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 | |
|---|---|---|---|---|---|---|
4326
PUT
Janux Therapeutics
JANX
$1.1B
| $4.15M | ﹤0.01% |
300,500
+133,400
| +80% | +$3.14M |
|
4327
CALL
Banco Bilbao Vizcaya Argentaria
BBVA
$160B
| $4.15M | ﹤0.01% |
177,900
+139,400
| +362% | +$2.91M |
|
4328
Alerian MLP ETF
AMLP
$13.4B
| $4.14M | ﹤0.01% |
+88,081
| New | +$4.12M |
|
|
PCH
4329
CALL
DELISTED
PotlatchDeltic
PCH
| $4.14M | ﹤0.01% |
104,100
+21,500
| +26% | +$870K |
|
4330
Sensata Technologies
ST
$5.97B
| $4.14M | ﹤0.01% |
124,372
-54,207
| -30% | -$1.73M |
|
4331
CALL
Watts Water Technologies
WTS
$12.2B
| $4.14M | ﹤0.01% |
15,000
+500
| +3% | +$138K |
|
4332
ActivePassive International Equity ETF
APIE
$1.16B
| $4.14M | ﹤0.01% |
116,474
-34,889
| -23% | -$1.26M |
|
4333
Sanmina
SANM
$10.4B
| $4.14M | ﹤0.01% |
27,557
+21,556
| +359% | +$3.18M |
|
|
EU
4334
enCore Energy
EU
$249M
| $4.13M | ﹤0.01% |
1,666,924
-908,118
| -35% | -$2.6M |
|
4335
CALL
NOV
NOV
$7.48B
| $4.13M | ﹤0.01% |
264,100
+78,300
| +42% | +$1.16M |
|
4336
Dynatrace
DT
$15.5B
| $4.13M | ﹤0.01% |
95,228
+10,841
| +13% | +$505K |
|
|
SUPV
4337
PUT
Grupo Supervielle
SUPV
$728M
| $4.13M | ﹤0.01% |
349,000
-25,200
| -7% | -$246K |
|
4338
CALL
Service Corp International
SCI
$11.4B
| $4.12M | ﹤0.01% |
52,900
-18,200
| -26% | -$1.46M |
|
4339
CALL
VanEck Rare Earth/Strategic Metals ETF
REMX
$2.27B
| $4.12M | ﹤0.01% |
55,700
-55,300
| -50% | -$3.97M |
|
|
NNDM
4340
Nano Dimension
NNDM
$333M
| $4.12M | ﹤0.01% |
2,673,453
+707,144
| +36% | +$1.2M |
|
4341
CALL
NB Bancorp
NBBK
$984M
| $4.11M | ﹤0.01% |
207,600
+133,800
| +181% | +$2.55M |
|
4342
CALL
TETRA Technologies
TTI
$1.01B
| $4.11M | ﹤0.01% |
439,100
+158,700
| +57% | +$1.22M |
|
|
WRD
4343
PUT
WeRide Inc
WRD
$1.99B
| $4.11M | ﹤0.01% |
473,900
-281,800
| -37% | -$2.62M |
|
4344
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.88B
| $4.11M | ﹤0.01% |
44,166
+39,591
| +865% | +$3.68M |
|
4345
CALL
Crescent Energy
CRGY
$4.47B
| $4.11M | ﹤0.01% |
489,800
+340,700
| +229% | +$2.99M |
|
4346
CALL
FMC
FMC
$1.42B
| $4.11M | ﹤0.01% |
296,000
-196,900
| -40% | -$3.75M |
|
|
OSG
4347
Octave Specialty Group
OSG
$209M
| $4.1M | ﹤0.01% |
526,588
+252,278
| +92% | +$2.16M |
|
4348
Fortuna Silver Mines
FSM
$3.63B
| $4.09M | ﹤0.01% |
416,874
+337,069
| +422% | +$3.03M |
|
4349
Prime Medicine
PRME
$655M
| $4.08M | ﹤0.01% |
1,176,727
+592,303
| +101% | +$2.63M |
|
4350
PUT
Evercore
EVR
$11.2B
| $4.08M | ﹤0.01% |
12,000
-11,900
| -50% | -$3.82M |
|
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.