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 | |
|---|---|---|---|---|---|---|
5251
Invesco Preferred ETF
PGX
$3.77B
| $2.41M | ﹤0.01% |
214,804
+143,376
| +201% | +$1.64M |
|
5252
T. Rowe Price International Equity ETF
TOUS
$1.64B
| $2.41M | ﹤0.01% |
69,980
-14,535
| -17% | -$494K |
|
|
MBX
5253
MBX Biosciences
MBX
$3.3B
| $2.41M | ﹤0.01% |
+76,528
| New | +$1.86M |
|
5254
CALL
Leggett & Platt
LEG
$1.32B
| $2.41M | ﹤0.01% |
219,400
-113,500
| -34% | -$1.12M |
|
5255
CALL
Gulfport Energy Corp
GPOR
$3.01B
| $2.41M | ﹤0.01% |
11,600
-2,400
| -17% | -$478K |
|
|
WYFI
5256
PUT
WhiteFiber Inc
WYFI
$1.15B
| $2.41M | ﹤0.01% |
152,700
-17,200
| -10% | -$425K |
|
5257
Bumble
BMBL
$358M
| $2.41M | ﹤0.01% |
675,232
-14,954
| -2% | -$66.2K |
|
5258
PUT
ProShares UltraShort Bloomberg Crude Oil
SCO
$594M
| $2.41M | ﹤0.01% |
30,725
-40,225
| -57% | -$3.03M |
|
5259
CALL
Flywire
FLYW
$2.29B
| $2.41M | ﹤0.01% |
170,200
+36,000
| +27% | +$493K |
|
5260
PUT
ProShares UltraPro Short 20+ Year Treasury
TTT
$18.6M
| $2.41M | ﹤0.01% |
36,000
+24,200
| +205% | +$1.63M |
|
|
NB
5261
PUT
NioCorp Developments
NB
$744M
| $2.41M | ﹤0.01% |
454,600
+248,500
| +121% | +$1.71M |
|
5262
CALL
Freedom Holding
FRHC
$9.34B
| $2.41M | ﹤0.01% |
19,800
-14,500
| -42% | -$2.1M |
|
5263
Avantis US Large Cap Value ETF
AVLV
$18.5B
| $2.4M | ﹤0.01% |
31,738
-27,982
| -47% | -$2.06M |
|
5264
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$329M
| $2.4M | ﹤0.01% |
67,795
+8,649
| +15% | +$316K |
|
5265
PUT
First Trust Water ETF
FIW
$1.92B
| $2.4M | ﹤0.01% |
22,100
+16,400
| +288% | +$1.83M |
|
5266
PUT
Schwab US Large-Cap Growth ETF
SCHG
$62.9B
| $2.4M | ﹤0.01% |
73,500
-6,500
| -8% | -$211K |
|
5267
ARK Genomic Revolution ETF
ARKG
$1.74B
| $2.4M | ﹤0.01% |
82,755
-6,799
| -8% | -$204K |
|
5268
HSBC
HSBC
$356B
| $2.39M | ﹤0.01% |
30,438
+15,337
| +102% | +$1.1M |
|
|
PLTY
5269
PUT
YieldMax PLTR Option Income Strategy ETF
PLTY
$391M
| $2.39M | ﹤0.01% |
46,400
-25,200
| -35% | -$1.47M |
|
5270
iShares Morningstar Mid-Cap ETF
IMCB
$1.73B
| $2.39M | ﹤0.01% |
28,906
+5,092
| +21% | +$421K |
|
|
PHEQ
5271
Parametric Hedged Equity ETF
PHEQ
$144M
| $2.39M | ﹤0.01% |
+73,403
| New | +$2.37M |
|
5272
CALL
Ryan Specialty Holdings
RYAN
$10.7B
| $2.39M | ﹤0.01% |
46,300
+7,400
| +19% | +$406K |
|
5273
PUT
ADT
ADT
$5.47B
| $2.39M | ﹤0.01% |
296,000
+47,600
| +19% | +$396K |
|
5274
PUT
Applied Industrial Technologies
AIT
$13.3B
| $2.39M | ﹤0.01% |
9,300
-7,200
| -44% | -$1.84M |
|
5275
Schwab Fundamental US Large Company Index ETF
FNDX
$27.6B
| $2.39M | ﹤0.01% |
+87,695
| New | +$2.35M |
|
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.