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 | |
|---|---|---|---|---|---|---|
7451
Louisiana-Pacific
LPX
$5.17B
| $890K | ﹤0.01% |
11,015
+2,663
| +32% | +$225K |
|
|
MFA
7452
CALL
MFA Financial
MFA
$926M
| $889K | ﹤0.01% |
95,500
-14,300
| -13% | -$133K |
|
7453
CarGurus
CARG
$3.33B
| $889K | ﹤0.01% |
23,169
+2,671
| +13% | +$96.3K |
|
|
ABTC
7454
PUT
American Bitcoin Corp
ABTC
$529M
| $888K | ﹤0.01% |
34,820
+16,153
| +87% | +$1.01M |
|
|
PPLI
7455
CALL
People Inc
PPLI
$3.01B
| $888K | ﹤0.01% |
22,700
-90,800
| -80% | -$3.18M |
|
|
MOMO
7456
PUT
Hello Group
MOMO
$850M
| $887K | ﹤0.01% |
135,400
-246,500
| -65% | -$1.7M |
|
|
KCAI
7457
KraneShares China Alpha Index ETF
KCAI
$3.25M
| $887K | ﹤0.01% |
29,091
+7,615
| +35% | +$290K |
|
7458
Goldgroup Mining
GORO
$207M
| $886K | ﹤0.01% |
1,070,251
+820,123
| +328% | +$654K |
|
7459
Southwest Gas
SWX
$6.71B
| $885K | ﹤0.01% |
11,060
-1,193
| -10% | -$95.6K |
|
7460
LeaderShares Dynamic Yield ETF
DYLD
$40.2M
| $885K | ﹤0.01% |
39,125
+2,112
| +6% | +$47.9K |
|
7461
A10 Networks
ATEN
$1.99B
| $885K | ﹤0.01% |
50,013
-16,301
| -25% | -$289K |
|
|
RMIF
7462
DELISTED
LHA Risk-Managed Income ETF
RMIF
| $885K | ﹤0.01% |
35,686
+14,871
| +71% | +$371K |
|
7463
FT Vest US Equity Deep Buffer ETF August
DAUG
$374M
| $884K | ﹤0.01% |
19,939
-4,111
| -17% | -$180K |
|
7464
CALL
Global X US Infrastructure Development ETF
PAVE
$14.4B
| $884K | ﹤0.01% |
18,500
-4,100
| -18% | -$197K |
|
7465
CALL
NatWest
NWG
$75.9B
| $884K | ﹤0.01% |
50,500
-62,300
| -55% | -$988K |
|
|
STEX
7466
Streamex Corp
STEX
$108M
| $883K | ﹤0.01% |
291,537
+163,068
| +127% | +$729K |
|
7467
Franklin US Treasury Bond ETF
FLGV
$1.03B
| $883K | ﹤0.01% |
+43,030
| New | +$889K |
|
7468
First Trust Indxx Aerospace & Defense ETF
MISL
$809M
| $883K | ﹤0.01% |
20,633
+1,017
| +5% | +$42.7K |
|
7469
PUT
ArcBest
ARCB
$3.19B
| $883K | ﹤0.01% |
11,900
+800
| +7% | +$56.9K |
|
7470
PUT
GATX Corp
GATX
$6.38B
| $882K | ﹤0.01% |
5,200
+2,300
| +79% | +$379K |
|
7471
CALL
Innoviz Technologies
INVZ
$107M
| $882K | ﹤0.01% |
1,037,500
-695,100
| -40% | -$1.1M |
|
7472
PUT
James Hardie Industries
JHX
$18B
| $882K | ﹤0.01% |
42,500
-20,600
| -33% | -$413K |
|
7473
MDxHealth
MDXH
$41.5M
| $882K | ﹤0.01% |
246,998
+190,212
| +335% | +$751K |
|
7474
SITE Centers
SITC
$155M
| $881K | ﹤0.01% |
+137,280
| New | +$1.04M |
|
7475
CALL
Hayward Holdings
HAYW
$3.22B
| $881K | ﹤0.01% |
57,000
-34,900
| -38% | -$552K |
|
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.