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 | |
|---|---|---|---|---|---|---|
4126
CALL
RadNet
RDNT
$5.87B
| $4.69M | ﹤0.01% |
65,700
+31,700
| +93% | +$2.45M |
|
4127
CALL
AutoNation
AN
$6.62B
| $4.69M | ﹤0.01% |
22,700
+10,300
| +83% | +$2.14M |
|
4128
KE Holdings
BEKE
$20.2B
| $4.68M | ﹤0.01% |
297,107
-99,434
| -25% | -$1.71M |
|
4129
CALL
Ollie's Bargain Outlet
OLLI
$4.38B
| $4.68M | ﹤0.01% |
42,700
-15,400
| -27% | -$1.86M |
|
4130
CALL
First Trust NASDAQ Cybersecurity ETF
CIBR
$15.7B
| $4.68M | ﹤0.01% |
65,500
+32,900
| +101% | +$2.47M |
|
4131
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.9B
| $4.68M | ﹤0.01% |
89,914
+76,092
| +551% | +$3.93M |
|
4132
Ferrovial N.V. Ordinary Shares
FER
$42.3B
| $4.67M | ﹤0.01% |
72,963
-152,896
| -68% | -$9.67M |
|
4133
Emergent Biosolutions
EBS
$303M
| $4.67M | ﹤0.01% |
377,712
+98,759
| +35% | +$1.06M |
|
4134
McGrath RentCorp
MGRC
$2.74B
| $4.67M | ﹤0.01% |
44,489
+1,180
| +3% | +$128K |
|
4135
PUT
BCE
BCE
$21.9B
| $4.67M | ﹤0.01% |
195,900
-175,800
| -47% | -$4.09M |
|
4136
PUT
Kyndryl
KD
$2.88B
| $4.66M | ﹤0.01% |
175,600
+125,700
| +252% | +$3.41M |
|
4137
iShares MSCI Emerging Markets ETF
EEM
$31.2B
| $4.66M | ﹤0.01% |
85,172
-348,856
| -80% | -$19M |
|
4138
CALL
iShares Core MSCI Emerging Markets ETF
IEMG
$160B
| $4.66M | ﹤0.01% |
69,300
-2,900
| -4% | -$195K |
|
4139
PUT
Vor Biopharma
VOR
$1.34B
| $4.66M | ﹤0.01% |
355,900
-62,900
| -15% | -$1.17M |
|
4140
Lyell Immunopharma
LYEL
$356M
| $4.65M | ﹤0.01% |
151,016
+134,857
| +835% | +$3.02M |
|
4141
CALL
Copa Holdings
CPA
$5.29B
| $4.64M | ﹤0.01% |
38,500
-41,500
| -52% | -$5.08M |
|
4142
Zymeworks
ZYME
$2.02B
| $4.64M | ﹤0.01% |
176,088
+124,034
| +238% | +$2.71M |
|
4143
PUT
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$28.2M
| $4.63M | ﹤0.01% |
390,400
+378,520
| +3,186% | +$5.02M |
|
4144
iShares Russell 1000 Value ETF
IWD
$84.3B
| $4.63M | ﹤0.01% |
22,028
-2,310
| -9% | -$477K |
|
4145
TriNet
TNET
$3.23B
| $4.63M | ﹤0.01% |
78,326
-1,437
| -2% | -$85.4K |
|
|
GOLD
4146
CALL
Gold.com Inc
GOLD
$1.32B
| $4.63M | ﹤0.01% |
136,000
+83,800
| +161% | +$2.39M |
|
4147
Vanguard Global ex-US Real Estate ETF
VNQI
$3.49B
| $4.63M | ﹤0.01% |
100,926
+93,638
| +1,285% | +$4.42M |
|
4148
Asana
ASAN
$2.35B
| $4.63M | ﹤0.01% |
337,449
-202,037
| -37% | -$2.78M |
|
4149
CALL
EnerSys
ENS
$6.69B
| $4.62M | ﹤0.01% |
31,500
+28,100
| +826% | +$3.75M |
|
4150
Citizens Financial Group
CFG
$29.4B
| $4.62M | ﹤0.01% |
79,052
-80,661
| -51% | -$4.33M |
|
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.