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 | |
|---|---|---|---|---|---|---|
11001
Immatics
IMTX
$1.33B
| $179K | ﹤0.01% |
17,024
-430
| -2% | -$4.34K |
|
11002
PUT
LegalZoom.com
LZ
$930M
| $179K | ﹤0.01% |
18,000
-114,800
| -86% | -$1.14M |
|
11003
CALL
AlTi Global
ALTI
$457M
| $179K | ﹤0.01% |
+38,500
| New | +$159K |
|
|
MIN
11004
Aberdeen Intermediate Income Fund
MIN
$281M
| $179K | ﹤0.01% |
68,423
+38,319
| +127% | +$101K |
|
11005
Accel Entertainment
ACEL
$1B
| $178K | ﹤0.01% |
+15,639
| New | +$165K |
|
|
POLE
11006
Andretti Acquisition Corp II
POLE
$319M
| $178K | ﹤0.01% |
+16,915
| New | +$179K |
|
|
FLNA
11007
CALL
Filana Therapeutics
FLNA
$45.7M
| $178K | ﹤0.01% |
90,000
-178,200
| -66% | -$571K |
|
11008
Immunic
IMUX
$217M
| $178K | ﹤0.01% |
+33,383
| New | +$245K |
|
|
ORGN
11009
DELISTED
Origin Materials
ORGN
| $178K | ﹤0.01% |
28,048
+925
| +3% | +$13.5K |
|
11010
CALL
Ironwood Pharmaceuticals
IRWD
$674M
| $178K | ﹤0.01% |
+52,800
| New | +$137K |
|
11011
CALL
Matrix Service
MTRX
$330M
| $178K | ﹤0.01% |
15,200
-31,400
| -67% | -$395K |
|
|
INACU
11012
Indigo Acquisition Corp Unit
INACU
| $178K | ﹤0.01% |
17,553
-3,717
| -17% | -$37.9K |
|
11013
ProShares UltraShort MSCI Brazil Capped
BZQ
$2.72M
| $178K | ﹤0.01% |
5,796
-5,477
| -49% | -$187K |
|
11014
Nuveen Core Equity Alpha Fund
JCE
$293M
| $177K | ﹤0.01% |
+11,132
| New | +$175K |
|
11015
CALL
Angi Inc
ANGI
$196M
| $177K | ﹤0.01% |
13,700
-10,300
| -43% | -$133K |
|
|
MQT
11016
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $177K | ﹤0.01% |
17,622
+2,566
| +17% | +$25.7K |
|
11017
CALL
Metallus
MTUS
$900M
| $177K | ﹤0.01% |
10,300
-11,200
| -52% | -$192K |
|
11018
Inseego
INSG
$82.6M
| $176K | ﹤0.01% |
+17,160
| New | +$223K |
|
11019
Vivani Medical
VANI
$116M
| $176K | ﹤0.01% |
143,169
+110,855
| +343% | +$160K |
|
11020
VanEck Brazil Small-Cap ETF
BRF
$20.3M
| $176K | ﹤0.01% |
10,980
-4,859
| -31% | -$79.8K |
|
|
KMLI
11021
KraneShares 2x Long MELI Daily ETF
KMLI
$7.49M
| $176K | ﹤0.01% |
12,747
-49,757
| -80% | -$855K |
|
11022
Skillful Craftsman
EDTK
$14.6M
| $176K | ﹤0.01% |
195,153
-1,197
| -0.6% | -$1.21K |
|
11023
Nkarta
NKTX
$165M
| $175K | ﹤0.01% |
94,746
+48,953
| +107% | +$97.9K |
|
11024
CALL
Telos
TLS
$344M
| $174K | ﹤0.01% |
34,200
-157,900
| -82% | -$985K |
|
11025
PUT
Xeris Biopharma Holdings
XERS
$1.52B
| $174K | ﹤0.01% |
22,200
+7,500
| +51% | +$59K |
|
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.