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 | |
|---|---|---|---|---|---|---|
11401
Evolution Petroleum
EPM
$135M
| $110K | ﹤0.01% |
+31,079
| New | +$131K |
|
|
CD
11402
Chaince Digital Holdings
CD
$377M
| $110K | ﹤0.01% |
22,134
-27,266
| -55% | -$316K |
|
11403
BuzzFeed
BZFD
$95M
| $110K | ﹤0.01% |
118,239
-235,854
| -67% | -$298K |
|
11404
Hennessy Advisors
HNNA
$79M
| $109K | ﹤0.01% |
11,406
-15,147
| -57% | -$150K |
|
11405
CALL
Neumora Therapeutics
NMRA
$321M
| $109K | ﹤0.01% |
61,100
+24,600
| +67% | +$53.9K |
|
11406
CALL
Douglas Elliman
DOUG
$183M
| $109K | ﹤0.01% |
46,100
-4,400
| -9% | -$11.3K |
|
11407
ProShares UltraShort MidCap400
MZZ
$2.32M
| $109K | ﹤0.01% |
13,765
+2,558
| +23% | +$21K |
|
11408
CALL
CEMIG Preferred Shares
CIG
$5.58B
| $109K | ﹤0.01% |
54,500
+23,300
| +75% | +$47.7K |
|
|
KLRS
11409
Kalaris Therapeutics
KLRS
$92.4M
| $109K | ﹤0.01% |
+12,856
| New | +$82.2K |
|
|
SNBR
11410
CALL
DELISTED
Sleep Number
SNBR
| $108K | ﹤0.01% |
12,800
-67,900
| -84% | -$429K |
|
11411
Cognition Therapeutics
CGTX
$98.9M
| $108K | ﹤0.01% |
+79,993
| New | +$130K |
|
|
ARBK
11412
Argo Blockchain
ARBK
$42.3M
| $108K | ﹤0.01% |
31,564
+31,040
| +5,924% | +$1.99M |
|
|
IRHOU
11413
Iron Horse Acquisitions II Corp Units
IRHOU
| $107K | ﹤0.01% |
+10,791
| New | +$107K |
|
|
LITS
11414
Lite Strategy Inc
LITS
$30.5M
| $107K | ﹤0.01% |
81,202
-44,220
| -35% | -$83.5K |
|
11415
Gray Television
GTN
$520M
| $107K | ﹤0.01% |
22,071
-172,617
| -89% | -$845K |
|
|
CVAC
11416
DELISTED
CureVac
CVAC
| $107K | ﹤0.01% |
23,604
-6,655
| -22% | -$34.1K |
|
11417
PUT
Cato Corp
CATO
$66.7M
| $107K | ﹤0.01% |
34,500
-14,900
| -30% | -$54.8K |
|
11418
CALL
National CineMedia
NCMI
$252M
| $107K | ﹤0.01% |
27,400
+15,200
| +125% | +$63K |
|
|
SVA
11419
DELISTED
Sinovac Biotech, Ltd
SVA
| $106K | ﹤0.01% |
16,430
| – | – |
|
11420
Security National Financial
SNFCA
$241M
| $106K | ﹤0.01% |
+12,352
| New | +$99.6K |
|
11421
PUT
Ardmore Shipping
ASC
$707M
| $106K | ﹤0.01% |
+10,000
| New | +$119K |
|
11422
CALL
Akebia Therapeutics
AKBA
$241M
| $105K | ﹤0.01% |
65,300
-55,300
| -46% | -$116K |
|
11423
Broadway Financial
BYFC
$110M
| $105K | ﹤0.01% |
14,155
+1,710
| +14% | +$11.1K |
|
11424
PUT
Hyliion Holdings
HYLN
$734M
| $105K | ﹤0.01% |
56,900
-29,200
| -34% | -$58.8K |
|
|
UYSC
11425
UY Scuti Acquisition Corp
UYSC
| $105K | ﹤0.01% |
10,200
| – | – |
|
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.