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 | |
|---|---|---|---|---|---|---|
7401
Invesco Global Clean Energy ETF
PBD
$195M
| $908K | ﹤0.01% |
56,490
-20,542
| -27% | -$333K |
|
|
HTBK
7402
DELISTED
Heritage Commerce
HTBK
| $908K | ﹤0.01% |
75,621
+39,756
| +111% | +$432K |
|
7403
PUT
Invesco Mortgage Capital
IVR
$805M
| $907K | ﹤0.01% |
107,900
-7,100
| -6% | -$55.6K |
|
7404
JPMorgan High Yield Municipal ETF
JMHI
$293M
| $907K | ﹤0.01% |
18,042
+7,765
| +76% | +$392K |
|
|
OGG
7405
PUT
Osisko Gold Group
OGG
$872M
| $906K | ﹤0.01% |
259,700
+163,400
| +170% | +$561K |
|
7406
Sanofi
SNY
$105B
| $905K | ﹤0.01% |
18,685
-1,893
| -9% | -$93.8K |
|
|
MZTI
7407
CALL
The Marzetti Company
MZTI
$3.18B
| $904K | ﹤0.01% |
5,500
-300
| -5% | -$50.1K |
|
|
LOMA
7408
CALL
Loma Negra
LOMA
$1.1B
| $904K | ﹤0.01% |
69,800
+9,900
| +17% | +$106K |
|
7409
CALL
Arrow Electronics
ARW
$10.9B
| $903K | ﹤0.01% |
8,200
+4,000
| +95% | +$454K |
|
7410
PUT
Invivyd
IVVD
$212M
| $903K | ﹤0.01% |
365,500
+298,700
| +447% | +$621K |
|
7411
Insight Enterprises
NSIT
$4.53B
| $902K | ﹤0.01% |
11,076
+776
| +8% | +$72.8K |
|
7412
Invesco S&P Emerging Markets Low Volatility ETF
EELV
$423M
| $902K | ﹤0.01% |
+32,885
| New | +$888K |
|
7413
Virtus Private Credit Strategy ETF
VPC
$31.7M
| $902K | ﹤0.01% |
50,662
+6,162
| +14% | +$114K |
|
7414
Vishay Precision Group
VPG
$969M
| $902K | ﹤0.01% |
23,421
-42,099
| -64% | -$1.49M |
|
7415
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$12.1B
| $902K | ﹤0.01% |
38,093
+8,093
| +27% | +$192K |
|
7416
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$758M
| $901K | ﹤0.01% |
15,615
-7,774
| -33% | -$441K |
|
|
DAAQ
7417
Digital Asset Acquisition Corp
DAAQ
$240M
| $899K | ﹤0.01% |
88,171
+4,519
| +5% | +$46.3K |
|
7418
Invesco S&P SmallCap Low Volatility ETF
XSLV
$250M
| $899K | ﹤0.01% |
19,384
+9,860
| +104% | +$455K |
|
7419
CALL
Flowers Foods
FLO
$1.59B
| $899K | ﹤0.01% |
82,600
+72,200
| +694% | +$838K |
|
7420
LendingTree
TREE
$458M
| $898K | ﹤0.01% |
16,924
-12,972
| -43% | -$727K |
|
7421
CALL
Cadre Holdings
CDRE
$1.46B
| $898K | ﹤0.01% |
22,000
+9,800
| +80% | +$407K |
|
|
THRO
7422
iShares U.S. Thematic Rotation Active ETF
THRO
$6.77B
| $898K | ﹤0.01% |
23,288
-17,775
| -43% | -$680K |
|
|
TBCH
7423
PUT
Turtle Beach Corp
TBCH
$228M
| $898K | ﹤0.01% |
64,000
-234,700
| -79% | -$3.49M |
|
|
SGMO
7424
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $898K | ﹤0.01% |
2,137,120
-283,246
| -12% | -$150K |
|
7425
PUT
Portland General Electric
POR
$5.97B
| $897K | ﹤0.01% |
18,700
-22,900
| -55% | -$1.08M |
|
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.