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 | |
|---|---|---|---|---|---|---|
4301
Ziff Davis
ZD
$1.91B
| $4.21M | ﹤0.01% |
119,655
-20,114
| -14% | -$701K |
|
|
IA
4302
Innovative Solutions & Support
IA
$370M
| $4.2M | ﹤0.01% |
221,745
+4,226
| +2% | +$48.1K |
|
4303
Hudbay
HBM
$13B
| $4.2M | ﹤0.01% |
211,548
+56,845
| +37% | +$961K |
|
4304
PUT
FLEX LNG
FLNG
$1.7B
| $4.19M | ﹤0.01% |
168,100
+36,400
| +28% | +$928K |
|
4305
CALL
Remitly
RELY
$5.62B
| $4.19M | ﹤0.01% |
303,900
-525,600
| -63% | -$7.64M |
|
4306
ProShares Ultra Gold
UGL
$852M
| $4.19M | ﹤0.01% |
75,524
+4,024
| +6% | +$211K |
|
|
AD
4307
PUT
Array Digital Infrastructure
AD
$3.11B
| $4.19M | ﹤0.01% |
78,100
-56,300
| -42% | -$2.78M |
|
4308
CytomX Therapeutics
CTMX
$699M
| $4.18M | ﹤0.01% |
981,598
+714,113
| +267% | +$2.71M |
|
4309
State Street SPDR S&P Semiconductor ETF
XSD
$2.59B
| $4.18M | ﹤0.01% |
12,993
-3,975
| -23% | -$1.31M |
|
4310
PUT
Zillow
ZG
$8.23B
| $4.18M | ﹤0.01% |
61,200
-57,100
| -48% | -$4.02M |
|
4311
Shutterstock
SSTK
$221M
| $4.18M | ﹤0.01% |
218,595
+91,414
| +72% | +$1.95M |
|
|
ROBN
4312
T-Rex 2X Long HOOD Daily Target ETF
ROBN
$129M
| $4.17M | ﹤0.01% |
77,078
+69,330
| +895% | +$5.72M |
|
4313
CALL
Kaspi.kz JSC
KSPI
$20.2B
| $4.17M | ﹤0.01% |
53,400
-59,000
| -52% | -$4.46M |
|
|
FNGU
4314
MicroSectors FANG+ 3x Leveraged ETNs due Feb 17 2045
FNGU
$2.69B
| $4.17M | ﹤0.01% |
+165,032
| New | +$4.77M |
|
4315
PUT
Alphatec Holdings
ATEC
$1.46B
| $4.17M | ﹤0.01% |
198,000
+154,700
| +357% | +$2.86M |
|
4316
Globant
GLOB
$1.75B
| $4.17M | ﹤0.01% |
63,721
-26,985
| -30% | -$1.7M |
|
4317
PUT
Parsons
PSN
$5.23B
| $4.17M | ﹤0.01% |
67,400
+20,900
| +45% | +$1.64M |
|
4318
Lennar Class B
LEN.B
$20.5B
| $4.16M | ﹤0.01% |
43,739
+37,048
| +554% | +$4.2M |
|
4319
CALL
Stem
STEM
$52.4M
| $4.16M | ﹤0.01% |
276,300
-31,800
| -10% | -$609K |
|
4320
ProShares UltraShort Bloomberg Natural Gas
KOLD
$105M
| $4.16M | ﹤0.01% |
117,863
+98,174
| +499% | +$3.07M |
|
4321
Range Resources
RRC
$9.69B
| $4.16M | ﹤0.01% |
117,890
-9,802
| -8% | -$365K |
|
4322
CALL
Boston Beer
SAM
$1.88B
| $4.16M | ﹤0.01% |
21,300
-78,600
| -79% | -$16.2M |
|
4323
CALL
Grindr
GRND
$2.71B
| $4.15M | ﹤0.01% |
306,800
-8,200
| -3% | -$111K |
|
4324
Halozyme
HALO
$12B
| $4.15M | ﹤0.01% |
61,706
+54,441
| +749% | +$3.66M |
|
4325
CALL
NewAmsterdam Pharma
NAMS
$3.1B
| $4.15M | ﹤0.01% |
+118,300
| New | +$4.31M |
|
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.