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 | |
|---|---|---|---|---|---|---|
7551
CALL
Enlight Renewable Energy
ENLT
$11.9B
| $850K | ﹤0.01% |
+18,700
| New | +$699K |
|
7552
PUT
St. Joe Company
JOE
$3.89B
| $849K | ﹤0.01% |
+14,300
| New | +$801K |
|
7553
Scholastic
SCHL
$781M
| $848K | ﹤0.01% |
28,619
-24,013
| -46% | -$689K |
|
|
EMTL
7554
DELISTED
State Street DoubleLine Emerging Markets Fixed Income ETF
EMTL
| $847K | ﹤0.01% |
19,560
-1,588
| -8% | -$69K |
|
7555
Virtus Biotech Clinical Trials ETF
BBC
$50.2M
| $847K | ﹤0.01% |
21,962
-12,609
| -36% | -$428K |
|
7556
Xtrackers RREEF Global Natural Resources ETF
NRES
$35.8M
| $847K | ﹤0.01% |
28,937
+683
| +2% | +$19.2K |
|
7557
LivaNova
LIVN
$4.53B
| $847K | ﹤0.01% |
+13,760
| New | +$786K |
|
7558
PUT
GH Research
GHRS
$2.02B
| $846K | ﹤0.01% |
66,600
+52,300
| +366% | +$712K |
|
7559
PUT
United States Gasoline Fund
UGA
$138M
| $846K | ﹤0.01% |
13,700
-10,100
| -42% | -$651K |
|
7560
Revolve Group
RVLV
$1.68B
| $845K | ﹤0.01% |
28,004
-4,493
| -14% | -$109K |
|
7561
CALL
ICL Group
ICL
$7.16B
| $845K | ﹤0.01% |
147,900
+128,300
| +655% | +$743K |
|
7562
iRhythm Holdings
IRTC
$4.17B
| $844K | ﹤0.01% |
+4,759
| New | +$843K |
|
|
DSL
7563
DoubleLine Income Solutions Fund
DSL
$1.24B
| $843K | ﹤0.01% |
74,814
+54,602
| +270% | +$631K |
|
7564
PUT
Odyssey Marine Exploration
OMEX
$52.9M
| $842K | ﹤0.01% |
429,800
+293,900
| +216% | +$680K |
|
7565
PUT
Yelp
YELP
$1.34B
| $842K | ﹤0.01% |
27,700
-1,500
| -5% | -$46.3K |
|
7566
PUT
Capital Southwest
CSWC
$1.59B
| $842K | ﹤0.01% |
38,000
-25,200
| -40% | -$532K |
|
7567
CALL
QCR Holdings
QCRH
$1.74B
| $841K | ﹤0.01% |
10,100
+7,000
| +226% | +$551K |
|
7568
Fortress Biotech
FBIO
$97.7M
| $841K | ﹤0.01% |
229,777
-126,401
| -35% | -$360K |
|
7569
Aramark
ARMK
$16.4B
| $841K | ﹤0.01% |
22,806
+9,851
| +76% | +$376K |
|
7570
Ginkgo Bioworks
DNA
$457M
| $839K | ﹤0.01% |
100,996
-136,062
| -57% | -$1.47M |
|
7571
PUT
MACOM Technology Solutions
MTSI
$24.2B
| $839K | ﹤0.01% |
4,900
-1,000
| -17% | -$159K |
|
|
GGOV
7572
iShares Global Government Bond USD Hedged Active ETF
GGOV
$3B
| $839K | ﹤0.01% |
17,173
-1,705
| -9% | -$85.8K |
|
7573
Moelis & Co
MC
$5.07B
| $839K | ﹤0.01% |
12,201
+1,299
| +12% | +$86.7K |
|
7574
Miller Value Partners Appreciation ETF
MVPA
$73.3M
| $838K | ﹤0.01% |
25,256
+2,547
| +11% | +$85.3K |
|
7575
CALL
Rezolute
RZLT
$443M
| $838K | ﹤0.01% |
354,900
+78,800
| +29% | +$618K |
|
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.