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 | |
|---|---|---|---|---|---|---|
5951
PUT
SEALSQ Corp
LAES
$671M
| $1.72M | ﹤0.01% |
455,900
+212,500
| +87% | +$1.08M |
|
5952
Virtu Financial
VIRT
$5.3B
| $1.72M | ﹤0.01% |
51,687
-38,218
| -43% | -$1.31M |
|
5953
CALL
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.47B
| $1.72M | ﹤0.01% |
18,500
+3,500
| +23% | +$327K |
|
5954
First Trust Consumer Staples AlphaDEX Fund
FXG
$233M
| $1.72M | ﹤0.01% |
28,346
+4,750
| +20% | +$294K |
|
5955
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.72B
| $1.72M | ﹤0.01% |
+39,426
| New | +$1.71M |
|
5956
Kinsale Capital Group
KNSL
$8.64B
| $1.72M | ﹤0.01% |
4,391
-11,630
| -73% | -$4.74M |
|
5957
CALL
SM Energy
SM
$8.03B
| $1.72M | ﹤0.01% |
91,800
-203,600
| -69% | -$4.12M |
|
5958
Arrow Electronics
ARW
$10.9B
| $1.72M | ﹤0.01% |
15,578
+4,269
| +38% | +$485K |
|
5959
PUT
Rush Street Interactive
RSI
$2.96B
| $1.72M | ﹤0.01% |
88,300
+65,400
| +286% | +$1.21M |
|
5960
CALL
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.29B
| $1.72M | ﹤0.01% |
26,700
-88,000
| -77% | -$5.96M |
|
5961
United States 12 Month Oil Fund,
USL
$45.7M
| $1.72M | ﹤0.01% |
51,482
-13,263
| -20% | -$453K |
|
5962
CALL
Greif
GEF
$4.97B
| $1.71M | ﹤0.01% |
25,300
+7,600
| +43% | +$476K |
|
5963
CALL
Omnicell
OMCL
$1.7B
| $1.71M | ﹤0.01% |
37,800
+10,100
| +36% | +$370K |
|
5964
CALL
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $1.71M | ﹤0.01% |
26,756
+11,308
| +73% | +$715K |
|
|
GLIBK
5965
PUT
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$1.07B
| $1.71M | ﹤0.01% |
+46,000
| New | +$1.61M |
|
5966
Geron
GERN
$943M
| $1.71M | ﹤0.01% |
1,296,163
+55,492
| +4% | +$69.6K |
|
5967
Pharvaris
PHVS
$2.46B
| $1.71M | ﹤0.01% |
+61,624
| New | +$1.48M |
|
|
UNIT
5968
PUT
Uniti Group
UNIT
$2.43B
| $1.71M | ﹤0.01% |
243,800
+104,700
| +75% | +$663K |
|
5969
Beyond Meat
BYND
$232M
| $1.71M | ﹤0.01% |
+69,420
| New | +$2.9M |
|
|
PENG
5970
PUT
Penguin Solutions Inc
PENG
$3.27B
| $1.71M | ﹤0.01% |
87,300
-35,800
| -29% | -$767K |
|
5971
CALL
Lear
LEA
$8.32B
| $1.71M | ﹤0.01% |
14,900
-33,400
| -69% | -$3.57M |
|
5972
CALL
Inspired Entertainment
INSE
$164M
| $1.71M | ﹤0.01% |
182,400
+159,600
| +700% | +$1.34M |
|
5973
Hafnia
HAFN
$3.87B
| $1.71M | ﹤0.01% |
320,237
+57,462
| +22% | +$343K |
|
5974
CALL
Gevo
GEVO
$418M
| $1.71M | ﹤0.01% |
853,100
+537,800
| +171% | +$1.18M |
|
|
FJET
5975
CALL
Starfighters Space Inc
FJET
$233M
| $1.7M | ﹤0.01% |
+146,200
| New | +$2.02M |
|
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.