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 | |
|---|---|---|---|---|---|---|
|
UROY
8751
PUT
Uranium Royalty Corp
UROY
$1.57B
| $507K | ﹤0.01% |
143,300
+59,900
| +72% | +$234K |
|
|
DX
8752
CALL
Dynex Capital
DX
$3.24B
| $507K | ﹤0.01% |
36,200
-284,600
| -89% | -$3.84M |
|
|
AWF
8753
AllianceBernstein Global High Income Fund
AWF
$875M
| $507K | ﹤0.01% |
47,405
+37,024
| +357% | +$401K |
|
8754
BrightSpring Health Services
BTSG
$12.2B
| $507K | ﹤0.01% |
13,531
-870,749
| -98% | -$29.2M |
|
|
UCTT
8755
CALL
Ultra Clean Holdings
UCTT
$3.85B
| $507K | ﹤0.01% |
20,000
+4,400
| +28% | +$117K |
|
8756
CALL
Blackbaud
BLKB
$2.05B
| $507K | ﹤0.01% |
8,000
+1,100
| +16% | +$68K |
|
|
COPY
8757
Tweedy Browne Insider + Value ETF
COPY
$392M
| $506K | ﹤0.01% |
39,200
-56,736
| -59% | -$708K |
|
8758
CALL
Geron
GERN
$943M
| $505K | ﹤0.01% |
382,900
+292,300
| +323% | +$367K |
|
|
CAN
8759
PUT
Canaan Creative
CAN
$171M
| $505K | ﹤0.01% |
732,400
+609,600
| +496% | +$698K |
|
|
EUAD
8760
Select STOXX Europe Aerospace & Defense ETF
EUAD
$1.26B
| $505K | ﹤0.01% |
+11,995
| New | +$517K |
|
8761
KFA Mount Lucas Managed Futures Index Strategy ETF
KMLM
$418M
| $505K | ﹤0.01% |
+19,454
| New | +$519K |
|
|
STEX
8762
CALL
Streamex Corp
STEX
$108M
| $505K | ﹤0.01% |
166,600
-99,000
| -37% | -$443K |
|
8763
CALL
iShares Micro-Cap ETF
IWC
$1.52B
| $505K | ﹤0.01% |
3,200
-10,900
| -77% | -$1.7M |
|
8764
LENSAR
LNSR
$101M
| $504K | ﹤0.01% |
43,377
+9,063
| +26% | +$103K |
|
8765
PUT
National Fuel Gas
NFG
$7.79B
| $504K | ﹤0.01% |
6,300
-200
| -3% | -$16.5K |
|
8766
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $504K | ﹤0.01% |
10,506
-40,282
| -79% | -$1.93M |
|
8767
PUT
RB Global
RBA
$15.6B
| $504K | ﹤0.01% |
+4,900
| New | +$498K |
|
8768
iShares ESG Advanced MSCI USA ETF
USXF
$1.52B
| $504K | ﹤0.01% |
8,752
+1,697
| +24% | +$97.6K |
|
8769
Teleflex
TFX
$5.81B
| $504K | ﹤0.01% |
4,128
+1,088
| +36% | +$132K |
|
8770
Diana Shipping
DSX
$309M
| $504K | ﹤0.01% |
303,481
+8,382
| +3% | +$14.6K |
|
8771
PJT Partners
PJT
$4.46B
| $503K | ﹤0.01% |
3,011
+1,165
| +63% | +$199K |
|
8772
PUT
ITT
ITT
$19.6B
| $503K | ﹤0.01% |
2,900
-11,500
| -80% | -$2.06M |
|
8773
Consensus Cloud Solutions
CCSI
$716M
| $503K | ﹤0.01% |
+23,038
| New | +$567K |
|
8774
Invesco DB Agriculture Fund
DBA
$1.24B
| $502K | ﹤0.01% |
19,690
-115,080
| -85% | -$3.03M |
|
|
BKV
8775
CALL
BKV Corp
BKV
$2.93B
| $502K | ﹤0.01% |
+18,500
| New | +$465K |
|
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.