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 | |
|---|---|---|---|---|---|---|
4901
PUT
Reliance Steel & Aluminium
RS
$21.8B
| $2.95M | ﹤0.01% |
10,200
-3,100
| -23% | -$871K |
|
4902
iShares US Technology ETF
IYW
$25.6B
| $2.94M | ﹤0.01% |
14,712
-21,389
| -59% | -$4.28M |
|
4903
CALL
Sun Communities
SUI
$15B
| $2.94M | ﹤0.01% |
23,700
+16,500
| +229% | +$2.07M |
|
4904
Columbia EM Core ex-China ETF
XCEM
$2.06B
| $2.94M | ﹤0.01% |
76,545
+51,039
| +200% | +$1.93M |
|
4905
CALL
Janux Therapeutics
JANX
$986M
| $2.93M | ﹤0.01% |
212,500
+164,900
| +346% | +$3.88M |
|
|
SMST
4906
PUT
Defiance Daily Target 2x Short MSTR ETF
SMST
$29M
| $2.93M | ﹤0.01% |
31,600
-65,600
| -67% | -$3.65M |
|
4907
Wintrust Financial
WTFC
$11B
| $2.93M | ﹤0.01% |
20,958
-5,223
| -20% | -$695K |
|
4908
PUT
Dentsply Sirona
XRAY
$2.31B
| $2.93M | ﹤0.01% |
256,300
+181,600
| +243% | +$2.13M |
|
4909
OneSpaWorld
OSW
$2.73B
| $2.93M | ﹤0.01% |
141,225
-70,522
| -33% | -$1.48M |
|
4910
NOV
NOV
$7.54B
| $2.93M | ﹤0.01% |
187,259
-136,436
| -42% | -$2.02M |
|
4911
Direxion Daily Healthcare Bull 3X ETF
CURE
$187M
| $2.92M | ﹤0.01% |
26,218
+11,305
| +76% | +$1.16M |
|
4912
First Trust NASDAQ ABA Community Bank Index Fund
QABA
$94.9M
| $2.92M | ﹤0.01% |
51,616
+42,101
| +442% | +$2.35M |
|
|
FYBR
4913
PUT
DELISTED
Frontier Communications
FYBR
| $2.92M | ﹤0.01% |
76,800
-8,700
| -10% | -$329K |
|
4914
VanEck Morningstar Wide Moat ETF
MOAT
$12.4B
| $2.92M | ﹤0.01% |
28,224
-10,974
| -28% | -$1.12M |
|
4915
Gates Industrial Corp
GTES
$7.03B
| $2.92M | ﹤0.01% |
136,053
+121,981
| +867% | +$2.82M |
|
4916
Essent Group
ESNT
$6.25B
| $2.92M | ﹤0.01% |
44,918
+22,461
| +100% | +$1.39M |
|
4917
Genesis Energy
GEL
$1.93B
| $2.92M | ﹤0.01% |
187,133
+17,572
| +10% | +$276K |
|
4918
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.36B
| $2.91M | ﹤0.01% |
116,770
+10,334
| +10% | +$259K |
|
4919
CALL
Essential Utilities
WTRG
$11.5B
| $2.91M | ﹤0.01% |
75,900
+26,400
| +53% | +$1.04M |
|
4920
Bausch Health
BHC
$2.43B
| $2.91M | ﹤0.01% |
418,810
+211,053
| +102% | +$1.39M |
|
|
HIMX
4921
Himax Technologies
HIMX
$2.66B
| $2.91M | ﹤0.01% |
354,973
+90,509
| +34% | +$765K |
|
4922
CALL
Teradata
TDC
$2.57B
| $2.91M | ﹤0.01% |
95,500
+42,300
| +80% | +$1.11M |
|
4923
CALL
Enviri
NVRI
$579M
| $2.91M | ﹤0.01% |
162,200
-6,500
| -4% | -$96.9K |
|
4924
Novavax
NVAX
$1.33B
| $2.9M | ﹤0.01% |
431,619
-298,337
| -41% | -$2.25M |
|
4925
CALL
LendingTree
TREE
$458M
| $2.9M | ﹤0.01% |
54,600
-73,200
| -57% | -$4.1M |
|
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.