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 | |
|---|---|---|---|---|---|---|
4576
CALL
Xenon Pharmaceuticals
XENE
$5.81B
| $3.58M | ﹤0.01% |
79,800
+50,000
| +168% | +$2.1M |
|
4577
CALL
ICICI Bank
IBN
$107B
| $3.58M | ﹤0.01% |
120,000
-241,500
| -67% | -$7.41M |
|
4578
CALL
AMC Entertainment Holdings
AMC
$2.31B
| $3.58M | ﹤0.01% |
2,291,700
-2,219,700
| -49% | -$5.29M |
|
4579
Jack Henry & Associates
JKHY
$12.1B
| $3.57M | ﹤0.01% |
19,584
-62,948
| -76% | -$10.5M |
|
|
GAU
4580
Galiano Gold
GAU
$599M
| $3.57M | ﹤0.01% |
1,411,393
+1,020,984
| +262% | +$2.52M |
|
4581
CALL
Zebra Technologies
ZBRA
$16.9B
| $3.57M | ﹤0.01% |
14,700
-8,200
| -36% | -$2.19M |
|
4582
VictoryShares US Small Mid Cap Value Momentum ETF
USVM
$1.77B
| $3.57M | ﹤0.01% |
39,093
-7,061
| -15% | -$640K |
|
4583
PUT
Textron
TXT
$14.3B
| $3.57M | ﹤0.01% |
40,900
+15,500
| +61% | +$1.3M |
|
4584
Newell Brands
NWL
$2.63B
| $3.56M | ﹤0.01% |
957,773
+862,234
| +902% | +$3.48M |
|
4585
CALL
BioCryst Pharmaceuticals
BCRX
$2.51B
| $3.56M | ﹤0.01% |
456,400
+427,200
| +1,463% | +$3.09M |
|
4586
JPMorgan International Bond Opportunities ETF
JPIB
$2.16B
| $3.56M | ﹤0.01% |
73,090
-10,882
| -13% | -$532K |
|
4587
CALL
iShares MBS ETF
MBB
$39B
| $3.55M | ﹤0.01% |
37,300
+6,500
| +21% | +$620K |
|
4588
PUT
Schrodinger
SDGR
$1.47B
| $3.55M | ﹤0.01% |
198,400
+52,200
| +36% | +$990K |
|
|
SF
4589
PUT
Stifel
SF
$12.3B
| $3.54M | ﹤0.01% |
+42,450
| New | +$3.39M |
|
4590
Allegro MicroSystems
ALGM
$6.67B
| $3.54M | ﹤0.01% |
134,280
+7,522
| +6% | +$207K |
|
4591
Ceco Environmental
CECO
$4.08B
| $3.54M | ﹤0.01% |
59,184
+18,370
| +45% | +$983K |
|
4592
BlackRock ETF Trust II iShares AAA CLO Active ETF
CLOA
$2.28B
| $3.54M | ﹤0.01% |
+68,410
| New | +$3.54M |
|
4593
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$16.9B
| $3.54M | ﹤0.01% |
75,500
+10,688
| +16% | +$498K |
|
4594
CALL
Invesco CurrencyShares Swiss Franc Trust
FXF
$381M
| $3.54M | ﹤0.01% |
31,700
+25,600
| +420% | +$2.83M |
|
4595
Tiptree Inc
TIPT
$687M
| $3.53M | ﹤0.01% |
193,323
-23,610
| -11% | -$430K |
|
4596
PUT
Cincinnati Financial
CINF
$26.4B
| $3.53M | ﹤0.01% |
21,600
+10,400
| +93% | +$1.68M |
|
4597
Bio-Techne
TECH
$11.3B
| $3.52M | ﹤0.01% |
59,918
-5,317
| -8% | -$323K |
|
|
SKE
4598
PUT
Skeena Resources
SKE
$4.17B
| $3.52M | ﹤0.01% |
148,400
+105,000
| +242% | +$2.07M |
|
4599
CALL
Invesco China Technology ETF
CQQQ
$3.07B
| $3.52M | ﹤0.01% |
67,700
+24,300
| +56% | +$1.32M |
|
4600
CALL
United States Gasoline Fund
UGA
$146M
| $3.52M | ﹤0.01% |
57,000
+17,300
| +44% | +$1.11M |
|
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.