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 | |
|---|---|---|---|---|---|---|
11001
PUT
Lifestance Health
LFST
$4.7B
| $179K | ﹤0.01% |
25,400
+4,300
| +20% | +$25.9K |
|
11002
Immatics
IMTX
$1.44B
| $179K | ﹤0.01% |
17,024
-430
| -2% | -$4.34K |
|
11003
PUT
LegalZoom.com
LZ
$1.05B
| $179K | ﹤0.01% |
18,000
-114,800
| -86% | -$1.14M |
|
11004
CALL
AlTi Global
ALTI
$461M
| $179K | ﹤0.01% |
+38,500
| New | +$159K |
|
|
MIN
11005
Aberdeen Intermediate Income Fund
MIN
$279M
| $179K | ﹤0.01% |
68,423
+38,319
| +127% | +$101K |
|
11006
Accel Entertainment
ACEL
$964M
| $178K | ﹤0.01% |
+15,639
| New | +$165K |
|
|
POLE
11007
Andretti Acquisition Corp II
POLE
$316M
| $178K | ﹤0.01% |
+16,915
| New | +$179K |
|
|
FLNA
11008
CALL
Filana Therapeutics
FLNA
$44.9M
| $178K | ﹤0.01% |
90,000
-178,200
| -66% | -$571K |
|
11009
Immunic
IMUX
$210M
| $178K | ﹤0.01% |
+33,383
| New | +$245K |
|
|
ORGN
11010
DELISTED
Origin Materials
ORGN
| $178K | ﹤0.01% |
28,048
+925
| +3% | +$13.5K |
|
11011
CALL
Ironwood Pharmaceuticals
IRWD
$682M
| $178K | ﹤0.01% |
+52,800
| New | +$137K |
|
11012
CALL
Matrix Service
MTRX
$305M
| $178K | ﹤0.01% |
15,200
-31,400
| -67% | -$395K |
|
|
INACU
11013
Indigo Acquisition Corp Unit
INACU
| $178K | ﹤0.01% |
17,553
-3,717
| -17% | -$37.9K |
|
11014
ProShares UltraShort MSCI Brazil Capped
BZQ
$2.47M
| $178K | ﹤0.01% |
5,796
-5,477
| -49% | -$187K |
|
11015
Nuveen Core Equity Alpha Fund
JCE
$289M
| $177K | ﹤0.01% |
+11,132
| New | +$175K |
|
11016
CALL
Angi Inc
ANGI
$204M
| $177K | ﹤0.01% |
13,700
-10,300
| -43% | -$133K |
|
|
MQT
11017
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $177K | ﹤0.01% |
17,622
+2,566
| +17% | +$25.7K |
|
11018
CALL
Metallus
MTUS
$811M
| $177K | ﹤0.01% |
10,300
-11,200
| -52% | -$192K |
|
11019
Inseego
INSG
$72.3M
| $176K | ﹤0.01% |
+17,160
| New | +$223K |
|
11020
Vivani Medical
VANI
$128M
| $176K | ﹤0.01% |
143,169
+110,855
| +343% | +$160K |
|
11021
VanEck Brazil Small-Cap ETF
BRF
$21.2M
| $176K | ﹤0.01% |
10,980
-4,859
| -31% | -$79.8K |
|
|
KMLI
11022
KraneShares 2x Long MELI Daily ETF
KMLI
$9.92M
| $176K | ﹤0.01% |
12,747
-49,757
| -80% | -$855K |
|
11023
Skillful Craftsman
EDTK
$14.6M
| $176K | ﹤0.01% |
195,153
-1,197
| -0.6% | -$1.21K |
|
11024
Nkarta
NKTX
$198M
| $175K | ﹤0.01% |
94,746
+48,953
| +107% | +$97.9K |
|
11025
CALL
Telos
TLS
$358M
| $174K | ﹤0.01% |
34,200
-157,900
| -82% | -$985K |
|
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.