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 | |
|---|---|---|---|---|---|---|
4276
PUT
Magnite
MGNI
$3.4B
| $4.26M | ﹤0.01% |
262,700
+61,000
| +30% | +$1.01M |
|
4277
CALL
Organon & Co
OGN
$3.61B
| $4.26M | ﹤0.01% |
594,300
-192,900
| -25% | -$1.52M |
|
4278
Prospect Capital
PSEC
$1.15B
| $4.26M | ﹤0.01% |
1,645,159
-2,091,073
| -56% | -$5.58M |
|
4279
CALL
GraniteShares 2x Long TSLA Daily ETF
TSLR
$71.3M
| $4.26M | ﹤0.01% |
133,000
-175,800
| -57% | -$5.69M |
|
4280
PUT
Ingersoll Rand
IR
$30.5B
| $4.25M | ﹤0.01% |
53,700
+20,700
| +63% | +$1.63M |
|
4281
CALL
Immunovant
IMVT
$8.51B
| $4.25M | ﹤0.01% |
167,300
+97,100
| +138% | +$2.17M |
|
4282
Freedom Holding
FRHC
$11.2B
| $4.25M | ﹤0.01% |
34,939
+9,897
| +40% | +$1.44M |
|
4283
iShares US Utilities ETF
IDU
$1.31B
| $4.25M | ﹤0.01% |
+39,220
| New | +$4.38M |
|
4284
PUT
McEwen Inc
MUX
$1.25B
| $4.25M | ﹤0.01% |
229,500
+66,600
| +41% | +$1.24M |
|
4285
PUT
Cedar Fair
FUN
$1.66B
| $4.25M | ﹤0.01% |
276,800
+71,700
| +35% | +$1.3M |
|
4286
PUT
Curtiss-Wright
CW
$22B
| $4.24M | ﹤0.01% |
7,700
+1,800
| +31% | +$1M |
|
4287
GoDaddy
GDDY
$12.4B
| $4.24M | ﹤0.01% |
34,178
-9,559
| -22% | -$1.24M |
|
4288
Boston Properties
BXP
$11.1B
| $4.24M | ﹤0.01% |
62,777
-61,839
| -50% | -$4.4M |
|
4289
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.02B
| $4.23M | ﹤0.01% |
+44,951
| New | +$4.24M |
|
|
MIAX
4290
CALL
Miami International Holdings
MIAX
$4.27B
| $4.23M | ﹤0.01% |
95,400
-34,400
| -27% | -$1.53M |
|
4291
CALL
Assured Guaranty
AGO
$3.32B
| $4.23M | ﹤0.01% |
47,100
+40,100
| +573% | +$3.46M |
|
4292
Skyworks Solutions
SWKS
$9.9B
| $4.23M | ﹤0.01% |
66,690
-50,508
| -43% | -$3.53M |
|
4293
CALL
Liberty Energy
LBRT
$3.1B
| $4.23M | ﹤0.01% |
229,000
-9,200
| -4% | -$154K |
|
4294
CALL
Lennox International
LII
$13.6B
| $4.22M | ﹤0.01% |
8,700
-5,200
| -37% | -$2.6M |
|
4295
Newmark Group
NMRK
$2.87B
| $4.22M | ﹤0.01% |
243,549
-88,411
| -27% | -$1.55M |
|
4296
CALL
Royalty Pharma
RPRX
$27.1B
| $4.22M | ﹤0.01% |
109,200
-227,000
| -68% | -$8.66M |
|
|
XNET
4297
CALL
Xunlei
XNET
$319M
| $4.21M | ﹤0.01% |
594,300
-474,400
| -44% | -$3.81M |
|
4298
VeriSign
VRSN
$26.4B
| $4.21M | ﹤0.01% |
17,334
+11,307
| +188% | +$2.84M |
|
4299
PUT
Crinetics Pharmaceuticals
CRNX
$9B
| $4.21M | ﹤0.01% |
90,400
+45,400
| +101% | +$2.02M |
|
4300
iShares Future Exponential Technologies ETF
XT
$3.96B
| $4.21M | ﹤0.01% |
60,335
-13,770
| -19% | -$1.01M |
|
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.