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 | |
|---|---|---|---|---|---|---|
11026
PUT
Xeris Biopharma Holdings
XERS
$1.55B
| $174K | ﹤0.01% |
22,200
+7,500
| +51% | +$59K |
|
|
VFL
11027
DELISTED
abrdn National Municipal Income Fund
VFL
| $174K | ﹤0.01% |
+16,952
| New | +$173K |
|
|
RFAI
11028
RF Acquisition Corp II
RFAI
$434M
| $174K | ﹤0.01% |
16,150
+3,808
| +31% | +$40.8K |
|
|
BHR
11029
PUT
Braemar Hotels & Resorts
BHR
$139M
| $174K | ﹤0.01% |
+60,600
| New | +$163K |
|
11030
CALL
Select Water Solutions
WTTR
$2.49B
| $174K | ﹤0.01% |
+16,500
| New | +$178K |
|
11031
TFS Financial
TFSL
$4.92B
| $172K | ﹤0.01% |
12,881
-15,002
| -54% | -$205K |
|
11032
CALL
Candel Therapeutics
CADL
$1B
| $172K | ﹤0.01% |
30,500
-48,300
| -61% | -$260K |
|
|
ACFN
11033
Acorn Energy
ACFN
$50M
| $172K | ﹤0.01% |
+11,400
| New | +$219K |
|
11034
PUT
United States 12 Month Natural Gas Fund
UNL
$15.9M
| $172K | ﹤0.01% |
23,300
+13,300
| +133% | +$106K |
|
|
MCW
11035
DELISTED
Mister Car Wash
MCW
| $172K | ﹤0.01% |
+30,924
| New | +$163K |
|
11036
Flywire
FLYW
$2.29B
| $172K | ﹤0.01% |
12,141
-76,675
| -86% | -$1.05M |
|
11037
Phunware
PHUN
$42.8M
| $172K | ﹤0.01% |
+92,887
| New | +$216K |
|
11038
Seer Inc
SEER
$110M
| $172K | ﹤0.01% |
93,876
-29,571
| -24% | -$60.3K |
|
11039
Lesaka Technologies
LSAK
$396M
| $172K | ﹤0.01% |
35,997
+18,276
| +103% | +$76.1K |
|
11040
Arbor Realty Trust
ABR
$944M
| $171K | ﹤0.01% |
22,096
-395,642
| -95% | -$3.88M |
|
|
XIFR
11041
XPLR Infrastructure LP
XIFR
$1.11B
| $171K | ﹤0.01% |
+17,145
| New | +$166K |
|
11042
Monte Rosa Therapeutics
GLUE
$1.14B
| $171K | ﹤0.01% |
10,907
-5,279
| -33% | -$71.1K |
|
|
PTRN
11043
CALL
Pattern Group Inc
PTRN
$3.76B
| $171K | ﹤0.01% |
+14,800
| New | +$215K |
|
11044
ALX Oncology
ALXO
$277M
| $171K | ﹤0.01% |
151,027
+37,964
| +34% | +$57.5K |
|
11045
Pebblebrook Hotel Trust
PEB
$2.09B
| $171K | ﹤0.01% |
15,069
-30,016
| -67% | -$330K |
|
|
RFMZ
11046
RiverNorth Flexible Municipal Income Fund II
RFMZ
$320M
| $170K | ﹤0.01% |
+13,460
| New | +$174K |
|
|
OPTU
11047
Optimum Communications Inc
OPTU
$389M
| $170K | ﹤0.01% |
103,184
-17,598
| -15% | -$35.8K |
|
11048
Oportun Financial
OPRT
$338M
| $170K | ﹤0.01% |
32,161
+1,896
| +6% | +$10K |
|
11049
CALL
Achieve Life Sciences
ACHV
$834M
| $170K | ﹤0.01% |
34,200
-37,900
| -53% | -$165K |
|
11050
CALL
Ranpak Holdings
PACK
$420M
| $170K | ﹤0.01% |
31,400
-51,300
| -62% | -$270K |
|
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.