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 | |
|---|---|---|---|---|---|---|
|
HPF
10901
John Hancock Preferred Income Fund II
HPF
$344M
| $196K | ﹤0.01% |
+12,172
| New | +$200K |
|
|
PPI
10902
AXS Astoria Inflation Sensitive ETF
PPI
$163M
| $195K | ﹤0.01% |
+10,472
| New | +$195K |
|
|
JFIN
10903
CALL
Jiayin Group
JFIN
$120M
| $195K | ﹤0.01% |
33,600
-2,300
| -6% | -$19.4K |
|
|
CRDL
10904
Cardiol Therapeutics
CRDL
$194M
| $194K | ﹤0.01% |
203,726
+110,328
| +118% | +$116K |
|
10905
Vor Biopharma
VOR
$1.33B
| $194K | ﹤0.01% |
+14,819
| New | +$276K |
|
10906
Playboy Inc
PLBY
$152M
| $194K | ﹤0.01% |
103,066
-57,015
| -36% | -$93.2K |
|
10907
Outdoor Holding Co
POWW
$254M
| $193K | ﹤0.01% |
113,149
+49,129
| +77% | +$84.5K |
|
|
BGB
10908
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
| $193K | ﹤0.01% |
+16,424
| New | +$194K |
|
|
ARDT
10909
CALL
Ardent Health
ARDT
$1.55B
| $193K | ﹤0.01% |
21,900
-3,700
| -14% | -$42.8K |
|
|
XXI
10910
Twenty One Capital Inc
XXI
$1.67B
| $193K | ﹤0.01% |
+22,047
| New | +$230K |
|
10911
PUT
Aspen Aerogels
ASPN
$497M
| $193K | ﹤0.01% |
68,200
+1,900
| +3% | +$9.8K |
|
10912
PUT
Blend Labs
BLND
$357M
| $193K | ﹤0.01% |
63,400
-113,900
| -64% | -$363K |
|
10913
Sunstone Hotel Investors
SHO
$2.05B
| $193K | ﹤0.01% |
21,555
-38,973
| -64% | -$357K |
|
10914
CALL
CuriosityStream
CURI
$218M
| $193K | ﹤0.01% |
50,700
-46,300
| -48% | -$206K |
|
10915
PUT
Flywire
FLYW
$2.23B
| $193K | ﹤0.01% |
13,600
-137,000
| -91% | -$1.88M |
|
|
ACP
10916
abrdn Income Credit Strategies Fund
ACP
$645M
| $192K | ﹤0.01% |
35,515
-12,795
| -26% | -$70.4K |
|
10917
PUT
AudioCodes
AUDC
$254M
| $192K | ﹤0.01% |
22,000
-82,800
| -79% | -$754K |
|
|
PAL
10918
Proficient Auto Logistics
PAL
$155M
| $192K | ﹤0.01% |
19,919
-18,338
| -48% | -$144K |
|
10919
Jasper Therapeutics
JSPR
$28.4M
| $192K | ﹤0.01% |
104,787
+69,195
| +194% | +$139K |
|
|
NFXS
10920
Direxion Daily NFLX Bear 1X ETF
NFXS
$4.41M
| $192K | ﹤0.01% |
11,100
+275
| +3% | +$4.22K |
|
10921
Polen Capital Global Growth ETF
PCGG
$6.1M
| $191K | ﹤0.01% |
+15,988
| New | +$194K |
|
10922
Hope Bancorp
HOPE
$1.86B
| $191K | ﹤0.01% |
17,418
-23,651
| -58% | -$255K |
|
|
IBAC
10923
IB Acquisition Corp
IBAC
$54.1M
| $191K | ﹤0.01% |
18,172
-6,939
| -28% | -$72.6K |
|
|
STKE
10924
CALL
Sol Strategies Inc
STKE
$40.3M
| $191K | ﹤0.01% |
124,700
+65,800
| +112% | +$190K |
|
10925
CALL
Newmark Group
NMRK
$2.75B
| $191K | ﹤0.01% |
11,000
-11,700
| -52% | -$205K |
|
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.