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 | |
|---|---|---|---|---|---|---|
5776
CALL
Reinsurance Group of America
RGA
$16.3B
| $1.89M | ﹤0.01% |
9,300
-13,300
| -59% | -$2.57M |
|
5777
CoinShares Bitcoin and Ether ETF
BTF
$13.6M
| $1.89M | ﹤0.01% |
72,455
+65,355
| +920% | +$4.43M |
|
5778
Ingredion
INGR
$6.63B
| $1.89M | ﹤0.01% |
17,151
+8,968
| +110% | +$1.01M |
|
5779
CALL
Q2 Holdings
QTWO
$4.04B
| $1.89M | ﹤0.01% |
26,200
-17,400
| -40% | -$1.19M |
|
5780
iShares World ex U.S. Carbon Transition Readiness Aware Active ETF
LCTD
$295M
| $1.89M | ﹤0.01% |
34,587
-7,410
| -18% | -$401K |
|
5781
PUT
ENI
E
$79.8B
| $1.89M | ﹤0.01% |
49,800
+32,900
| +195% | +$1.21M |
|
5782
James Hardie Industries
JHX
$18B
| $1.89M | ﹤0.01% |
91,054
+55,666
| +157% | +$1.12M |
|
5783
Innovator Premium Income 30 Barrier ETF April
APRJ
$32.4M
| $1.89M | ﹤0.01% |
76,642
+23,313
| +44% | +$578K |
|
5784
American Superconductor
AMSC
$1.55B
| $1.89M | ﹤0.01% |
65,625
-61,546
| -48% | -$2.66M |
|
5785
PUT
East-West Bancorp
EWBC
$18.7B
| $1.89M | ﹤0.01% |
16,800
-1,700
| -9% | -$180K |
|
5786
Qualys
QLYS
$6.44B
| $1.89M | ﹤0.01% |
14,192
+5,352
| +61% | +$736K |
|
5787
Relay Therapeutics
RLAY
$4.35B
| $1.89M | ﹤0.01% |
222,929
+86,040
| +63% | +$614K |
|
5788
iShares Large Cap Deep Quarterly Laddered ETF
IVVB
$133M
| $1.88M | ﹤0.01% |
56,964
+1,160
| +2% | +$38.4K |
|
5789
Capital Group Dividend Growers ETF
CGDG
$5.61B
| $1.88M | ﹤0.01% |
+52,830
| New | +$1.86M |
|
5790
Atkore
ATKR
$3.17B
| $1.88M | ﹤0.01% |
29,749
-5,446
| -15% | -$355K |
|
5791
CALL
Coursera
COUR
$1.53B
| $1.88M | ﹤0.01% |
255,600
-293,000
| -53% | -$2.55M |
|
5792
Vanguard Health Care ETF
VHT
$18.9B
| $1.88M | ﹤0.01% |
6,535
-11,555
| -64% | -$3.23M |
|
|
AQLT
5793
iShares MSCI Global Quality Factor ETF
AQLT
$310M
| $1.88M | ﹤0.01% |
66,863
-4,080
| -6% | -$113K |
|
5794
PUT
Repay Holdings
RPAY
$329M
| $1.88M | ﹤0.01% |
514,800
+95,300
| +23% | +$382K |
|
5795
Organon & Co
OGN
$3.6B
| $1.88M | ﹤0.01% |
262,066
+148,670
| +131% | +$1.17M |
|
|
BELFB
5796
Bel Fuse Inc Class B
BELFB
$4.19B
| $1.88M | ﹤0.01% |
11,071
-23,748
| -68% | -$3.71M |
|
5797
Innovator US Equity Accelerated 9 Buffer ETF July
XBJL
$75.7M
| $1.88M | ﹤0.01% |
49,060
+35,174
| +253% | +$1.33M |
|
5798
CALL
AnaptysBio
ANAB
$1.73B
| $1.88M | ﹤0.01% |
38,700
+18,500
| +92% | +$721K |
|
5799
CALL
TC Energy
TRP
$66.7B
| $1.88M | ﹤0.01% |
34,100
-82,300
| -71% | -$4.39M |
|
|
CIM
5800
CALL
Chimera Investment
CIM
$988M
| $1.87M | ﹤0.01% |
150,700
-97,400
| -39% | -$1.24M |
|
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.