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 | |
|---|---|---|---|---|---|---|
2401
CALL
Wolfspeed
WOLF
$1.64B
| $16.7M | ﹤0.01% |
959,600
-6,359,700
| -87% | -$146M |
|
2402
Modine Manufacturing
MOD
$10.6B
| $16.7M | ﹤0.01% |
124,954
-39,479
| -24% | -$5.88M |
|
2403
Riot Platforms
RIOT
$7.21B
| $16.7M | ﹤0.01% |
1,316,675
+1,035,022
| +367% | +$17.7M |
|
|
ETH
2404
Grayscale Ethereum Staking Mini ETF Shares
ETH
$1.72B
| $16.7M | ﹤0.01% |
594,104
+402,290
| +210% | +$13.1M |
|
2405
CALL
BCE
BCE
$21.6B
| $16.7M | ﹤0.01% |
699,500
-272,500
| -28% | -$6.35M |
|
2406
CALL
Navitas Semiconductor
NVTS
$3.57B
| $16.6M | ﹤0.01% |
2,331,800
+924,100
| +66% | +$8.89M |
|
2407
CALL
Howard Hughes
HHH
$4.04B
| $16.6M | ﹤0.01% |
208,700
-7,200
| -3% | -$596K |
|
2408
First Citizens BancShares
FCNCA
$25.6B
| $16.6M | ﹤0.01% |
7,755
-10,754
| -58% | -$20.3M |
|
2409
PUT
Healthpeak Properties
DOC
$14.3B
| $16.6M | ﹤0.01% |
1,034,900
+461,600
| +81% | +$8.14M |
|
2410
PUT
Inhibrx
INBX
$1.44B
| $16.6M | ﹤0.01% |
+210,200
| New | +$14.3M |
|
|
USAR
2411
USA Rare Earth Inc
USAR
$4.55B
| $16.6M | ﹤0.01% |
1,391,669
+900,318
| +183% | +$17.1M |
|
2412
iShares ESG Aware MSCI EM ETF
ESGE
$6.86B
| $16.6M | ﹤0.01% |
+374,844
| New | +$16.5M |
|
|
SLNO
2413
PUT
DELISTED
Soleno Therapeutics
SLNO
| $16.5M | ﹤0.01% |
357,300
-64,000
| -15% | -$3.51M |
|
2414
PUT
Tidewater
TDW
$4.56B
| $16.5M | ﹤0.01% |
327,500
-38,500
| -11% | -$2.03M |
|
2415
CALL
GoDaddy
GDDY
$12.7B
| $16.5M | ﹤0.01% |
133,300
-22,300
| -14% | -$2.89M |
|
|
GSOL
2416
Grayscale Solana Staking ETF
GSOL
$95.5M
| $16.5M | ﹤0.01% |
+1,817,500
| New | +$18.6M |
|
2417
FirstEnergy
FE
$27.1B
| $16.5M | ﹤0.01% |
369,089
+297,078
| +413% | +$13.6M |
|
2418
CALL
Noble Corp
NE
$7.04B
| $16.5M | ﹤0.01% |
584,800
-311,700
| -35% | -$9.21M |
|
2419
Wayfair
W
$13.9B
| $16.5M | ﹤0.01% |
164,435
-497
| -0.3% | -$47.8K |
|
|
APLS
2420
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $16.5M | ﹤0.01% |
657,200
+188,200
| +40% | +$4.42M |
|
2421
iShares MSCI Taiwan ETF
EWT
$11.6B
| $16.5M | ﹤0.01% |
259,799
+207,681
| +398% | +$13.4M |
|
2422
PUT
Planet Labs
PL
$8.82B
| $16.5M | ﹤0.01% |
836,400
+27,800
| +3% | +$399K |
|
2423
CALL
New Oriental
EDU
$8.49B
| $16.5M | ﹤0.01% |
299,700
+230,100
| +331% | +$12.6M |
|
2424
Dominion Energy
D
$59.8B
| $16.5M | ﹤0.01% |
281,361
+160,751
| +133% | +$9.68M |
|
2425
PUT
Doximity
DOCS
$4.74B
| $16.5M | ﹤0.01% |
372,200
-123,200
| -25% | -$6.92M |
|
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.