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 | |
|---|---|---|---|---|---|---|
4626
ProShares Ultra Dow30
DDM
$585M
| $3.46M | ﹤0.01% |
60,880
+22,402
| +58% | +$1.24M |
|
4627
ProShares Short S&P500
SH
$826M
| $3.46M | ﹤0.01% |
96,061
+72,875
| +314% | +$2.67M |
|
4628
PUT
Legend Biotech
LEGN
$3.87B
| $3.46M | ﹤0.01% |
159,200
-215,000
| -57% | -$6.16M |
|
4629
iShares US Industrials ETF
IYJ
$1.9B
| $3.46M | ﹤0.01% |
23,346
-20,796
| -47% | -$3.04M |
|
4630
Lantronix
LTRX
$251M
| $3.46M | ﹤0.01% |
589,781
+272,487
| +86% | +$1.42M |
|
4631
National Health Investors
NHI
$3.54B
| $3.45M | ﹤0.01% |
45,191
-5,760
| -11% | -$442K |
|
4632
U-Haul Holding Co
UHAL
$13.3B
| $3.45M | ﹤0.01% |
68,437
+52,915
| +341% | +$2.82M |
|
4633
PUT
Sundial Growers
SNDL
$336M
| $3.45M | ﹤0.01% |
2,076,800
+73,300
| +4% | +$147K |
|
4634
nLIGHT
LASR
$2.48B
| $3.44M | ﹤0.01% |
91,819
+2,146
| +2% | +$71.7K |
|
4635
PUT
Fortuna Silver Mines
FSM
$3.63B
| $3.44M | ﹤0.01% |
351,000
+113,100
| +48% | +$1.02M |
|
|
LTM
4636
LATAM Airlines Group S.A.
LTM
$14.5B
| $3.44M | ﹤0.01% |
63,748
+22,334
| +54% | +$1.06M |
|
4637
CALL
Core & Main
CNM
$8.05B
| $3.44M | ﹤0.01% |
66,200
-195,400
| -75% | -$10M |
|
4638
CALL
US Foods
USFD
$23.2B
| $3.43M | ﹤0.01% |
45,600
-39,600
| -46% | -$2.97M |
|
4639
PUT
Better Home & Finance Holding
BETR
$263M
| $3.43M | ﹤0.01% |
105,300
+91,500
| +663% | +$4.95M |
|
4640
PUT
Kilroy Realty
KRC
$4.21B
| $3.43M | ﹤0.01% |
91,800
+71,800
| +359% | +$2.93M |
|
4641
Power Integrations
POWI
$2.88B
| $3.43M | ﹤0.01% |
96,514
+70,972
| +278% | +$2.69M |
|
4642
PUT
NovoCure
NVCR
$2.08B
| $3.43M | ﹤0.01% |
265,200
+169,900
| +178% | +$2.18M |
|
4643
PUT
Idaho Strategic Resources
IDR
$512M
| $3.43M | ﹤0.01% |
85,000
+55,800
| +191% | +$2.13M |
|
4644
JB Hunt Transport Services
JBHT
$24.5B
| $3.42M | ﹤0.01% |
17,616
-18,929
| -52% | -$3.25M |
|
4645
PUT
Beam Therapeutics
BEAM
$3.03B
| $3.42M | ﹤0.01% |
123,500
+24,500
| +25% | +$625K |
|
4646
CALL
Wyndham Hotels & Resorts
WH
$5.64B
| $3.42M | ﹤0.01% |
45,300
+300
| +0.7% | +$22.6K |
|
4647
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.14B
| $3.42M | ﹤0.01% |
108,800
-19,500
| -15% | -$614K |
|
4648
PUT
Procore
PCOR
$9.68B
| $3.42M | ﹤0.01% |
47,000
-24,700
| -34% | -$1.83M |
|
4649
United States Natural Gas Fund
UNG
$520M
| $3.42M | ﹤0.01% |
+278,808
| New | +$3.75M |
|
4650
First Trust India Nifty 50 Equal Weight ETF
NFTY
$117M
| $3.42M | ﹤0.01% |
58,606
+18,628
| +47% | +$1.09M |
|
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.