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 | |
|---|---|---|---|---|---|---|
8151
iShares Residential and Multisector Real Estate ETF
REZ
$863M
| $664K | ﹤0.01% |
8,039
-12,096
| -60% | -$1.01M |
|
8152
Direxion Daily Dow Jones Internet Bull 3X ETF
WEBL
$109M
| $664K | ﹤0.01% |
24,267
-205
| -0.8% | -$6.07K |
|
8153
PUT
CNA Financial
CNA
$13.8B
| $664K | ﹤0.01% |
+13,900
| New | +$641K |
|
|
ESPR
8154
PUT
DELISTED
Esperion Therapeutics
ESPR
| $663K | ﹤0.01% |
179,200
-106,300
| -37% | -$343K |
|
8155
CALL
Shutterstock
SSTK
$210M
| $663K | ﹤0.01% |
34,700
-32,900
| -49% | -$703K |
|
8156
SFL Corp
SFL
$1.64B
| $663K | ﹤0.01% |
84,860
-5,821
| -6% | -$44.7K |
|
|
DQ
8157
Daqo New Energy
DQ
$991M
| $663K | ﹤0.01% |
22,466
-58,833
| -72% | -$1.8M |
|
8158
PUT
Edgewise Therapeutics
EWTX
$4.8B
| $663K | ﹤0.01% |
26,700
-74,800
| -74% | -$1.5M |
|
8159
Goosehead Insurance
GSHD
$2.35B
| $662K | ﹤0.01% |
8,984
-63,309
| -88% | -$4.51M |
|
8160
PUT
Principal Financial Group
PFG
$24.4B
| $662K | ﹤0.01% |
7,500
-9,100
| -55% | -$768K |
|
8161
CALL
Colliers International
CIGI
$5.39B
| $662K | ﹤0.01% |
4,500
+2,400
| +114% | +$361K |
|
8162
Innovator US Small Cap Power Buffer ETF October
KOCT
$131M
| $661K | ﹤0.01% |
+19,641
| New | +$655K |
|
8163
Starwood Property Trust
STWD
$6.03B
| $661K | ﹤0.01% |
36,704
-376
| -1% | -$6.92K |
|
8164
Franklin FTSE Australia ETF
FLAU
$180M
| $661K | ﹤0.01% |
21,026
-3,942
| -16% | -$125K |
|
8165
PUT
Driven Brands
DRVN
$2.13B
| $661K | ﹤0.01% |
44,600
+2,700
| +6% | +$40.2K |
|
|
RENT
8166
Rent the Runway
RENT
$119M
| $661K | ﹤0.01% |
+83,558
| New | +$451K |
|
|
CTO
8167
PUT
CTO Realty Growth
CTO
$825M
| $661K | ﹤0.01% |
35,900
-12,700
| -26% | -$217K |
|
8168
CALL
Direxion Daily Real Estate Bear 3X ETF
DRV
$25.3M
| $660K | ﹤0.01% |
24,900
+1,500
| +6% | +$38.3K |
|
|
NMAX
8169
PUT
Newsmax Inc
NMAX
$1.4B
| $660K | ﹤0.01% |
85,400
-170,600
| -67% | -$1.64M |
|
8170
CALL
Vaxcyte
PCVX
$8.64B
| $660K | ﹤0.01% |
14,300
-44,400
| -76% | -$1.99M |
|
8171
PUT
Kura Oncology
KURA
$966M
| $660K | ﹤0.01% |
63,500
-100,800
| -61% | -$1.06M |
|
8172
Strategic Trust Running Oak Efficient Growth ETF
RUNN
$411M
| $660K | ﹤0.01% |
+19,784
| New | +$664K |
|
8173
T. Rowe Price Capital Appreciation Equity ETF
TCAF
$8.32B
| $659K | ﹤0.01% |
17,254
-60,626
| -78% | -$2.32M |
|
8174
PUT
Erie Indemnity
ERIE
$13.4B
| $659K | ﹤0.01% |
2,300
-4,100
| -64% | -$1.22M |
|
8175
Quanterix
QTRX
$122M
| $659K | ﹤0.01% |
103,638
-38,331
| -27% | -$238K |
|
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.