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 | |
|---|---|---|---|---|---|---|
3476
Invesco DB US Dollar Index Bullish Fund
UUP
$324M
| $7.29M | ﹤0.01% |
269,556
+114,683
| +74% | +$3.2M |
|
3477
ProShares Ultra QQQ
QLD
$14B
| $7.28M | ﹤0.01% |
103,426
+54,316
| +111% | +$3.85M |
|
3478
CALL
Kinsale Capital Group
KNSL
$8.67B
| $7.27M | ﹤0.01% |
18,600
+4,300
| +30% | +$1.75M |
|
3479
CALL
Evergy
EVRG
$18.6B
| $7.27M | ﹤0.01% |
100,300
-11,100
| -10% | -$842K |
|
|
DQ
3480
PUT
Daqo New Energy
DQ
$926M
| $7.27M | ﹤0.01% |
246,300
-29,100
| -11% | -$888K |
|
3481
CALL
Direxion Daily Technology Bear 3x ETF
TECS
$66.5M
| $7.26M | ﹤0.01% |
42,000
+27,290
| +186% | +$4.82M |
|
3482
Loar Holdings
LOAR
$6.72B
| $7.26M | ﹤0.01% |
106,722
+2,346
| +2% | +$171K |
|
3483
PUT
Hycroft Mining Holding Corp
HYMC
$2.22B
| $7.26M | ﹤0.01% |
305,300
+270,200
| +770% | +$2.99M |
|
3484
PUT
IMAX
IMAX
$2.76B
| $7.24M | ﹤0.01% |
195,900
+143,000
| +270% | +$4.99M |
|
3485
MoonLake Immunotherapeutics
MLTX
$1.28B
| $7.24M | ﹤0.01% |
549,236
+354,495
| +182% | +$4.18M |
|
3486
iShares US Aerospace & Defense ETF
ITA
$14B
| $7.24M | ﹤0.01% |
33,711
-7,332
| -18% | -$1.53M |
|
3487
PUT
Alerian MLP ETF
AMLP
$13.4B
| $7.24M | ﹤0.01% |
153,900
+3,800
| +3% | +$178K |
|
3488
ImmunityBio
IBRX
$8.53B
| $7.24M | ﹤0.01% |
3,654,499
+1,011,845
| +38% | +$2.29M |
|
3489
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $7.23M | ﹤0.01% |
28,898
+23,413
| +427% | +$5.88M |
|
3490
CALL
VanEck Pharmaceutical ETF
PPH
$993M
| $7.22M | ﹤0.01% |
70,000
+60,300
| +622% | +$5.87M |
|
|
TE
3491
PUT
T1 Energy
TE
$1.41B
| $7.21M | ﹤0.01% |
1,079,100
+1,038,800
| +2,578% | +$4.58M |
|
3492
PUT
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
| $7.2M | ﹤0.01% |
27,900
+15,500
| +125% | +$3.97M |
|
|
MBX
3493
PUT
MBX Biosciences
MBX
$3.03B
| $7.19M | ﹤0.01% |
228,000
-258,800
| -53% | -$6.28M |
|
3494
KraneShares Public-Private Emerging Markets Internet and Technology ETF
KEMQ
$26M
| $7.19M | ﹤0.01% |
291,505
-259,727
| -47% | -$6.76M |
|
3495
Rollins
ROL
$17.5B
| $7.18M | ﹤0.01% |
119,576
+70,668
| +144% | +$4.15M |
|
3496
Lennox International
LII
$13.6B
| $7.18M | ﹤0.01% |
14,777
-799
| -5% | -$400K |
|
3497
CALL
Schwab US Large-Cap Growth ETF
SCHG
$63.1B
| $7.17M | ﹤0.01% |
219,800
-84,200
| -28% | -$2.74M |
|
3498
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $7.16M | ﹤0.01% |
154,729
+64,182
| +71% | +$2.94M |
|
3499
PUT
Murphy Oil
MUR
$5.11B
| $7.15M | ﹤0.01% |
228,900
-494,800
| -68% | -$14.9M |
|
3500
PUT
Saia
SAIA
$9.37B
| $7.15M | ﹤0.01% |
21,900
-18,500
| -46% | -$5.59M |
|
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.