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 | |
|---|---|---|---|---|---|---|
|
PCM
11326
PCM Fund
PCM
$70M
| $124K | ﹤0.01% |
+20,246
| New | +$127K |
|
11327
CALL
Inovio Pharmaceuticals
INO
$93M
| $124K | ﹤0.01% |
71,300
-106,100
| -60% | -$234K |
|
|
USOY
11328
Defiance Oil Enhanced Options Income ETF
USOY
$61.2M
| $124K | ﹤0.01% |
+19,067
| New | +$134K |
|
11329
CALL
Thryv Holdings
THRY
$96.9M
| $124K | ﹤0.01% |
20,500
-6,600
| -24% | -$52.2K |
|
11330
Spire Global
SPIR
$540M
| $123K | ﹤0.01% |
16,455
-200,437
| -92% | -$1.96M |
|
11331
Traeger
COOK
$166M
| $123K | ﹤0.01% |
2,276
-227
| -9% | -$11K |
|
11332
Kelly Services Class A
KELYA
$566M
| $123K | ﹤0.01% |
13,964
-3,507
| -20% | -$35.7K |
|
|
DDL
11333
PUT
Dingdong
DDL
$512M
| $123K | ﹤0.01% |
49,300
+35,500
| +257% | +$70.7K |
|
11334
Unisys
UIS
$210M
| $123K | ﹤0.01% |
44,430
-70,978
| -62% | -$222K |
|
11335
Energy Services of America
ESOA
$233M
| $122K | ﹤0.01% |
+14,989
| New | +$144K |
|
11336
Nordic American Tanker
NAT
$1.4B
| $122K | ﹤0.01% |
35,586
-123,398
| -78% | -$436K |
|
11337
Nuveen New York Municipal Value Fund
NNY
$158M
| $122K | ﹤0.01% |
14,288
-389
| -3% | -$3.29K |
|
|
OTGAU
11338
OTG Acquisition Corp I Unit
OTGAU
| $122K | ﹤0.01% |
+11,996
| New | +$122K |
|
|
BULG
11339
Leverage Shares 2X Long BULL Daily ETF
BULG
$7.02M
| $122K | ﹤0.01% |
+1,889
| New | +$228K |
|
|
MYD
11340
DELISTED
BlackRock MuniYield Fund
MYD
| $122K | ﹤0.01% |
+11,614
| New | +$122K |
|
11341
PUT
Solana Company
HSDT
$105M
| $122K | ﹤0.01% |
+42,100
| New | +$278K |
|
11342
PUT
Pliant Therapeutics
PLRX
$66.9M
| $121K | ﹤0.01% |
99,500
+13,200
| +15% | +$19.8K |
|
11343
Usio Inc
USIO
$71.5M
| $121K | ﹤0.01% |
+89,145
| New | +$127K |
|
11344
CALL
Lexeo Therapeutics
LXEO
$407M
| $121K | ﹤0.01% |
+12,200
| New | +$111K |
|
|
MVT
11345
DELISTED
BlackRock MuniVest Fund II
MVT
| $121K | ﹤0.01% |
+11,202
| New | +$120K |
|
11346
PUT
IZEA Worldwide
IZEA
$53.8M
| $121K | ﹤0.01% |
+27,600
| New | +$134K |
|
11347
CALL
AC Immune
ACIU
$262M
| $121K | ﹤0.01% |
+38,400
| New | +$121K |
|
11348
PUT
Travelzoo
TZOO
$74.4M
| $120K | ﹤0.01% |
16,900
+1,500
| +10% | +$12.1K |
|
|
11349
PUT
Lexeo Therapeutics
LXEO
$407M
| $120K | ﹤0.01% |
12,100
-800
| -6% | -$7.3K |
|
|
TAVIU
11350
Tavia Acquisition Corp Unit
TAVIU
$112M
| $120K | ﹤0.01% |
+11,439
| New | +$121K |
|
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.