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 | |
|---|---|---|---|---|---|---|
3801
CALL
Republic Services
RSG
$68B
| $5.76M | ﹤0.01% |
27,200
-71,500
| -72% | -$15.4M |
|
3802
Credit Acceptance
CACC
$6.18B
| $5.76M | ﹤0.01% |
12,985
+2,977
| +30% | +$1.38M |
|
3803
CALL
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$98.1M
| $5.76M | ﹤0.01% |
72,200
-91,400
| -56% | -$7M |
|
3804
GoPro
GPRO
$111M
| $5.75M | ﹤0.01% |
4,078,207
+463,609
| +13% | +$841K |
|
3805
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $5.75M | ﹤0.01% |
79,200
-1,200
| -1% | -$87.3K |
|
3806
TTM Technologies
TTMI
$12.5B
| $5.75M | ﹤0.01% |
83,265
-76,365
| -48% | -$4.98M |
|
3807
Advanced Drainage Systems
WMS
$10.3B
| $5.74M | ﹤0.01% |
39,647
+26,036
| +191% | +$3.77M |
|
3808
Huntsman Corp
HUN
$1.66B
| $5.74M | ﹤0.01% |
573,591
+273,643
| +91% | +$2.51M |
|
3809
PUT
Knight Transportation
KNX
$10.9B
| $5.74M | ﹤0.01% |
109,700
+600
| +0.5% | +$28.1K |
|
|
SARO
3810
StandardAero Inc
SARO
$8.28B
| $5.73M | ﹤0.01% |
199,799
+152,325
| +321% | +$4.15M |
|
3811
CALL
Vanguard Financials ETF
VFH
$13.9B
| $5.73M | ﹤0.01% |
42,900
-6,400
| -13% | -$831K |
|
3812
CALL
Vipshop
VIPS
$6.42B
| $5.73M | ﹤0.01% |
323,700
-48,100
| -13% | -$925K |
|
3813
Black Hills Corp
BKH
$5.55B
| $5.72M | ﹤0.01% |
+82,350
| New | +$5.55M |
|
3814
Global Payments
GPN
$24.3B
| $5.71M | ﹤0.01% |
73,806
+25,532
| +53% | +$2.06M |
|
|
HSAI
3815
PUT
Hesai Group
HSAI
$2.74B
| $5.71M | ﹤0.01% |
255,000
-179,500
| -41% | -$3.93M |
|
3816
PVH
PVH
$3.49B
| $5.7M | ﹤0.01% |
85,103
+45,559
| +115% | +$3.56M |
|
3817
CALL
Popular Inc
BPOP
$10.8B
| $5.7M | ﹤0.01% |
45,800
-10,100
| -18% | -$1.19M |
|
3818
CALL
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$210M
| $5.7M | ﹤0.01% |
149,000
-156,900
| -51% | -$7.69M |
|
|
CGCV
3819
Capital Group Conservative Equity ETF
CGCV
$2.02B
| $5.69M | ﹤0.01% |
186,717
+78,870
| +73% | +$2.39M |
|
|
DX
3820
Dynex Capital
DX
$3.2B
| $5.67M | ﹤0.01% |
404,993
+355,887
| +725% | +$4.8M |
|
3821
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $5.67M | ﹤0.01% |
70,287
-381,128
| -84% | -$30.7M |
|
3822
PUT
Root
ROOT
$874M
| $5.66M | ﹤0.01% |
78,400
-134,200
| -63% | -$10.7M |
|
3823
PUT
State Street SPDR S&P Semiconductor ETF
XSD
$2.59B
| $5.66M | ﹤0.01% |
17,600
+5,400
| +44% | +$1.78M |
|
3824
CALL
Defiance Quantum ETF
QTUM
$5.53B
| $5.66M | ﹤0.01% |
51,600
+20,500
| +66% | +$2.26M |
|
|
DCH
3825
Dauch Corp
DCH
$1.5B
| $5.66M | ﹤0.01% |
882,429
-42,639
| -5% | -$265K |
|
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.