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 | |
|---|---|---|---|---|---|---|
3526
Garrett Motion
GTX
$4.97B
| $7.01M | ﹤0.01% |
402,312
+101,679
| +34% | +$1.62M |
|
3527
PUT
iShares Core Dividend Growth ETF
DGRO
$43.6B
| $7.01M | ﹤0.01% |
101,000
+84,800
| +523% | +$5.83M |
|
3528
Icahn Enterprises
IEP
$4.82B
| $7.01M | ﹤0.01% |
+928,180
| New | +$7.48M |
|
3529
CALL
B2Gold
BTG
$7.48B
| $7.01M | ﹤0.01% |
1,553,800
+320,800
| +26% | +$1.5M |
|
3530
CALL
Telephone and Data Systems
TDS
$3.87B
| $6.99M | ﹤0.01% |
170,600
-169,500
| -50% | -$6.6M |
|
3531
CALL
HEICO Corp
HEI
$47B
| $6.99M | ﹤0.01% |
21,600
-51,600
| -70% | -$16.3M |
|
3532
PUT
Boston Beer
SAM
$1.88B
| $6.99M | ﹤0.01% |
35,800
-11,300
| -24% | -$2.33M |
|
|
WAY
3533
PUT
Waystar Holding Corp
WAY
$5.03B
| $6.99M | ﹤0.01% |
213,300
-13,000
| -6% | -$463K |
|
3534
CALL
Invesco CurrencyShares Canadian Dollar Trust
FXC
$66.9M
| $6.98M | ﹤0.01% |
98,100
+79,400
| +425% | +$5.56M |
|
3535
CALL
Mattel
MAT
$4.33B
| $6.98M | ﹤0.01% |
351,900
+42,100
| +14% | +$813K |
|
3536
Dollar General
DG
$27.1B
| $6.98M | ﹤0.01% |
52,583
-370,576
| -88% | -$41.3M |
|
3537
iShares MSCI Turkey ETF
TUR
$225M
| $6.98M | ﹤0.01% |
202,673
+143,275
| +241% | +$4.85M |
|
3538
Invesco CurrencyShares Japanese Yen Trust
FXY
$458M
| $6.97M | ﹤0.01% |
118,845
+105,876
| +816% | +$6.32M |
|
|
SKE
3539
Skeena Resources
SKE
$4.17B
| $6.96M | ﹤0.01% |
293,455
+208,524
| +246% | +$4.11M |
|
|
HIVE
3540
HIVE Digital Technologies
HIVE
$760M
| $6.96M | ﹤0.01% |
2,699,030
-110,619
| -4% | -$467K |
|
3541
CALL
Hyatt Hotels
H
$16.2B
| $6.96M | ﹤0.01% |
43,400
-21,400
| -33% | -$3.28M |
|
|
MSTU
3542
PUT
T-Rex 2X Long MSTR Daily Target ETF
MSTU
$5.67B
| $6.96M | ﹤0.01% |
83,700
+59,881
| +251% | +$14.2M |
|
|
MSTX
3543
CALL
Defiance Daily Target 2x Long MSTR ETF
MSTX
$260M
| $6.95M | ﹤0.01% |
180,640
-179,990
| -50% | -$19.5M |
|
3544
PUT
InMode
INMD
$855M
| $6.95M | ﹤0.01% |
473,200
+38,900
| +9% | +$572K |
|
3545
CALL
Atour Lifestyle Holdings
ATAT
$4.83B
| $6.95M | ﹤0.01% |
176,300
-83,500
| -32% | -$3.27M |
|
3546
Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF
PDN
$364M
| $6.94M | ﹤0.01% |
164,598
+4,353
| +3% | +$180K |
|
3547
PUT
NEOS S&P 500 High Income ETF
SPYI
$11.6B
| $6.94M | ﹤0.01% |
132,100
+44,800
| +51% | +$2.35M |
|
3548
iShares Global Financials ETF
IXG
$700M
| $6.93M | ﹤0.01% |
57,408
-7,459
| -11% | -$869K |
|
3549
PUT
Repligen
RGEN
$9.95B
| $6.93M | ﹤0.01% |
42,300
-78,700
| -65% | -$12.3M |
|
3550
PUT
Blackstone Mortgage Trust
BXMT
$2.31B
| $6.93M | ﹤0.01% |
362,100
-112,300
| -24% | -$2.13M |
|
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.