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 | |
|---|---|---|---|---|---|---|
4576
CALL
Xenon Pharmaceuticals
XENE
$6.03B
| $3.58M | ﹤0.01% |
79,800
+50,000
| +168% | +$2.1M |
|
4577
CALL
ICICI Bank
IBN
$107B
| $3.58M | ﹤0.01% |
120,000
-241,500
| -67% | -$7.41M |
|
4578
CALL
AMC Entertainment Holdings
AMC
$2.23B
| $3.58M | ﹤0.01% |
2,291,700
-2,219,700
| -49% | -$5.29M |
|
4579
Jack Henry & Associates
JKHY
$10.9B
| $3.57M | ﹤0.01% |
19,584
-62,948
| -76% | -$10.5M |
|
|
GAU
4580
Galiano Gold
GAU
$547M
| $3.57M | ﹤0.01% |
1,411,393
+1,020,984
| +262% | +$2.52M |
|
4581
CALL
Zebra Technologies
ZBRA
$17.8B
| $3.57M | ﹤0.01% |
14,700
-8,200
| -36% | -$2.19M |
|
4582
VictoryShares US Small Mid Cap Value Momentum ETF
USVM
$1.81B
| $3.57M | ﹤0.01% |
39,093
-7,061
| -15% | -$640K |
|
4583
PUT
Textron
TXT
$15.3B
| $3.57M | ﹤0.01% |
40,900
+15,500
| +61% | +$1.3M |
|
4584
Newell Brands
NWL
$2.66B
| $3.56M | ﹤0.01% |
957,773
+862,234
| +902% | +$3.48M |
|
4585
CALL
BioCryst Pharmaceuticals
BCRX
$2.49B
| $3.56M | ﹤0.01% |
456,400
+427,200
| +1,463% | +$3.09M |
|
4586
JPMorgan International Bond Opportunities ETF
JPIB
$2.13B
| $3.56M | ﹤0.01% |
73,090
-10,882
| -13% | -$532K |
|
4587
CALL
iShares MBS ETF
MBB
$39.1B
| $3.55M | ﹤0.01% |
37,300
+6,500
| +21% | +$620K |
|
4588
PUT
Schrodinger
SDGR
$1.32B
| $3.55M | ﹤0.01% |
198,400
+52,200
| +36% | +$990K |
|
|
SF
4589
PUT
Stifel
SF
$12.9B
| $3.54M | ﹤0.01% |
+42,450
| New | +$3.39M |
|
4590
Allegro MicroSystems
ALGM
$8.27B
| $3.54M | ﹤0.01% |
134,280
+7,522
| +6% | +$207K |
|
4591
Ceco Environmental
CECO
$4.66B
| $3.54M | ﹤0.01% |
59,184
+18,370
| +45% | +$983K |
|
4592
BlackRock ETF Trust II iShares AAA CLO Active ETF
CLOA
$2.26B
| $3.54M | ﹤0.01% |
+68,410
| New | +$3.54M |
|
4593
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.7B
| $3.54M | ﹤0.01% |
75,500
+10,688
| +16% | +$498K |
|
4594
CALL
Invesco CurrencyShares Swiss Franc Trust
FXF
$395M
| $3.54M | ﹤0.01% |
31,700
+25,600
| +420% | +$2.83M |
|
4595
Tiptree Inc
TIPT
$672M
| $3.53M | ﹤0.01% |
193,323
-23,610
| -11% | -$430K |
|
4596
PUT
Cincinnati Financial
CINF
$26.6B
| $3.53M | ﹤0.01% |
21,600
+10,400
| +93% | +$1.68M |
|
4597
Bio-Techne
TECH
$11.3B
| $3.52M | ﹤0.01% |
59,918
-5,317
| -8% | -$323K |
|
|
SKE
4598
PUT
Skeena Resources
SKE
$4.15B
| $3.52M | ﹤0.01% |
148,400
+105,000
| +242% | +$2.07M |
|
4599
CALL
Invesco China Technology ETF
CQQQ
$3.18B
| $3.52M | ﹤0.01% |
67,700
+24,300
| +56% | +$1.32M |
|
4600
CALL
United States Gasoline Fund
UGA
$138M
| $3.52M | ﹤0.01% |
57,000
+17,300
| +44% | +$1.11M |
|
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.