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 | |
|---|---|---|---|---|---|---|
|
SJT
8651
San Juan Basin Royalty Trust
SJT
$131M
| $529K | ﹤0.01% |
94,101
-71,776
| -43% | -$416K |
|
8652
iShares MSCI Finland ETF
EFNL
$255M
| $529K | ﹤0.01% |
11,058
-53,768
| -83% | -$2.43M |
|
8653
National Bank Holdings
NBHC
$1.94B
| $529K | ﹤0.01% |
13,910
-476
| -3% | -$17.9K |
|
8654
CALL
Caledonia Mining Corp
CMCL
$434M
| $529K | ﹤0.01% |
20,200
-6,600
| -25% | -$194K |
|
8655
Microvision
MVIS
$53M
| $529K | ﹤0.01% |
42,557
-3,192
| -7% | -$50.9K |
|
8656
Direxion Daily Junior Gold Miners Index Bear 2X ETF
JDST
$19.8M
| $529K | ﹤0.01% |
10,048
-898
| -8% | -$65.9K |
|
8657
PUT
Denali Therapeutics
DNLI
$3.9B
| $528K | ﹤0.01% |
32,000
-44,900
| -58% | -$758K |
|
8658
AdvisorShares Insider Advantage ETF
SURE
$58.1M
| $528K | ﹤0.01% |
4,144
+634
| +18% | +$79K |
|
|
CDTX
8659
DELISTED
Cidara Therapeutics
CDTX
| $527K | ﹤0.01% |
2,388
-131,123
| -98% | -$21.2M |
|
8660
Bitwise Bitcoin Strategy Optimum Roll ETF
BITC
$14.2M
| $527K | ﹤0.01% |
+14,463
| New | +$591K |
|
8661
Invesco S&P 500 BuyWrite ETF
PBP
$362M
| $527K | ﹤0.01% |
+23,093
| New | +$523K |
|
8662
PUT
SFL Corp
SFL
$1.64B
| $527K | ﹤0.01% |
67,500
-39,200
| -37% | -$301K |
|
8663
Cerence
CRNC
$407M
| $527K | ﹤0.01% |
49,292
-106,803
| -68% | -$1.17M |
|
8664
PUT
Cullinan Oncology
CGEM
$1.31B
| $527K | ﹤0.01% |
+50,900
| New | +$459K |
|
8665
CALL
FNB Corp
FNB
$6.93B
| $527K | ﹤0.01% |
30,800
-187,100
| -86% | -$3.06M |
|
8666
Arbutus Biopharma
ABUS
$924M
| $526K | ﹤0.01% |
109,411
+45,219
| +70% | +$203K |
|
8667
Sparkline Intangible Value ETF
ITAN
$117M
| $526K | ﹤0.01% |
+14,199
| New | +$510K |
|
8668
PUT
Aquestive Therapeutics
AQST
$533M
| $526K | ﹤0.01% |
81,400
-171,100
| -68% | -$1.07M |
|
8669
CALL
Ocugen
OCGN
$458M
| $526K | ﹤0.01% |
389,500
+15,100
| +4% | +$21.5K |
|
8670
CALL
iShares Mortgage Real Estate ETF
REM
$546M
| $526K | ﹤0.01% |
23,700
-3,700
| -14% | -$82.3K |
|
|
AMZW
8671
Roundhill AMZN WeeklyPay ETF
AMZW
$36.8M
| $525K | ﹤0.01% |
+12,400
| New | +$552K |
|
8672
CALL
Ibotta
IBTA
$783M
| $525K | ﹤0.01% |
23,100
-17,600
| -43% | -$475K |
|
|
GIFI
8673
DELISTED
Gulf Island Fabrication
GIFI
| $525K | ﹤0.01% |
43,854
+8,794
| +25% | +$88.5K |
|
8674
Omega Healthcare
OHI
$14.1B
| $525K | ﹤0.01% |
11,836
+1,313
| +12% | +$56.6K |
|
8675
PUT
Deluxe
DLX
$1.1B
| $525K | ﹤0.01% |
23,500
-14,700
| -38% | -$296K |
|
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.