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 | |
|---|---|---|---|---|---|---|
4476
MACOM Technology Solutions
MTSI
$20.3B
| $3.82M | ﹤0.01% |
22,312
+4,060
| +22% | +$644K |
|
4477
PUT
Hubbell
HUBB
$24.3B
| $3.82M | ﹤0.01% |
8,600
-100
| -1% | -$43.8K |
|
|
VNET
4478
PUT
VNET Group
VNET
$1.86B
| $3.82M | ﹤0.01% |
451,400
-489,100
| -52% | -$4.53M |
|
|
NTSK
4479
PUT
Netskope Inc
NTSK
$6.1B
| $3.82M | ﹤0.01% |
217,700
+145,000
| +199% | +$3.02M |
|
4480
Huron Consulting
HURN
$2.54B
| $3.82M | ﹤0.01% |
22,071
+5,156
| +30% | +$844K |
|
4481
Franklin Templeton
BEN
$17.6B
| $3.82M | ﹤0.01% |
159,730
+108,258
| +210% | +$2.49M |
|
4482
CALL
Neurocrine Biosciences
NBIX
$15.7B
| $3.82M | ﹤0.01% |
26,900
-118,200
| -81% | -$17.1M |
|
4483
PUT
Dyne Therapeutics
DYN
$4.68B
| $3.81M | ﹤0.01% |
195,000
+105,700
| +118% | +$2M |
|
4484
CALL
AXIS Capital
AXS
$7.26B
| $3.81M | ﹤0.01% |
35,600
+17,100
| +92% | +$1.7M |
|
4485
UroGen Pharma
URGN
$2.13B
| $3.81M | ﹤0.01% |
162,725
+15,500
| +11% | +$336K |
|
4486
dLocal
DLO
$4.42B
| $3.81M | ﹤0.01% |
269,439
-20,814
| -7% | -$294K |
|
|
PRMB
4487
PUT
Primo Brands
PRMB
$8.32B
| $3.8M | ﹤0.01% |
232,700
+175,600
| +308% | +$3.25M |
|
4488
ICICI Bank
IBN
$107B
| $3.8M | ﹤0.01% |
127,615
-95,836
| -43% | -$2.94M |
|
4489
ARK Web x.0 ETF
ARKW
$1.83B
| $3.8M | ﹤0.01% |
25,730
-28,070
| -52% | -$4.55M |
|
4490
Western Alliance Bancorporation
WAL
$8.57B
| $3.8M | ﹤0.01% |
45,163
-17,366
| -28% | -$1.41M |
|
4491
Aquestive Therapeutics
AQST
$630M
| $3.79M | ﹤0.01% |
587,249
-501,395
| -46% | -$3.12M |
|
4492
CALL
BrightSpring Health Services
BTSG
$11.7B
| $3.79M | ﹤0.01% |
101,100
+78,300
| +343% | +$2.63M |
|
4493
CALL
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$206M
| $3.78M | ﹤0.01% |
94,300
-112,000
| -54% | -$5.38M |
|
4494
CALL
FuelCell Energy
FCEL
$1.42B
| $3.78M | ﹤0.01% |
517,200
+85,500
| +20% | +$699K |
|
|
FBCG
4495
Fidelity Blue Chip Growth ETF
FBCG
$7.31B
| $3.78M | ﹤0.01% |
+68,920
| New | +$3.74M |
|
4496
Veritone
VERI
$80.2M
| $3.78M | ﹤0.01% |
812,545
+761,991
| +1,507% | +$4.1M |
|
4497
CALL
United States Brent Oil Fund
BNO
$638M
| $3.78M | ﹤0.01% |
133,300
-102,300
| -43% | -$2.95M |
|
4498
iShares US Consumer Discretionary ETF
IYC
$1.2B
| $3.77M | ﹤0.01% |
36,577
+34,598
| +1,748% | +$3.56M |
|
4499
CALL
TAL Education Group
TAL
$6.62B
| $3.77M | ﹤0.01% |
345,500
+6,800
| +2% | +$77.2K |
|
4500
CALL
iShares MSCI Mexico ETF
EWW
$1.77B
| $3.76M | ﹤0.01% |
54,300
+10,500
| +24% | +$709K |
|
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.