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 | |
|---|---|---|---|---|---|---|
4151
CALL
Iovance Biotherapeutics
IOVA
$3.63B
| $4.62M | ﹤0.01% |
1,691,100
+255,900
| +18% | +$592K |
|
|
SMCX
4152
CALL
Defiance Daily Target 2X Long SMCI ETF
SMCX
$168M
| $4.61M | ﹤0.01% |
202,250
-172,050
| -46% | -$9.56M |
|
4153
CALL
Steven Madden
SHOO
$3.24B
| $4.61M | ﹤0.01% |
110,700
+68,600
| +163% | +$2.65M |
|
4154
PUT
Remitly
RELY
$5.62B
| $4.61M | ﹤0.01% |
334,000
+59,700
| +22% | +$867K |
|
4155
Terex
TEX
$7.28B
| $4.61M | ﹤0.01% |
86,269
+45,031
| +109% | +$2.27M |
|
4156
CALL
MicroSectors FANG+ ETNs due Jan 8 2038
FNGS
$606M
| $4.6M | ﹤0.01% |
67,600
+27,800
| +70% | +$1.96M |
|
4157
CALL
Grupo Cibest SA
CIB
$23B
| $4.6M | ﹤0.01% |
72,300
+23,700
| +49% | +$1.42M |
|
4158
PUT
Seanergy Maritime Holdings
SHIP
$385M
| $4.59M | ﹤0.01% |
497,200
+189,900
| +62% | +$1.72M |
|
|
UNIT
4159
Uniti Group
UNIT
$2.43B
| $4.59M | ﹤0.01% |
654,488
-246,148
| -27% | -$1.56M |
|
4160
PUT
Atlanta Braves Holdings Series A
BATRA
$3.58B
| $4.58M | ﹤0.01% |
107,900
+17,700
| +20% | +$761K |
|
4161
ProShares UltraPro Dow 30
UDOW
$872M
| $4.58M | ﹤0.01% |
79,070
+3,572
| +5% | +$200K |
|
4162
TETRA Technologies
TTI
$1.01B
| $4.58M | ﹤0.01% |
488,601
-181,039
| -27% | -$1.4M |
|
4163
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.6B
| $4.58M | ﹤0.01% |
42,893
+19,962
| +87% | +$2.12M |
|
4164
Fiverr
FVRR
$340M
| $4.57M | ﹤0.01% |
231,501
+191,621
| +480% | +$4.13M |
|
4165
CALL
Strategic Education
STRA
$1.88B
| $4.57M | ﹤0.01% |
57,000
+52,300
| +1,113% | +$4.18M |
|
4166
CALL
Commercial Metals
CMC
$7.48B
| $4.57M | ﹤0.01% |
66,000
-28,600
| -30% | -$1.79M |
|
4167
Fabrinet
FN
$14.8B
| $4.56M | ﹤0.01% |
+10,026
| New | +$4.36M |
|
4168
CALL
BlackBerry
BB
$4.78B
| $4.56M | ﹤0.01% |
1,204,200
-591,600
| -33% | -$2.6M |
|
4169
CALL
Cemex
CX
$15.7B
| $4.56M | ﹤0.01% |
397,100
-404,300
| -50% | -$4.18M |
|
4170
CALL
WEX
WEX
$6.72B
| $4.56M | ﹤0.01% |
30,600
+10,600
| +53% | +$1.6M |
|
4171
CALL
Pegasystems
PEGA
$5.95B
| $4.56M | ﹤0.01% |
76,300
+35,400
| +87% | +$2.07M |
|
4172
Vertex
VERX
$2.31B
| $4.56M | ﹤0.01% |
228,108
-500,525
| -69% | -$10.8M |
|
4173
WisdomTree International Efficient Core Fund
NTSI
$502M
| $4.56M | ﹤0.01% |
+103,317
| New | +$4.52M |
|
4174
Global X MSCI SuperDividend Emerging Markets ETF
SDEM
$45.1M
| $4.55M | ﹤0.01% |
151,877
+10,000
| +7% | +$293K |
|
4175
Cognex
CGNX
$10.2B
| $4.55M | ﹤0.01% |
126,551
-195,892
| -61% | -$7.93M |
|
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.