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 | |
|---|---|---|---|---|---|---|
4701
A.O. Smith
AOS
$8.21B
| $3.31M | ﹤0.01% |
49,554
-58
| -0.1% | -$3.92K |
|
4702
PUT
Amdocs
DOX
$6.57B
| $3.31M | ﹤0.01% |
41,100
+600
| +1% | +$48.2K |
|
4703
Fidelity MSCI Industrials Index ETF
FIDU
$2.27B
| $3.31M | ﹤0.01% |
40,108
+5,233
| +15% | +$429K |
|
4704
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY
$11.6B
| $3.31M | ﹤0.01% |
86,295
+44,108
| +105% | +$1.67M |
|
4705
Corpay
CPAY
$26.8B
| $3.31M | ﹤0.01% |
10,988
-2,928
| -21% | -$850K |
|
4706
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.9B
| $3.31M | ﹤0.01% |
16,009
-23,284
| -59% | -$4.65M |
|
4707
PUT
Republic Services
RSG
$68B
| $3.31M | ﹤0.01% |
15,600
-175,800
| -92% | -$37.8M |
|
4708
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $3.31M | ﹤0.01% |
34,331
-239,757
| -87% | -$23M |
|
4709
Amplify Online Retail ETF
IBUY
$129M
| $3.3M | ﹤0.01% |
44,391
-1,205
| -3% | -$89.2K |
|
4710
CALL
Euronet Worldwide
EEFT
$2.62B
| $3.3M | ﹤0.01% |
43,400
-8,800
| -17% | -$686K |
|
|
SOLT
4711
CALL
2x Solana ETF
SOLT
$214M
| $3.3M | ﹤0.01% |
25,885
+13,370
| +107% | +$3.46M |
|
4712
iShares US Basic Materials ETF
IYM
$1.03B
| $3.3M | ﹤0.01% |
21,453
-24,571
| -53% | -$3.64M |
|
4713
MBIA
MBI
$244M
| $3.3M | ﹤0.01% |
461,241
+178,083
| +63% | +$1.29M |
|
4714
Yeti Holdings
YETI
$3.03B
| $3.3M | ﹤0.01% |
74,754
-22,736
| -23% | -$874K |
|
4715
iShares MSCI EAFE Value ETF
EFV
$31.6B
| $3.3M | ﹤0.01% |
46,204
-744,388
| -94% | -$51.7M |
|
4716
iShares MSCI BIC ETF
BKF
$75.3M
| $3.29M | ﹤0.01% |
75,163
-5,057
| -6% | -$226K |
|
4717
CALL
Heritage Insurance Holdings
HRTG
$1.01B
| $3.29M | ﹤0.01% |
112,500
+50,600
| +82% | +$1.37M |
|
4718
PUT
iShares MSCI Taiwan ETF
EWT
$11.7B
| $3.29M | ﹤0.01% |
51,800
-66,400
| -56% | -$4.28M |
|
4719
Planet Labs
PL
$7.12B
| $3.29M | ﹤0.01% |
+166,771
| New | +$2.39M |
|
4720
Powell Industries
POWL
$6.66B
| $3.29M | ﹤0.01% |
30,945
+18,873
| +156% | +$2.12M |
|
|
CMPS
4721
PUT
Compass Pathways
CMPS
$1.9B
| $3.29M | ﹤0.01% |
476,500
+122,800
| +35% | +$749K |
|
4722
Invesco International BuyBack Achievers ETF
IPKW
$563M
| $3.29M | ﹤0.01% |
59,112
+19,681
| +50% | +$1.05M |
|
4723
PUT
Antero Midstream
AM
$10.6B
| $3.28M | ﹤0.01% |
184,500
+76,500
| +71% | +$1.38M |
|
4724
CALL
ProShares UltraShort QQQ
QID
$216M
| $3.28M | ﹤0.01% |
162,400
-58,000
| -26% | -$1.19M |
|
4725
Global X Gold Explorers ETF NEW
GOEX
$142M
| $3.28M | ﹤0.01% |
+40,687
| New | +$2.98M |
|
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.