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 | |
|---|---|---|---|---|---|---|
|
GIW
9076
GigCapital8
GIW
$370M
| $445K | ﹤0.01% |
+44,981
| New | +$446K |
|
9077
CALL
Dream Finders Homes
DFH
$1.42B
| $445K | ﹤0.01% |
26,000
+2,700
| +12% | +$55.2K |
|
9078
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.41B
| $445K | ﹤0.01% |
14,144
-19,922
| -58% | -$627K |
|
9079
CALL
Otter Tail
OTTR
$3.9B
| $444K | ﹤0.01% |
5,500
-1,600
| -23% | -$130K |
|
9080
Stepan Co
SCL
$1.48B
| $444K | ﹤0.01% |
9,384
-16,139
| -63% | -$739K |
|
|
TECX
9081
PUT
Tectonic Therapeutic
TECX
$682M
| $444K | ﹤0.01% |
21,300
-25,000
| -54% | -$465K |
|
9082
PUT
F&G Annuities & Life
FG
$3.59B
| $444K | ﹤0.01% |
14,400
-39,300
| -73% | -$1.23M |
|
9083
Neuronetics
STIM
$230M
| $444K | ﹤0.01% |
321,561
+100,993
| +46% | +$211K |
|
9084
CALL
Porch Group
PRCH
$1.97B
| $444K | ﹤0.01% |
48,600
-201,100
| -81% | -$2.42M |
|
9085
PGIM Jennison Focused Value ETF
PJFV
$129M
| $444K | ﹤0.01% |
+5,360
| New | +$437K |
|
9086
PUT
Alto Ingredients
ALTO
$324M
| $444K | ﹤0.01% |
+154,000
| New | +$290K |
|
9087
PUT
Radware
RDWR
$1.23B
| $443K | ﹤0.01% |
18,400
+4,800
| +35% | +$117K |
|
9088
Consolidated Water Co
CWCO
$500M
| $443K | ﹤0.01% |
12,554
+4,082
| +48% | +$142K |
|
9089
CALL
Resideo Technologies
REZI
$3.11B
| $443K | ﹤0.01% |
12,600
-156,600
| -93% | -$5.79M |
|
9090
Heron Therapeutics
HRTX
$63.9M
| $442K | ﹤0.01% |
340,246
+11,279
| +3% | +$13.9K |
|
9091
CALL
Griffon
GFF
$4.72B
| $442K | ﹤0.01% |
6,000
-3,700
| -38% | -$275K |
|
9092
PUT
Asbury Automotive
ABG
$3.78B
| $442K | ﹤0.01% |
1,900
-1,400
| -42% | -$331K |
|
9093
Innovator 20+ Year Treasury Bond 5 Floor ETF July
TFJL
$6.57M
| $442K | ﹤0.01% |
+22,318
| New | +$451K |
|
9094
PUT
Piper Sandler
PIPR
$5.41B
| $442K | ﹤0.01% |
5,200
-12,400
| -70% | -$1.05M |
|
9095
PUT
Avalo Therapeutics
AVTX
$1.05B
| $441K | ﹤0.01% |
24,300
+10,700
| +79% | +$181K |
|
|
MARU
9096
AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF
MARU
$35.1M
| $441K | ﹤0.01% |
15,886
-24,262
| -60% | -$670K |
|
9097
iShares MSCI Intl Momentum Factor ETF
IMTM
$4.33B
| $441K | ﹤0.01% |
+9,190
| New | +$440K |
|
9098
PUT
Haemonetics
HAE
$4.13B
| $441K | ﹤0.01% |
5,500
-59,400
| -92% | -$3.99M |
|
9099
CALL
Comstock
LODE
$263M
| $441K | ﹤0.01% |
117,200
+2,200
| +2% | +$7.48K |
|
9100
VanEck Israel ETF
ISRA
$162M
| $441K | ﹤0.01% |
7,492
-15,024
| -67% | -$850K |
|
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.