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 | |
|---|---|---|---|---|---|---|
8501
Chegg
CHGG
$87.5M
| $560K | ﹤0.01% |
602,605
-474,915
| -44% | -$518K |
|
8502
First Trust Active Factor Small Cap ETF
AFSM
$125M
| $560K | ﹤0.01% |
+17,033
| New | +$554K |
|
8503
Direxion Daily S&P 500 Bear 1X ETF
SPDN
$198M
| $560K | ﹤0.01% |
59,374
+29,862
| +101% | +$285K |
|
8504
CALL
Tejon Ranch
TRC
$442M
| $560K | ﹤0.01% |
+35,500
| New | +$566K |
|
8505
AllianzIM U.S. Equity Buffer10 Dec ETF
DECT
$128M
| $560K | ﹤0.01% |
15,265
-6,472
| -30% | -$233K |
|
8506
Navigator Holdings
NVGS
$1.29B
| $559K | ﹤0.01% |
32,284
-11,411
| -26% | -$191K |
|
8507
PUT
Byrna Technologies
BYRN
$95.5M
| $559K | ﹤0.01% |
33,300
-15,900
| -32% | -$310K |
|
|
TIC
8508
CALL
TIC Solutions Inc
TIC
$2.15B
| $559K | ﹤0.01% |
55,300
+14,300
| +35% | +$159K |
|
8509
OR Royalties Inc
OR
$6.25B
| $559K | ﹤0.01% |
15,797
-10,086
| -39% | -$353K |
|
|
UCTT
8510
Ultra Clean Holdings
UCTT
$3.85B
| $559K | ﹤0.01% |
22,059
+13,531
| +159% | +$360K |
|
8511
PUT
Criteo S.A.
CRTO
$931M
| $559K | ﹤0.01% |
27,100
+8,000
| +42% | +$166K |
|
8512
Tradr 2X Long Innovation ETF
TARK
$16.3M
| $558K | ﹤0.01% |
11,501
+3,625
| +46% | +$261K |
|
8513
CALL
Haleon
HLN
$42.7B
| $558K | ﹤0.01% |
55,200
+30,300
| +122% | +$288K |
|
8514
Healthcare Realty
HR
$6.6B
| $558K | ﹤0.01% |
32,911
-46,037
| -58% | -$819K |
|
|
CPRX
8515
CALL
DELISTED
Catalyst Pharmaceutical
CPRX
| $558K | ﹤0.01% |
23,900
-82,600
| -78% | -$1.84M |
|
8516
QuickLogic
QUIK
$234M
| $558K | ﹤0.01% |
92,804
+30,647
| +49% | +$198K |
|
8517
ProShares Ultra Technology
ROM
$1.32B
| $558K | ﹤0.01% |
5,914
-2,361
| -29% | -$227K |
|
8518
PUT
Bentley Systems
BSY
$10.9B
| $557K | ﹤0.01% |
14,600
-41,500
| -74% | -$1.89M |
|
8519
Opendoor
OPEN
$3.53B
| $557K | ﹤0.01% |
95,568
+67,082
| +235% | +$481K |
|
8520
Wrap Technologies
WRAP
$105M
| $557K | ﹤0.01% |
234,077
+66,725
| +40% | +$161K |
|
8521
Ovid Therapeutics
OVID
$553M
| $557K | ﹤0.01% |
341,740
-247,354
| -42% | -$381K |
|
|
HFGM
8522
Unlimited HFGM Global Macro ETF
HFGM
$162M
| $557K | ﹤0.01% |
+19,306
| New | +$613K |
|
|
CNH
8523
CNH Industrial
CNH
$16.8B
| $556K | ﹤0.01% |
60,336
-26,619
| -31% | -$266K |
|
8524
CALL
Chemed
CHE
$6.96B
| $556K | ﹤0.01% |
1,300
-4,600
| -78% | -$2M |
|
8525
BlackRock Credit Allocation Income Trust
BTZ
$954M
| $555K | ﹤0.01% |
51,278
+24,854
| +94% | +$272K |
|
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.