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 | |
|---|---|---|---|---|---|---|
9101
Helix Energy Solutions
HLX
$1.54B
| $440K | ﹤0.01% |
70,155
-41,732
| -37% | -$277K |
|
|
AIPI
9102
REX AI Equity Premium Income ETF
AIPI
$432M
| $440K | ﹤0.01% |
10,975
-16,472
| -60% | -$695K |
|
9103
PUT
Macerich
MAC
$7.01B
| $439K | ﹤0.01% |
23,800
+5,100
| +27% | +$89.9K |
|
9104
iShares International Dividend Growth ETF
IGRO
$1.31B
| $439K | ﹤0.01% |
+5,307
| New | +$429K |
|
9105
CONMED
CNMD
$1.51B
| $439K | ﹤0.01% |
10,815
+1,952
| +22% | +$84.9K |
|
9106
PUT
Clearway Energy Class C
CWEN
$7.01B
| $439K | ﹤0.01% |
13,200
-26,900
| -67% | -$895K |
|
9107
B&G Foods
BGS
$294M
| $439K | ﹤0.01% |
102,100
+15,630
| +18% | +$69.9K |
|
9108
Simplify Short Term Treasury Futures Strategy ETF
TUA
$661M
| $439K | ﹤0.01% |
+20,040
| New | +$440K |
|
9109
Nexstar Media Group
NXST
$5.84B
| $439K | ﹤0.01% |
2,160
-859
| -28% | -$168K |
|
9110
Rhythm Pharmaceuticals
RYTM
$7.95B
| $439K | ﹤0.01% |
4,097
+993
| +32% | +$105K |
|
9111
iShares Copper and Metals Mining ETF
ICOP
$458M
| $439K | ﹤0.01% |
+9,897
| New | +$394K |
|
9112
First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF
MFLX
$21.3M
| $438K | ﹤0.01% |
25,798
-20,624
| -44% | -$351K |
|
9113
CALL
Equitable Holdings
EQH
$14.5B
| $438K | ﹤0.01% |
9,200
-54,600
| -86% | -$2.59M |
|
9114
MKS Inc
MKSI
$21B
| $438K | ﹤0.01% |
2,743
-17,053
| -86% | -$2.53M |
|
9115
Arqit Quantum
ARQQ
$424M
| $438K | ﹤0.01% |
20,033
-172,785
| -90% | -$5.97M |
|
9116
ProShares Ultra S&P500
SSO
$8.47B
| $438K | ﹤0.01% |
+7,559
| New | +$433K |
|
9117
Aptus Defined Risk ETF
DRSK
$1.54B
| $438K | ﹤0.01% |
+15,374
| New | +$449K |
|
9118
Alamo Group
ALG
$2.01B
| $437K | ﹤0.01% |
2,606
+1,307
| +101% | +$228K |
|
9119
PUT
Microbot Medical
MBOT
$104M
| $437K | ﹤0.01% |
218,700
-74,600
| -25% | -$177K |
|
9120
Inovio Pharmaceuticals
INO
$113M
| $437K | ﹤0.01% |
250,950
+199,768
| +390% | +$440K |
|
9121
Agree Realty
ADC
$9.3B
| $437K | ﹤0.01% |
6,062
+445
| +8% | +$32.5K |
|
9122
CALL
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $436K | ﹤0.01% |
5,600
+2,100
| +60% | +$164K |
|
9123
PUT
La-Z-Boy
LZB
$1.67B
| $436K | ﹤0.01% |
+11,700
| New | +$410K |
|
9124
West Bancorporation
WTBA
$508M
| $436K | ﹤0.01% |
+19,637
| New | +$424K |
|
|
ERC
9125
Allspring Multi-Sector Income Fund
ERC
$260M
| $436K | ﹤0.01% |
+46,832
| New | +$441K |
|
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.