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 | |
|---|---|---|---|---|---|---|
|
ARI
9001
CALL
Apollo Commercial Real Estate
ARI
$876M
| $458K | ﹤0.01% |
47,300
+30,100
| +175% | +$301K |
|
9002
Innovator US Equity 10 Buffer ETF Quarterly
ZALT
$793M
| $458K | ﹤0.01% |
14,057
+5,409
| +63% | +$174K |
|
9003
PUT
Nuvectis Pharma
NVCT
$618M
| $458K | ﹤0.01% |
+60,600
| New | +$395K |
|
9004
Leuthold Core ETF
LCR
$69.3M
| $457K | ﹤0.01% |
+12,007
| New | +$456K |
|
|
SFD
9005
Smithfield Foods
SFD
$8.96B
| $457K | ﹤0.01% |
20,476
+2,930
| +17% | +$64.5K |
|
9006
Open Text
OTEX
$5.94B
| $457K | ﹤0.01% |
14,032
-36,898
| -72% | -$1.31M |
|
|
DLY
9007
DoubleLine Yield Opportunities Fund
DLY
$691M
| $457K | ﹤0.01% |
+31,439
| New | +$462K |
|
9008
PUT
Sturm, Ruger & Co
RGR
$602M
| $457K | ﹤0.01% |
14,000
+4,000
| +40% | +$148K |
|
|
DBSC
9009
DELISTED
Deepwater Beachfront Small Cap ETF
DBSC
| $457K | ﹤0.01% |
+18,743
| New | +$462K |
|
9010
Cabot Corp
CBT
$4.54B
| $457K | ﹤0.01% |
+6,889
| New | +$459K |
|
|
DRD
9011
DRDGold
DRD
$2.1B
| $456K | ﹤0.01% |
14,710
-72,286
| -83% | -$2.07M |
|
9012
CALL
BancFirst
BANF
$3.89B
| $456K | ﹤0.01% |
4,300
-400
| -9% | -$45.3K |
|
9013
Invesco Senior Income Trust
VVR
$459M
| $455K | ﹤0.01% |
139,281
+20,506
| +17% | +$67.7K |
|
9014
CALL
Franklin Bitcoin ETF
EZBC
$372M
| $455K | ﹤0.01% |
+9,000
| New | +$521K |
|
9015
CALL
AMC Global Media
AMCX
$510M
| $455K | ﹤0.01% |
47,800
-41,200
| -46% | -$347K |
|
9016
PUT
Navient
NAVI
$860M
| $455K | ﹤0.01% |
35,000
-31,100
| -47% | -$387K |
|
9017
PUT
Revvity
RVTY
$13B
| $455K | ﹤0.01% |
4,700
-5,300
| -53% | -$509K |
|
9018
CALL
Bankunited
BKU
$3.44B
| $455K | ﹤0.01% |
+10,200
| New | +$422K |
|
9019
CALL
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.77B
| $454K | ﹤0.01% |
2,200
-16,600
| -88% | -$3.32M |
|
9020
Alector
ALEC
$219M
| $454K | ﹤0.01% |
291,180
-17,480
| -6% | -$31K |
|
9021
PUT
ProShares UltraPro Short Russell2000
SRTY
$65.3M
| $454K | ﹤0.01% |
10,700
+6,525
| +156% | +$288K |
|
|
NMG
9022
Nouveau Monde Graphite
NMG
$484M
| $454K | ﹤0.01% |
183,035
+149,249
| +442% | +$437K |
|
|
MDBX
9023
DELISTED
Tradr 2X Long MDB Daily ETF
MDBX
| $453K | ﹤0.01% |
+6,372
| New | +$358K |
|
9024
Universal Insurance Holdings
UVE
$1.2B
| $453K | ﹤0.01% |
+13,408
| New | +$428K |
|
9025
FT Vest International Equity Buffer ETF June
YJUN
$145M
| $453K | ﹤0.01% |
17,668
+8,107
| +85% | +$205K |
|
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.