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 | |
|---|---|---|---|---|---|---|
6951
CALL
Direxion NASDAQ-100 Equal Weighted Index ETF
QQQE
$1.45B
| $1.1M | ﹤0.01% |
10,800
-1,300
| -11% | -$133K |
|
6952
CALL
iShares MSCI Global Gold Miners ETF
RING
$2.46B
| $1.1M | ﹤0.01% |
15,000
-2,500
| -14% | -$169K |
|
6953
CALL
Icahn Enterprises
IEP
$5.27B
| $1.1M | ﹤0.01% |
146,300
-73,500
| -33% | -$593K |
|
|
EU
6954
CALL
enCore Energy
EU
$235M
| $1.1M | ﹤0.01% |
445,300
+417,000
| +1,473% | +$1.19M |
|
6955
Invesco California AMT-Free Municipal Bond ETF
PWZ
$1.17B
| $1.1M | ﹤0.01% |
45,677
+19,371
| +74% | +$469K |
|
6956
PUT
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $1.1M | ﹤0.01% |
21,200
+6,800
| +47% | +$351K |
|
6957
Archrock
AROC
$6.08B
| $1.1M | ﹤0.01% |
42,376
+25,484
| +151% | +$634K |
|
6958
CALL
Avalo Therapeutics
AVTX
$1.05B
| $1.1M | ﹤0.01% |
60,700
+10,000
| +20% | +$169K |
|
6959
PUT
abrdn Physical Gold Shares ETF
SGOL
$7.31B
| $1.1M | ﹤0.01% |
26,800
+19,000
| +244% | +$752K |
|
6960
Gerdau
GGB
$9.3B
| $1.1M | ﹤0.01% |
298,309
-469,923
| -61% | -$1.64M |
|
6961
PUT
Global E Online
GLBE
$7.12B
| $1.1M | ﹤0.01% |
28,000
-11,900
| -30% | -$441K |
|
|
PMT
6962
CALL
PennyMac Mortgage Investment
PMT
$824M
| $1.1M | ﹤0.01% |
87,700
+27,900
| +47% | +$348K |
|
6963
PUT
ARK 21Shares Bitcoin ETF
ARKB
$2.4B
| $1.1M | ﹤0.01% |
37,900
-77,500
| -67% | -$2.58M |
|
6964
PUT
iShares Core MSCI EAFE ETF
IEFA
$196B
| $1.1M | ﹤0.01% |
12,300
-700
| -5% | -$61.9K |
|
6965
Constellium
CSTM
$4.01B
| $1.1M | ﹤0.01% |
58,359
-121,175
| -67% | -$2.01M |
|
6966
Aecom
ACM
$8.12B
| $1.1M | ﹤0.01% |
11,538
+7,788
| +208% | +$916K |
|
6967
CALL
Vanguard Long-Term Bond ETF
BLV
$5.7B
| $1.1M | ﹤0.01% |
15,800
-41,300
| -72% | -$2.92M |
|
6968
PUT
Ardelyx
ARDX
$1.05B
| $1.1M | ﹤0.01% |
188,400
-54,000
| -22% | -$301K |
|
6969
PUT
iShares Russell 2000 Growth ETF
IWO
$15.2B
| $1.1M | ﹤0.01% |
3,400
-2,400
| -41% | -$781K |
|
6970
CALL
Ryman Hospitality Properties
RHP
$7.92B
| $1.1M | ﹤0.01% |
11,600
+200
| +2% | +$18.5K |
|
6971
PUT
Kimco Realty
KIM
$16.4B
| $1.1M | ﹤0.01% |
+54,100
| New | +$1.12M |
|
|
CSW
6972
CSW Industrials
CSW
$5.62B
| $1.1M | ﹤0.01% |
3,734
+1,696
| +83% | +$452K |
|
6973
CALL
iShares US Financials ETF
IYF
$4.43B
| $1.1M | ﹤0.01% |
8,500
-4,400
| -34% | -$551K |
|
6974
John Wiley & Sons Class A
WLY
$2.61B
| $1.1M | ﹤0.01% |
+35,773
| New | +$1.26M |
|
6975
Community Bank
CBU
$3.46B
| $1.09M | ﹤0.01% |
19,014
-11,771
| -38% | -$677K |
|
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.