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 | |
|---|---|---|---|---|---|---|
|
ASRT
8201
CALL
DELISTED
Assertio
ASRT
| $651K | ﹤0.01% |
71,800
+55,707
| +346% | +$650K |
|
|
MSB
8202
PUT
Mesabi Trust
MSB
$301M
| $651K | ﹤0.01% |
16,900
+6,800
| +67% | +$230K |
|
8203
CALL
Bausch + Lomb
BLCO
$6.09B
| $651K | ﹤0.01% |
38,100
-29,700
| -44% | -$471K |
|
8204
CALL
Arcus Biosciences
RCUS
$3.75B
| $651K | ﹤0.01% |
27,300
+9,100
| +50% | +$186K |
|
8205
iShares US Financials ETF
IYF
$4.43B
| $650K | ﹤0.01% |
5,042
-12,188
| -71% | -$1.52M |
|
8206
PUT
Arrow Electronics
ARW
$10.9B
| $650K | ﹤0.01% |
+5,900
| New | +$670K |
|
8207
US Treasury 20 Year Bond ETF
UTWY
$8.22M
| $650K | ﹤0.01% |
14,942
+377
| +3% | +$16.7K |
|
8208
First Trust Emerging Markets AlphaDEX Fund
FEM
$790M
| $650K | ﹤0.01% |
23,748
-3,520
| -13% | -$94.8K |
|
8209
Compass Minerals
CMP
$1.11B
| $649K | ﹤0.01% |
33,051
+15,837
| +92% | +$293K |
|
8210
TXO Partners LP
TXO
$766M
| $649K | ﹤0.01% |
+60,827
| New | +$769K |
|
8211
CALL
Grand Canyon Education
LOPE
$3.76B
| $649K | ﹤0.01% |
3,900
-2,000
| -34% | -$362K |
|
|
UX
8212
Roundhill Uranium ETF
UX
$5.2M
| $647K | ﹤0.01% |
21,769
+10,790
| +98% | +$311K |
|
8213
CALL
Chegg
CHGG
$87.5M
| $647K | ﹤0.01% |
695,800
+2,700
| +0.4% | +$2.94K |
|
8214
Nuveen Municipal Value Fund
NUV
$1.9B
| $647K | ﹤0.01% |
71,415
+61,195
| +599% | +$553K |
|
8215
Timothy Plan US Small Cap Core ETF
TPSC
$390M
| $647K | ﹤0.01% |
15,600
-5,360
| -26% | -$221K |
|
|
FB
8216
ProShares S&P 500 Dynamic Buffer ETF
FB
$1.8M
| $646K | ﹤0.01% |
15,318
+9,905
| +183% | +$414K |
|
|
CYPH
8217
Cypherpunk Technologies Inc
CYPH
$69.4M
| $646K | ﹤0.01% |
557,179
+470,983
| +546% | +$515K |
|
|
REFI
8218
PUT
Chicago Atlantic Real Estate Finance
REFI
$260M
| $646K | ﹤0.01% |
52,700
+5,100
| +11% | +$65.1K |
|
8219
iShares LifePath Target Date 2045 ETF
ITDE
$90.4M
| $645K | ﹤0.01% |
17,808
+8,807
| +98% | +$320K |
|
8220
Orchestra BioMed
OBIO
$265M
| $644K | ﹤0.01% |
155,130
+57,025
| +58% | +$230K |
|
|
MZTI
8221
The Marzetti Company
MZTI
$3.18B
| $644K | ﹤0.01% |
+3,914
| New | +$653K |
|
|
VRE
8222
DELISTED
Veris Residential
VRE
| $643K | ﹤0.01% |
43,233
+9,663
| +29% | +$143K |
|
|
LGCY
8223
Legacy Education Inc
LGCY
$136M
| $643K | ﹤0.01% |
63,119
+26,412
| +72% | +$254K |
|
|
DX
8224
PUT
Dynex Capital
DX
$3.24B
| $643K | ﹤0.01% |
45,900
-115,400
| -72% | -$1.56M |
|
8225
PUT
Dine Brands
DIN
$447M
| $643K | ﹤0.01% |
20,000
-108,800
| -84% | -$3.16M |
|
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.