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 | |
|---|---|---|---|---|---|---|
5426
CALL
Advanced Drainage Systems
WMS
$11.4B
| $2.23M | ﹤0.01% |
15,400
-25,400
| -62% | -$3.68M |
|
5427
Kosmos Energy
KOS
$1.51B
| $2.23M | ﹤0.01% |
2,456,451
+426,131
| +21% | +$562K |
|
5428
PUT
HealthEquity
HQY
$8.76B
| $2.23M | ﹤0.01% |
24,300
+6,000
| +33% | +$574K |
|
5429
Nuveen ESG Large-Cap Value ETF
NULV
$2.29B
| $2.23M | ﹤0.01% |
49,390
+25,118
| +103% | +$1.12M |
|
5430
PUT
iShares US Medical Devices ETF
IHI
$3.46B
| $2.22M | ﹤0.01% |
35,800
+6,900
| +24% | +$426K |
|
5431
Innovator Equity Defined Protection ETF - 2 Yr to April 2028
AAPR
$73M
| $2.22M | ﹤0.01% |
78,302
+12,748
| +19% | +$358K |
|
5432
CALL
Constellium
CSTM
$4.01B
| $2.22M | ﹤0.01% |
118,000
-2,800
| -2% | -$46.5K |
|
5433
PUT
Camden Property Trust
CPT
$11.1B
| $2.22M | ﹤0.01% |
20,200
-6,800
| -25% | -$707K |
|
5434
YieldMax AMZN Option Income Strategy ETF
AMZY
$246M
| $2.22M | ﹤0.01% |
167,263
+155,246
| +1,292% | +$2.16M |
|
5435
Direxion Daily Retail Bull 3X ETF
RETL
$27.3M
| $2.22M | ﹤0.01% |
240,766
+184,642
| +329% | +$1.67M |
|
5436
PUT
Green Brick Partners
GRBK
$3.03B
| $2.22M | ﹤0.01% |
35,400
-15,700
| -31% | -$1.04M |
|
5437
PUT
iRhythm Holdings
IRTC
$4.17B
| $2.22M | ﹤0.01% |
12,500
-61,200
| -83% | -$10.8M |
|
5438
PUT
Lightpath Technologies
LPTH
$953M
| $2.22M | ﹤0.01% |
205,300
+63,900
| +45% | +$518K |
|
5439
AllianceBernstein
AB
$3.41B
| $2.22M | ﹤0.01% |
57,577
-97,989
| -63% | -$3.89M |
|
5440
Vanguard Financials ETF
VFH
$14B
| $2.22M | ﹤0.01% |
16,596
+911
| +6% | +$118K |
|
5441
Kimco Realty
KIM
$16.4B
| $2.21M | ﹤0.01% |
109,261
-79,401
| -42% | -$1.65M |
|
5442
Ares Capital
ARCC
$14.3B
| $2.21M | ﹤0.01% |
109,452
+79,667
| +267% | +$1.61M |
|
5443
Goldman Sachs Equal Weight US Large Cap Equity ETF
GSEW
$2.08B
| $2.21M | ﹤0.01% |
26,001
+9,157
| +54% | +$777K |
|
5444
PUT
Landstar System
LSTR
$6.45B
| $2.21M | ﹤0.01% |
15,400
-11,300
| -42% | -$1.51M |
|
5445
CALL
Equity Residential
EQR
$24.7B
| $2.21M | ﹤0.01% |
35,100
-49,500
| -59% | -$3.04M |
|
5446
WisdomTree US Total Dividend Fund
DTD
$1.7B
| $2.21M | ﹤0.01% |
26,065
-21,902
| -46% | -$1.84M |
|
5447
Madison Square Garden
MSGS
$9.8B
| $2.21M | ﹤0.01% |
8,527
-33,889
| -80% | -$7.71M |
|
5448
NMI Holdings
NMIH
$3.44B
| $2.21M | ﹤0.01% |
54,061
+4,581
| +9% | +$173K |
|
5449
Gain Therapeutics
GANX
$90.4M
| $2.2M | ﹤0.01% |
684,349
+603,914
| +751% | +$1.61M |
|
|
FSOL
5450
Fidelity Solana Fund
FSOL
$97.2M
| $2.2M | ﹤0.01% |
+150,955
| New | +$2.32M |
|
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.