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 | |
|---|---|---|---|---|---|---|
12026
Celularity
CELU
$20M
| $13K | ﹤0.01% |
11,727
-14,683
| -56% | -$26.3K |
|
|
SBCWW
12027
SBC Medical Group Warrants
SBCWW
$3.27M
| $13K | ﹤0.01% |
+64,056
| New | +$11K |
|
12028
Greenland Technologies Holding
GTEC
$18.7M
| $13K | ﹤0.01% |
+21,195
| New | +$23.4K |
|
12029
PLAYSTUDIOS Inc
MYPS
$67.3M
| $12.8K | ﹤0.01% |
19,722
-11,092
| -36% | -$8.64K |
|
12030
PUT
Agilon Health
AGL
$1.5B
| $12.8K | ﹤0.01% |
744
-1,212
| -62% | -$23.5K |
|
12031
MoneyHero
MNY
$42.3M
| $12.7K | ﹤0.01% |
10,085
-880
| -8% | -$1.15K |
|
12032
CALL
Biomea Fusion
BMEA
$95M
| $12.6K | ﹤0.01% |
10,200
-30,600
| -75% | -$42.9K |
|
|
WCT
12033
Wellchange Holdings
WCT
$4.29M
| $12.4K | ﹤0.01% |
+1,552
| New | +$20.5K |
|
12034
Matinas BioPharma
MTNB
$1.48M
| $12.4K | ﹤0.01% |
+21,113
| New | +$24.9K |
|
|
NUAIW
12035
New Era Energy & Digital Inc Warrants
NUAIW
$14.2M
| $12.3K | ﹤0.01% |
+15,022
| New | +$18.6K |
|
|
ZDAI
12036
DirectBooking Technology Co
ZDAI
$13.7M
| $12.1K | ﹤0.01% |
+3,711
| New | +$25.1K |
|
|
GWH.WS
12037
DELISTED
ESS Tech Inc Warrant
GWH.WS
| $12.1K | ﹤0.01% |
237,247
+148,709
| +168% | +$13.4K |
|
|
JF
12038
J and Friends Holdings
JF
$17.8M
| $12.1K | ﹤0.01% |
13,319
-39,760
| -75% | -$38.2K |
|
12039
PUT
BuzzFeed
BZFD
$94.2M
| $11.8K | ﹤0.01% |
12,700
-14,300
| -53% | -$18.1K |
|
12040
Addentax Group
ATXG
$4.24M
| $11.8K | ﹤0.01% |
2,008
+945
| +89% | +$8.51K |
|
12041
PUT
InflaRx
IFRX
$296M
| $11.6K | ﹤0.01% |
+11,500
| New | +$14.3K |
|
|
CAPT
12042
PUT
DELISTED
Captivision
CAPT
| $11.5K | ﹤0.01% |
33,800
+22,400
| +196% | +$15.9K |
|
|
TRIB
12043
Trinity Biotech
TRIB
$8.04M
| $11.3K | ﹤0.01% |
+475
| New | +$14K |
|
12044
Reading International Class A
RDI
$33.6M
| $11.3K | ﹤0.01% |
10,724
-39,997
| -79% | -$51.6K |
|
12045
CALL
Nerdy
NRDY
$94.8M
| $11.2K | ﹤0.01% |
10,800
-7,600
| -41% | -$8.57K |
|
12046
AtlasClear
ATCH
$30.4M
| $11.1K | ﹤0.01% |
+44,140
| New | +$15K |
|
12047
AquaBounty Technologies
AQB
$7.31M
| $11.1K | ﹤0.01% |
11,908
| – | – |
|
|
OPENL
12048
Opendoor Technologies Inc Series A Warrants
OPENL
$5.03M
| $10.9K | ﹤0.01% |
+21,031
| New | +$18K |
|
12049
CALL
Immunic
IMUX
$229M
| $10.9K | ﹤0.01% |
2,060
-1,620
| -44% | -$11.9K |
|
|
VFSWW
12050
VinFast Auto Ltd Warrant
VFSWW
$570M
| $10.9K | ﹤0.01% |
54,986
-22,460
| -29% | -$4.29K |
|
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.