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 | |
|---|---|---|---|---|---|---|
3926
CALL
iShares MSCI Italy ETF
EWI
$1.12B
| $5.29M | ﹤0.01% |
97,400
+90,600
| +1,332% | +$4.76M |
|
3927
Richtech Robotics
RR
$412M
| $5.29M | ﹤0.01% |
1,638,162
-1,531,467
| -48% | -$6.77M |
|
|
CMBT
3928
PUT
CMB.TECH NV
CMBT
$5.32B
| $5.28M | ﹤0.01% |
547,600
-135,000
| -20% | -$1.31M |
|
3929
CALL
BRC Group Holdings
RILY
$283M
| $5.28M | ﹤0.01% |
1,131,100
+602,400
| +114% | +$2.98M |
|
3930
Kodiak Gas Services
KGS
$5.83B
| $5.28M | ﹤0.01% |
141,157
+63,503
| +82% | +$2.25M |
|
|
SMCX
3931
PUT
Defiance Daily Target 2X Long SMCI ETF
SMCX
$168M
| $5.27M | ﹤0.01% |
231,350
-17,150
| -7% | -$953K |
|
3932
PUT
Onto Innovation
ONTO
$16.6B
| $5.27M | ﹤0.01% |
33,400
-54,300
| -62% | -$7.71M |
|
3933
Western Union
WU
$2.26B
| $5.27M | ﹤0.01% |
566,038
-822,684
| -59% | -$7.27M |
|
3934
CALL
Phathom Pharmaceuticals
PHAT
$743M
| $5.27M | ﹤0.01% |
317,600
+262,300
| +474% | +$3.75M |
|
3935
PUT
PACS Group
PACS
$6.77B
| $5.26M | ﹤0.01% |
137,100
+17,600
| +15% | +$386K |
|
3936
PUT
ProShares UltraPro Short Dow 30
SDOW
$159M
| $5.26M | ﹤0.01% |
164,700
+63,500
| +63% | +$2.15M |
|
3937
PUT
Teekay Tankers
TNK
$3.08B
| $5.26M | ﹤0.01% |
98,500
+57,500
| +140% | +$3.23M |
|
3938
iShares S&P Small-Cap 600 Value ETF
IJS
$8.28B
| $5.26M | ﹤0.01% |
46,265
+12,341
| +36% | +$1.38M |
|
3939
CALL
iShares Russell 3000 ETF
IWV
$20.3B
| $5.26M | ﹤0.01% |
13,600
-700
| -5% | -$269K |
|
3940
PUT
ProShares UltraPro Dow 30
UDOW
$872M
| $5.25M | ﹤0.01% |
90,600
-39,200
| -30% | -$2.19M |
|
3941
TotalEnergies
TTE
$191B
| $5.24M | ﹤0.01% |
80,090
-115,818
| -59% | -$7.32M |
|
3942
BioCryst Pharmaceuticals
BCRX
$2.51B
| $5.24M | ﹤0.01% |
671,693
+425,932
| +173% | +$3.08M |
|
3943
PUT
Trex
TREX
$4.66B
| $5.23M | ﹤0.01% |
149,200
+50,500
| +51% | +$2.04M |
|
3944
PUT
Direxion Daily MSCI India Bull 2X ETF
INDL
$56.2M
| $5.23M | ﹤0.01% |
92,000
+5,200
| +6% | +$297K |
|
3945
CALL
Thomson Reuters
TRI
$46B
| $5.22M | ﹤0.01% |
38,989
-16,934
| -30% | -$2.45M |
|
3946
AbCellera Biologics
ABCL
$3.68B
| $5.21M | ﹤0.01% |
1,524,563
+106,030
| +7% | +$473K |
|
3947
PUT
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$198M
| $5.21M | ﹤0.01% |
140,300
+1,800
| +1% | +$62.6K |
|
3948
PUT
Intellia Therapeutics
NTLA
$1.8B
| $5.21M | ﹤0.01% |
579,900
+133,200
| +30% | +$1.83M |
|
3949
PUT
Franklin Templeton
BEN
$17.6B
| $5.21M | ﹤0.01% |
218,200
+56,000
| +35% | +$1.29M |
|
3950
PUT
FIVE9
FIVN
$2.54B
| $5.21M | ﹤0.01% |
259,700
-229,800
| -47% | -$4.88M |
|
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.