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 | |
|---|---|---|---|---|---|---|
4401
NiSource
NI
$19.5B
| $3.98M | ﹤0.01% |
95,328
+21,046
| +28% | +$899K |
|
|
TWO
4402
CALL
DELISTED
Two Harbors Investment
TWO
| $3.98M | ﹤0.01% |
379,000
+233,900
| +161% | +$2.34M |
|
4403
Trex
TREX
$4.66B
| $3.98M | ﹤0.01% |
113,401
+73,718
| +186% | +$2.98M |
|
4404
ProShares UltraShort S&P500
SDS
$393M
| $3.98M | ﹤0.01% |
+58,043
| New | +$4.1M |
|
4405
PUT
CNX Resources
CNX
$5.36B
| $3.97M | ﹤0.01% |
108,100
-3,200
| -3% | -$115K |
|
4406
ScottsMiracle-Gro
SMG
$3.52B
| $3.97M | ﹤0.01% |
68,090
-28,703
| -30% | -$1.61M |
|
|
JMIA
4407
PUT
Jumia Technologies
JMIA
$865M
| $3.97M | ﹤0.01% |
317,900
+14,400
| +5% | +$166K |
|
4408
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.82B
| $3.97M | ﹤0.01% |
46,855
+44,382
| +1,795% | +$3.72M |
|
4409
PUT
Denison Mines
DNN
$3.07B
| $3.96M | ﹤0.01% |
1,489,500
+590,400
| +66% | +$1.61M |
|
4410
CALL
Credicorp
BAP
$29.3B
| $3.96M | ﹤0.01% |
13,800
+7,100
| +106% | +$1.88M |
|
4411
CALL
Toro Company
TTC
$9.43B
| $3.96M | ﹤0.01% |
50,300
-66,000
| -57% | -$4.88M |
|
4412
Booz Allen Hamilton
BAH
$9.05B
| $3.96M | ﹤0.01% |
46,928
-662,573
| -93% | -$59.3M |
|
4413
CALL
Extra Space Storage
EXR
$30.2B
| $3.96M | ﹤0.01% |
30,400
-25,100
| -45% | -$3.42M |
|
4414
PUT
Levi Strauss
LEVI
$8.19B
| $3.95M | ﹤0.01% |
190,500
-226,800
| -54% | -$4.89M |
|
|
OPRA
4415
PUT
Opera Ltd
OPRA
$1.74B
| $3.95M | ﹤0.01% |
279,000
+78,700
| +39% | +$1.16M |
|
4416
BellRing Brands
BRBR
$1.24B
| $3.95M | ﹤0.01% |
147,789
+105,115
| +246% | +$3.26M |
|
4417
PUT
Thomson Reuters
TRI
$46B
| $3.94M | ﹤0.01% |
29,438
-168,163
| -85% | -$24.4M |
|
4418
Innodata
INOD
$1.95B
| $3.94M | ﹤0.01% |
77,363
+29,500
| +62% | +$1.92M |
|
4419
Tilray
TLRY
$631M
| $3.94M | ﹤0.01% |
436,165
-576,448
| -57% | -$7.03M |
|
|
ONIT
4420
PUT
Onity Group
ONIT
$296M
| $3.94M | ﹤0.01% |
+86,000
| New | +$3.53M |
|
4421
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $3.94M | ﹤0.01% |
40,635
+13,928
| +52% | +$1.34M |
|
4422
CALL
Banc of California
BANC
$2.95B
| $3.94M | ﹤0.01% |
204,000
-143,500
| -41% | -$2.57M |
|
|
EXK
4423
PUT
Endeavour Silver
EXK
$3.19B
| $3.93M | ﹤0.01% |
418,500
+254,800
| +156% | +$2.16M |
|
4424
Coca-Cola Consolidated
COKE
$13.2B
| $3.92M | ﹤0.01% |
+25,585
| New | +$3.75M |
|
4425
Murphy USA
MUSA
$9.25B
| $3.92M | ﹤0.01% |
9,713
-455
| -4% | -$175K |
|
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.