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 | |
|---|---|---|---|---|---|---|
10726
CALL
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $215K | ﹤0.01% |
+1,500
| New | +$214K |
|
|
RAYJ
10727
DELISTED
Rayliant SMDAM Japan Equity ETF
RAYJ
| $215K | ﹤0.01% |
+6,584
| New | +$222K |
|
10728
CALL
Personalis
PSNL
$1.51B
| $215K | ﹤0.01% |
27,000
-34,000
| -56% | -$297K |
|
10729
CBAK Energy Technology Ltd
CBAT
$62.6M
| $215K | ﹤0.01% |
257,241
-340,689
| -57% | -$314K |
|
10730
Honda
HMC
$40.7B
| $215K | ﹤0.01% |
7,287
-2,046
| -22% | -$62.1K |
|
10731
CALL
iShares MSCI ACWI ex US ETF
ACWX
$12B
| $215K | ﹤0.01% |
+3,200
| New | +$212K |
|
10732
Tenet Healthcare
THC
$21.5B
| $215K | ﹤0.01% |
1,081
-44,649
| -98% | -$9.02M |
|
10733
Seneca Foods Class A
SENEA
$1.29B
| $215K | ﹤0.01% |
+1,940
| New | +$222K |
|
10734
CALL
Invesco Dorsey Wright Technology Momentum ETF
PTF
$668M
| $214K | ﹤0.01% |
2,800
-5,000
| -64% | -$390K |
|
10735
Myomo
MYO
$65M
| $214K | ﹤0.01% |
235,322
+181,450
| +337% | +$174K |
|
|
ANGX
10736
CALL
Angel Studios
ANGX
$792M
| $214K | ﹤0.01% |
+45,800
| New | +$271K |
|
10737
Barnes & Noble Education
BNED
$418M
| $213K | ﹤0.01% |
+23,225
| New | +$205K |
|
10738
Phibro Animal Health
PAHC
$1.4B
| $213K | ﹤0.01% |
5,711
-41,241
| -88% | -$1.68M |
|
|
BRSP
10739
PUT
BrightSpire Capital
BRSP
$633M
| $213K | ﹤0.01% |
38,100
+26,600
| +231% | +$146K |
|
|
GEW
10740
Cambria Global EW ETF
GEW
$146M
| $213K | ﹤0.01% |
+4,149
| New | +$211K |
|
10741
Lincoln National
LNC
$8.76B
| $213K | ﹤0.01% |
4,789
-194,374
| -98% | -$8.1M |
|
10742
iPath Series B S&P 500 VIX Mid-Term Futures ETN
VXZ
$30.4M
| $213K | ﹤0.01% |
+3,980
| New | +$223K |
|
10743
Matthews Emerging Markets ex China Active ETF
MEMX
$53M
| $213K | ﹤0.01% |
5,683
-6,661
| -54% | -$242K |
|
10744
PGIM AAA CLO ETF
PAAA
$11.3B
| $213K | ﹤0.01% |
+4,148
| New | +$213K |
|
10745
Waterstone Financial
WSBF
$384M
| $213K | ﹤0.01% |
+12,842
| New | +$201K |
|
10746
Kinetik
KNTK
$4.32B
| $212K | ﹤0.01% |
5,892
-46,294
| -89% | -$1.67M |
|
10747
Global Partners
GLP
$1.7B
| $212K | ﹤0.01% |
5,073
-11,551
| -69% | -$509K |
|
10748
PUT
Neonode
NEON
$16.1M
| $212K | ﹤0.01% |
121,900
+24,600
| +25% | +$65.1K |
|
10749
Oil States International
OIS
$543M
| $212K | ﹤0.01% |
31,303
+4,005
| +15% | +$25.7K |
|
10750
Enovis
ENOV
$1.52B
| $212K | ﹤0.01% |
7,951
-72,888
| -90% | -$2.15M |
|
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.