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 | |
|---|---|---|---|---|---|---|
|
KYIV
5226
PUT
Kyivstar Group
KYIV
$3.06B
| $2.45M | ﹤0.01% |
188,800
+105,200
| +126% | +$1.39M |
|
5227
Sprott Physical Silver Trust
PSLV
$13.3B
| $2.45M | ﹤0.01% |
103,582
-229,455
| -69% | -$4.2M |
|
5228
Invesco S&P International Developed Low Volatility ETF
IDLV
$345M
| $2.45M | ﹤0.01% |
72,201
+8,730
| +14% | +$293K |
|
5229
PUT
Regal Rexnord
RRX
$11.7B
| $2.44M | ﹤0.01% |
17,400
+3,700
| +27% | +$526K |
|
5230
PUT
Replimune Group
REPL
$1.4B
| $2.44M | ﹤0.01% |
251,000
-1,477,800
| -85% | -$12.6M |
|
5231
ALPS Disruptive Technologies ETF
DTEC
$77.4M
| $2.44M | ﹤0.01% |
50,212
-5,515
| -10% | -$276K |
|
5232
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$5.13B
| $2.44M | ﹤0.01% |
26,807
+4,343
| +19% | +$390K |
|
5233
PUT
PAR Technology
PAR
$788M
| $2.44M | ﹤0.01% |
67,200
+48,100
| +252% | +$1.74M |
|
5234
CALL
FormFactor
FORM
$10.3B
| $2.44M | ﹤0.01% |
43,700
+6,000
| +16% | +$302K |
|
5235
CALL
Gold Royalty Corp
GROY
$727M
| $2.43M | ﹤0.01% |
602,700
+311,400
| +107% | +$1.19M |
|
5236
CALL
Rani Therapeutics
RANI
$89.5M
| $2.43M | ﹤0.01% |
+1,802,900
| New | +$2.72M |
|
|
MBNE
5237
DELISTED
State Street Nuveen Municipal Bond ESG ETF
MBNE
| $2.43M | ﹤0.01% |
83,786
+25,378
| +43% | +$741K |
|
5238
Medpace
MEDP
$16.1B
| $2.43M | ﹤0.01% |
4,332
-1,011
| -19% | -$574K |
|
5239
PUT
Perion Network
PERI
$385M
| $2.43M | ﹤0.01% |
253,900
-83,100
| -25% | -$807K |
|
5240
PUT
Revolve Group
RVLV
$1.68B
| $2.43M | ﹤0.01% |
80,500
+43,100
| +115% | +$1.04M |
|
5241
CALL
Ameren
AEE
$30.4B
| $2.43M | ﹤0.01% |
24,300
-1,000
| -4% | -$103K |
|
|
NNE
5242
Nano Nuclear Energy
NNE
$1.06B
| $2.42M | ﹤0.01% |
100,931
+92,671
| +1,122% | +$3.55M |
|
5243
CALL
iShares Core MSCI Total International Stock ETF
IXUS
$60.8B
| $2.42M | ﹤0.01% |
28,600
+14,300
| +100% | +$1.2M |
|
5244
CALL
Invesco DB US Dollar Index Bearish Fund
UDN
$109M
| $2.42M | ﹤0.01% |
132,700
-16,300
| -11% | -$302K |
|
5245
AMC Entertainment Holdings
AMC
$2.23B
| $2.42M | ﹤0.01% |
1,551,219
-614,804
| -28% | -$1.47M |
|
|
CNTA
5246
PUT
DELISTED
Centessa Pharmaceuticals
CNTA
| $2.42M | ﹤0.01% |
96,700
+19,000
| +24% | +$481K |
|
5247
HCI Group
HCI
$2.29B
| $2.42M | ﹤0.01% |
+12,607
| New | +$2.37M |
|
5248
CALL
Teucrium Soybean Fund
SOYB
$60.9M
| $2.42M | ﹤0.01% |
110,500
+60,200
| +120% | +$1.36M |
|
5249
CALL
Tarsus Pharmaceuticals
TARS
$3.04B
| $2.42M | ﹤0.01% |
29,500
+11,800
| +67% | +$881K |
|
|
MSLC
5250
Morgan Stanley Pathway Large Cap Equity ETF
MSLC
$4.13B
| $2.41M | ﹤0.01% |
44,394
+21,645
| +95% | +$1.18M |
|
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.