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 | |
|---|---|---|---|---|---|---|
5451
Amdocs
DOX
$6.18B
| $2.2M | ﹤0.01% |
27,347
+23,240
| +566% | +$1.87M |
|
5452
PUT
TransAlta
TAC
$4.05B
| $2.2M | ﹤0.01% |
174,100
+142,700
| +454% | +$2.13M |
|
5453
CALL
NovaGold Resources
NG
$3.48B
| $2.2M | ﹤0.01% |
236,100
-13,700
| -5% | -$127K |
|
5454
CALL
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.6B
| $2.2M | ﹤0.01% |
12,400
-10,000
| -45% | -$1.75M |
|
5455
IDEAYA Biosciences
IDYA
$3.49B
| $2.2M | ﹤0.01% |
63,558
+18,234
| +40% | +$581K |
|
5456
PUT
Xenon Pharmaceuticals
XENE
$6.03B
| $2.2M | ﹤0.01% |
49,000
-38,900
| -44% | -$1.63M |
|
5457
CALL
iShares MSCI Saudi Arabia ETF
KSA
$624M
| $2.2M | ﹤0.01% |
60,300
+44,200
| +275% | +$1.71M |
|
5458
Liberty Latin America Class A
LILA
$1.69B
| $2.2M | ﹤0.01% |
437,278
-7,571
| -2% | -$41.8K |
|
5459
CALL
Exponent
EXPO
$3.19B
| $2.19M | ﹤0.01% |
31,600
+20,200
| +177% | +$1.42M |
|
5460
Guidewire Software
GWRE
$14.6B
| $2.19M | ﹤0.01% |
10,919
-24,677
| -69% | -$5.46M |
|
5461
PUT
Aurinia Pharmaceuticals
AUPH
$2.06B
| $2.19M | ﹤0.01% |
137,600
-61,000
| -31% | -$865K |
|
5462
State Street SPDR S&P Health Care Equipment ETF
XHE
$169M
| $2.19M | ﹤0.01% |
24,866
+6,577
| +36% | +$553K |
|
5463
CALL
UGI
UGI
$7.59B
| $2.19M | ﹤0.01% |
58,600
-5,500
| -9% | -$195K |
|
5464
PUT
Vanguard Tax-Exempt Bond Index Fund
VTEB
$46B
| $2.19M | ﹤0.01% |
43,600
-3,400
| -7% | -$171K |
|
5465
Genasys
GNSS
$78.8M
| $2.19M | ﹤0.01% |
1,021,945
+838,712
| +458% | +$1.88M |
|
|
MASI
5466
DELISTED
Masimo
MASI
| $2.19M | ﹤0.01% |
16,849
+14,124
| +518% | +$2.02M |
|
5467
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
FTHI
$2.48B
| $2.19M | ﹤0.01% |
92,743
+79,647
| +608% | +$1.88M |
|
5468
PUT
Cerence
CRNC
$407M
| $2.19M | ﹤0.01% |
204,900
+92,300
| +82% | +$1.01M |
|
5469
Direxion Daily NVDA Bear 1X ETF
NVDD
$19.4M
| $2.19M | ﹤0.01% |
57,103
+36,108
| +172% | +$1.41M |
|
5470
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
LMBS
$6.4B
| $2.19M | ﹤0.01% |
+43,802
| New | +$2.19M |
|
5471
CALL
iShares MSCI Chile ETF
ECH
$1.04B
| $2.19M | ﹤0.01% |
54,100
+17,200
| +47% | +$624K |
|
5472
YPF Sociedad Anonima ADS
YPF
$19.6B
| $2.18M | ﹤0.01% |
60,330
-214,418
| -78% | -$7.11M |
|
5473
Nabors Industries
NBR
$1.39B
| $2.18M | ﹤0.01% |
+40,175
| New | +$1.96M |
|
5474
PUT
Genpact
G
$5.69B
| $2.18M | ﹤0.01% |
46,600
-219,300
| -82% | -$9.48M |
|
5475
PUT
Reinsurance Group of America
RGA
$16.3B
| $2.18M | ﹤0.01% |
10,700
-20,000
| -65% | -$3.87M |
|
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.