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 | |
|---|---|---|---|---|---|---|
4926
CALL
Vanguard Total International Stock ETF
VXUS
$164B
| $2.9M | ﹤0.01% |
38,400
-37,700
| -50% | -$2.81M |
|
|
INV
4927
Innventure Inc
INV
$137M
| $2.9M | ﹤0.01% |
+692,936
| New | +$2.91M |
|
|
TMQ
4928
PUT
Trilogy Metals
TMQ
$646M
| $2.9M | ﹤0.01% |
+672,000
| New | +$3.17M |
|
4929
CALL
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$14.1B
| $2.9M | ﹤0.01% |
35,100
+2,900
| +9% | +$237K |
|
4930
ProShares UltraPro Short S&P 500
SPXU
$380M
| $2.9M | ﹤0.01% |
58,228
+30,795
| +112% | +$1.6M |
|
4931
Invesco BulletShares 2032 Corporate Bond ETF
BSCW
$1.52B
| $2.89M | ﹤0.01% |
138,660
+86,684
| +167% | +$1.81M |
|
|
ARTY
4932
iShares Future AI & Tech ETF
ARTY
$4.04B
| $2.89M | ﹤0.01% |
60,073
+48,513
| +420% | +$2.34M |
|
4933
PUT
Prospect Capital
PSEC
$1.15B
| $2.89M | ﹤0.01% |
1,117,100
-3,531,100
| -76% | -$9.43M |
|
4934
Meritage Homes
MTH
$4.76B
| $2.89M | ﹤0.01% |
43,943
-17,006
| -28% | -$1.18M |
|
|
4935
PUT
Meritage Homes
MTH
$4.76B
| $2.89M | ﹤0.01% |
43,900
-10,800
| -20% | -$748K |
|
4936
WisdomTree US High Dividend Fund
DHS
$1.6B
| $2.89M | ﹤0.01% |
28,362
+3,215
| +13% | +$324K |
|
4937
PUT
Alamo Group
ALG
$2.01B
| $2.89M | ﹤0.01% |
17,200
+1,700
| +11% | +$296K |
|
4938
CALL
Crane NXT
CXT
$2.97B
| $2.89M | ﹤0.01% |
61,300
-52,600
| -46% | -$3.11M |
|
4939
Liberty Energy
LBRT
$3.59B
| $2.88M | ﹤0.01% |
156,242
-11,946
| -7% | -$200K |
|
4940
CALL
Green Brick Partners
GRBK
$3.03B
| $2.88M | ﹤0.01% |
46,000
-34,700
| -43% | -$2.29M |
|
4941
PUT
Natural Resource Partners
NRP
$1.39B
| $2.88M | ﹤0.01% |
27,600
-4,400
| -14% | -$459K |
|
4942
Methanex
MEOH
$4.34B
| $2.88M | ﹤0.01% |
72,506
+32,849
| +83% | +$1.22M |
|
|
CGAU
4943
CALL
Centerra Gold
CGAU
$4.21B
| $2.88M | ﹤0.01% |
200,300
+40,500
| +25% | +$507K |
|
4944
PUT
Vital Farms
VITL
$468M
| $2.88M | ﹤0.01% |
90,100
+9,100
| +11% | +$320K |
|
4945
Cogent Communications
CCOI
$579M
| $2.88M | ﹤0.01% |
133,453
+119,075
| +828% | +$3.51M |
|
4946
VanEck BDC Income ETF
BIZD
$1.69B
| $2.88M | ﹤0.01% |
202,873
+153,543
| +311% | +$2.2M |
|
4947
PUT
Mercury Systems
MRCY
$6.67B
| $2.88M | ﹤0.01% |
39,400
-22,300
| -36% | -$1.66M |
|
4948
CALL
SLM Corp
SLM
$5.27B
| $2.88M | ﹤0.01% |
106,300
-11,100
| -9% | -$304K |
|
4949
PUT
Church & Dwight Co
CHD
$24B
| $2.88M | ﹤0.01% |
34,300
+10,100
| +42% | +$863K |
|
4950
Invesco Global Listed Private Equity ETF
PSP
$250M
| $2.88M | ﹤0.01% |
42,864
+19,277
| +82% | +$1.29M |
|
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.