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 | |
|---|---|---|---|---|---|---|
|
CPNQ
9851
Calamos Nasdaq-100 Structured Alt Protection ETF - December
CPNQ
$22.1M
| $312K | ﹤0.01% |
11,740
-22,088
| -65% | -$582K |
|
9852
AB Ultra Short Income ETF
YEAR
$1.52B
| $312K | ﹤0.01% |
+6,172
| New | +$312K |
|
9853
PUT
Caleres
CAL
$449M
| $312K | ﹤0.01% |
25,600
-44,200
| -63% | -$544K |
|
9854
Beazer Homes USA
BZH
$872M
| $311K | ﹤0.01% |
15,367
-6,486
| -30% | -$144K |
|
9855
Collegium Pharmaceutical
COLL
$875M
| $311K | ﹤0.01% |
+6,727
| New | +$281K |
|
9856
Invesco NASDAQ Future Gen 200 ETF
QQQS
$23M
| $311K | ﹤0.01% |
+9,119
| New | +$313K |
|
9857
iShares Russell 2000 BuyWrite ETF
IWMW
$60.5M
| $311K | ﹤0.01% |
8,023
-10,753
| -57% | -$430K |
|
9858
ProShares Ultra MSCI Brazil Capped
UBR
$3.45M
| $311K | ﹤0.01% |
+11,786
| New | +$297K |
|
|
YQ
9859
CALL
17 Education & Technology Group
YQ
$22.5M
| $310K | ﹤0.01% |
+88,700
| New | +$426K |
|
9860
Heartland Express
HTLD
$989M
| $310K | ﹤0.01% |
34,369
-23,837
| -41% | -$198K |
|
9861
PUT
GoPro
GPRO
$110M
| $310K | ﹤0.01% |
220,100
-28,900
| -12% | -$52.4K |
|
9862
CALL
Lakeland Industries
LAKE
$117M
| $310K | ﹤0.01% |
35,100
+19,800
| +129% | +$278K |
|
9863
PUT
Community Bank
CBU
$3.46B
| $310K | ﹤0.01% |
5,400
-18,600
| -78% | -$1.07M |
|
9864
CALL
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
| $310K | ﹤0.01% |
4,000
-2,300
| -37% | -$176K |
|
9865
Xerox
XRX
$407M
| $310K | ﹤0.01% |
130,846
+23,273
| +22% | +$68.9K |
|
9866
CALL
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.3B
| $310K | ﹤0.01% |
3,200
-200
| -6% | -$19.3K |
|
|
LOVE
9867
LoveSac
LOVE
$253M
| $310K | ﹤0.01% |
+21,012
| New | +$297K |
|
9868
ProShares UltraPro Russell2000
URTY
$368M
| $310K | ﹤0.01% |
5,824
-47,537
| -89% | -$2.57M |
|
|
RAPP
9869
Rapport Therapeutics
RAPP
$2.28B
| $310K | ﹤0.01% |
10,208
-10,935
| -52% | -$303K |
|
9870
CALL
Cartesian Therapeutics
RNAC
$267M
| $309K | ﹤0.01% |
42,900
-24,700
| -37% | -$200K |
|
9871
PUT
Community Health Systems
CYH
$423M
| $309K | ﹤0.01% |
99,100
-4,200
| -4% | -$14.1K |
|
9872
Climb Global Solutions
CLMB
$532M
| $309K | ﹤0.01% |
12,024
+5,260
| +78% | +$153K |
|
9873
PUT
Innoviz Technologies
INVZ
$107M
| $309K | ﹤0.01% |
363,500
-4,900
| -1% | -$7.75K |
|
|
VIVO
9874
VivoPower PLC
VIVO
$150M
| $309K | ﹤0.01% |
136,407
+38,079
| +39% | +$131K |
|
9875
CALL
GoodRx Holdings
GDRX
$1.27B
| $309K | ﹤0.01% |
114,000
-100
| -0.1% | -$328 |
|
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.