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 | |
|---|---|---|---|---|---|---|
|
JBIO
6876
PUT
Jade Biosciences
JBIO
$1.57B
| $1.15M | ﹤0.01% |
74,400
+17,100
| +30% | +$201K |
|
6877
PUT
Merchants Bancorp
MBIN
$2.52B
| $1.15M | ﹤0.01% |
33,700
-5,800
| -15% | -$190K |
|
6878
iShares MSCI South Africa ETF
EZA
$560M
| $1.15M | ﹤0.01% |
+16,669
| New | +$1.1M |
|
|
JPXN
6879
iShares JPX-Nikkei 400 ETF
JPXN
$142M
| $1.15M | ﹤0.01% |
13,257
+441
| +3% | +$38.4K |
|
6880
PUT
Vanguard Energy ETF
VDE
$10.6B
| $1.15M | ﹤0.01% |
9,100
-16,600
| -65% | -$2.09M |
|
6881
Invesco New York AMT-Free Municipal Bond ETF
PZT
$139M
| $1.15M | ﹤0.01% |
51,345
+29,812
| +138% | +$668K |
|
6882
CALL
ANI Pharmaceuticals
ANIP
$1.76B
| $1.14M | ﹤0.01% |
14,500
-3,700
| -20% | -$320K |
|
6883
IPG Photonics
IPGP
$3.65B
| $1.14M | ﹤0.01% |
15,985
-9,874
| -38% | -$806K |
|
6884
PUT
iShares MSCI Australia ETF
EWA
$1.45B
| $1.14M | ﹤0.01% |
43,700
+34,500
| +375% | +$913K |
|
|
INV
6885
PUT
Innventure Inc
INV
$136M
| $1.14M | ﹤0.01% |
+273,700
| New | +$1.15M |
|
6886
AllianzIM U.S. Equity Buffer20 Sep ETF
SEPW
$101M
| $1.14M | ﹤0.01% |
35,843
+21,003
| +142% | +$663K |
|
6887
CALL
LSB Industries
LXU
$737M
| $1.14M | ﹤0.01% |
134,400
+11,200
| +9% | +$98.8K |
|
|
SPYU
6888
MAX S&P 500 4x Leveraged ETN
SPYU
$297M
| $1.14M | ﹤0.01% |
41,658
+2,700
| +7% | +$74.1K |
|
6889
JPMorgan Small & Mid Cap Enhanced Equity ETF
JMEE
$2.98B
| $1.14M | ﹤0.01% |
17,731
-13,384
| -43% | -$857K |
|
6890
F&G Annuities & Life
FG
$3.59B
| $1.14M | ﹤0.01% |
36,970
+9,585
| +35% | +$300K |
|
6891
PIMCO Corporate & Income Opportunity Fund
PTY
$2.49B
| $1.14M | ﹤0.01% |
+88,316
| New | +$1.19M |
|
6892
Tenaris
TS
$27B
| $1.14M | ﹤0.01% |
29,586
+8,120
| +38% | +$313K |
|
6893
CALL
GrafTech
EAF
$199M
| $1.14M | ﹤0.01% |
73,200
+16,700
| +30% | +$254K |
|
6894
PUT
CVR Energy
CVI
$3.54B
| $1.13M | ﹤0.01% |
44,600
+2,000
| +5% | +$68.1K |
|
6895
Vanguard S&P Small-Cap 600 Growth ETF
VIOG
$1.14B
| $1.13M | ﹤0.01% |
9,355
+1,152
| +14% | +$140K |
|
|
BTQ
6896
CALL
BTQ Technologies Corp
BTQ
$597M
| $1.13M | ﹤0.01% |
+221,600
| New | +$1.68M |
|
|
ZAP
6897
Global X U.S. Electrification ETF
ZAP
$476M
| $1.13M | ﹤0.01% |
39,037
-6,087
| -13% | -$183K |
|
6898
CALL
Badger Meter
BMI
$3.79B
| $1.13M | ﹤0.01% |
6,500
-154,700
| -96% | -$27.9M |
|
6899
AllianzIM U.S. Equity Buffer20 Feb ETF
FEBW
$200M
| $1.13M | ﹤0.01% |
33,378
+22,439
| +205% | +$751K |
|
6900
CALL
iShares US Oil & Gas Exploration & Production ETF
IEO
$595M
| $1.13M | ﹤0.01% |
12,700
-3,100
| -20% | -$282K |
|
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.