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 | |
|---|---|---|---|---|---|---|
|
LFDR
10601
LifeX Durable Income ETF
LFDR
$826K
| $226K | ﹤0.01% |
1,192
-196
| -14% | -$37.8K |
|
|
ACOG
10602
Alpha Cognition
ACOG
$190M
| $226K | ﹤0.01% |
+34,706
| New | +$219K |
|
10603
CALL
Voyager Therapeutics
VYGR
$197M
| $226K | ﹤0.01% |
57,400
+17,100
| +42% | +$75.6K |
|
10604
FT Vest US Equity Moderate Buffer ETF March
GMAR
$397M
| $226K | ﹤0.01% |
5,509
-10,123
| -65% | -$409K |
|
10605
PUT
Natural Gas Services Group
NGS
$489M
| $225K | ﹤0.01% |
+6,700
| New | +$200K |
|
10606
Progyny
PGNY
$2.01B
| $225K | ﹤0.01% |
+8,778
| New | +$202K |
|
|
NWAX.U
10607
New America Acquisition I Corp Units
NWAX.U
| $225K | ﹤0.01% |
+21,645
| New | +$225K |
|
10608
Bally's
BALY
$674M
| $225K | ﹤0.01% |
+13,638
| New | +$223K |
|
10609
Global X US Cash Flow Kings 100 ETF
FLOW
$32M
| $225K | ﹤0.01% |
+6,254
| New | +$219K |
|
|
ORBS
10610
CALL
Eightco Holdings
ORBS
$282M
| $225K | ﹤0.01% |
+130,200
| New | +$611K |
|
10611
PUT
Arlo Technologies
ARLO
$1.55B
| $225K | ﹤0.01% |
16,100
-35,200
| -69% | -$554K |
|
10612
Regenxbio
RGNX
$706M
| $225K | ﹤0.01% |
15,624
-75,684
| -83% | -$943K |
|
10613
PUT
Annexon
ANNX
$873M
| $225K | ﹤0.01% |
44,800
+28,700
| +178% | +$110K |
|
10614
PUT
Editas Medicine
EDIT
$432M
| $225K | ﹤0.01% |
109,700
+46,200
| +73% | +$133K |
|
10615
VanEck Biotech ETF
BBH
$423M
| $225K | ﹤0.01% |
1,188
-8,166
| -87% | -$1.51M |
|
|
PAL
10616
CALL
Proficient Auto Logistics
PAL
$155M
| $225K | ﹤0.01% |
+23,300
| New | +$183K |
|
10617
PUT
Insperity
NSP
$1.99B
| $225K | ﹤0.01% |
5,800
-12,000
| -67% | -$479K |
|
|
NFGC
10618
PUT
New Found Gold
NFGC
$645M
| $225K | ﹤0.01% |
+75,600
| New | +$186K |
|
10619
Doximity
DOCS
$4.47B
| $225K | ﹤0.01% |
+5,070
| New | +$285K |
|
10620
Invesco FTSE RAFI US 1500 Small-Mid ETF
PRFZ
$2.92B
| $224K | ﹤0.01% |
+4,889
| New | +$223K |
|
10621
KVH Industries
KVHI
$144M
| $224K | ﹤0.01% |
+32,163
| New | +$194K |
|
10622
AerSale
ASLE
$278M
| $224K | ﹤0.01% |
31,519
+10,010
| +47% | +$70.3K |
|
10623
Manulife Financial
MFC
$73.6B
| $224K | ﹤0.01% |
+6,175
| New | +$210K |
|
|
CVGW
10624
CALL
DELISTED
Calavo Growers
CVGW
| $224K | ﹤0.01% |
10,300
-16,900
| -62% | -$375K |
|
10625
Perspective Therapeutics
CATX
$364M
| $224K | ﹤0.01% |
81,441
+30,137
| +59% | +$86K |
|
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.