Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
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 | Miscellaneous | 94.23% |
| 2 | Technology | 1.7% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Communication Services | 0.67% |
| 5 | Financials | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2651
FS KKR Capital
FSK
$3.38B
| $13.8M | ﹤0.01% |
928,705
+559,620
| +152% | +$8.48M |
|
2652
Warby Parker
WRBY
$3.12B
| $13.7M | ﹤0.01% |
628,906
+532,264
| +551% | +$11.6M |
|
2653
F5
FFIV
$23.2B
| $13.7M | ﹤0.01% |
53,676
+44,583
| +490% | +$12M |
|
2654
CALL
Jacobs Solutions
J
$17.6B
| $13.7M | ﹤0.01% |
103,300
+48,100
| +87% | +$7.05M |
|
2655
PUT
GlobalFoundries
GFS
$25.4B
| $13.7M | ﹤0.01% |
391,400
-1,678,800
| -81% | -$59.7M |
|
|
XIFR
2656
PUT
XPLR Infrastructure LP
XIFR
$1.11B
| $13.7M | ﹤0.01% |
1,366,400
-431,100
| -24% | -$4.18M |
|
2657
CALL
Travel + Leisure Co
TNL
$4.39B
| $13.7M | ﹤0.01% |
193,700
+56,100
| +41% | +$3.68M |
|
2658
Quanta Services
PWR
$93.5B
| $13.7M | ﹤0.01% |
32,354
+8,317
| +35% | +$3.65M |
|
2659
CALL
ProShares UltraShort S&P500
SDS
$391M
| $13.6M | ﹤0.01% |
198,900
+160,840
| +423% | +$11.4M |
|
2660
CALL
Vanguard Morningstar Small-Cap ETF
VB
$82.2B
| $13.6M | ﹤0.01% |
52,800
+13,000
| +33% | +$3.33M |
|
2661
PUT
Kinsale Capital Group
KNSL
$8.7B
| $13.6M | ﹤0.01% |
34,800
+1,400
| +4% | +$571K |
|
2662
Ovintiv
OVV
$18B
| $13.6M | ﹤0.01% |
347,304
+284,369
| +452% | +$11M |
|
2663
CALL
TTM Technologies
TTMI
$13.1B
| $13.6M | ﹤0.01% |
197,100
+137,300
| +230% | +$8.96M |
|
|
AVB
2664
PUT
DELISTED
AvalonBay Communities
AVB
| $13.6M | ﹤0.01% |
75,000
-35,600
| -32% | -$6.46M |
|
2665
CALL
CDW
CDW
$18.6B
| $13.6M | ﹤0.01% |
99,800
+12,600
| +14% | +$1.86M |
|
2666
TransDigm Group
TDG
$65.6B
| $13.6M | ﹤0.01% |
10,219
+2,650
| +35% | +$3.47M |
|
2667
PUT
iShares Russell 1000 Growth ETF
IWF
$127B
| $13.6M | ﹤0.01% |
114,800
-320,000
| -74% | -$37.9M |
|
2668
Idexx Laboratories
IDXX
$42.9B
| $13.6M | ﹤0.01% |
20,064
-2,457
| -11% | -$1.67M |
|
2669
CALL
Fabrinet
FN
$15.5B
| $13.6M | ﹤0.01% |
29,800
-13,000
| -30% | -$5.66M |
|
2670
CALL
ODDITY Tech
ODD
$691M
| $13.6M | ﹤0.01% |
337,400
-2,400
| -0.7% | -$108K |
|
2671
PUT
Ascendis Pharma A/S
ASND
$16.4B
| $13.5M | ﹤0.01% |
63,500
+1,900
| +3% | +$392K |
|
|
GLXY
2672
Galaxy Digital Inc
GLXY
$4.91B
| $13.5M | ﹤0.01% |
605,246
+242,314
| +67% | +$7.51M |
|
2673
CALL
McEwen Inc
MUX
$1.33B
| $13.5M | ﹤0.01% |
731,000
+443,900
| +155% | +$8.26M |
|
2674
Iovance Biotherapeutics
IOVA
$3.74B
| $13.5M | ﹤0.01% |
4,948,614
+1,642,098
| +50% | +$3.8M |
|
2675
PUT
Sterling Infrastructure
STRL
$15.5B
| $13.5M | ﹤0.01% |
44,100
-56,800
| -56% | -$19.6M |
|
Similar funds
Jeff Yass's Q4 2025 Portfolio in Review
As of Q4 2025, Jeff Yass held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass'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 Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Jeff Yass's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Jeff Yass fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Jeff Yass's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Jeff Yass opened 1,864 new positions and closed 1,914 in Q4 2025.
- Jeff Yass'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.