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 | |
|---|---|---|---|---|---|---|
4626
ProShares Ultra Dow30
DDM
$542M
| $3.46M | ﹤0.01% |
60,880
+22,402
| +58% | +$1.24M |
|
4627
ProShares Short S&P500
SH
$841M
| $3.46M | ﹤0.01% |
96,061
+72,875
| +314% | +$2.67M |
|
4628
PUT
Legend Biotech
LEGN
$3.95B
| $3.46M | ﹤0.01% |
159,200
-215,000
| -57% | -$6.16M |
|
4629
iShares US Industrials ETF
IYJ
$1.97B
| $3.46M | ﹤0.01% |
23,346
-20,796
| -47% | -$3.04M |
|
4630
Lantronix
LTRX
$289M
| $3.46M | ﹤0.01% |
589,781
+272,487
| +86% | +$1.42M |
|
4631
National Health Investors
NHI
$3.58B
| $3.45M | ﹤0.01% |
45,191
-5,760
| -11% | -$442K |
|
4632
U-Haul Holding Co
UHAL
$14.4B
| $3.45M | ﹤0.01% |
68,437
+52,915
| +341% | +$2.82M |
|
4633
PUT
Sundial Growers
SNDL
$313M
| $3.45M | ﹤0.01% |
2,076,800
+73,300
| +4% | +$147K |
|
4634
nLIGHT
LASR
$3.03B
| $3.44M | ﹤0.01% |
91,819
+2,146
| +2% | +$71.7K |
|
4635
PUT
Fortuna Silver Mines
FSM
$3.16B
| $3.44M | ﹤0.01% |
351,000
+113,100
| +48% | +$1.02M |
|
|
LTM
4636
LATAM Airlines Group S.A.
LTM
$15B
| $3.44M | ﹤0.01% |
63,748
+22,334
| +54% | +$1.06M |
|
4637
CALL
Core & Main
CNM
$8.61B
| $3.44M | ﹤0.01% |
66,200
-195,400
| -75% | -$10M |
|
4638
CALL
US Foods
USFD
$23.6B
| $3.43M | ﹤0.01% |
45,600
-39,600
| -46% | -$2.97M |
|
4639
PUT
Better Home & Finance Holding
BETR
$261M
| $3.43M | ﹤0.01% |
105,300
+91,500
| +663% | +$4.95M |
|
4640
PUT
Kilroy Realty
KRC
$4.22B
| $3.43M | ﹤0.01% |
91,800
+71,800
| +359% | +$2.93M |
|
4641
Power Integrations
POWI
$3.51B
| $3.43M | ﹤0.01% |
96,514
+70,972
| +278% | +$2.69M |
|
4642
PUT
NovoCure
NVCR
$1.97B
| $3.43M | ﹤0.01% |
265,200
+169,900
| +178% | +$2.18M |
|
4643
PUT
Idaho Strategic Resources
IDR
$505M
| $3.43M | ﹤0.01% |
85,000
+55,800
| +191% | +$2.13M |
|
4644
JB Hunt Transport Services
JBHT
$26.3B
| $3.42M | ﹤0.01% |
17,616
-18,929
| -52% | -$3.25M |
|
4645
PUT
Beam Therapeutics
BEAM
$2.76B
| $3.42M | ﹤0.01% |
123,500
+24,500
| +25% | +$625K |
|
4646
CALL
Wyndham Hotels & Resorts
WH
$5.46B
| $3.42M | ﹤0.01% |
45,300
+300
| +0.7% | +$22.6K |
|
4647
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.41B
| $3.42M | ﹤0.01% |
108,800
-19,500
| -15% | -$614K |
|
4648
PUT
Procore
PCOR
$9.09B
| $3.42M | ﹤0.01% |
47,000
-24,700
| -34% | -$1.83M |
|
4649
United States Natural Gas Fund
UNG
$487M
| $3.42M | ﹤0.01% |
+278,808
| New | +$3.75M |
|
4650
First Trust India Nifty 50 Equal Weight ETF
NFTY
$117M
| $3.42M | ﹤0.01% |
58,606
+18,628
| +47% | +$1.09M |
|
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.