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 | |
|---|---|---|---|---|---|---|
11251
CALL
Corsair Gaming
CRSR
$1.4B
| $135K | ﹤0.01% |
22,800
-451,400
| -95% | -$3.14M |
|
11252
Dare Bioscience
DARE
$20.5M
| $135K | ﹤0.01% |
70,021
+9,800
| +16% | +$19.6K |
|
11253
CALL
Lifecore Biomedical
LFCR
$181M
| $135K | ﹤0.01% |
+16,500
| New | +$122K |
|
11254
CION Investment
CION
$370M
| $135K | ﹤0.01% |
+13,956
| New | +$135K |
|
11255
PUT
Yext
YEXT
$574M
| $135K | ﹤0.01% |
16,700
-164,400
| -91% | -$1.38M |
|
11256
LG Display
LPL
$3.46B
| $135K | ﹤0.01% |
31,968
-96,182
| -75% | -$449K |
|
11257
PUT
Savara
SVRA
$1.17B
| $134K | ﹤0.01% |
22,200
-2,700
| -11% | -$13.2K |
|
11258
PUT
Titan International
TWI
$450M
| $133K | ﹤0.01% |
17,000
-12,100
| -42% | -$94.8K |
|
|
MTA
11259
PUT
Metalla Royalty & Streaming
MTA
$854M
| $133K | ﹤0.01% |
17,100
-37,800
| -69% | -$272K |
|
|
SQNS
11260
Sequans Communications SA
SQNS
$43.5M
| $133K | ﹤0.01% |
29,611
-16,521
| -36% | -$111K |
|
|
HIO
11261
Western Asset High Income Opportunity Fund
HIO
$340M
| $133K | ﹤0.01% |
35,822
-69,355
| -66% | -$263K |
|
11262
Gyrodyne
GYRO
$11.8M
| $133K | ﹤0.01% |
14,721
+535
| +4% | +$5.17K |
|
11263
Offerpad Solutions
OPAD
$22.5M
| $133K | ﹤0.01% |
10,969
-36,331
| -77% | -$804K |
|
11264
American Outdoor Brands
AOUT
$159M
| $133K | ﹤0.01% |
+17,164
| New | +$127K |
|
11265
PUT
Ring Energy
REI
$354M
| $133K | ﹤0.01% |
152,500
-7,300
| -5% | -$6.96K |
|
11266
PUT
ARKO Corp
ARKO
$500M
| $133K | ﹤0.01% |
29,200
+10,400
| +55% | +$46.6K |
|
|
SRTA
11267
Strata Critical Medical Inc
SRTA
$533M
| $132K | ﹤0.01% |
27,520
+7,969
| +41% | +$38.5K |
|
11268
Invesco Municipal Opportunity Trust
VMO
$662M
| $132K | ﹤0.01% |
+13,798
| New | +$133K |
|
11269
CALL
Allogene Therapeutics
ALLO
$714M
| $132K | ﹤0.01% |
96,200
+48,200
| +100% | +$63.6K |
|
11270
Butterfly Network
BFLY
$2.36B
| $132K | ﹤0.01% |
34,670
-1,011,956
| -97% | -$2.75M |
|
11271
CALL
Ceragon Networks
CRNT
$201M
| $132K | ﹤0.01% |
+62,700
| New | +$140K |
|
|
ILPT
11272
Industrial Logistics Properties Trust
ILPT
$605M
| $131K | ﹤0.01% |
+23,732
| New | +$131K |
|
11273
Atomera
ATOM
$216M
| $131K | ﹤0.01% |
59,446
-215,837
| -78% | -$652K |
|
|
VACHU
11274
DELISTED
Voyager Acquisition Corp Unit
VACHU
| $131K | ﹤0.01% |
+11,433
| New | +$123K |
|
|
EIM
11275
Eaton Vance Municipal Bond Fund
EIM
$497M
| $131K | ﹤0.01% |
+13,491
| New | +$133K |
|
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.