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 | |
|---|---|---|---|---|---|---|
9951
WhiteHorse Finance
WHF
$152M
| $299K | ﹤0.01% |
43,037
+29,881
| +227% | +$213K |
|
|
QGRD
9952
Horizon Nasdaq-100 Defined Risk ETF
QGRD
$161M
| $299K | ﹤0.01% |
11,220
-5,296
| -32% | -$144K |
|
9953
VanEck Africa Index ETF
AFK
$103M
| $299K | ﹤0.01% |
+11,181
| New | +$277K |
|
9954
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.29B
| $299K | ﹤0.01% |
4,655
-22,364
| -83% | -$1.51M |
|
9955
Direxion Daily 7-10 Year Treasury Bull 3X ETF
TYD
$31.9M
| $299K | ﹤0.01% |
11,754
-26,540
| -69% | -$691K |
|
9956
Mistras Group
MG
$576M
| $299K | ﹤0.01% |
23,619
-13,943
| -37% | -$157K |
|
|
HELP
9957
PUT
Cybin Inc
HELP
$743M
| $299K | ﹤0.01% |
36,500
+10,700
| +41% | +$68.9K |
|
9958
PUT
Riley Exploration Permian
REPX
$800M
| $298K | ﹤0.01% |
11,300
-5,100
| -31% | -$136K |
|
9959
Kenon Holdings
KEN
$3.46B
| $298K | ﹤0.01% |
+4,493
| New | +$250K |
|
9960
Smart Sand
SND
$219M
| $298K | ﹤0.01% |
74,479
+60,881
| +448% | +$172K |
|
9961
PUT
Honda
HMC
$41B
| $298K | ﹤0.01% |
10,100
-28,500
| -74% | -$865K |
|
9962
STRATTEC Security
STRT
$348M
| $298K | ﹤0.01% |
+3,908
| New | +$280K |
|
9963
Affiliated Managers Group
AMG
$9.89B
| $298K | ﹤0.01% |
1,032
-847
| -45% | -$219K |
|
9964
PUT
iShares US Digital Infrastructure and Real Estate ETF
IDGT
$549M
| $298K | ﹤0.01% |
+3,500
| New | +$305K |
|
9965
Enterprise Products Partners
EPD
$84B
| $297K | ﹤0.01% |
9,273
-9,502
| -51% | -$300K |
|
|
ARI
9966
PUT
Apollo Commercial Real Estate
ARI
$876M
| $297K | ﹤0.01% |
30,700
-71,200
| -70% | -$712K |
|
|
QVCGA
9967
CALL
DELISTED
QVC Group Inc Series A
QVCGA
| $297K | ﹤0.01% |
28,400
-12,100
| -30% | -$132K |
|
9968
PUT
Akebia Therapeutics
AKBA
$242M
| $297K | ﹤0.01% |
184,500
+134,300
| +268% | +$281K |
|
9969
Saratoga Investment
SAR
$304M
| $297K | ﹤0.01% |
12,875
+2,529
| +24% | +$57.3K |
|
9970
Resources Connection
RGP
$145M
| $297K | ﹤0.01% |
58,860
+14,066
| +31% | +$67.1K |
|
9971
PUT
Adecoagro
AGRO
$1.29B
| $297K | ﹤0.01% |
37,400
+22,900
| +158% | +$180K |
|
9972
Ciena
CIEN
$60.7B
| $297K | ﹤0.01% |
1,268
-48,747
| -97% | -$9.46M |
|
9973
Franklin Investment Grade Corporate ETF
FLCO
$556M
| $296K | ﹤0.01% |
13,695
-46,412
| -77% | -$1.01M |
|
9974
CALL
iShares US Industrials ETF
IYJ
$1.97B
| $296K | ﹤0.01% |
2,000
-2,000
| -50% | -$292K |
|
9975
CALL
iShares Russell Mid-Cap Value ETF
IWS
$16.1B
| $296K | ﹤0.01% |
2,100
-15,100
| -88% | -$2.11M |
|
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.