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 | |
|---|---|---|---|---|---|---|
|
VFL
11026
DELISTED
abrdn National Municipal Income Fund
VFL
| $174K | ﹤0.01% |
+16,952
| New | +$173K |
|
|
RFAI
11027
RF Acquisition Corp II
RFAI
$92.4M
| $174K | ﹤0.01% |
16,150
+3,808
| +31% | +$40.8K |
|
|
BHR
11028
PUT
Braemar Hotels & Resorts
BHR
$139M
| $174K | ﹤0.01% |
+60,600
| New | +$163K |
|
11029
CALL
Select Water Solutions
WTTR
$2.73B
| $174K | ﹤0.01% |
+16,500
| New | +$178K |
|
11030
TFS Financial
TFSL
$4.89B
| $172K | ﹤0.01% |
12,881
-15,002
| -54% | -$205K |
|
11031
CALL
Candel Therapeutics
CADL
$865M
| $172K | ﹤0.01% |
30,500
-48,300
| -61% | -$260K |
|
|
ACFN
11032
Acorn Energy
ACFN
$46.1M
| $172K | ﹤0.01% |
+11,400
| New | +$219K |
|
11033
PUT
United States 12 Month Natural Gas Fund
UNL
$13.3M
| $172K | ﹤0.01% |
23,300
+13,300
| +133% | +$106K |
|
|
MCW
11034
DELISTED
Mister Car Wash
MCW
| $172K | ﹤0.01% |
+30,924
| New | +$163K |
|
11035
Flywire
FLYW
$2.22B
| $172K | ﹤0.01% |
12,141
-76,675
| -86% | -$1.05M |
|
11036
Phunware
PHUN
$43.4M
| $172K | ﹤0.01% |
+92,887
| New | +$216K |
|
11037
Seer Inc
SEER
$116M
| $172K | ﹤0.01% |
93,876
-29,571
| -24% | -$60.3K |
|
11038
Lesaka Technologies
LSAK
$408M
| $172K | ﹤0.01% |
35,997
+18,276
| +103% | +$76.1K |
|
11039
Arbor Realty Trust
ABR
$981M
| $171K | ﹤0.01% |
22,096
-395,642
| -95% | -$3.88M |
|
|
XIFR
11040
XPLR Infrastructure LP
XIFR
$1.08B
| $171K | ﹤0.01% |
+17,145
| New | +$166K |
|
11041
Monte Rosa Therapeutics
GLUE
$1.36B
| $171K | ﹤0.01% |
10,907
-5,279
| -33% | -$71.1K |
|
|
PTRN
11042
CALL
Pattern Group Inc
PTRN
$3.98B
| $171K | ﹤0.01% |
+14,800
| New | +$215K |
|
11043
ALX Oncology
ALXO
$278M
| $171K | ﹤0.01% |
151,027
+37,964
| +34% | +$57.5K |
|
11044
Pebblebrook Hotel Trust
PEB
$2.04B
| $171K | ﹤0.01% |
15,069
-30,016
| -67% | -$330K |
|
|
RFMZ
11045
RiverNorth Flexible Municipal Income Fund II
RFMZ
$326M
| $170K | ﹤0.01% |
+13,460
| New | +$174K |
|
|
OPTU
11046
Optimum Communications Inc
OPTU
$227M
| $170K | ﹤0.01% |
103,184
-17,598
| -15% | -$35.8K |
|
11047
Oportun Financial
OPRT
$346M
| $170K | ﹤0.01% |
32,161
+1,896
| +6% | +$10K |
|
11048
CALL
Achieve Life Sciences
ACHV
$744M
| $170K | ﹤0.01% |
34,200
-37,900
| -53% | -$165K |
|
11049
CALL
Ranpak Holdings
PACK
$464M
| $170K | ﹤0.01% |
31,400
-51,300
| -62% | -$270K |
|
|
SMU
11050
Tradr 2X Long SMR Daily ETF
SMU
$56.9M
| $170K | ﹤0.01% |
+5,474
| New | +$1.04M |
|
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.