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 | |
|---|---|---|---|---|---|---|
|
ZH
11776
CALL
Zhihu
ZH
$274M
| $46.2K | ﹤0.01% |
14,100
-13,400
| -49% | -$53.7K |
|
11777
PUT
Ironwood Pharmaceuticals
IRWD
$674M
| $46.2K | ﹤0.01% |
+13,700
| New | +$35.6K |
|
|
AIRJ
11778
PUT
Montana Technologies Corp
AIRJ
$458M
| $46.1K | ﹤0.01% |
+11,700
| New | +$50.6K |
|
|
EWCZ
11779
DELISTED
European Wax Center
EWCZ
| $45.9K | ﹤0.01% |
+12,758
| New | +$47.7K |
|
11780
Austin Gold Corp
AUST
$17.7M
| $45.8K | ﹤0.01% |
+30,978
| New | +$58.2K |
|
11781
CALL
Smart Sand
SND
$213M
| $45.6K | ﹤0.01% |
11,400
-15,700
| -58% | -$44.4K |
|
11782
Pyxis Tankers
PXS
$52.5M
| $45.6K | ﹤0.01% |
+16,254
| New | +$46.2K |
|
11783
Lifetime Brands
LCUT
$220M
| $45.5K | ﹤0.01% |
+11,530
| New | +$42.4K |
|
11784
Ideal Power
IPWR
$70M
| $45.3K | ﹤0.01% |
14,669
-11,638
| -44% | -$51.3K |
|
11785
PUT
Gain Therapeutics
GANX
$92.6M
| $45.1K | ﹤0.01% |
+14,000
| New | +$37.4K |
|
|
TE.WS
11786
DELISTED
T1 Energy Inc Warrants
TE.WS
| $44.8K | ﹤0.01% |
+38,268
| New | +$19.7K |
|
|
STKE
11787
Sol Strategies Inc
STKE
$40.7M
| $44.8K | ﹤0.01% |
+29,250
| New | +$84.6K |
|
|
AGEN
11788
PUT
Agenus
AGEN
$315M
| $44.6K | ﹤0.01% |
14,200
-17,700
| -55% | -$70.5K |
|
11789
Inhibikase Therapeutics
IKT
$378M
| $44.1K | ﹤0.01% |
21,532
-24,073
| -53% | -$38.3K |
|
11790
KLX Energy Services
KLXE
$36M
| $44.1K | ﹤0.01% |
23,318
+10,530
| +82% | +$18.4K |
|
11791
FingerMotion
FNGR
$16.9M
| $44K | ﹤0.01% |
+35,736
| New | +$53.1K |
|
|
NEWP
11792
CALL
New Pacific Metals
NEWP
$1.24B
| $43.9K | ﹤0.01% |
+12,500
| New | +$34.2K |
|
11793
TELA Bio
TELA
$30.4M
| $43.9K | ﹤0.01% |
37,174
-48,589
| -57% | -$61.5K |
|
|
NOTV
11794
DELISTED
Inotiv
NOTV
| $43.8K | ﹤0.01% |
+77,906
| New | +$81.4K |
|
11795
Harte-Hanks
HHS
$20.8M
| $43.8K | ﹤0.01% |
14,537
-4,602
| -24% | -$15K |
|
11796
IGC Pharma
IGC
$30.7M
| $43.6K | ﹤0.01% |
154,959
+140,997
| +1,010% | +$50.3K |
|
11797
PUT
Vista Gold
VGZ
$328M
| $43.5K | ﹤0.01% |
+22,100
| New | +$42.6K |
|
11798
PUT
Rocket Pharmaceuticals
RCKT
$367M
| $43.5K | ﹤0.01% |
12,400
-267,500
| -96% | -$916K |
|
|
GAU
11799
CALL
Galiano Gold
GAU
$547M
| $43.5K | ﹤0.01% |
17,200
-26,300
| -60% | -$65K |
|
11800
CALL
Cato Corp
CATO
$66.7M
| $43K | ﹤0.01% |
13,900
-137,500
| -91% | -$505K |
|
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.