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 | |
|---|---|---|---|---|---|---|
|
AMUN
8451
abrdn Ultra Short Municipal Income Active ETF
AMUN
$53.2M
| $578K | ﹤0.01% |
+22,172
| New | +$578K |
|
8452
PUT
Vanguard Total Bond Market
BND
$161B
| $578K | ﹤0.01% |
7,800
-7,000
| -47% | -$521K |
|
8453
CALL
Sprinklr
CXM
$1.61B
| $577K | ﹤0.01% |
74,200
+42,600
| +135% | +$324K |
|
|
TEAD
8454
Teads Holding Co
TEAD
$66.8M
| $577K | ﹤0.01% |
819,498
+21,252
| +3% | +$22.5K |
|
8455
PUT
Verastem
VSTM
$596M
| $576K | ﹤0.01% |
74,600
+30,700
| +70% | +$274K |
|
8456
CALL
Sana Biotechnology
SANA
$1.06B
| $576K | ﹤0.01% |
141,500
+101,800
| +256% | +$456K |
|
8457
PUT
Coty
COTY
$2.51B
| $576K | ﹤0.01% |
186,900
-132,000
| -41% | -$480K |
|
8458
Intrepid Potash
IPI
$493M
| $576K | ﹤0.01% |
20,754
-4,911
| -19% | -$132K |
|
|
DYNC
8459
CALL
Dynamix Corp
DYNC
$240M
| $575K | ﹤0.01% |
55,900
-7,100
| -11% | -$73.6K |
|
8460
PUT
American Homes 4 Rent
AMH
$12.3B
| $575K | ﹤0.01% |
17,900
-17,000
| -49% | -$545K |
|
8461
Denali Therapeutics
DNLI
$3.9B
| $574K | ﹤0.01% |
34,768
-6,218
| -15% | -$105K |
|
8462
CALL
Village Farms International
VFF
$309M
| $573K | ﹤0.01% |
157,100
-216,400
| -58% | -$754K |
|
8463
Advanced Energy
AEIS
$13.2B
| $573K | ﹤0.01% |
2,738
-1,839
| -40% | -$374K |
|
8464
Granite Construction
GVA
$5.56B
| $573K | ﹤0.01% |
4,964
-3,622
| -42% | -$389K |
|
8465
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
QARP
$78.5M
| $573K | ﹤0.01% |
9,694
-1,859
| -16% | -$108K |
|
8466
SPS Commerce
SPSC
$2.86B
| $572K | ﹤0.01% |
6,415
-4,013
| -38% | -$372K |
|
8467
PUT
Loar Holdings
LOAR
$7.25B
| $571K | ﹤0.01% |
8,400
-26,900
| -76% | -$1.96M |
|
8468
PUT
Global Net Lease
GNL
$2.03B
| $571K | ﹤0.01% |
66,400
-93,200
| -58% | -$747K |
|
8469
PUT
DXP Enterprises
DXPE
$3.12B
| $571K | ﹤0.01% |
5,200
-8,700
| -63% | -$948K |
|
8470
Scholar Rock
SRRK
$6.4B
| $570K | ﹤0.01% |
12,951
-48,037
| -79% | -$1.8M |
|
8471
Invesco DB US Dollar Index Bearish Fund
UDN
$109M
| $570K | ﹤0.01% |
31,265
-21,746
| -41% | -$403K |
|
8472
CALL
Vishay Precision Group
VPG
$969M
| $570K | ﹤0.01% |
14,800
-1,700
| -10% | -$60.1K |
|
|
CRCA
8473
ProShares Ultra CRCL
CRCA
$103M
| $570K | ﹤0.01% |
+14,100
| New | +$1.21M |
|
8474
Protara Therapeutics
TARA
$235M
| $569K | ﹤0.01% |
106,846
+25,643
| +32% | +$143K |
|
8475
Excelerate Energy
EE
$1.15B
| $569K | ﹤0.01% |
20,278
-403
| -2% | -$10.9K |
|
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.