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 | |
|---|---|---|---|---|---|---|
|
RSVR
11201
PUT
Reservoir Media
RSVR
$646M
| $145K | ﹤0.01% |
19,100
-338,400
| -95% | -$2.54M |
|
|
ABX
11202
CALL
Abacus Global Management
ABX
$833M
| $144K | ﹤0.01% |
16,900
-18,600
| -52% | -$122K |
|
11203
Inogen
INGN
$154M
| $144K | ﹤0.01% |
21,413
-8,380
| -28% | -$62.9K |
|
11204
Unicycive Therapeutics
UNCY
$150M
| $144K | ﹤0.01% |
+24,931
| New | +$133K |
|
11205
Boston Omaha
BOC
$436M
| $144K | ﹤0.01% |
11,628
-1,765
| -13% | -$23K |
|
11206
Crescent Capital BDC
CCAP
$408M
| $144K | ﹤0.01% |
+10,236
| New | +$145K |
|
11207
CALL
El Pollo Loco
LOCO
$463M
| $143K | ﹤0.01% |
13,700
| – | – |
|
11208
CALL
Wrap Technologies
WRAP
$96.9M
| $143K | ﹤0.01% |
60,200
+13,600
| +29% | +$32.8K |
|
|
FFWM
11209
CALL
DELISTED
First Foundation Inc
FFWM
| $143K | ﹤0.01% |
23,200
-20,900
| -47% | -$117K |
|
11210
PUT
VirTra
VTSI
$37.3M
| $143K | ﹤0.01% |
34,000
-82,900
| -71% | -$433K |
|
|
BAIG
11211
Leverage Shares 2X Long BBAI Daily ETF
BAIG
$9.86M
| $143K | ﹤0.01% |
1,639
-99
| -6% | -$16K |
|
11212
SOPHiA GENETICS
SOPH
$644M
| $142K | ﹤0.01% |
30,511
+12,032
| +65% | +$54.5K |
|
|
PFO
11213
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
| $142K | ﹤0.01% |
+15,075
| New | +$144K |
|
|
BZAI
11214
PUT
Blaize Holdings
BZAI
$166M
| $142K | ﹤0.01% |
73,000
-5,400
| -7% | -$17.5K |
|
11215
ReNew
RNW
$2.48B
| $142K | ﹤0.01% |
25,194
-15,050
| -37% | -$109K |
|
11216
CALL
GraniteShares 2x Short NVDA Daily ETF
NVD
$48.6M
| $142K | ﹤0.01% |
19,900
-463,000
| -96% | -$3.87M |
|
11217
Nuvation Bio
NUVB
$2.25B
| $142K | ﹤0.01% |
15,862
-802,917
| -98% | -$4.97M |
|
11218
Summit State Bank
SSBI
$87.4M
| $142K | ﹤0.01% |
12,206
-1,768
| -13% | -$20K |
|
|
DENN
11219
PUT
DELISTED
Denny's
DENN
| $142K | ﹤0.01% |
22,800
-42,300
| -65% | -$240K |
|
|
FCRS.U
11220
FutureCrest Acquisition Corp Units
FCRS.U
| $142K | ﹤0.01% |
13,841
-2,776
| -17% | -$28.9K |
|
11221
PUT
Evolent Health
EVH
$471M
| $141K | ﹤0.01% |
35,300
-23,400
| -40% | -$130K |
|
11222
Research Solutions
RSSS
$74.6M
| $141K | ﹤0.01% |
48,002
+21,927
| +84% | +$68.4K |
|
|
MEME
11223
CALL
Roundhill Meme Stock ETF
MEME
$15M
| $141K | ﹤0.01% |
+22,700
| New | +$172K |
|
11224
CALL
Pliant Therapeutics
PLRX
$66.3M
| $141K | ﹤0.01% |
115,300
+58,800
| +104% | +$88.3K |
|
|
CXH
11225
DELISTED
MFS Investment Grade Municipal Trust
CXH
| $140K | ﹤0.01% |
17,668
+1,854
| +12% | +$14.7K |
|
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.