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 | |
|---|---|---|---|---|---|---|
3651
PUT
Tiptree Inc
TIPT
$687M
| $6.42M | ﹤0.01% |
351,200
-9,500
| -3% | -$173K |
|
3652
Goodyear
GT
$1.83B
| $6.41M | ﹤0.01% |
732,203
+131,619
| +22% | +$1.04M |
|
3653
CALL
CubeSmart
CUBE
$9.01B
| $6.41M | ﹤0.01% |
177,900
-1,900
| -1% | -$72.2K |
|
|
FOLD
3654
PUT
DELISTED
Amicus Therapeutics
FOLD
| $6.41M | ﹤0.01% |
450,200
+28,500
| +7% | +$280K |
|
|
NAK
3655
Northern Dynasty Minerals
NAK
$944M
| $6.41M | ﹤0.01% |
3,253,362
+2,162,969
| +198% | +$4.17M |
|
3656
PUT
Hercules Capital
HTGC
$3.27B
| $6.4M | ﹤0.01% |
340,200
+118,200
| +53% | +$2.13M |
|
3657
PUT
Corteva
CTVA
$56B
| $6.4M | ﹤0.01% |
95,500
-229,100
| -71% | -$14.8M |
|
3658
PUT
Corebridge Financial
CRBG
$14.5B
| $6.4M | ﹤0.01% |
212,100
+85,300
| +67% | +$2.62M |
|
|
DFTX
3659
Definium Therapeutics
DFTX
$5.51B
| $6.39M | ﹤0.01% |
477,112
+459,839
| +2,662% | +$5.69M |
|
3660
PUT
Altimmune
ALT
$605M
| $6.38M | ﹤0.01% |
1,766,600
+80,300
| +5% | +$350K |
|
3661
CALL
PBF Energy
PBF
$8.45B
| $6.36M | ﹤0.01% |
234,600
-45,600
| -16% | -$1.46M |
|
|
BTC
3662
PUT
Grayscale Bitcoin Mini Trust ETF
BTC
$4.11B
| $6.35M | ﹤0.01% |
164,000
+77,700
| +90% | +$3.44M |
|
3663
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.31B
| $6.35M | ﹤0.01% |
+79,935
| New | +$6.18M |
|
|
SF
3664
CALL
Stifel
SF
$12.3B
| $6.35M | ﹤0.01% |
76,050
+29,700
| +64% | +$2.37M |
|
3665
PUT
Unifirst Corp
UNF
$5.1B
| $6.35M | ﹤0.01% |
+32,900
| New | +$5.55M |
|
3666
Vanguard FTSE Europe ETF
VGK
$30.9B
| $6.35M | ﹤0.01% |
75,896
+61,975
| +445% | +$5.04M |
|
3667
PUT
HF Sinclair
DINO
$17.7B
| $6.35M | ﹤0.01% |
137,700
-120,400
| -47% | -$6.21M |
|
3668
PUT
Commault Systems
CVLT
$5.65B
| $6.34M | ﹤0.01% |
50,600
+12,200
| +32% | +$1.72M |
|
|
BLD
3669
CALL
DELISTED
TopBuild
BLD
| $6.34M | ﹤0.01% |
15,200
-7,900
| -34% | -$3.39M |
|
3670
Weyerhaeuser
WY
$17B
| $6.34M | ﹤0.01% |
267,499
+115,400
| +76% | +$2.67M |
|
|
WAY
3671
CALL
Waystar Holding Corp
WAY
$5.03B
| $6.33M | ﹤0.01% |
193,300
+8,400
| +5% | +$299K |
|
|
VZLA
3672
CALL
Vizsla Silver
VZLA
$1.4B
| $6.33M | ﹤0.01% |
+1,157,300
| New | +$5.43M |
|
|
KC
3673
Kingsoft Cloud Holdings
KC
$3.19B
| $6.31M | ﹤0.01% |
610,208
+290,054
| +91% | +$3.56M |
|
3674
WisdomTree US LargeCap Fund
EPS
$1.66B
| $6.31M | ﹤0.01% |
89,021
+56,918
| +177% | +$3.98M |
|
3675
iShares Russell Top 200 Growth ETF
IWY
$16B
| $6.3M | ﹤0.01% |
22,732
+4,118
| +22% | +$1.14M |
|
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.