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 | |
|---|---|---|---|---|---|---|
9901
SEI QiM U.S. Large Cap Low Volatility Active ETF
SELV
$261M
| $305K | ﹤0.01% |
9,454
+2,969
| +46% | +$94.6K |
|
9902
PUT
New York Times
NYT
$10.4B
| $305K | ﹤0.01% |
4,400
-99,300
| -96% | -$6.16M |
|
9903
CALL
Fulton Financial
FULT
$4.72B
| $305K | ﹤0.01% |
15,800
-16,800
| -52% | -$309K |
|
9904
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ASHS
$34.9M
| $305K | ﹤0.01% |
7,886
-92,614
| -92% | -$3.42M |
|
9905
State Street SPDR S&P Kensho Smart Mobility ETF
HAIL
$20.2M
| $305K | ﹤0.01% |
9,172
+264
| +3% | +$9.24K |
|
9906
Cognyte Software
CGNT
$674M
| $305K | ﹤0.01% |
+32,464
| New | +$281K |
|
9907
Innovator Premium Income 20 Barrier ETF October
OCTH
$18.1M
| $305K | ﹤0.01% |
+12,743
| New | +$306K |
|
9908
Fate Therapeutics
FATE
$308M
| $305K | ﹤0.01% |
310,191
+131,264
| +73% | +$158K |
|
9909
CALL
Zumiez
ZUMZ
$314M
| $305K | ﹤0.01% |
11,700
+700
| +6% | +$16.8K |
|
9910
PUT
Outlook Therapeutics
OTLK
$141M
| $305K | ﹤0.01% |
192,900
+168,400
| +687% | +$269K |
|
9911
Lincoln Educational Services
LINC
$950M
| $305K | ﹤0.01% |
12,616
+3,490
| +38% | +$76.1K |
|
9912
StealthGas
GASS
$352M
| $305K | ﹤0.01% |
43,386
+33,242
| +328% | +$223K |
|
9913
PUT
Lightwave Logic
LWLG
$1.17B
| $305K | ﹤0.01% |
94,000
-15,200
| -14% | -$67.5K |
|
9914
PUT
XPEL
XPEL
$1.38B
| $304K | ﹤0.01% |
6,100
-5,200
| -46% | -$217K |
|
9915
CALL
Ducommun
DCO
$3.13B
| $304K | ﹤0.01% |
+3,200
| New | +$298K |
|
9916
APi Group
APG
$19B
| $304K | ﹤0.01% |
+7,944
| New | +$294K |
|
9917
Magnachip Semiconductor
MX
$139M
| $304K | ﹤0.01% |
119,155
+84,577
| +245% | +$235K |
|
|
AFCG
9918
AFC Gamma
AFCG
$72.1M
| $303K | ﹤0.01% |
106,474
+64,116
| +151% | +$204K |
|
9919
Alpha Pro Tech
APT
$55.4M
| $303K | ﹤0.01% |
68,311
+4,127
| +6% | +$19K |
|
|
RSDE
9920
FT Vest U.S. Equity Equal Weight Buffer ETF - December
RSDE
$32.4M
| $303K | ﹤0.01% |
13,899
+1,309
| +10% | +$28.2K |
|
9921
Avantis International Small Cap Equity ETF
AVDS
$337M
| $303K | ﹤0.01% |
+4,344
| New | +$295K |
|
9922
Gold Fields
GFI
$36B
| $303K | ﹤0.01% |
6,945
-15,295
| -69% | -$639K |
|
9923
Cabaletta Bio
CABA
$466M
| $303K | ﹤0.01% |
138,281
-233,827
| -63% | -$579K |
|
9924
CALL
Invesco Water Resources ETF
PHO
$2.05B
| $303K | ﹤0.01% |
+4,300
| New | +$310K |
|
9925
PUT
Ascent Industries
ACNT
$136M
| $303K | ﹤0.01% |
+18,700
| New | +$257K |
|
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.