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 | |
|---|---|---|---|---|---|---|
|
DFTX
3376
CALL
Definium Therapeutics
DFTX
$5.51B
| $7.81M | ﹤0.01% |
583,600
-213,800
| -27% | -$2.65M |
|
3377
Monster Beverage
MNST
$91.8B
| $7.81M | ﹤0.01% |
203,702
-376,646
| -65% | -$13.5M |
|
3378
CALL
AppFolio
APPF
$8.3B
| $7.79M | ﹤0.01% |
33,500
+200
| +0.6% | +$47.5K |
|
|
GRID
3379
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.7B
| $7.79M | ﹤0.01% |
50,924
+30,216
| +146% | +$4.64M |
|
3380
CALL
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24B
| $7.76M | ﹤0.01% |
25,700
+5,400
| +27% | +$1.63M |
|
3381
PUT
Consolidated Edison
ED
$39.8B
| $7.76M | ﹤0.01% |
78,100
-38,800
| -33% | -$3.85M |
|
3382
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.71B
| $7.76M | ﹤0.01% |
637,900
-1,650,000
| -72% | -$25.9M |
|
|
MESO
3383
Mesoblast
MESO
$2.26B
| $7.75M | ﹤0.01% |
429,844
+158,356
| +58% | +$2.72M |
|
3384
PUT
STAAR Surgical
STAA
$1.11B
| $7.75M | ﹤0.01% |
335,500
+324,700
| +3,006% | +$8.37M |
|
3385
Ball Corp
BALL
$16.9B
| $7.74M | ﹤0.01% |
146,070
+16,622
| +13% | +$818K |
|
3386
State Street SPDR S&P Homebuilders ETF
XHB
$1.39B
| $7.73M | ﹤0.01% |
75,122
-35,022
| -32% | -$3.72M |
|
3387
PUT
Canadian Pacific Kansas City
CP
$82.7B
| $7.73M | ﹤0.01% |
105,000
-115,200
| -52% | -$8.48M |
|
3388
Mercury Insurance
MCY
$5.7B
| $7.73M | ﹤0.01% |
82,138
+19,083
| +30% | +$1.66M |
|
3389
PUT
Plug Power
PLUG
$3.06B
| $7.72M | ﹤0.01% |
3,921,100
+243,200
| +7% | +$635K |
|
3390
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$387M
| $7.71M | ﹤0.01% |
399,300
-126,600
| -24% | -$2.6M |
|
3391
CALL
Rithm Capital
RITM
$5.63B
| $7.71M | ﹤0.01% |
707,000
-462,800
| -40% | -$5.11M |
|
3392
CALL
DTE Energy
DTE
$28.3B
| $7.7M | ﹤0.01% |
59,700
+4,400
| +8% | +$598K |
|
|
PENG
3393
CALL
Penguin Solutions Inc
PENG
$2.54B
| $7.7M | ﹤0.01% |
393,500
+46,500
| +13% | +$996K |
|
|
RPT
3394
CALL
Rithm Property Trust
RPT
$100M
| $7.69M | ﹤0.01% |
464,000
+405,433
| +692% | +$6.23M |
|
3395
PUT
Chord Energy
CHRD
$7.99B
| $7.68M | ﹤0.01% |
82,900
-59,000
| -42% | -$5.47M |
|
|
DOCU
3396
DocuSign
DOCU
$12.2B
| $7.68M | ﹤0.01% |
112,330
+66,178
| +143% | +$4.58M |
|
3397
ProShares UltraPro S&P 500
UPRO
$5.57B
| $7.68M | ﹤0.01% |
66,341
+59,639
| +890% | +$6.82M |
|
3398
PUT
Vanguard Morningstar Value ETF
VTV
$192B
| $7.66M | ﹤0.01% |
40,100
+15,800
| +65% | +$2.97M |
|
3399
CALL
Antero Midstream
AM
$10.6B
| $7.65M | ﹤0.01% |
430,000
-197,500
| -31% | -$3.56M |
|
3400
PureCycle Technologies
PCT
$1.31B
| $7.64M | ﹤0.01% |
889,917
-835,467
| -48% | -$8.87M |
|
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.