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 | |
|---|---|---|---|---|---|---|
5076
PUT
iShares MSCI Spain ETF
EWP
$2.22B
| $2.68M | ﹤0.01% |
49,800
+44,100
| +774% | +$2.25M |
|
|
TWO
5077
PUT
Two Harbors Investment
TWO
$1.27B
| $2.68M | ﹤0.01% |
255,600
-99,700
| -28% | -$997K |
|
|
VISN
5078
PUT
Vistance Networks Inc
VISN
$2.66B
| $2.68M | ﹤0.01% |
148,000
-296,200
| -67% | -$5.11M |
|
5079
First Trust Water ETF
FIW
$1.92B
| $2.68M | ﹤0.01% |
+24,693
| New | +$2.75M |
|
5080
Direxion Daily Technology Bull 3x ETF
TECL
$6.39B
| $2.68M | ﹤0.01% |
22,826
-42,472
| -65% | -$5.43M |
|
5081
BHP
BHP
$220B
| $2.68M | ﹤0.01% |
44,404
+29,807
| +204% | +$1.69M |
|
5082
JPMorgan BetaBuilders US Small Cap Equity ETF
BBSC
$738M
| $2.68M | ﹤0.01% |
36,061
+19,058
| +112% | +$1.43M |
|
5083
Eastman Chemical
EMN
$8.47B
| $2.68M | ﹤0.01% |
41,983
-16,975
| -29% | -$1.05M |
|
5084
Dimensional International Small Cap Value ETF
DISV
$5.19B
| $2.68M | ﹤0.01% |
70,460
-22,170
| -24% | -$804K |
|
5085
Seres Therapeutics
MCRB
$45.6M
| $2.68M | ﹤0.01% |
+179,929
| New | +$3.14M |
|
5086
United Bankshares
UBSI
$6.71B
| $2.68M | ﹤0.01% |
69,678
-1,367
| -2% | -$50.9K |
|
|
TERN
5087
PUT
DELISTED
Terns Pharmaceuticals
TERN
| $2.67M | ﹤0.01% |
66,200
+53,100
| +405% | +$1.23M |
|
5088
Xtrackers S&P 500 ESG ETF
SNPE
$2.79B
| $2.67M | ﹤0.01% |
42,774
+11,539
| +37% | +$708K |
|
5089
First Industrial Realty Trust
FR
$8.33B
| $2.67M | ﹤0.01% |
46,623
+33,237
| +248% | +$1.86M |
|
5090
DT Midstream
DTM
$14B
| $2.67M | ﹤0.01% |
22,309
-732
| -3% | -$84.1K |
|
5091
PUT
Tradeweb Markets
TW
$22.4B
| $2.67M | ﹤0.01% |
24,800
-38,800
| -61% | -$4.17M |
|
5092
Telus
TU
$15.4B
| $2.67M | ﹤0.01% |
202,445
+81,585
| +68% | +$1.15M |
|
5093
CALL
Apple Hospitality REIT
APLE
$3.79B
| $2.67M | ﹤0.01% |
224,900
-25,800
| -10% | -$303K |
|
5094
CALL
Axogen
AXGN
$2.62B
| $2.66M | ﹤0.01% |
81,400
+44,900
| +123% | +$1.1M |
|
|
LIF
5095
CALL
Life360
LIF
$4.17B
| $2.66M | ﹤0.01% |
41,500
+14,800
| +55% | +$1.23M |
|
|
USAS
5096
Americas Gold and Silver
USAS
$1.77B
| $2.66M | ﹤0.01% |
520,527
+495,613
| +1,989% | +$2.23M |
|
|
OKLO
5097
Oklo
OKLO
$8.26B
| $2.66M | ﹤0.01% |
37,002
+4,288
| +13% | +$478K |
|
5098
Gold Royalty Corp
GROY
$727M
| $2.65M | ﹤0.01% |
656,939
+199,434
| +44% | +$763K |
|
|
RPHS
5099
DELISTED
Regents Park Hedged Market Strategy ETF
RPHS
| $2.65M | ﹤0.01% |
260,404
+759
| +0.3% | +$8.34K |
|
5100
CALL
Bread Financial
BFH
$4.58B
| $2.65M | ﹤0.01% |
35,800
-13,800
| -28% | -$907K |
|
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.