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 | |
|---|---|---|---|---|---|---|
6151
CALL
Huazhu Hotels Group
HTHT
$12.9B
| $1.56M | ﹤0.01% |
+33,200
| New | +$1.43M |
|
|
SEE
6152
PUT
DELISTED
Sealed Air
SEE
| $1.56M | ﹤0.01% |
37,700
-119,400
| -76% | -$4.62M |
|
6153
PUT
NextDecade
NEXT
$1.91B
| $1.56M | ﹤0.01% |
296,200
-301,800
| -50% | -$1.8M |
|
6154
CALL
LivePerson
LPSN
$35.2M
| $1.56M | ﹤0.01% |
403,100
+375,233
| +1,347% | +$2.09M |
|
6155
Crinetics Pharmaceuticals
CRNX
$8.99B
| $1.56M | ﹤0.01% |
33,511
-223,994
| -87% | -$9.97M |
|
6156
CALL
Direxion Daily CSI 300 China A Share Bull 2X ETF
CHAU
$95.3M
| $1.56M | ﹤0.01% |
74,200
-178,100
| -71% | -$3.63M |
|
6157
AllianzIM U.S. Equity Buffer20 Jun ETF
JUNW
$375M
| $1.56M | ﹤0.01% |
46,706
+9,071
| +24% | +$300K |
|
6158
Blue Bird Corp
BLBD
$2.05B
| $1.56M | ﹤0.01% |
33,163
-5,738
| -15% | -$300K |
|
6159
CALL
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$399M
| $1.56M | ﹤0.01% |
19,000
-4,600
| -19% | -$364K |
|
6160
Fidelity Low Volatility Factor ETF
FDLO
$1.45B
| $1.56M | ﹤0.01% |
+23,330
| New | +$1.55M |
|
6161
PUT
Cooper-Standard Automotive
CPS
$506M
| $1.56M | ﹤0.01% |
47,400
+15,700
| +50% | +$511K |
|
6162
Avantor
AVTR
$9.24B
| $1.55M | ﹤0.01% |
135,568
+122,286
| +921% | +$1.51M |
|
6163
Invesco S&P 500 Equal Weight Energy ETF
RSPG
$606M
| $1.55M | ﹤0.01% |
19,518
+15,062
| +338% | +$1.2M |
|
6164
CALL
ARK Space & Defense Innovation ETF
ARKX
$865M
| $1.55M | ﹤0.01% |
53,600
-55,300
| -51% | -$1.62M |
|
6165
Ocugen
OCGN
$458M
| $1.55M | ﹤0.01% |
1,150,460
+271,658
| +31% | +$387K |
|
6166
Cathay General Bancorp
CATY
$4.33B
| $1.55M | ﹤0.01% |
32,088
-17,592
| -35% | -$846K |
|
6167
Innovator US Equity Buffer ETF June
BJUN
$323M
| $1.55M | ﹤0.01% |
33,207
+14,403
| +77% | +$664K |
|
6168
PUT
Patterson-UTI
PTEN
$4.34B
| $1.55M | ﹤0.01% |
253,700
-1,064,700
| -81% | -$6.36M |
|
|
VGUS
6169
Vanguard Ultra-Short Treasury ETF
VGUS
$1.03B
| $1.55M | ﹤0.01% |
+20,522
| New | +$1.55M |
|
6170
Mitsubishi UFJ Financial
MUFG
$260B
| $1.55M | ﹤0.01% |
97,578
+50,960
| +109% | +$788K |
|
6171
First Trust Indxx Innovative Transaction & Process ETF
LEGR
$134M
| $1.55M | ﹤0.01% |
25,995
-329
| -1% | -$19K |
|
|
6172
CALL
Blue Bird Corp
BLBD
$2.05B
| $1.55M | ﹤0.01% |
32,900
-10,300
| -24% | -$539K |
|
6173
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG
$3.48B
| $1.55M | ﹤0.01% |
31,460
-26,956
| -46% | -$1.32M |
|
6174
Invivyd
IVVD
$212M
| $1.55M | ﹤0.01% |
625,783
+558,799
| +834% | +$1.16M |
|
6175
PUT
iShares S&P 100 ETF
OEF
$20.5B
| $1.54M | ﹤0.01% |
4,500
-18,900
| -81% | -$6.42M |
|
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.