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 | |
|---|---|---|---|---|---|---|
4751
CALL
DT Midstream
DTM
$14B
| $3.23M | ﹤0.01% |
27,000
-600
| -2% | -$68.9K |
|
4752
PUT
ZTO Express
ZTO
$17.4B
| $3.23M | ﹤0.01% |
154,600
+13,800
| +10% | +$273K |
|
|
TMQ
4753
CALL
Trilogy Metals
TMQ
$646M
| $3.23M | ﹤0.01% |
748,800
+677,200
| +946% | +$3.19M |
|
4754
TC Energy
TRP
$66.7B
| $3.23M | ﹤0.01% |
58,663
+37,012
| +171% | +$1.97M |
|
|
VTG
4755
Vanguard Total Treasury ETF
VTG
$180M
| $3.23M | ﹤0.01% |
42,378
+39,595
| +1,423% | +$3.03M |
|
4756
CALL
Tradeweb Markets
TW
$22.4B
| $3.23M | ﹤0.01% |
30,000
-81,100
| -73% | -$8.71M |
|
4757
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$413M
| $3.22M | ﹤0.01% |
119,300
+72,700
| +156% | +$2.03M |
|
4758
CALL
HDFC Bank
HDB
$120B
| $3.22M | ﹤0.01% |
88,200
+48,400
| +122% | +$1.74M |
|
4759
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$273M
| $3.22M | ﹤0.01% |
89,690
-49,477
| -36% | -$2.48M |
|
4760
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.6B
| $3.22M | ﹤0.01% |
18,168
+15,676
| +629% | +$2.74M |
|
4761
PUT
Teleflex
TFX
$5.81B
| $3.22M | ﹤0.01% |
26,400
-5,600
| -18% | -$679K |
|
|
NNOV
4762
Innovator Growth-100 Power Buffer ETF - November
NNOV
$89.3M
| $3.22M | ﹤0.01% |
112,184
+81,424
| +265% | +$2.33M |
|
4763
CALL
Rapid7
RPD
$876M
| $3.22M | ﹤0.01% |
211,700
-163,400
| -44% | -$2.69M |
|
4764
Nelnet
NNI
$4.57B
| $3.22M | ﹤0.01% |
24,190
+9,801
| +68% | +$1.28M |
|
4765
PUT
Chemed
CHE
$6.96B
| $3.21M | ﹤0.01% |
7,500
-1,900
| -20% | -$827K |
|
4766
CALL
NCR Atleos
NATL
$3.47B
| $3.21M | ﹤0.01% |
84,200
+17,100
| +25% | +$641K |
|
4767
CALL
Agilysys
AGYS
$3.22B
| $3.21M | ﹤0.01% |
27,000
-3,400
| -11% | -$409K |
|
4768
Invesco S&P 500 High Beta ETF
SPHB
$957M
| $3.21M | ﹤0.01% |
27,408
+7,513
| +38% | +$856K |
|
|
CRON
4769
CALL
Cronos Group
CRON
$1.16B
| $3.2M | ﹤0.01% |
1,218,100
+635,600
| +109% | +$1.64M |
|
4770
M/I Homes
MHO
$3.85B
| $3.2M | ﹤0.01% |
25,033
+6,523
| +35% | +$862K |
|
4771
Hasbro
HAS
$13.6B
| $3.2M | ﹤0.01% |
39,041
-36,457
| -48% | -$2.86M |
|
4772
PUT
Trevi Therapeutics
TRVI
$2.63B
| $3.19M | ﹤0.01% |
255,000
-462,600
| -64% | -$5.35M |
|
|
HIMX
4773
CALL
Himax Technologies
HIMX
$2.66B
| $3.19M | ﹤0.01% |
389,800
+28,600
| +8% | +$242K |
|
|
MOMO
4774
CALL
Hello Group
MOMO
$850M
| $3.19M | ﹤0.01% |
487,000
-80,100
| -14% | -$551K |
|
4775
PUT
Elanco Animal Health
ELAN
$11.8B
| $3.19M | ﹤0.01% |
140,900
+35,200
| +33% | +$766K |
|
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.