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 | |
|---|---|---|---|---|---|---|
5726
Unilever
UL
$134B
| $1.94M | ﹤0.01% |
29,638
+3,018
| +11% | +$203K |
|
5727
FormFactor
FORM
$10.3B
| $1.94M | ﹤0.01% |
34,699
-40,117
| -54% | -$2.02M |
|
5728
FreightCar America
RAIL
$240M
| $1.93M | ﹤0.01% |
174,791
+70,865
| +68% | +$651K |
|
5729
First Interstate BancSystem
FIBK
$3.73B
| $1.93M | ﹤0.01% |
55,865
-120,292
| -68% | -$3.94M |
|
5730
Dana Inc
DAN
$3.26B
| $1.93M | ﹤0.01% |
81,336
+45,383
| +126% | +$960K |
|
5731
PUT
iShares MSCI Europe Financials ETF
EUFN
$4.31B
| $1.93M | ﹤0.01% |
52,100
-5,600
| -10% | -$195K |
|
5732
State Street SPDR S&P Telecom ETF
XTL
$559M
| $1.93M | ﹤0.01% |
12,607
-4,450
| -26% | -$661K |
|
5733
PUT
Global X Defense Tech ETF
SHLD
$7.82B
| $1.93M | ﹤0.01% |
29,800
+17,700
| +146% | +$1.17M |
|
5734
CALL
iShares MSCI USA Min Vol Factor ETF
USMV
$24.5B
| $1.93M | ﹤0.01% |
20,500
+1,500
| +8% | +$141K |
|
5735
CALL
Disc Medicine
IRON
$3.03B
| $1.93M | ﹤0.01% |
+24,300
| New | +$2.05M |
|
5736
PUT
Millicom
TIGO
$15.7B
| $1.93M | ﹤0.01% |
34,800
+26,500
| +319% | +$1.33M |
|
|
SEPN
5737
CALL
Septerna Inc
SEPN
$2.08B
| $1.93M | ﹤0.01% |
69,200
-3,400
| -5% | -$81.2K |
|
5738
PUT
Voya Financial
VOYA
$9.2B
| $1.93M | ﹤0.01% |
25,900
-6,400
| -20% | -$466K |
|
5739
TAL Education Group
TAL
$6.46B
| $1.93M | ﹤0.01% |
176,766
+152,249
| +621% | +$1.73M |
|
|
CGAU
5740
Centerra Gold
CGAU
$4.21B
| $1.93M | ﹤0.01% |
134,169
-96,667
| -42% | -$1.21M |
|
5741
PUT
Rhythm Pharmaceuticals
RYTM
$7.95B
| $1.93M | ﹤0.01% |
18,000
-91,700
| -84% | -$9.73M |
|
5742
ProShares UltraPro Short Russell2000
SRTY
$65.3M
| $1.93M | ﹤0.01% |
45,383
-920
| -2% | -$40.6K |
|
5743
CALL
FB Financial Corp
FBK
$3.09B
| $1.93M | ﹤0.01% |
+34,500
| New | +$1.93M |
|
|
LAR
5744
CALL
Lithium Argentina AG
LAR
$1.12B
| $1.93M | ﹤0.01% |
345,000
+323,500
| +1,505% | +$1.54M |
|
|
AHL
5745
DELISTED
Aspen Insurance
AHL
| $1.92M | ﹤0.01% |
+51,859
| New | +$1.91M |
|
5746
CALL
Iridium Communications
IRDM
$5.32B
| $1.92M | ﹤0.01% |
110,700
-58,600
| -35% | -$1.04M |
|
5747
Fulton Financial
FULT
$4.72B
| $1.92M | ﹤0.01% |
99,527
-13,162
| -12% | -$242K |
|
5748
Vanguard Total Bond Market
BND
$161B
| $1.92M | ﹤0.01% |
25,960
-65,142
| -72% | -$4.85M |
|
5749
Enterprise Financial Services Corp
EFSC
$2.4B
| $1.92M | ﹤0.01% |
35,595
+889
| +3% | +$48.8K |
|
5750
PUT
Aaon
AAON
$7.24B
| $1.92M | ﹤0.01% |
25,200
-19,400
| -43% | -$1.79M |
|
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.