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 | |
|---|---|---|---|---|---|---|
4476
MACOM Technology Solutions
MTSI
$24.2B
| $3.82M | ﹤0.01% |
22,312
+4,060
| +22% | +$644K |
|
4477
PUT
Hubbell
HUBB
$27B
| $3.82M | ﹤0.01% |
8,600
-100
| -1% | -$43.8K |
|
|
VNET
4478
PUT
VNET Group
VNET
$2.16B
| $3.82M | ﹤0.01% |
451,400
-489,100
| -52% | -$4.53M |
|
|
NTSK
4479
PUT
Netskope Inc
NTSK
$6.39B
| $3.82M | ﹤0.01% |
217,700
+145,000
| +199% | +$3.02M |
|
4480
Huron Consulting
HURN
$2.42B
| $3.82M | ﹤0.01% |
22,071
+5,156
| +30% | +$844K |
|
4481
Franklin Resources
BEN
$17.2B
| $3.82M | ﹤0.01% |
159,730
+108,258
| +210% | +$2.49M |
|
4482
CALL
Neurocrine Biosciences
NBIX
$15.5B
| $3.82M | ﹤0.01% |
26,900
-118,200
| -81% | -$17.1M |
|
4483
PUT
Dyne Therapeutics
DYN
$4.8B
| $3.81M | ﹤0.01% |
195,000
+105,700
| +118% | +$2M |
|
4484
CALL
AXIS Capital
AXS
$7.38B
| $3.81M | ﹤0.01% |
35,600
+17,100
| +92% | +$1.7M |
|
4485
UroGen Pharma
URGN
$2.36B
| $3.81M | ﹤0.01% |
162,725
+15,500
| +11% | +$336K |
|
4486
dLocal
DLO
$4.17B
| $3.81M | ﹤0.01% |
269,439
-20,814
| -7% | -$294K |
|
|
PRMB
4487
PUT
Primo Brands
PRMB
$8.94B
| $3.8M | ﹤0.01% |
232,700
+175,600
| +308% | +$3.25M |
|
4488
ICICI Bank
IBN
$107B
| $3.8M | ﹤0.01% |
127,615
-95,836
| -43% | -$2.94M |
|
4489
ARK Web x.0 ETF
ARKW
$1.8B
| $3.8M | ﹤0.01% |
25,730
-28,070
| -52% | -$4.55M |
|
4490
Western Alliance Bancorporation
WAL
$8.98B
| $3.8M | ﹤0.01% |
45,163
-17,366
| -28% | -$1.41M |
|
4491
Aquestive Therapeutics
AQST
$533M
| $3.79M | ﹤0.01% |
587,249
-501,395
| -46% | -$3.12M |
|
4492
CALL
BrightSpring Health Services
BTSG
$12.2B
| $3.79M | ﹤0.01% |
101,100
+78,300
| +343% | +$2.63M |
|
4493
CALL
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$228M
| $3.78M | ﹤0.01% |
94,300
-112,000
| -54% | -$5.38M |
|
4494
CALL
FuelCell Energy
FCEL
$1.79B
| $3.78M | ﹤0.01% |
517,200
+85,500
| +20% | +$699K |
|
|
FBCG
4495
Fidelity Blue Chip Growth ETF
FBCG
$7.32B
| $3.78M | ﹤0.01% |
+68,920
| New | +$3.74M |
|
4496
Veritone
VERI
$116M
| $3.78M | ﹤0.01% |
812,545
+761,991
| +1,507% | +$4.1M |
|
4497
CALL
United States Brent Oil Fund
BNO
$785M
| $3.78M | ﹤0.01% |
133,300
-102,300
| -43% | -$2.95M |
|
4498
iShares US Consumer Discretionary ETF
IYC
$1.22B
| $3.77M | ﹤0.01% |
36,577
+34,598
| +1,748% | +$3.56M |
|
4499
CALL
TAL Education Group
TAL
$6.46B
| $3.77M | ﹤0.01% |
345,500
+6,800
| +2% | +$77.2K |
|
4500
CALL
iShares MSCI Mexico ETF
EWW
$1.86B
| $3.76M | ﹤0.01% |
54,300
+10,500
| +24% | +$709K |
|
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.