPDR S&P Semiconductor ETF
XSD
$2.93B
| $4.18M | ﹤0.01% |
12,993
-3,975
| -23% | -$1.31M |
|
4310
PUT
Zillow
ZG
$7.91B
| $4.18M | ﹤0.01% |
61,200
-57,100
| -48% | -$4.02M |
|
4311
Shutterstock
SSTK
$210M
| $4.18M | ﹤0.01% |
218,595
+91,414
| +72% | +$1.95M |
|
|
ROBN
4312
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$101M
| $4.17M | ﹤0.01% |
77,078
+69,330
| +895% | +$5.72M |
|
4313
CALL
Kaspi.kz JSC
KSPI
$18.8B
| $4.17M | ﹤0.01% |
53,400
-59,000
| -52% | -$4.46M |
|
|
FNGU
4314
MicroSectors FANG+ 3x Leveraged ETNs due Feb 17 2045
FNGU
$2.64B
| $4.17M | ﹤0.01% |
+165,032
| New | +$4.77M |
|
4315
PUT
Alphatec Holdings
ATEC
$1.51B
| $4.17M | ﹤0.01% |
198,000
+154,700
| +357% | +$2.86M |
|
4316
Globant
GLOB
$1.61B
| $4.17M | ﹤0.01% |
63,721
-26,985
| -30% | -$1.7M |
|
4317
PUT
Parsons
PSN
$5.12B
| $4.17M | ﹤0.01% |
67,400
+20,900
| +45% | +$1.64M |
|
4318
Lennar Class B
LEN.B
$20.6B
| $4.16M | ﹤0.01% |
43,739
+37,048
| +554% | +$4.2M |
|
4319
CALL
Stem
STEM
$61M
| $4.16M | ﹤0.01% |
276,300
-31,800
| -10% | -$609K |
|
4320
ProShares UltraShort Bloomberg Natural Gas
KOLD
$105M
| $4.16M | ﹤0.01% |
117,863
+98,174
| +499% | +$3.07M |
|
4321
Range Resources
RRC
$9.42B
| $4.16M | ﹤0.01% |
117,890
-9,802
| -8% | -$365K |
|
4322
CALL
Boston Beer
SAM
$1.91B
| $4.16M | ﹤0.01% |
21,300
-78,600
| -79% | -$16.2M |
|
4323
CALL
Grindr
GRND
$2.78B
| $4.15M | ﹤0.01% |
306,800
-8,200
| -3% | -$111K |
|
4324
Halozyme
HALO
$11.2B
| $4.15M | ﹤0.01% |
61,706
+54,441
| +749% | +$3.66M |
|
4325
CALL
NewAmsterdam Pharma
NAMS
$3.23B
| $4.15M | ﹤0.01% |
+118,300
| New | +$4.31M |
|
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.