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 | |
|---|---|---|---|---|---|---|
|
PPIH
9726
PUT
Perma-Pipe International
PPIH
$218M
| $331K | ﹤0.01% |
10,900
-75,800
| -87% | -$2.08M |
|
|
MILN
9727
Global X Millennial Consumer ETF
MILN
$103M
| $331K | ﹤0.01% |
7,051
-2,209
| -24% | -$105K |
|
9728
CareTrust REIT
CTRE
$9.16B
| $330K | ﹤0.01% |
9,126
-5,108
| -36% | -$183K |
|
|
SEIS
9729
SEI Select Small Cap ETF
SEIS
$603M
| $330K | ﹤0.01% |
+11,806
| New | +$328K |
|
9730
CALL
Immuneering
IMRX
$327M
| $330K | ﹤0.01% |
+50,100
| New | +$322K |
|
|
PSTL
9731
Postal Realty Trust
PSTL
$696M
| $329K | ﹤0.01% |
+20,415
| New | +$314K |
|
|
RVNL
9732
GraniteShares 2x Long RIVN Daily ETF
RVNL
$9.98M
| $329K | ﹤0.01% |
+5,826
| New | +$238K |
|
|
UHT
9733
CALL
Universal Health Realty Income Trust
UHT
$574M
| $329K | ﹤0.01% |
+8,400
| New | +$327K |
|
9734
CALL
Aveanna Healthcare
AVAH
$2.69B
| $329K | ﹤0.01% |
40,300
+9,900
| +33% | +$89.4K |
|
9735
CALL
State Street SPDR S&P China ETF
GXC
$470M
| $329K | ﹤0.01% |
3,400
-3,400
| -50% | -$343K |
|
9736
PUT
Galectin Therapeutics
GALT
$347M
| $329K | ﹤0.01% |
79,100
+10,100
| +15% | +$53.2K |
|
9737
Annaly Capital Management
NLY
$17.6B
| $329K | ﹤0.01% |
14,707
-613
| -4% | -$13.3K |
|
9738
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
OILU
$74.3M
| $329K | ﹤0.01% |
14,279
-21,663
| -60% | -$503K |
|
|
ANGX
9739
PUT
Angel Studios
ANGX
$816M
| $329K | ﹤0.01% |
+70,400
| New | +$417K |
|
9740
CALL
Humacyte
HUMA
$168M
| $329K | ﹤0.01% |
342,300
+261,000
| +321% | +$370K |
|
9741
Nuveen Floating Rate Income Fund
JFR
$1.25B
| $329K | ﹤0.01% |
41,955
+17,836
| +74% | +$141K |
|
9742
IHS Holding
IHS
$2.82B
| $328K | ﹤0.01% |
44,033
-72,519
| -62% | -$499K |
|
9743
BBB Foods
TBBB
$5.76B
| $328K | ﹤0.01% |
9,834
-2,422
| -20% | -$72.4K |
|
9744
TriCo Bancshares
TCBK
$1.84B
| $328K | ﹤0.01% |
6,926
-3,981
| -36% | -$183K |
|
9745
PUT
Graco
GGG
$13.3B
| $328K | ﹤0.01% |
4,000
+1,000
| +33% | +$82.3K |
|
9746
CALL
VanEck Agribusiness ETF
MOO
$976M
| $328K | ﹤0.01% |
4,500
-3,800
| -46% | -$276K |
|
9747
Surf Air Mobility
SRFM
$89.8M
| $327K | ﹤0.01% |
+168,765
| New | +$540K |
|
9748
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$140M
| $327K | ﹤0.01% |
12,366
-201,081
| -94% | -$6.57M |
|
9749
CALL
Phillips Edison & Co
PECO
$5.21B
| $327K | ﹤0.01% |
9,200
+1,500
| +19% | +$52.1K |
|
9750
Paysafe
PSFE
$340M
| $327K | ﹤0.01% |
40,400
-24,701
| -38% | -$239K |
|
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.