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 | |
|---|---|---|---|---|---|---|
2776
ProShares Short VIX Short-Term Futures ETF
SVXY
$250M
| $12.4M | ﹤0.01% |
223,885
-4,576
| -2% | -$231K |
|
2777
CVR Partners
UAN
$1.33B
| $12.4M | ﹤0.01% |
120,903
+34,550
| +40% | +$3.29M |
|
2778
CALL
iShares S&P 500 Value ETF
IVE
$50.2B
| $12.4M | ﹤0.01% |
58,400
+6,500
| +13% | +$1.36M |
|
2779
PUT
Woodward
WWD
$20.4B
| $12.4M | ﹤0.01% |
40,900
+7,500
| +22% | +$2.06M |
|
|
ORLA
2780
CALL
DELISTED
Orla Mining
ORLA
| $12.3M | ﹤0.01% |
916,700
+872,800
| +1,988% | +$10.6M |
|
2781
CALL
Magnite
MGNI
$3.35B
| $12.3M | ﹤0.01% |
760,500
-446,600
| -37% | -$7.41M |
|
2782
FIVE9
FIVN
$2.58B
| $12.3M | ﹤0.01% |
615,587
+199,441
| +48% | +$4.23M |
|
2783
PUT
Rithm Capital
RITM
$5.59B
| $12.3M | ﹤0.01% |
1,131,400
-220,400
| -16% | -$2.44M |
|
2784
CALL
CMS Energy
CMS
$21.4B
| $12.3M | ﹤0.01% |
176,300
-164,800
| -48% | -$12M |
|
2785
PUT
Direxion Daily NVDA Bull 2X ETF
NVDU
$590M
| $12.3M | ﹤0.01% |
104,600
-16,500
| -14% | -$2.07M |
|
2786
CALL
Universal Display
OLED
$3.9B
| $12.3M | ﹤0.01% |
105,400
-51,500
| -33% | -$6.68M |
|
2787
PUT
Biohaven
BHVN
$2.43B
| $12.3M | ﹤0.01% |
1,089,500
+582,300
| +115% | +$7.21M |
|
2788
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $12.3M | ﹤0.01% |
104,381
+70,327
| +207% | +$8.09M |
|
2789
Raymond James Financial
RJF
$33.9B
| $12.3M | ﹤0.01% |
76,496
+3,850
| +5% | +$622K |
|
2790
CALL
Chemours
CC
$2.39B
| $12.3M | ﹤0.01% |
1,041,800
-244,200
| -19% | -$3.14M |
|
2791
PUT
PureCycle Technologies
PCT
$1.34B
| $12.3M | ﹤0.01% |
1,429,700
+485,400
| +51% | +$5.15M |
|
2792
Direxion Daily Regional Banks Bull 3X ETF
DPST
$340M
| $12.3M | ﹤0.01% |
121,335
+98,260
| +426% | +$9.24M |
|
2793
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.44B
| $12.3M | ﹤0.01% |
338,294
+279,660
| +477% | +$10.1M |
|
2794
CALL
Weyerhaeuser
WY
$17.1B
| $12.3M | ﹤0.01% |
517,300
+170,700
| +49% | +$3.95M |
|
2795
XPO
XPO
$22.4B
| $12.2M | ﹤0.01% |
90,025
-110,655
| -55% | -$15.1M |
|
2796
CALL
Olema Pharmaceuticals
OLMA
$944M
| $12.2M | ﹤0.01% |
+488,900
| New | +$8.7M |
|
2797
Harrow
HROW
$1.44B
| $12.2M | ﹤0.01% |
249,421
-199,526
| -44% | -$8.38M |
|
2798
International Paper
IP
$21.1B
| $12.2M | ﹤0.01% |
310,041
-481,052
| -61% | -$19.8M |
|
2799
TKO Group
TKO
$13.5B
| $12.2M | ﹤0.01% |
58,414
-26,171
| -31% | -$5.09M |
|
|
AMTM
2800
PUT
Amentum Holdings
AMTM
$5B
| $12.2M | ﹤0.01% |
420,700
+131,600
| +46% | +$3.36M |
|
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.