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 | |
|---|---|---|---|---|---|---|
|
SCHV
5501
Schwab US Large-Cap Value ETF
SCHV
$16.3B
| $2.15M | ﹤0.01% |
72,774
+41,147
| +130% | +$1.2M |
|
5502
Independent Bank
INDB
$4.07B
| $2.15M | ﹤0.01% |
29,464
-5,138
| -15% | -$365K |
|
5503
Shell
SHEL
$250B
| $2.15M | ﹤0.01% |
29,296
+9,028
| +45% | +$665K |
|
|
HDV
5504
CALL
iShares Core High Dividend ETF
HDV
$15.1B
| $2.15M | ﹤0.01% |
88,500
-207,000
| -70% | -$5.03M |
|
|
AMRZ
5505
PUT
Amrize Ltd
AMRZ
$25.5B
| $2.15M | ﹤0.01% |
39,800
-11,500
| -22% | -$587K |
|
|
ETHD
5506
ProShares UltraShort Ether ETF
ETHD
$63.7M
| $2.15M | ﹤0.01% |
43,461
+29,941
| +221% | +$1.36M |
|
5507
First Trust Indxx NextG ETF
NXTG
$576M
| $2.15M | ﹤0.01% |
19,956
-24,039
| -55% | -$2.57M |
|
5508
Precigen
PGEN
$2.18B
| $2.15M | ﹤0.01% |
514,180
+438,905
| +583% | +$1.7M |
|
5509
IAMGOLD
IAG
$10.4B
| $2.15M | ﹤0.01% |
130,240
-103,935
| -44% | -$1.46M |
|
|
BRSL
5510
PUT
Brightstar Lottery PLC
BRSL
$2.15B
| $2.15M | ﹤0.01% |
138,700
-2,600
| -2% | -$42.4K |
|
5511
CALL
Xometry
XMTR
$5.52B
| $2.15M | ﹤0.01% |
36,100
-103,300
| -74% | -$5.82M |
|
5512
Carlisle Companies
CSL
$14.7B
| $2.15M | ﹤0.01% |
6,711
+3,173
| +90% | +$1.03M |
|
5513
CALL
Galectin Therapeutics
GALT
$347M
| $2.14M | ﹤0.01% |
515,600
+463,500
| +890% | +$2.44M |
|
5514
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $2.14M | ﹤0.01% |
27,649
+24,032
| +664% | +$1.84M |
|
5515
CALL
CVR Partners
UAN
$1.31B
| $2.14M | ﹤0.01% |
20,900
-13,200
| -39% | -$1.26M |
|
|
JHG
5516
CALL
DELISTED
Janus Henderson
JHG
| $2.14M | ﹤0.01% |
45,000
+39,300
| +689% | +$1.74M |
|
5517
W.R. Berkley
WRB
$26.2B
| $2.14M | ﹤0.01% |
30,525
-9,843
| -24% | -$725K |
|
5518
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $2.14M | ﹤0.01% |
39,800
-327,800
| -89% | -$17.8M |
|
5519
VictoryShares US 500 Enhanced Volatility Wtd ETF
CFO
$430M
| $2.14M | ﹤0.01% |
28,936
+25,568
| +759% | +$1.88M |
|
5520
PUT
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.6B
| $2.14M | ﹤0.01% |
29,900
-46,200
| -61% | -$3.46M |
|
5521
CALL
Cullinan Oncology
CGEM
$1.31B
| $2.14M | ﹤0.01% |
206,400
+195,700
| +1,829% | +$1.77M |
|
5522
PUT
Helen of Troy
HELE
$704M
| $2.14M | ﹤0.01% |
100,500
-98,200
| -49% | -$2M |
|
5523
PUT
Invesco S&P 500 Low Volatility ETF
SPLV
$7.23B
| $2.14M | ﹤0.01% |
29,900
+6,900
| +30% | +$496K |
|
5524
V2X
VVX
$2.6B
| $2.13M | ﹤0.01% |
39,087
+11,936
| +44% | +$672K |
|
5525
iShares MSCI China Multisector Tech ETF
TCHI
$45.8M
| $2.13M | ﹤0.01% |
+91,101
| New | +$2.24M |
|
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.