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 | |
|---|---|---|---|---|---|---|
5551
iShares Expanded Tech Sector ETF
IGM
$10.9B
| $2.11M | ﹤0.01% |
16,342
+4,120
| +34% | +$534K |
|
5552
CALL
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
| $2.11M | ﹤0.01% |
8,400
+7,500
| +833% | +$1.86M |
|
5553
Valley National Bancorp
VLY
$8.29B
| $2.11M | ﹤0.01% |
180,571
-546,760
| -75% | -$6.07M |
|
5554
Infosys
INFY
$49B
| $2.11M | ﹤0.01% |
118,293
+77,471
| +190% | +$1.34M |
|
5555
PUT
Federal Agricultural Mortgage
AGM
$2.53B
| $2.11M | ﹤0.01% |
12,000
+2,700
| +29% | +$454K |
|
|
ECG
5556
CALL
Everus Construction Group
ECG
$7.2B
| $2.1M | ﹤0.01% |
24,600
-300
| -1% | -$26.8K |
|
|
MSSM
5557
Morgan Stanley Pathway Small-Mid Cap Equity ETF
MSSM
$740M
| $2.1M | ﹤0.01% |
41,582
+26,635
| +178% | +$1.36M |
|
5558
Expro Ltd
XPRO
$2.1B
| $2.1M | ﹤0.01% |
157,598
+29,003
| +23% | +$391K |
|
5559
Alto Neuroscience
ANRO
$1.26B
| $2.1M | ﹤0.01% |
118,156
-37,520
| -24% | -$472K |
|
5560
First American
FAF
$7.54B
| $2.1M | ﹤0.01% |
34,218
+8,873
| +35% | +$556K |
|
5561
PUT
Agree Realty
ADC
$9.3B
| $2.1M | ﹤0.01% |
29,100
+16,400
| +129% | +$1.2M |
|
5562
State Street SPDR NYSE Technology ETF
XNTK
$2.26B
| $2.09M | ﹤0.01% |
7,535
-11,349
| -60% | -$3.17M |
|
5563
PUT
AdaptHealth
AHCO
$775M
| $2.09M | ﹤0.01% |
210,100
-40,300
| -16% | -$385K |
|
5564
PUT
SouthState Bank Corp
SSB
$10.8B
| $2.09M | ﹤0.01% |
22,200
-36,700
| -62% | -$3.4M |
|
|
LB
5565
CALL
LandBridge Co
LB
$2.24B
| $2.09M | ﹤0.01% |
42,600
+3,800
| +10% | +$221K |
|
5566
Supernus Pharmaceuticals
SUPN
$2.81B
| $2.09M | ﹤0.01% |
41,984
+10,623
| +34% | +$517K |
|
5567
Primerica
PRI
$9.65B
| $2.09M | ﹤0.01% |
8,076
+5,776
| +251% | +$1.51M |
|
5568
WisdomTree US LargeCap Dividend Fund
DLN
$6.45B
| $2.09M | ﹤0.01% |
23,684
+1,537
| +7% | +$134K |
|
5569
Global X Autonomous & Electric Vehicles ETF
DRIV
$398M
| $2.09M | ﹤0.01% |
70,512
+52,186
| +285% | +$1.54M |
|
|
FLCG
5570
Federated Hermes MDT Large Cap Growth ETF
FLCG
$631M
| $2.08M | ﹤0.01% |
62,986
+39,312
| +166% | +$1.29M |
|
5571
LiveRamp
RAMP
$2.3B
| $2.08M | ﹤0.01% |
70,904
-7,405
| -9% | -$213K |
|
5572
CALL
Principal Financial Group
PFG
$24.4B
| $2.08M | ﹤0.01% |
23,600
+4,000
| +20% | +$338K |
|
|
VGVT
5573
Vanguard Government Securities Active ETF
VGVT
$36.4M
| $2.08M | ﹤0.01% |
27,370
-19,044
| -41% | -$1.46M |
|
5574
Vipshop
VIPS
$6.81B
| $2.08M | ﹤0.01% |
117,620
+41,098
| +54% | +$791K |
|
5575
PAR Technology
PAR
$788M
| $2.08M | ﹤0.01% |
57,339
+48,451
| +545% | +$1.75M |
|
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.