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 | |
|---|---|---|---|---|---|---|
|
MAPS
11126
DELISTED
WM TECHNOLOGY INC A
MAPS
| $157K | ﹤0.01% |
190,417
-114,254
| -38% | -$112K |
|
11127
PUT
Douglas Elliman
DOUG
$184M
| $157K | ﹤0.01% |
66,200
+26,300
| +66% | +$67.6K |
|
|
GME.WS
11128
GameStop Corp Warrants
GME.WS
| $157K | ﹤0.01% |
+52,116
| New | +$162K |
|
11129
PUT
Lexicon Pharmaceuticals
LXRX
$1.04B
| $157K | ﹤0.01% |
136,100
+4,700
| +4% | +$6.46K |
|
11130
Neuropace
NPCE
$500M
| $156K | ﹤0.01% |
+10,121
| New | +$135K |
|
|
TRUE
11131
PUT
DELISTED
TrueCar
TRUE
| $156K | ﹤0.01% |
+69,100
| New | +$148K |
|
11132
Valens Semiconductor
VLN
$210M
| $156K | ﹤0.01% |
109,933
-20,480
| -16% | -$33.8K |
|
|
MLCI
11133
CALL
Mount Logan Capital Inc
MLCI
$29.7M
| $156K | ﹤0.01% |
18,900
-28,300
| -60% | -$220K |
|
|
IAF
11134
abrdn Australia Equity Fund
IAF
$128M
| $156K | ﹤0.01% |
+12,058
| New | +$159K |
|
11135
Ocean Power Technologies
OPTT
$55.4M
| $156K | ﹤0.01% |
518,438
-237,371
| -31% | -$107K |
|
11136
PUT
NET Power
NPWR
$144M
| $155K | ﹤0.01% |
68,200
-59,000
| -46% | -$184K |
|
11137
PUT
Savers
SVV
$1.65B
| $155K | ﹤0.01% |
+16,600
| New | +$171K |
|
11138
CALL
Hyliion Holdings
HYLN
$734M
| $155K | ﹤0.01% |
84,100
-18,400
| -18% | -$37.1K |
|
|
FISK
11139
Empire State Realty OP LP Series 250
FISK
$1.31B
| $155K | ﹤0.01% |
23,637
-980
| -4% | -$6.82K |
|
|
RSVR
11140
Reservoir Media
RSVR
$646M
| $155K | ﹤0.01% |
20,417
-25,971
| -56% | -$195K |
|
|
NBH
11141
Neuberger Municipal Fund Inc
NBH
$302M
| $155K | ﹤0.01% |
+15,272
| New | +$157K |
|
11142
CALL
Mativ Holdings
MATV
$690M
| $154K | ﹤0.01% |
12,700
-9,000
| -41% | -$106K |
|
11143
CALL
Direxion Daily Real Estate Bull 3X ETF
DRN
$45M
| $154K | ﹤0.01% |
18,100
-69,500
| -79% | -$625K |
|
11144
Travelzoo
TZOO
$75.5M
| $154K | ﹤0.01% |
21,605
-870
| -4% | -$7.04K |
|
|
NA
11145
CALL
Nano Labs
NA
$42M
| $153K | ﹤0.01% |
48,700
-51,600
| -51% | -$222K |
|
11146
CALL
eHealth
EHTH
$39.7M
| $153K | ﹤0.01% |
+33,300
| New | +$147K |
|
11147
Armata Pharmaceuticals
ARMP
$158M
| $153K | ﹤0.01% |
+24,360
| New | +$134K |
|
11148
ProShares UltraShort Industrials
SIJ
$5.53M
| $153K | ﹤0.01% |
+6,751
| New | +$157K |
|
11149
Ecovyst
ECVT
$1.09B
| $153K | ﹤0.01% |
+15,710
| New | +$137K |
|
11150
PUT
EverCommerce
EVCM
$1.76B
| $153K | ﹤0.01% |
+12,600
| New | +$134K |
|
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.