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 | |
|---|---|---|---|---|---|---|
5751
Dyne Therapeutics
DYN
$4.8B
| $1.92M | ﹤0.01% |
98,215
-19,555
| -17% | -$370K |
|
5752
Pacer Swan SOS Moderate April ETF
PSMR
$91.6M
| $1.92M | ﹤0.01% |
64,457
-7,895
| -11% | -$233K |
|
5753
Arrowhead Research
ARWR
$12.2B
| $1.92M | ﹤0.01% |
28,911
+21,783
| +306% | +$1.07M |
|
5754
Nicolet Bankshares
NIC
$3.75B
| $1.92M | ﹤0.01% |
15,818
+4,431
| +39% | +$560K |
|
5755
Skyward Specialty Insurance
SKWD
$2.42B
| $1.92M | ﹤0.01% |
37,538
-2,087
| -5% | -$100K |
|
5756
CALL
Vanguard Communication Services ETF
VOX
$5.9B
| $1.92M | ﹤0.01% |
9,900
+300
| +3% | +$56.3K |
|
5757
PUT
NiSource
NI
$20.4B
| $1.92M | ﹤0.01% |
45,900
+17,100
| +59% | +$731K |
|
5758
Erie Indemnity
ERIE
$13.4B
| $1.92M | ﹤0.01% |
6,684
+3,080
| +85% | +$919K |
|
5759
PUT
Green Plains
GPRE
$1.09B
| $1.91M | ﹤0.01% |
195,400
-79,500
| -29% | -$800K |
|
5760
CALL
Boise Cascade
BCC
$2.9B
| $1.91M | ﹤0.01% |
26,000
+16,000
| +160% | +$1.17M |
|
5761
iShares Morningstar Growth ETF
ILCG
$3.29B
| $1.91M | ﹤0.01% |
18,385
-2,310
| -11% | -$241K |
|
5762
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.88B
| $1.91M | ﹤0.01% |
65,115
-141,036
| -68% | -$4.25M |
|
5763
Seanergy Maritime Holdings
SHIP
$363M
| $1.91M | ﹤0.01% |
206,864
+72,548
| +54% | +$659K |
|
5764
Bank OZK
OZK
$5.72B
| $1.91M | ﹤0.01% |
41,444
-99,743
| -71% | -$4.67M |
|
5765
State Street SPDR S&P 400 Mid Cap Growth ETF
MDYG
$2.98B
| $1.91M | ﹤0.01% |
20,612
+11,854
| +135% | +$1.09M |
|
|
TSYY
5766
GraniteShares YieldBOOST TSLA ETF
TSYY
$61.4M
| $1.9M | ﹤0.01% |
42,870
+34,433
| +408% | +$1.9M |
|
5767
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.53B
| $1.9M | ﹤0.01% |
13,200
-9,900
| -43% | -$1.36M |
|
5768
CALL
Liberty Media Series C
FWONK
$26B
| $1.9M | ﹤0.01% |
19,300
-3,100
| -14% | -$304K |
|
|
MESO
5769
PUT
Mesoblast
MESO
$2.02B
| $1.9M | ﹤0.01% |
105,300
+28,000
| +36% | +$482K |
|
|
MULL
5770
GraniteShares 2x Long MU Daily ETF
MULL
$597M
| $1.9M | ﹤0.01% |
+529,025
| New | +$1.34M |
|
5771
CALL
Triumph Financial Inc
TFIN
$1.87B
| $1.9M | ﹤0.01% |
30,300
-7,600
| -20% | -$426K |
|
5772
PUT
BlackLine
BL
$1.77B
| $1.9M | ﹤0.01% |
34,300
-43,400
| -56% | -$2.39M |
|
5773
Frontdoor
FTDR
$5.96B
| $1.9M | ﹤0.01% |
32,858
+8,943
| +37% | +$526K |
|
5774
PUT
Build-A-Bear
BBW
$481M
| $1.89M | ﹤0.01% |
30,900
+800
| +3% | +$43.5K |
|
5775
PUT
Cheesecake Factory
CAKE
$5.64B
| $1.89M | ﹤0.01% |
37,500
-114,400
| -75% | -$5.74M |
|
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.