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 | |
|---|---|---|---|---|---|---|
|
NOAH
10901
PUT
Noah Holdings
NOAH
$589M
| $196K | ﹤0.01% |
+19,500
| New | +$212K |
|
|
HPF
10902
John Hancock Preferred Income Fund II
HPF
$339M
| $196K | ﹤0.01% |
+12,172
| New | +$200K |
|
|
PPI
10903
AXS Astoria Inflation Sensitive ETF
PPI
$162M
| $195K | ﹤0.01% |
+10,472
| New | +$195K |
|
|
JFIN
10904
CALL
Jiayin Group
JFIN
$110M
| $195K | ﹤0.01% |
33,600
-2,300
| -6% | -$19.4K |
|
|
CRDL
10905
Cardiol Therapeutics
CRDL
$227M
| $194K | ﹤0.01% |
203,726
+110,328
| +118% | +$116K |
|
10906
Vor Biopharma
VOR
$1.34B
| $194K | ﹤0.01% |
+14,819
| New | +$276K |
|
10907
Playboy Inc
PLBY
$144M
| $194K | ﹤0.01% |
103,066
-57,015
| -36% | -$93.2K |
|
10908
Outdoor Holding Co
POWW
$253M
| $193K | ﹤0.01% |
113,149
+49,129
| +77% | +$84.5K |
|
|
BGB
10909
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
| $193K | ﹤0.01% |
+16,424
| New | +$194K |
|
|
ARDT
10910
CALL
Ardent Health
ARDT
$1.55B
| $193K | ﹤0.01% |
21,900
-3,700
| -14% | -$42.8K |
|
|
XXI
10911
Twenty One Capital Inc
XXI
$3.38B
| $193K | ﹤0.01% |
+22,047
| New | +$230K |
|
10912
PUT
Aspen Aerogels
ASPN
$409M
| $193K | ﹤0.01% |
68,200
+1,900
| +3% | +$9.8K |
|
10913
PUT
Blend Labs
BLND
$360M
| $193K | ﹤0.01% |
63,400
-113,900
| -64% | -$363K |
|
10914
Sunstone Hotel Investors
SHO
$2.11B
| $193K | ﹤0.01% |
21,555
-38,973
| -64% | -$357K |
|
10915
CALL
CuriosityStream
CURI
$155M
| $193K | ﹤0.01% |
50,700
-46,300
| -48% | -$206K |
|
10916
PUT
Flywire
FLYW
$2.29B
| $193K | ﹤0.01% |
13,600
-137,000
| -91% | -$1.88M |
|
|
ACP
10917
abrdn Income Credit Strategies Fund
ACP
$642M
| $192K | ﹤0.01% |
35,515
-12,795
| -26% | -$70.4K |
|
10918
PUT
AudioCodes
AUDC
$242M
| $192K | ﹤0.01% |
22,000
-82,800
| -79% | -$754K |
|
|
PAL
10919
Proficient Auto Logistics
PAL
$144M
| $192K | ﹤0.01% |
19,919
-18,338
| -48% | -$144K |
|
10920
Jasper Therapeutics
JSPR
$23.3M
| $192K | ﹤0.01% |
104,787
+69,195
| +194% | +$139K |
|
|
NFXS
10921
Direxion Daily NFLX Bear 1X ETF
NFXS
$4.2M
| $192K | ﹤0.01% |
11,100
+275
| +3% | +$4.22K |
|
|
PCGG
10922
DELISTED
Polen Capital Global Growth ETF
PCGG
| $191K | ﹤0.01% |
+15,988
| New | +$194K |
|
10923
Hope Bancorp
HOPE
$1.78B
| $191K | ﹤0.01% |
17,418
-23,651
| -58% | -$255K |
|
|
IBAC
10924
IB Acquisition Corp
IBAC
$54.5M
| $191K | ﹤0.01% |
18,172
-6,939
| -28% | -$72.6K |
|
|
STKE
10925
CALL
Sol Strategies Inc
STKE
$48.6M
| $191K | ﹤0.01% |
124,700
+65,800
| +112% | +$190K |
|
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.