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 | |
|---|---|---|---|---|---|---|
|
CVGW
5126
DELISTED
Calavo Growers
CVGW
| $2.61M | ﹤0.01% |
120,090
+87,171
| +265% | +$1.93M |
|
5127
First Trust Germany AlphaDEX Fund
FGM
$98.5M
| $2.61M | ﹤0.01% |
41,884
+2,761
| +7% | +$164K |
|
5128
PUT
Herc Holdings
HRI
$5.8B
| $2.61M | ﹤0.01% |
17,600
-133,500
| -88% | -$18.3M |
|
5129
CALL
TPG
TPG
$8.51B
| $2.61M | ﹤0.01% |
40,900
-273,300
| -87% | -$16.1M |
|
5130
Vanguard Consumer Discretionary ETF
VCR
$6.11B
| $2.61M | ﹤0.01% |
6,624
-10,732
| -62% | -$4.2M |
|
5131
Franklin FTSE Eurozone ETF
FLEU
$74.2M
| $2.61M | ﹤0.01% |
78,405
-13,013
| -14% | -$423K |
|
5132
Arcosa
ACA
$7.14B
| $2.61M | ﹤0.01% |
24,503
+1,517
| +7% | +$153K |
|
5133
Comstock
LODE
$263M
| $2.6M | ﹤0.01% |
691,997
+479,361
| +225% | +$1.63M |
|
|
TBCH
5134
Turtle Beach Corp
TBCH
$228M
| $2.6M | ﹤0.01% |
185,301
+2,298
| +1% | +$34.2K |
|
5135
CALL
Timken Company
TKR
$9.25B
| $2.6M | ﹤0.01% |
30,900
-4,100
| -12% | -$326K |
|
5136
PUT
Brown & Brown
BRO
$23.6B
| $2.6M | ﹤0.01% |
32,600
-14,300
| -30% | -$1.19M |
|
5137
Under Armour Class C
UA
$2.26B
| $2.6M | ﹤0.01% |
540,815
+141,480
| +35% | +$629K |
|
5138
PUT
ARK Blockchain & Fintech Innovation ETF
ARKF
$771M
| $2.6M | ﹤0.01% |
54,500
-500
| -0.9% | -$26.1K |
|
5139
CALL
ProShares UltraShort Real Estate
SRS
$15.6M
| $2.6M | ﹤0.01% |
52,600
-8,700
| -14% | -$420K |
|
5140
PUT
Affiliated Managers Group
AMG
$9.89B
| $2.59M | ﹤0.01% |
9,000
-1,600
| -15% | -$414K |
|
5141
Allot
ALLT
$383M
| $2.59M | ﹤0.01% |
263,539
-247,874
| -48% | -$2.38M |
|
5142
CALL
AvePoint
AVPT
$2.85B
| $2.59M | ﹤0.01% |
186,500
-55,300
| -23% | -$764K |
|
5143
Royal Gold
RGLD
$19.5B
| $2.59M | ﹤0.01% |
11,645
-130,689
| -92% | -$25.9M |
|
|
CNR
5144
Core Natural Resources Inc
CNR
$4.76B
| $2.59M | ﹤0.01% |
29,218
+15,861
| +119% | +$1.35M |
|
5145
CALL
Lightbridge
LTBR
$317M
| $2.58M | ﹤0.01% |
204,400
-121,600
| -37% | -$2.34M |
|
5146
PUT
EastGroup Properties
EGP
$10.9B
| $2.58M | ﹤0.01% |
+14,500
| New | +$2.58M |
|
5147
CALL
Tandem Diabetes Care
TNDM
$1.58B
| $2.58M | ﹤0.01% |
117,500
+92,900
| +378% | +$1.68M |
|
5148
CALL
IDEX
IEX
$17.6B
| $2.58M | ﹤0.01% |
14,500
+10,500
| +263% | +$1.79M |
|
5149
PUT
MoonLake Immunotherapeutics
MLTX
$1.4B
| $2.58M | ﹤0.01% |
195,700
+87,600
| +81% | +$1.03M |
|
5150
Twin Disc
TWIN
$354M
| $2.58M | ﹤0.01% |
154,592
+54,801
| +55% | +$849K |
|
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.