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 | |
|---|---|---|---|---|---|---|
4751
CALL
DT Midstream
DTM
$13.2B
| $3.23M | ﹤0.01% |
27,000
-600
| -2% | -$68.9K |
|
4752
PUT
ZTO Express
ZTO
$16.3B
| $3.23M | ﹤0.01% |
154,600
+13,800
| +10% | +$273K |
|
|
TMQ
4753
CALL
Trilogy Metals
TMQ
$625M
| $3.23M | ﹤0.01% |
748,800
+677,200
| +946% | +$3.19M |
|
4754
TC Energy
TRP
$64.4B
| $3.23M | ﹤0.01% |
58,663
+37,012
| +171% | +$1.97M |
|
|
VTG
4755
Vanguard Total Treasury ETF
VTG
$180M
| $3.23M | ﹤0.01% |
42,378
+39,595
| +1,423% | +$3.03M |
|
4756
CALL
Tradeweb Markets
TW
$23B
| $3.23M | ﹤0.01% |
30,000
-81,100
| -73% | -$8.71M |
|
4757
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$324M
| $3.22M | ﹤0.01% |
119,300
+72,700
| +156% | +$2.03M |
|
4758
CALL
HDFC Bank
HDB
$119B
| $3.22M | ﹤0.01% |
88,200
+48,400
| +122% | +$1.74M |
|
4759
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$276M
| $3.22M | ﹤0.01% |
89,690
-49,477
| -36% | -$2.48M |
|
4760
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.3B
| $3.22M | ﹤0.01% |
18,168
+15,676
| +629% | +$2.74M |
|
4761
PUT
Teleflex
TFX
$5.92B
| $3.22M | ﹤0.01% |
26,400
-5,600
| -18% | -$679K |
|
|
NNOV
4762
Innovator Growth-100 Power Buffer ETF - November
NNOV
$80.5M
| $3.22M | ﹤0.01% |
112,184
+81,424
| +265% | +$2.33M |
|
4763
CALL
Rapid7
RPD
$896M
| $3.22M | ﹤0.01% |
211,700
-163,400
| -44% | -$2.69M |
|
4764
Nelnet
NNI
$4.56B
| $3.22M | ﹤0.01% |
24,190
+9,801
| +68% | +$1.28M |
|
4765
PUT
Chemed
CHE
$6.84B
| $3.21M | ﹤0.01% |
7,500
-1,900
| -20% | -$827K |
|
4766
CALL
NCR Atleos
NATL
$3.42B
| $3.21M | ﹤0.01% |
84,200
+17,100
| +25% | +$641K |
|
4767
CALL
Agilysys
AGYS
$3.32B
| $3.21M | ﹤0.01% |
27,000
-3,400
| -11% | -$409K |
|
4768
Invesco S&P 500 High Beta ETF
SPHB
$931M
| $3.21M | ﹤0.01% |
27,408
+7,513
| +38% | +$856K |
|
|
CRON
4769
CALL
Cronos Group
CRON
$1.25B
| $3.2M | ﹤0.01% |
1,218,100
+635,600
| +109% | +$1.64M |
|
4770
M/I Homes
MHO
$3.83B
| $3.2M | ﹤0.01% |
25,033
+6,523
| +35% | +$862K |
|
4771
Hasbro
HAS
$13.3B
| $3.2M | ﹤0.01% |
39,041
-36,457
| -48% | -$2.86M |
|
4772
PUT
Trevi Therapeutics
TRVI
$2.39B
| $3.19M | ﹤0.01% |
255,000
-462,600
| -64% | -$5.35M |
|
|
HIMX
4773
CALL
Himax Technologies
HIMX
$2.38B
| $3.19M | ﹤0.01% |
389,800
+28,600
| +8% | +$242K |
|
|
MOMO
4774
CALL
Hello Group
MOMO
$845M
| $3.19M | ﹤0.01% |
487,000
-80,100
| -14% | -$551K |
|
4775
PUT
Elanco Animal Health
ELAN
$12B
| $3.19M | ﹤0.01% |
140,900
+35,200
| +33% | +$766K |
|
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.