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 | |
|---|---|---|---|---|---|---|
3851
Vanguard S&P 500 Growth ETF
VOOG
$26.9B
| $5.55M | ﹤0.01% |
+74,916
| New | +$5.51M |
|
3852
PUT
Flex
FLEX
$40.8B
| $5.55M | ﹤0.01% |
91,800
+17,700
| +24% | +$1.09M |
|
3853
First Trust Exchange-Traded Fund II First Trust International Equity Opportunities ETF
FPXI
$291M
| $5.54M | ﹤0.01% |
93,677
+15,681
| +20% | +$936K |
|
3854
Veralto
VLTO
$24B
| $5.53M | ﹤0.01% |
55,441
+20,571
| +59% | +$2.08M |
|
3855
PUT
Northern Oil and Gas
NOG
$2.74B
| $5.52M | ﹤0.01% |
257,300
-6,900
| -3% | -$155K |
|
3856
PUT
RUM Group Inc
RUM
$4.45B
| $5.52M | ﹤0.01% |
873,900
+28,800
| +3% | +$197K |
|
3857
CALL
Huntsman Corp
HUN
$1.66B
| $5.52M | ﹤0.01% |
552,100
+100,700
| +22% | +$922K |
|
3858
CALL
Babcock & Wilcox
BW
$1.07B
| $5.52M | ﹤0.01% |
870,700
+604,800
| +227% | +$2.98M |
|
3859
PUT
Tencent Music
TME
$14B
| $5.52M | ﹤0.01% |
314,700
-607,800
| -66% | -$12.3M |
|
|
PR
3860
PUT
Permian Resources
PR
$19B
| $5.52M | ﹤0.01% |
393,200
-104,300
| -21% | -$1.4M |
|
3861
PUT
Syndax Pharmaceuticals
SNDX
$1.74B
| $5.52M | ﹤0.01% |
262,500
-16,800
| -6% | -$293K |
|
3862
Equitable Holdings
EQH
$13.7B
| $5.51M | ﹤0.01% |
115,641
-12,124
| -9% | -$575K |
|
3863
Evergy
EVRG
$18.6B
| $5.51M | ﹤0.01% |
76,012
+32,293
| +74% | +$2.45M |
|
3864
CALL
Aecom
ACM
$8.9B
| $5.51M | ﹤0.01% |
57,800
-28,300
| -33% | -$3.33M |
|
3865
CALL
Freshworks
FRSH
$3.62B
| $5.51M | ﹤0.01% |
449,700
+319,600
| +246% | +$3.78M |
|
|
LAC
3866
CALL
Lithium Americas
LAC
$1.11B
| $5.51M | ﹤0.01% |
1,262,700
-350,400
| -22% | -$2.02M |
|
3867
PUT
Liberty Global Class A
LBTYA
$3.64B
| $5.5M | ﹤0.01% |
494,100
+198,100
| +67% | +$2.19M |
|
3868
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$210M
| $5.5M | ﹤0.01% |
143,796
+102,135
| +245% | +$5M |
|
3869
PUT
ChargePoint
CHPT
$144M
| $5.5M | ﹤0.01% |
828,200
-226,300
| -21% | -$2.14M |
|
3870
EnerSys
ENS
$6.69B
| $5.5M | ﹤0.01% |
37,469
+19,336
| +107% | +$2.58M |
|
3871
Zimmer Biomet
ZBH
$19.2B
| $5.5M | ﹤0.01% |
61,137
-8,224
| -12% | -$780K |
|
3872
PUT
Box
BOX
$4.8B
| $5.49M | ﹤0.01% |
183,500
-92,900
| -34% | -$2.91M |
|
|
KLMN
3873
Invesco MSCI North America Climate ETF
KLMN
| $5.49M | ﹤0.01% |
195,500
-23,064
| -11% | -$641K |
|
3874
Labcorp
LH
$27.2B
| $5.48M | ﹤0.01% |
21,863
+3,948
| +22% | +$1.05M |
|
3875
CALL
Build-A-Bear
BBW
$374M
| $5.48M | ﹤0.01% |
89,400
-30,100
| -25% | -$1.64M |
|
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.