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 | |
|---|---|---|---|---|---|---|
|
AIRJ
11726
CALL
Montana Technologies Corp
AIRJ
$458M
| $53.6K | ﹤0.01% |
+13,600
| New | +$58.8K |
|
11727
Laird Superfood
LSF
$48.2M
| $53.4K | ﹤0.01% |
24,063
-23,483
| -49% | -$84.7K |
|
|
HUIZ
11728
Huize Holding Ltd
HUIZ
$13M
| $53.3K | ﹤0.01% |
18,982
-9,312
| -33% | -$32.2K |
|
11729
Cytosorbents Corp
CTSO
$22.8M
| $53.3K | ﹤0.01% |
83,363
-14,858
| -15% | -$11.4K |
|
|
FARM
11730
PUT
DELISTED
Farmer Brothers
FARM
| $53.1K | ﹤0.01% |
36,400
| – | – |
|
11731
CALL
Citius Pharmaceuticals
CTXR
$20.1M
| $53.1K | ﹤0.01% |
68,100
+45,300
| +199% | +$56.6K |
|
|
MAXN
11732
PUT
DELISTED
Maxeon Solar Technologies
MAXN
| $53.1K | ﹤0.01% |
19,300
+600
| +3% | +$1.99K |
|
|
AIFC
11733
CALL
AI Financial Corp
AIFC
$58.9M
| $52.6K | ﹤0.01% |
47,800
-862,200
| -95% | -$1.66M |
|
11734
TOMI Environmental Solutions
TOMZ
$14.4M
| $52.1K | ﹤0.01% |
22,276
-11,484
| -34% | -$29.5K |
|
|
FLNT
11735
Fluent
FLNT
$132M
| $52.1K | ﹤0.01% |
21,717
-18,230
| -46% | -$38.4K |
|
11736
CALL
Evolent Health
EVH
$527M
| $52K | ﹤0.01% |
13,000
-116,900
| -90% | -$650K |
|
11737
Hongli Group Inc. Class A Ordinary Shares
HLP
$97.2M
| $51.9K | ﹤0.01% |
49,899
+15,253
| +44% | +$22.1K |
|
11738
Guardforce AI
GFAI
$11M
| $51.6K | ﹤0.01% |
93,576
+75,780
| +426% | +$68.3K |
|
11739
Cue Biopharma
CUE
$131M
| $51.6K | ﹤0.01% |
5,628
+79
| +1% | +$1.45K |
|
11740
Oxford Square Capital
OXSQ
$160M
| $51.5K | ﹤0.01% |
29,260
-10,234
| -26% | -$18.6K |
|
11741
PUT
Offerpad Solutions
OPAD
$21.8M
| $50.8K | ﹤0.01% |
4,200
-36,670
| -90% | -$811K |
|
11742
CALL
Ribbon Communications
RBBN
$377M
| $50.7K | ﹤0.01% |
17,600
| – | – |
|
11743
CALL
Phunware
PHUN
$43.4M
| $50.5K | ﹤0.01% |
27,300
-1,200
| -4% | -$2.79K |
|
11744
Smartbird Inc
BIRD
$31.2M
| $50.5K | ﹤0.01% |
12,309
+1,852
| +18% | +$10.5K |
|
11745
Lee Enterprises
LEE
$181M
| $50.1K | ﹤0.01% |
+10,465
| New | +$44.7K |
|
|
DHC
11746
Diversified Healthcare Trust
DHC
$2.03B
| $50.1K | ﹤0.01% |
10,334
-10,966
| -51% | -$49.7K |
|
11747
Destination XL Group
DXLG
$33.2M
| $50K | ﹤0.01% |
54,375
+42,721
| +367% | +$43.8K |
|
|
ZH
11748
Zhihu
ZH
$274M
| $50K | ﹤0.01% |
15,240
-131,223
| -90% | -$525K |
|
11749
Century Therapeutics
IPSC
$349M
| $49.8K | ﹤0.01% |
50,104
-17,820
| -26% | -$10.9K |
|
11750
CALL
Quantum-Si Incorporated
QSI
$172M
| $49.8K | ﹤0.01% |
45,300
-11,900
| -21% | -$19.4K |
|
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.