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 | |
|---|---|---|---|---|---|---|
7876
PUT
Assured Guaranty
AGO
$3.38B
| $746K | ﹤0.01% |
8,300
-5,700
| -41% | -$492K |
|
7877
CALL
H&R Block
HRB
$6.83B
| $745K | ﹤0.01% |
17,100
-20,500
| -55% | -$958K |
|
7878
SunCoke Energy
SXC
$794M
| $745K | ﹤0.01% |
+103,494
| New | +$762K |
|
7879
CALL
Acadia Healthcare
ACHC
$2.87B
| $745K | ﹤0.01% |
52,500
-216,600
| -80% | -$4.1M |
|
7880
CALL
BJ's Restaurants
BJRI
$1.45B
| $745K | ﹤0.01% |
18,900
-21,200
| -53% | -$753K |
|
7881
Spire
SR
$4.9B
| $744K | ﹤0.01% |
9,000
-1,367
| -13% | -$117K |
|
|
BIGY
7882
YieldMax Target 12 Big 50 Option Income ETF
BIGY
$55.4M
| $744K | ﹤0.01% |
14,168
+881
| +7% | +$46.6K |
|
7883
Park National Corp
PRK
$3.75B
| $744K | ﹤0.01% |
4,888
-2,692
| -36% | -$424K |
|
7884
PUT
Grupo Aeroportuario del Sureste
ASR
$7.94B
| $744K | ﹤0.01% |
2,300
+1,400
| +156% | +$433K |
|
7885
CALL
Global X Cybersecurity ETF
BUG
$1.51B
| $743K | ﹤0.01% |
24,400
+3,400
| +16% | +$112K |
|
7886
Erasca
ERAS
$6.43B
| $743K | ﹤0.01% |
199,788
+92,546
| +86% | +$260K |
|
7887
CALL
Frequency Electronics
FEIM
$863M
| $743K | ﹤0.01% |
+13,800
| New | +$508K |
|
7888
Neuberger China Equity ETF
NBCE
$17.6M
| $742K | ﹤0.01% |
22,168
+9,529
| +75% | +$315K |
|
|
SMHX
7889
VanEck Fabless Semiconductor ETF
SMHX
$269M
| $742K | ﹤0.01% |
19,516
-10,707
| -35% | -$416K |
|
7890
STMicroelectronics
STM
$48.5B
| $742K | ﹤0.01% |
28,594
-314,810
| -92% | -$8.08M |
|
7891
PUT
Absci
ABSI
$1.58B
| $742K | ﹤0.01% |
212,500
-197,500
| -48% | -$720K |
|
7892
PUT
GoodRx Holdings
GDRX
$1.27B
| $741K | ﹤0.01% |
273,400
+180,600
| +195% | +$593K |
|
7893
Hyster-Yale Materials Handling
HY
$618M
| $741K | ﹤0.01% |
24,936
+14,164
| +131% | +$467K |
|
7894
First Commonwealth Financial
FCF
$2.18B
| $741K | ﹤0.01% |
43,925
-11,509
| -21% | -$189K |
|
7895
PUT
ManpowerGroup
MAN
$2.71B
| $740K | ﹤0.01% |
24,900
+19,000
| +322% | +$594K |
|
7896
BlackRock Science and Technology Term Trust
BSTZ
$2.16B
| $740K | ﹤0.01% |
+32,731
| New | +$730K |
|
7897
CALL
Broadstone Net Lease
BNL
$4.38B
| $740K | ﹤0.01% |
42,600
-3,900
| -8% | -$70.2K |
|
7898
Invesco S&P SmallCap High Dividend Low Volatility ETF
XSHD
$73.3M
| $740K | ﹤0.01% |
57,757
+36,572
| +173% | +$473K |
|
7899
GMO US Quality ETF
QLTY
$5.08B
| $740K | ﹤0.01% |
19,232
+13,098
| +214% | +$493K |
|
|
SHPD
7900
DELISTED
Direxion Daily SHOP Bear 1X ETF
SHPD
| $740K | ﹤0.01% |
41,706
+18,149
| +77% | +$331K |
|
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.