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 | |
|---|---|---|---|---|---|---|
4051
PENN Entertainment
PENN
$2.33B
| $4.9M | ﹤0.01% |
332,022
-415,051
| -56% | -$6.48M |
|
4052
PUT
Vipshop
VIPS
$6.42B
| $4.9M | ﹤0.01% |
276,800
-611,800
| -69% | -$11.8M |
|
|
Q
4053
CALL
Qnity Electronics Inc
Q
$25.2B
| $4.89M | ﹤0.01% |
+59,900
| New | +$5.09M |
|
4054
PUT
Pampa Energía
PAM
$4.31B
| $4.89M | ﹤0.01% |
55,200
+17,900
| +48% | +$1.44M |
|
4055
ArriVent BioPharma
AVBP
$1.49B
| $4.89M | ﹤0.01% |
+242,828
| New | +$5.05M |
|
4056
Impinj
PI
$5.2B
| $4.88M | ﹤0.01% |
+28,068
| New | +$5M |
|
4057
Pacific Biosciences
PACB
$435M
| $4.88M | ﹤0.01% |
2,611,543
+1,236,284
| +90% | +$2.38M |
|
4058
Olin
OLN
$1.95B
| $4.88M | ﹤0.01% |
234,349
-35,590
| -13% | -$768K |
|
4059
PUT
Herbalife
HLF
$1.3B
| $4.88M | ﹤0.01% |
378,300
-105,700
| -22% | -$1.12M |
|
4060
Church & Dwight Co
CHD
$24B
| $4.87M | ﹤0.01% |
58,114
-26,481
| -31% | -$2.26M |
|
4061
Tradr 2X Long Innovation ETFShort Innovation Daily ETF
SARK
$38.3M
| $4.87M | ﹤0.01% |
+161,026
| New | +$4.73M |
|
4062
CALL
Corebridge Financial
CRBG
$14.5B
| $4.87M | ﹤0.01% |
161,300
-566,200
| -78% | -$17.4M |
|
4063
West Pharmaceutical
WST
$23.7B
| $4.87M | ﹤0.01% |
17,684
+9,345
| +112% | +$2.56M |
|
4064
Antero Resources
AR
$11.8B
| $4.86M | ﹤0.01% |
141,169
-339,535
| -71% | -$11.5M |
|
4065
PUT
Willis Towers Watson
WTW
$31.9B
| $4.86M | ﹤0.01% |
14,800
-49,000
| -77% | -$16M |
|
4066
CALL
Kinetik
KNTK
$4.33B
| $4.86M | ﹤0.01% |
134,800
-48,100
| -26% | -$1.74M |
|
4067
Invesco CurrencyShares Canadian Dollar Trust
FXC
$66.9M
| $4.85M | ﹤0.01% |
68,159
+38,724
| +132% | +$2.71M |
|
4068
PUT
Cullen/Frost Bankers
CFR
$10B
| $4.85M | ﹤0.01% |
38,300
+27,200
| +245% | +$3.41M |
|
4069
PUT
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $4.85M | ﹤0.01% |
51,500
-24,100
| -32% | -$2.27M |
|
4070
PUT
NNN REIT
NNN
$8.77B
| $4.85M | ﹤0.01% |
122,300
+86,000
| +237% | +$3.53M |
|
4071
CALL
Gates Industrial Corp
GTES
$6.55B
| $4.85M | ﹤0.01% |
225,700
+18,600
| +9% | +$429K |
|
4072
Fidelity MSCI Information Technology Index ETF
FTEC
$21.1B
| $4.84M | ﹤0.01% |
21,563
-8,509
| -28% | -$1.93M |
|
4073
PUT
Houlihan Lokey
HLI
$9.3B
| $4.84M | ﹤0.01% |
27,800
+26,000
| +1,444% | +$4.77M |
|
4074
CALL
Kopin
KOPN
$833M
| $4.84M | ﹤0.01% |
2,067,800
+351,600
| +20% | +$1.02M |
|
4075
Evolv Technologies
EVLV
$949M
| $4.84M | ﹤0.01% |
675,464
+643,750
| +2,030% | +$4.58M |
|
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.