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 | |
|---|---|---|---|---|---|---|
5851
CALL
Gaming and Leisure Properties
GLPI
$12.7B
| $1.81M | ﹤0.01% |
40,500
+11,100
| +38% | +$492K |
|
5852
CALL
Brink's
BCO
$4.71B
| $1.81M | ﹤0.01% |
15,500
+4,200
| +37% | +$480K |
|
5853
FlexShares Emerging Markets Quality Low Volatility Index Fund
QLVE
$16.8M
| $1.81M | ﹤0.01% |
61,538
-649
| -1% | -$19.1K |
|
5854
Xtrackers FTSE Developed ex US Multifactor ETF
DEEF
$56.7M
| $1.81M | ﹤0.01% |
50,284
+2,348
| +5% | +$82.2K |
|
5855
CALL
Healthcare Realty
HR
$6.6B
| $1.81M | ﹤0.01% |
106,600
+93,400
| +708% | +$1.66M |
|
5856
PUT
FIGS
FIGS
$2.44B
| $1.81M | ﹤0.01% |
159,000
+129,700
| +443% | +$1.22M |
|
5857
PUT
Upwork
UPWK
$1.06B
| $1.81M | ﹤0.01% |
91,100
-49,400
| -35% | -$906K |
|
5858
CALL
Clean Harbors
CLH
$17B
| $1.81M | ﹤0.01% |
7,700
-15,600
| -67% | -$3.56M |
|
5859
CALL
AAR Corp
AIR
$5.85B
| $1.8M | ﹤0.01% |
21,800
-69,400
| -76% | -$5.74M |
|
5860
iShares S&P 500 Growth ETF
IVW
$77.6B
| $1.8M | ﹤0.01% |
14,633
-78,844
| -84% | -$9.65M |
|
|
SQNS
5861
PUT
Sequans Communications SA
SQNS
$45.3M
| $1.8M | ﹤0.01% |
401,500
-607,200
| -60% | -$4.07M |
|
5862
Invesco Russell 1000 Dynamic Multifactor ETF
OMFL
$4.88B
| $1.8M | ﹤0.01% |
29,482
-606
| -2% | -$36.6K |
|
5863
PUT
Columbia Sportswear
COLM
$2.94B
| $1.8M | ﹤0.01% |
32,700
-3,300
| -9% | -$176K |
|
5864
PUT
Iovance Biotherapeutics
IOVA
$3.16B
| $1.8M | ﹤0.01% |
659,400
-260,800
| -28% | -$603K |
|
5865
CALL
Brookdale Senior Living
BKD
$3.02B
| $1.8M | ﹤0.01% |
166,800
-27,900
| -14% | -$274K |
|
5866
Innovator US Equity Ultra Buffer ETF March
UMAR
$196M
| $1.8M | ﹤0.01% |
45,030
-2,895
| -6% | -$114K |
|
5867
RPAR Risk Parity ETF
RPAR
$582M
| $1.8M | ﹤0.01% |
83,862
-6,196
| -7% | -$133K |
|
5868
ProShares Investment Grade-Interest Rate Hedged
IGHG
$329M
| $1.8M | ﹤0.01% |
22,928
+8,981
| +64% | +$705K |
|
5869
RenaissanceRe
RNR
$13.4B
| $1.8M | ﹤0.01% |
6,394
-4,526
| -41% | -$1.19M |
|
5870
Invesco S&P SmallCap Momentum ETF
XSMO
$3.14B
| $1.8M | ﹤0.01% |
24,960
+15,398
| +161% | +$1.12M |
|
5871
First Trust Alerian US NextGen Infrastructure ETF
RBLD
$58.6M
| $1.8M | ﹤0.01% |
24,064
+20,093
| +506% | +$1.52M |
|
5872
Duos Technologies
DUOT
$286M
| $1.8M | ﹤0.01% |
159,598
+127,733
| +401% | +$1.2M |
|
5873
Regency Centers
REG
$14B
| $1.79M | ﹤0.01% |
25,996
+6,545
| +34% | +$459K |
|
5874
CALL
Unifirst Corp
UNF
$5.19B
| $1.79M | ﹤0.01% |
9,300
+5,200
| +127% | +$878K |
|
5875
Ralph Lauren
RL
$23.2B
| $1.79M | ﹤0.01% |
5,069
-27,702
| -85% | -$9.44M |
|
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.