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 | |
|---|---|---|---|---|---|---|
|
CPNJ
8826
Calamos Nasdaq-100 Structured Alt Protection ETF - June
CPNJ
$41.6M
| $491K | ﹤0.01% |
18,187
+8,327
| +84% | +$223K |
|
8827
Terreno Realty
TRNO
$7.43B
| $491K | ﹤0.01% |
8,361
-439
| -5% | -$26.4K |
|
8828
Kayne Anderson Energy Infrastructure Fund
KYN
$2.51B
| $491K | ﹤0.01% |
+39,650
| New | +$473K |
|
8829
PUT
FormFactor
FORM
$10.3B
| $491K | ﹤0.01% |
+8,800
| New | +$443K |
|
8830
PUT
Direxion Daily Real Estate Bull 3X ETF
DRN
$45.4M
| $491K | ﹤0.01% |
57,600
+9,000
| +19% | +$80.9K |
|
|
BCPC
8831
CALL
Balchem Corp
BCPC
$5.69B
| $491K | ﹤0.01% |
3,200
-3,600
| -53% | -$549K |
|
8832
CALL
Workhorse Group
WKHS
$33.3M
| $490K | ﹤0.01% |
96,300
+87,008
| +936% | +$861K |
|
8833
Backblaze
BLZE
$1.18B
| $490K | ﹤0.01% |
105,185
+80,668
| +329% | +$553K |
|
8834
Hartford US Quality Growth ETF
HQGO
$51M
| $490K | ﹤0.01% |
8,156
-3,145
| -28% | -$188K |
|
8835
CALL
Wolverine World Wide
WWW
$1.73B
| $490K | ﹤0.01% |
27,000
-140,900
| -84% | -$2.85M |
|
8836
PUT
SES AI
SES
$223M
| $490K | ﹤0.01% |
272,100
-221,500
| -45% | -$497K |
|
8837
Hyliion Holdings
HYLN
$725M
| $490K | ﹤0.01% |
266,146
-91,807
| -26% | -$185K |
|
8838
Savers
SVV
$1.63B
| $490K | ﹤0.01% |
+52,427
| New | +$539K |
|
8839
MSC Industrial Direct
MSM
$6.91B
| $489K | ﹤0.01% |
5,815
+3,350
| +136% | +$290K |
|
8840
VanEck Retail ETF
RTH
$259M
| $489K | ﹤0.01% |
1,960
-840
| -30% | -$211K |
|
8841
PUT
Veracyte
VCYT
$3.32B
| $488K | ﹤0.01% |
11,600
+4,900
| +73% | +$198K |
|
8842
Evertec
EVTC
$1.89B
| $488K | ﹤0.01% |
+16,781
| New | +$499K |
|
8843
Canadian Solar
CSIQ
$1.03B
| $488K | ﹤0.01% |
20,536
-253,142
| -92% | -$5.52M |
|
8844
Rigel Pharmaceuticals
RIGL
$795M
| $487K | ﹤0.01% |
11,381
-18,501
| -62% | -$697K |
|
8845
CALL
Towne Bank
TOWN
$3.5B
| $487K | ﹤0.01% |
+14,600
| New | +$492K |
|
8846
FT Vest US Equity Buffer & Premium Income ETF December
XIDE
$22.8M
| $487K | ﹤0.01% |
+16,148
| New | +$488K |
|
8847
Defiance R2000 Weekly Distribution ETF
IWMY
$98.2M
| $487K | ﹤0.01% |
24,719
+15,725
| +175% | +$334K |
|
8848
CALL
Associated Banc-Corp
ASB
$6.11B
| $487K | ﹤0.01% |
18,900
+2,100
| +13% | +$54K |
|
|
RPTX
8849
CALL
DELISTED
Repare Therapeutics
RPTX
| $487K | ﹤0.01% |
187,200
+79,100
| +73% | +$159K |
|
8850
PUT
Autoliv
ALV
$8.94B
| $487K | ﹤0.01% |
4,100
-4,600
| -53% | -$549K |
|
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.