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 | |
|---|---|---|---|---|---|---|
9676
PUT
Sabre
SABR
$900M
| $337K | ﹤0.01% |
248,000
-1,802,500
| -88% | -$3.1M |
|
9677
HCM Defender 100 Index ETF
QQH
$770M
| $337K | ﹤0.01% |
4,359
+1,143
| +36% | +$89K |
|
9678
Invesco S&P 500 Equal Weight Financials ETF
RSPF
$312M
| $337K | ﹤0.01% |
4,293
-8,476
| -66% | -$649K |
|
|
ZENA
9679
PUT
ZenaTech Inc
ZENA
$190M
| $337K | ﹤0.01% |
105,300
-70,300
| -40% | -$293K |
|
|
FBRT
9680
Franklin BSP Realty Trust
FBRT
$670M
| $337K | ﹤0.01% |
+33,592
| New | +$351K |
|
9681
LXP Industrial Trust
LXP
$3.57B
| $337K | ﹤0.01% |
6,794
+797
| +13% | +$38.2K |
|
9682
CALL
MarineMax
HZO
$1.15B
| $337K | ﹤0.01% |
13,900
-12,300
| -47% | -$304K |
|
9683
PUT
Korn Ferry
KFY
$4.32B
| $337K | ﹤0.01% |
5,100
-500
| -9% | -$33.6K |
|
|
RGTZ
9684
Defiance Daily Target 2x Short RGTI ETF
RGTZ
$6.78M
| $337K | ﹤0.01% |
+15,399
| New | +$296K |
|
9685
PUT
Nordson
NDSN
$17.2B
| $337K | ﹤0.01% |
1,400
+300
| +27% | +$70.5K |
|
9686
PUT
iShares Europe ETF
IEV
$1.7B
| $336K | ﹤0.01% |
4,900
+1,700
| +53% | +$114K |
|
9687
PUT
TXO Partners LP
TXO
$798M
| $336K | ﹤0.01% |
31,500
+7,100
| +29% | +$89.8K |
|
9688
iShares LifePath Target Date 2055 ETF
ITDG
$59.2M
| $336K | ﹤0.01% |
+8,913
| New | +$335K |
|
9689
TransUnion
TRU
$15.4B
| $335K | ﹤0.01% |
3,910
-704
| -15% | -$57.8K |
|
9690
CALL
NET Power
NPWR
$173M
| $335K | ﹤0.01% |
147,000
-215,500
| -59% | -$674K |
|
9691
CALL
Inter&Co
INTR
$2.29B
| $335K | ﹤0.01% |
+39,500
| New | +$349K |
|
9692
CALL
Monarch Casino & Resort
MCRI
$2.22B
| $335K | ﹤0.01% |
+3,500
| New | +$337K |
|
9693
PUT
Vishay Precision Group
VPG
$969M
| $335K | ﹤0.01% |
8,700
+2,200
| +34% | +$77.8K |
|
|
VRE
9694
PUT
DELISTED
Veris Residential
VRE
| $335K | ﹤0.01% |
+22,500
| New | +$332K |
|
|
ACRE
9695
Ares Commercial Real Estate
ACRE
$262M
| $335K | ﹤0.01% |
70,007
+25,125
| +56% | +$122K |
|
9696
Pathfinder Bancorp
PBHC
$102M
| $335K | ﹤0.01% |
23,715
-1,533
| -6% | -$22.6K |
|
9697
CALL
Adaptive Biotechnologies
ADPT
$3.94B
| $335K | ﹤0.01% |
20,600
+9,100
| +79% | +$149K |
|
9698
CALL
Sagimet Biosciences
SGMT
$656M
| $334K | ﹤0.01% |
56,500
-105,400
| -65% | -$757K |
|
9699
CALL
PJT Partners
PJT
$4.46B
| $334K | ﹤0.01% |
2,000
-2,500
| -56% | -$428K |
|
9700
AMN Healthcare
AMN
$1.34B
| $334K | ﹤0.01% |
21,218
-29,761
| -58% | -$531K |
|
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.