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 | |
|---|---|---|---|---|---|---|
4176
Leidos
LDOS
$17.7B
| $4.55M | ﹤0.01% |
25,230
-12,948
| -34% | -$2.45M |
|
|
DPRO
4177
CALL
Draganfly
DPRO
$166M
| $4.55M | ﹤0.01% |
658,200
-512,000
| -44% | -$4.32M |
|
4178
Pentair
PNR
$9.84B
| $4.54M | ﹤0.01% |
43,643
-54,238
| -55% | -$5.79M |
|
4179
CALL
Carlisle Companies
CSL
$14.2B
| $4.54M | ﹤0.01% |
14,200
+300
| +2% | +$97.2K |
|
4180
American Express Global Business Travel
GBTG
$4.95B
| $4.54M | ﹤0.01% |
+593,593
| New | +$4.6M |
|
4181
PUT
West Pharmaceutical
WST
$23.7B
| $4.54M | ﹤0.01% |
16,500
-27,200
| -62% | -$7.44M |
|
|
HSAI
4182
CALL
Hesai Group
HSAI
$2.74B
| $4.54M | ﹤0.01% |
202,600
-337,700
| -63% | -$7.39M |
|
4183
PUT
Pitney Bowes
PBI
$2.36B
| $4.54M | ﹤0.01% |
429,100
+11,900
| +3% | +$123K |
|
4184
PUT
Howard Hughes
HHH
$3.87B
| $4.53M | ﹤0.01% |
56,800
-92,500
| -62% | -$7.66M |
|
4185
Ardelyx
ARDX
$984M
| $4.53M | ﹤0.01% |
776,205
+156,200
| +25% | +$870K |
|
4186
CALL
Carlyle Secured Lending
CGBD
$811M
| $4.52M | ﹤0.01% |
+362,200
| New | +$4.51M |
|
4187
CALL
Genpact
G
$6.39B
| $4.52M | ﹤0.01% |
96,700
+85,600
| +771% | +$3.7M |
|
4188
iShares Global Consumer Discretionary ETF
RXI
$270M
| $4.52M | ﹤0.01% |
22,013
-6,060
| -22% | -$1.25M |
|
4189
PUT
American Superconductor
AMSC
$1.38B
| $4.51M | ﹤0.01% |
156,800
-14,200
| -8% | -$614K |
|
4190
CALL
Skywest
SKYW
$3.84B
| $4.51M | ﹤0.01% |
44,900
-2,400
| -5% | -$240K |
|
4191
CALL
iShares Core US Aggregate Bond ETF
AGG
$138B
| $4.5M | ﹤0.01% |
45,100
+4,000
| +10% | +$401K |
|
|
ONT
4192
CALL
Onterris Inc
ONT
$598M
| $4.5M | ﹤0.01% |
181,400
-21,000
| -10% | -$555K |
|
4193
PUT
Merit Medical Systems
MMSI
$5.4B
| $4.5M | ﹤0.01% |
51,100
+33,400
| +189% | +$2.84M |
|
|
UNIT
4194
CALL
Uniti Group
UNIT
$2.43B
| $4.5M | ﹤0.01% |
642,300
+99,300
| +18% | +$629K |
|
|
MSTX
4195
PUT
Defiance Daily Target 2x Long MSTR ETF
MSTX
$260M
| $4.49M | ﹤0.01% |
116,730
-83,510
| -42% | -$9.07M |
|
|
RZLV
4196
CALL
Rezolve AI
RZLV
$1.18B
| $4.49M | ﹤0.01% |
1,748,400
+231,500
| +15% | +$873K |
|
4197
Compass
COMP
$8.42B
| $4.49M | ﹤0.01% |
424,494
-132,633
| -24% | -$1.21M |
|
4198
JPMorgan Diversified Return International Equity ETF
JPIN
$378M
| $4.48M | ﹤0.01% |
65,796
-2,650
| -4% | -$179K |
|
4199
CALL
Kingstone Companies
KINS
$290M
| $4.48M | ﹤0.01% |
266,100
+206,100
| +344% | +$3.14M |
|
4200
Inspire Medical Systems
INSP
$1.78B
| $4.47M | ﹤0.01% |
48,497
-20,831
| -30% | -$1.99M |
|
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.