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 | |
|---|---|---|---|---|---|---|
|
JOYY
5176
CALL
JOYY Inc
JOYY
$3.68B
| $2.53M | ﹤0.01% |
39,000
-25,900
| -40% | -$1.58M |
|
|
MUU
5177
Direxion Daily MU Bull 2X ETF
MUU
$4.58B
| $2.52M | ﹤0.01% |
500,960
+368,240
| +277% | +$1.33M |
|
|
BSCZ
5178
Invesco BulletShares 2035 Corporate Bond ETF
BSCZ
$278M
| $2.52M | ﹤0.01% |
+121,203
| New | +$2.53M |
|
5179
PUT
Hess Midstream
HESM
$5.2B
| $2.52M | ﹤0.01% |
73,100
-85,400
| -54% | -$2.87M |
|
5180
Sabre
SABR
$900M
| $2.52M | ﹤0.01% |
1,851,668
+436,427
| +31% | +$752K |
|
5181
PUT
TORM
TRMD
$3.08B
| $2.52M | ﹤0.01% |
128,600
+74,500
| +138% | +$1.57M |
|
5182
iShares Core US Aggregate Bond ETF
AGG
$138B
| $2.52M | ﹤0.01% |
25,205
-43,357
| -63% | -$4.35M |
|
5183
PUT
LGI Homes
LGIH
$1.39B
| $2.52M | ﹤0.01% |
58,600
+39,400
| +205% | +$1.85M |
|
5184
CALL
Loews
L
$23.1B
| $2.52M | ﹤0.01% |
23,900
+2,000
| +9% | +$207K |
|
5185
Compañía de Minas Buenaventura
BVN
$8.57B
| $2.51M | ﹤0.01% |
90,318
-14,569
| -14% | -$364K |
|
5186
EyePoint Inc
EYPT
$1.27B
| $2.51M | ﹤0.01% |
137,555
+46,900
| +52% | +$665K |
|
5187
PUT
iShares MSCI Turkey ETF
TUR
$222M
| $2.51M | ﹤0.01% |
73,000
-8,200
| -10% | -$277K |
|
5188
Direxion Daily Energy Bull 2X ETF
ERX
$251M
| $2.51M | ﹤0.01% |
44,983
-6,372
| -12% | -$353K |
|
5189
Hillman Solutions
HLMN
$1.69B
| $2.51M | ﹤0.01% |
290,053
+36,690
| +14% | +$331K |
|
|
TXNM
5190
TXNM Energy Inc
TXNM
$5.91B
| $2.51M | ﹤0.01% |
42,651
+14,911
| +54% | +$861K |
|
|
MASI
5191
CALL
DELISTED
Masimo
MASI
| $2.51M | ﹤0.01% |
19,300
-500
| -3% | -$71.6K |
|
5192
Xtrackers Russell US Multifactor ETF
DEUS
$308M
| $2.51M | ﹤0.01% |
43,023
+29,927
| +229% | +$1.73M |
|
5193
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $2.51M | ﹤0.01% |
42,700
-18,500
| -30% | -$1.1M |
|
5194
Vanguard Energy ETF
VDE
$10.6B
| $2.5M | ﹤0.01% |
19,876
-7,644
| -28% | -$960K |
|
5195
PUT
Korro Bio
KRRO
$196M
| $2.5M | ﹤0.01% |
+312,200
| New | +$7.3M |
|
5196
JPMorgan US Quality Factor ETF
JQUA
$8.63B
| $2.5M | ﹤0.01% |
39,572
+28,164
| +247% | +$1.77M |
|
5197
PUT
Fox Class A
FOXA
$29B
| $2.5M | ﹤0.01% |
34,200
-19,200
| -36% | -$1.25M |
|
5198
Dakota Gold
DC
$836M
| $2.5M | ﹤0.01% |
439,820
+144,303
| +49% | +$693K |
|
5199
Allient
ALNT
$1.89B
| $2.5M | ﹤0.01% |
46,456
-6,266
| -12% | -$328K |
|
5200
Phreesia
PHR
$759M
| $2.5M | ﹤0.01% |
147,537
+98,715
| +202% | +$2.04M |
|
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.