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 | |
|---|---|---|---|---|---|---|
|
TBHC
11626
DELISTED
The Brand House Collective
TBHC
| $70.1K | ﹤0.01% |
63,766
-45,306
| -42% | -$62.8K |
|
11627
CALL
Savara
SVRA
$1.08B
| $69.9K | ﹤0.01% |
11,600
-2,700
| -19% | -$13.2K |
|
11628
CALL
Opko Health
OPK
$1.04B
| $69.8K | ﹤0.01% |
55,400
-143,700
| -72% | -$200K |
|
|
CVAC
11629
PUT
DELISTED
CureVac
CVAC
| $69.6K | ﹤0.01% |
15,400
-42,100
| -73% | -$216K |
|
|
CYPH
11630
CALL
Cypherpunk Technologies Inc
CYPH
$69.8M
| $69.4K | ﹤0.01% |
59,800
+47,600
| +390% | +$52K |
|
11631
Protalix BioTherapeutics
PLX
$190M
| $69.3K | ﹤0.01% |
38,518
-34,404
| -47% | -$70.3K |
|
11632
Rallybio
RLYB
$90.1M
| $69.1K | ﹤0.01% |
12,591
-4,446
| -26% | -$22.9K |
|
11633
PUT
Caribou Biosciences
CRBU
$160M
| $69K | ﹤0.01% |
43,400
+23,900
| +123% | +$50.2K |
|
11634
Capitol Federal Financial
CFFN
$1.09B
| $68.9K | ﹤0.01% |
10,113
-35,341
| -78% | -$230K |
|
11635
SkinHealth Systems
SKIN
$85.9M
| $68.7K | ﹤0.01% |
+49,442
| New | +$71.5K |
|
|
RNTX
11636
Rein Therapeutics
RNTX
$67.4M
| $68.4K | ﹤0.01% |
58,995
+28,135
| +91% | +$38.8K |
|
11637
CALL
Gerdau
GGB
$9.42B
| $68.3K | ﹤0.01% |
+18,500
| New | +$64.7K |
|
11638
PUT
Intellicheck
IDN
$75.9M
| $68.1K | ﹤0.01% |
10,200
-23,300
| -70% | -$131K |
|
|
NFGC
11639
CALL
New Found Gold
NFGC
$634M
| $67.7K | ﹤0.01% |
+22,800
| New | +$55.9K |
|
11640
PSQ Holdings
PSQH
$14.1M
| $67.5K | ﹤0.01% |
4,369
-6,587
| -60% | -$163K |
|
11641
Accuray
ARAY
$32.9M
| $67.3K | ﹤0.01% |
81,585
-107,803
| -57% | -$135K |
|
11642
Gogoro
GGR
$44.6M
| $67.1K | ﹤0.01% |
+24,491
| New | +$98.7K |
|
11643
Transact Technologies
TACT
$52.5M
| $67K | ﹤0.01% |
16,752
-24,686
| -60% | -$112K |
|
|
DTCX
11644
PUT
Datacentrex Inc
DTCX
$74.6M
| $66.8K | ﹤0.01% |
+24,300
| New | +$103K |
|
11645
Custom Truck One Source
CTOS
$2.33B
| $66.5K | ﹤0.01% |
11,552
-24,119
| -68% | -$147K |
|
|
PPSI
11646
PUT
Pioneer Power Solutions
PPSI
$33.5M
| $66.2K | ﹤0.01% |
14,000
-6,700
| -32% | -$28.1K |
|
11647
Air Industries Group
AIRI
$12.2M
| $66.2K | ﹤0.01% |
+21,563
| New | +$66.3K |
|
|
AIFU
11648
AIFU Inc
AIFU
$218M
| $66.1K | ﹤0.01% |
1,238
+583
| +89% | +$44.9K |
|
11649
PUT
Unisys
UIS
$210M
| $66K | ﹤0.01% |
23,900
-126,500
| -84% | -$395K |
|
|
LFT
11650
Lument Finance Trust
LFT
$36.4M
| $65.8K | ﹤0.01% |
+46,632
| New | +$74.5K |
|
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.