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 | |
|---|---|---|---|---|---|---|
6201
Avnet
AVT
$7.86B
| $1.52M | ﹤0.01% |
31,674
+8,207
| +35% | +$403K |
|
6202
Stewart Information Services
STC
$2.08B
| $1.52M | ﹤0.01% |
21,674
-22,489
| -51% | -$1.62M |
|
6203
PUT
Ingredion
INGR
$6.63B
| $1.52M | ﹤0.01% |
13,800
-9,800
| -42% | -$1.11M |
|
6204
iShares Investment Grade Systematic Bond ETF
IGEB
$1.51B
| $1.52M | ﹤0.01% |
33,316
+19,827
| +147% | +$910K |
|
|
TWOX
6205
iShares Large Cap Accelerated Outcome ETF
TWOX
$22.9M
| $1.52M | ﹤0.01% |
54,024
-3,351
| -6% | -$92.2K |
|
6206
Crescent Energy
CRGY
$4.03B
| $1.52M | ﹤0.01% |
181,206
+36,240
| +25% | +$318K |
|
6207
Wahed Dow Jones Islamic World ETF
UMMA
$294M
| $1.52M | ﹤0.01% |
51,347
-1,585
| -3% | -$45.5K |
|
|
LB
6208
LandBridge Co
LB
$2.24B
| $1.52M | ﹤0.01% |
31,029
-14,600
| -32% | -$849K |
|
6209
iShares Global Materials ETF
MXI
$356M
| $1.52M | ﹤0.01% |
15,729
+507
| +3% | +$47.1K |
|
6210
CALL
Waters Corp
WAT
$40.5B
| $1.52M | ﹤0.01% |
4,000
-20,400
| -84% | -$7.51M |
|
6211
CALL
Pacira BioSciences
PCRX
$917M
| $1.52M | ﹤0.01% |
58,700
+3,400
| +6% | +$80.8K |
|
6212
PUT
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$30.5M
| $1.52M | ﹤0.01% |
28,400
-4,700
| -14% | -$264K |
|
6213
CALL
MannKind Corp
MNKD
$1.24B
| $1.52M | ﹤0.01% |
267,900
-839,600
| -76% | -$4.62M |
|
6214
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
BBBS
$180M
| $1.52M | ﹤0.01% |
+29,489
| New | +$1.52M |
|
|
DFDV
6215
PUT
DeFi Development Corp
DFDV
$95.2M
| $1.52M | ﹤0.01% |
300,600
-314,960
| -51% | -$2.89M |
|
6216
Goldman Sachs Future Tech Leaders Equity ETF
GTEK
$251M
| $1.52M | ﹤0.01% |
37,977
+17,325
| +84% | +$688K |
|
6217
GeneDx Holdings
WGS
$2.33B
| $1.52M | ﹤0.01% |
11,664
-112,874
| -91% | -$15.5M |
|
|
UPB
6218
Upstream Bio Inc
UPB
$387M
| $1.52M | ﹤0.01% |
+55,841
| New | +$1.39M |
|
6219
PUT
PBF Energy
PBF
$8.52B
| $1.52M | ﹤0.01% |
55,900
-66,500
| -54% | -$2.13M |
|
6220
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.12B
| $1.52M | ﹤0.01% |
40,617
-10,809
| -21% | -$438K |
|
6221
CALL
Renaissance IPO ETF
IPO
$165M
| $1.52M | ﹤0.01% |
33,200
+15,100
| +83% | +$715K |
|
6222
CALL
Stepan Co
SCL
$1.48B
| $1.52M | ﹤0.01% |
32,000
-7,800
| -20% | -$357K |
|
|
LFAW
6223
LifeX 2060 Longevity Income ETF
LFAW
$3.65M
| $1.51M | ﹤0.01% |
8,431
+282
| +3% | +$51.5K |
|
6224
CALL
Innovative Solutions & Support
ISSC
$412M
| $1.51M | ﹤0.01% |
79,900
+57,300
| +254% | +$653K |
|
|
TMHC
6225
CALL
DELISTED
Taylor Morrison
TMHC
| $1.51M | ﹤0.01% |
25,700
+19,200
| +295% | +$1.17M |
|
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.