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 | |
|---|---|---|---|---|---|---|
5151
PUT
Paylocity
PCTY
$7.87B
| $2.58M | ﹤0.01% |
16,900
+6,200
| +58% | +$922K |
|
5152
PUT
Kontoor Brands
KTB
$4.64B
| $2.57M | ﹤0.01% |
42,100
+25,300
| +151% | +$1.88M |
|
5153
Ionis Pharmaceuticals
IONS
$9.51B
| $2.57M | ﹤0.01% |
32,504
-388,446
| -92% | -$29.2M |
|
5154
CALL
VanEck High Yield Muni ETF
HYD
$4.4B
| $2.57M | ﹤0.01% |
50,300
-14,000
| -22% | -$714K |
|
5155
CALL
Moelis & Co
MC
$5.07B
| $2.56M | ﹤0.01% |
37,300
-23,800
| -39% | -$1.59M |
|
|
SVM
5156
CALL
Silvercorp Metals
SVM
$2.66B
| $2.56M | ﹤0.01% |
307,400
+61,000
| +25% | +$443K |
|
5157
CALL
Designer Brands
DBI
$299M
| $2.56M | ﹤0.01% |
344,900
+118,600
| +52% | +$570K |
|
5158
Warner Music
WMG
$13.4B
| $2.56M | ﹤0.01% |
83,494
+27,471
| +49% | +$839K |
|
5159
Quantum-Si Incorporated
QSI
$162M
| $2.56M | ﹤0.01% |
2,327,785
+286,690
| +14% | +$467K |
|
5160
CALL
Trupanion
TRUP
$1.34B
| $2.56M | ﹤0.01% |
68,500
-44,300
| -39% | -$1.74M |
|
5161
Tower Semiconductor
TSEM
$30B
| $2.56M | ﹤0.01% |
+21,793
| New | +$2.1M |
|
5162
PUT
Axcelis
ACLS
$4.33B
| $2.55M | ﹤0.01% |
31,800
-39,500
| -55% | -$3.31M |
|
5163
PUT
Monte Rosa Therapeutics
GLUE
$1.32B
| $2.55M | ﹤0.01% |
162,700
-9,300
| -5% | -$125K |
|
|
APPX
5164
PUT
Tradr 2X Long APP Daily ETF
APPX
$65.8M
| $2.54M | ﹤0.01% |
23,933
+15,133
| +172% | +$1.6M |
|
5165
DoubleVerify
DV
$2.04B
| $2.54M | ﹤0.01% |
222,250
-50,286
| -18% | -$555K |
|
5166
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.88B
| $2.54M | ﹤0.01% |
45,224
-10,896
| -19% | -$607K |
|
5167
CALL
Cellebrite
CLBT
$2.79B
| $2.54M | ﹤0.01% |
140,800
+130,400
| +1,254% | +$2.34M |
|
|
HEQQ
5168
JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF
HEQQ
$31M
| $2.54M | ﹤0.01% |
43,465
-33,748
| -44% | -$1.96M |
|
5169
PUT
Jack in the Box
JACK
$327M
| $2.54M | ﹤0.01% |
133,800
-73,300
| -35% | -$1.33M |
|
5170
Amplitude
AMPL
$1.63B
| $2.53M | ﹤0.01% |
218,863
+94,656
| +76% | +$996K |
|
|
JBGS
5171
PUT
JBG SMITH
JBGS
$672M
| $2.53M | ﹤0.01% |
148,900
-2,700
| -2% | -$51K |
|
5172
CALL
Imperial Petroleum
IMPP
$217M
| $2.53M | ﹤0.01% |
698,800
+29,700
| +4% | +$146K |
|
5173
InterDigital
IDCC
$8.87B
| $2.53M | ﹤0.01% |
7,939
-176
| -2% | -$62.2K |
|
5174
MicroSectors FANG & Innovation 3x Leveraged ETN
BULZ
$336M
| $2.53M | ﹤0.01% |
97,330
+44,630
| +85% | +$1.22M |
|
5175
CALL
Cerence
CRNC
$407M
| $2.53M | ﹤0.01% |
236,300
+59,900
| +34% | +$658K |
|
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.