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 | |
|---|---|---|---|---|---|---|
7126
PUT
CPI Aerostructures
CVU
$77.6M
| $1.03M | ﹤0.01% |
260,000
+224,900
| +641% | +$615K |
|
7127
CALL
Revolve Group
RVLV
$1.68B
| $1.03M | ﹤0.01% |
34,100
-1,300
| -4% | -$31.4K |
|
7128
CALL
Ceco Environmental
CECO
$4.66B
| $1.03M | ﹤0.01% |
17,200
+5,800
| +51% | +$310K |
|
7129
Innovator US Equity Power Buffer ETF April
PAPR
$961M
| $1.03M | ﹤0.01% |
26,311
+20,723
| +371% | +$801K |
|
7130
Protagonist Therapeutics
PTGX
$10B
| $1.03M | ﹤0.01% |
11,762
-51,426
| -81% | -$4.21M |
|
7131
Kodiak Sciences
KOD
$2.6B
| $1.03M | ﹤0.01% |
36,722
-134,682
| -79% | -$2.76M |
|
7132
CALL
Sumitomo Mitsui Financial
SMFG
$167B
| $1.03M | ﹤0.01% |
53,100
+100
| +0.2% | +$1.73K |
|
7133
Global X Internet of Things ETF
SNSR
$223M
| $1.03M | ﹤0.01% |
27,751
-1,314
| -5% | -$49.7K |
|
7134
Main Sector Rotation ETF
SECT
$2.91B
| $1.03M | ﹤0.01% |
15,892
-48,714
| -75% | -$3.11M |
|
7135
Global X Hydrogen ETF
HYDR
$103M
| $1.03M | ﹤0.01% |
32,255
+24,783
| +332% | +$968K |
|
|
AIV
7136
CALL
Aimco
AIV
$383M
| $1.02M | ﹤0.01% |
172,500
-7,000
| -4% | -$41.9K |
|
7137
PUT
Melco Resorts & Entertainment
MLCO
$2.17B
| $1.02M | ﹤0.01% |
135,300
-125,700
| -48% | -$1.06M |
|
7138
CALL
Dole
DOLE
$1.26B
| $1.02M | ﹤0.01% |
68,300
+21,200
| +45% | +$295K |
|
7139
ONE Gas
OGS
$5.09B
| $1.02M | ﹤0.01% |
13,251
-2,331
| -15% | -$187K |
|
|
BCAX
7140
PUT
Bicara Therapeutics
BCAX
$1.61B
| $1.02M | ﹤0.01% |
60,800
+47,800
| +368% | +$816K |
|
7141
Sonoco
SON
$5.76B
| $1.02M | ﹤0.01% |
23,442
+7,116
| +44% | +$295K |
|
7142
Ligand Pharmaceuticals
LGND
$5.87B
| $1.02M | ﹤0.01% |
5,409
-3,398
| -39% | -$653K |
|
7143
Triple Flag Precious Metals
TFPM
$6.48B
| $1.02M | ﹤0.01% |
30,773
+20,579
| +202% | +$644K |
|
7144
CALL
Seres Therapeutics
MCRB
$45.6M
| $1.02M | ﹤0.01% |
68,700
-247,600
| -78% | -$4.32M |
|
7145
Ivanhoe Electric
IE
$1.66B
| $1.02M | ﹤0.01% |
+63,965
| New | +$915K |
|
7146
Banner Corp
BANR
$2.52B
| $1.02M | ﹤0.01% |
16,309
-6,672
| -29% | -$421K |
|
7147
Triumph Financial Inc
TFIN
$1.87B
| $1.02M | ﹤0.01% |
16,316
-5,161
| -24% | -$289K |
|
|
NKLR
7148
CALL
Terra Innovatum Global N.V.
NKLR
$673M
| $1.02M | ﹤0.01% |
+221,100
| New | +$1.55M |
|
7149
PUT
Morningstar
MORN
$7.78B
| $1.02M | ﹤0.01% |
4,700
-600
| -11% | -$130K |
|
|
NVDB
7150
ProShares Ultra NVDA
NVDB
$10.3M
| $1.02M | ﹤0.01% |
36,208
+7,054
| +24% | +$205K |
|
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.