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 | |
|---|---|---|---|---|---|---|
11376
908 Devices
MASS
$418M
| $114K | ﹤0.01% |
21,723
-2,055
| -9% | -$14.4K |
|
11377
PUT
Entravision Communication
EVC
$820M
| $114K | ﹤0.01% |
+38,800
| New | +$101K |
|
|
PXIU
11378
DELISTED
T-REX 2X Long UPXI Daily Target ETF
PXIU
| $114K | ﹤0.01% |
+84,763
| New | +$911K |
|
11379
PUT
Horizon Technology Finance
HRZN
$343M
| $114K | ﹤0.01% |
17,600
+4,900
| +39% | +$31.3K |
|
|
SRTA
11380
PUT
Strata Critical Medical Inc
SRTA
$528M
| $114K | ﹤0.01% |
23,600
-380,800
| -94% | -$1.84M |
|
|
SELF
11381
Global Self Storage
SELF
$58.9M
| $113K | ﹤0.01% |
22,246
-9,331
| -30% | -$46.8K |
|
|
AGEN
11382
CALL
Agenus
AGEN
$315M
| $113K | ﹤0.01% |
36,100
-7,300
| -17% | -$29.1K |
|
|
PRT
11383
PermRock Royalty Trust Unit
PRT
$27M
| $113K | ﹤0.01% |
+40,627
| New | +$155K |
|
|
NMG
11384
CALL
Nouveau Monde Graphite
NMG
$494M
| $113K | ﹤0.01% |
+45,700
| New | +$134K |
|
|
PGZ
11385
Principal Real Estate Income Fund
PGZ
$68.3M
| $113K | ﹤0.01% |
+11,301
| New | +$116K |
|
11386
PUT
AudioEye
AEYE
$72.6M
| $113K | ﹤0.01% |
+11,300
| New | +$145K |
|
11387
Tredegar Corp
TG
$278M
| $113K | ﹤0.01% |
15,714
-57,367
| -78% | -$435K |
|
11388
Heritage Global
HGBL
$37.5M
| $113K | ﹤0.01% |
90,836
+48,098
| +113% | +$66.8K |
|
11389
Zedge
ZDGE
$38.9M
| $112K | ﹤0.01% |
+34,297
| New | +$99.3K |
|
|
CNH
11390
PUT
CNH Industrial
CNH
$16.7B
| $112K | ﹤0.01% |
12,200
+1,600
| +15% | +$16K |
|
11391
Actinium Pharmaceuticals
ATNM
$30.2M
| $112K | ﹤0.01% |
82,474
-22,966
| -22% | -$33.5K |
|
|
OLPX
11392
DELISTED
Olaplex Holdings
OLPX
| $112K | ﹤0.01% |
83,691
-41,768
| -33% | -$49.7K |
|
11393
Invesco Municipal Income Opportunities Trust
OIA
$292M
| $112K | ﹤0.01% |
18,611
-415
| -2% | -$2.5K |
|
|
FT
11394
Franklin Universal Trust
FT
$198M
| $111K | ﹤0.01% |
+13,920
| New | +$111K |
|
11395
CALL
Zevia
ZVIA
$101M
| $111K | ﹤0.01% |
47,900
-32,500
| -40% | -$80.7K |
|
11396
Information Services Group
III
$250M
| $111K | ﹤0.01% |
19,224
-3,047
| -14% | -$17.1K |
|
11397
TechTarget
TTGT
$277M
| $111K | ﹤0.01% |
20,567
-18,671
| -48% | -$100K |
|
|
XNET
11398
PUT
Xunlei
XNET
$328M
| $111K | ﹤0.01% |
15,600
-491,400
| -97% | -$3.94M |
|
11399
CryoPort
CYRX
$766M
| $110K | ﹤0.01% |
11,509
-211,560
| -95% | -$2M |
|
11400
MacroGenics
MGNX
$259M
| $110K | ﹤0.01% |
68,541
-155,252
| -69% | -$244K |
|
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.