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 | |
|---|---|---|---|---|---|---|
5626
iShares Russell Mid-Cap ETF
IWR
$58.4B
| $2.04M | ﹤0.01% |
+21,189
| New | +$2.04M |
|
5627
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
| $2.04M | ﹤0.01% |
8,120
+2,013
| +33% | +$500K |
|
|
KC
5628
PUT
Kingsoft Cloud Holdings
KC
$3.51B
| $2.04M | ﹤0.01% |
197,200
-105,800
| -35% | -$1.3M |
|
5629
State Street SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
$2.04B
| $2.04M | ﹤0.01% |
106,812
+83,728
| +363% | +$1.61M |
|
5630
Churchill Downs
CHDN
$6.33B
| $2.04M | ﹤0.01% |
17,907
-7,990
| -31% | -$829K |
|
|
BRIE
5631
MFS Blended Research International Equity ETF
BRIE
$426M
| $2.03M | ﹤0.01% |
+76,776
| New | +$1.97M |
|
5632
CALL
Enpro
NPO
$7.27B
| $2.03M | ﹤0.01% |
9,500
+4,200
| +79% | +$929K |
|
5633
CALL
DoubleVerify
DV
$2.04B
| $2.03M | ﹤0.01% |
177,800
+36,100
| +25% | +$398K |
|
5634
PUT
Kiniksa Pharmaceuticals
KNSA
$5.99B
| $2.03M | ﹤0.01% |
+49,300
| New | +$1.98M |
|
5635
CALL
Rayonier
RYN
$6.49B
| $2.03M | ﹤0.01% |
93,900
-17,170
| -15% | -$388K |
|
5636
CALL
iShares MSCI Europe Financials ETF
EUFN
$4.31B
| $2.03M | ﹤0.01% |
54,800
+34,800
| +174% | +$1.21M |
|
|
TGNA
5637
PUT
DELISTED
TEGNA Inc
TGNA
| $2.03M | ﹤0.01% |
104,700
+19,100
| +22% | +$377K |
|
|
ALMS
5638
Alumis Inc
ALMS
$3.28B
| $2.03M | ﹤0.01% |
208,133
-154,512
| -43% | -$1.08M |
|
5639
CALL
Endava
DAVA
$164M
| $2.03M | ﹤0.01% |
321,400
+255,800
| +390% | +$1.96M |
|
5640
PUT
Flowserve
FLS
$10.3B
| $2.03M | ﹤0.01% |
29,200
-94,100
| -76% | -$6.05M |
|
5641
First Horizon
FHN
$12.4B
| $2.03M | ﹤0.01% |
84,747
-419,604
| -83% | -$9.35M |
|
5642
Nuveen ESG Mid-Cap Growth ETF
NUMG
$374M
| $2.02M | ﹤0.01% |
42,394
+27,045
| +176% | +$1.3M |
|
5643
Dimensional US Core Equity 2 ETF
DFAC
$49.9B
| $2.02M | ﹤0.01% |
51,113
-54,403
| -52% | -$2.12M |
|
5644
GraniteShares 2x Long COIN Daily ETF
CONL
$402M
| $2.02M | ﹤0.01% |
138,094
-503,301
| -78% | -$14.2M |
|
5645
CALL
Genesis Energy
GEL
$1.93B
| $2.02M | ﹤0.01% |
129,600
-108,400
| -46% | -$1.7M |
|
5646
Encompass Health
EHC
$12.2B
| $2.02M | ﹤0.01% |
19,043
+7,820
| +70% | +$906K |
|
5647
Knowles
KN
$3.29B
| $2.02M | ﹤0.01% |
94,306
-47,516
| -34% | -$1.08M |
|
5648
CALL
Champion Homes
SKY
$5.13B
| $2.02M | ﹤0.01% |
23,900
-31,900
| -57% | -$2.51M |
|
|
CVSA
5649
PUT
Covista Inc
CVSA
$4.49B
| $2.02M | ﹤0.01% |
19,500
+9,100
| +88% | +$1.04M |
|
5650
Overlay Shares Core Bond ETF
OVB
$47.9M
| $2.02M | ﹤0.01% |
98,317
-13,577
| -12% | -$281K |
|
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.