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 | |
|---|---|---|---|---|---|---|
11126
Nuveen Virginia Quality Municipal Income Fund
NPV
$205M
| $157K | ﹤0.01% |
+14,198
| New | +$161K |
|
|
MAPS
11127
DELISTED
WM TECHNOLOGY INC A
MAPS
| $157K | ﹤0.01% |
190,417
-114,254
| -38% | -$112K |
|
11128
PUT
Douglas Elliman
DOUG
$166M
| $157K | ﹤0.01% |
66,200
+26,300
| +66% | +$67.6K |
|
|
GME.WS
11129
GameStop Corp Warrants
GME.WS
| $157K | ﹤0.01% |
+52,116
| New | +$162K |
|
11130
PUT
Lexicon Pharmaceuticals
LXRX
$1.02B
| $157K | ﹤0.01% |
136,100
+4,700
| +4% | +$6.46K |
|
11131
Neuropace
NPCE
$495M
| $156K | ﹤0.01% |
+10,121
| New | +$135K |
|
|
TRUE
11132
PUT
DELISTED
TrueCar
TRUE
| $156K | ﹤0.01% |
+69,100
| New | +$148K |
|
11133
Valens Semiconductor
VLN
$195M
| $156K | ﹤0.01% |
109,933
-20,480
| -16% | -$33.8K |
|
|
MLCI
11134
CALL
Mount Logan Capital Inc
MLCI
$35.7M
| $156K | ﹤0.01% |
18,900
-28,300
| -60% | -$220K |
|
|
IAF
11135
abrdn Australia Equity Fund
IAF
$129M
| $156K | ﹤0.01% |
+12,058
| New | +$159K |
|
11136
Ocean Power Technologies
OPTT
$46.2M
| $156K | ﹤0.01% |
518,438
-237,371
| -31% | -$107K |
|
11137
PUT
NET Power
NPWR
$162M
| $155K | ﹤0.01% |
68,200
-59,000
| -46% | -$184K |
|
11138
PUT
Savers
SVV
$1.62B
| $155K | ﹤0.01% |
+16,600
| New | +$171K |
|
11139
CALL
Hyliion Holdings
HYLN
$627M
| $155K | ﹤0.01% |
84,100
-18,400
| -18% | -$37.1K |
|
|
FISK
11140
Empire State Realty OP LP Series 250
FISK
$1.26B
| $155K | ﹤0.01% |
23,637
-980
| -4% | -$6.82K |
|
|
RSVR
11141
Reservoir Media
RSVR
$637M
| $155K | ﹤0.01% |
20,417
-25,971
| -56% | -$195K |
|
|
NBH
11142
Neuberger Municipal Fund Inc
NBH
$304M
| $155K | ﹤0.01% |
+15,272
| New | +$157K |
|
11143
CALL
Mativ Holdings
MATV
$669M
| $154K | ﹤0.01% |
12,700
-9,000
| -41% | -$106K |
|
11144
CALL
Direxion Daily Real Estate Bull 3X ETF
DRN
$43.5M
| $154K | ﹤0.01% |
18,100
-69,500
| -79% | -$625K |
|
11145
Travelzoo
TZOO
$68.2M
| $154K | ﹤0.01% |
21,605
-870
| -4% | -$7.04K |
|
|
NA
11146
CALL
Nano Labs
NA
$51.5M
| $153K | ﹤0.01% |
48,700
-51,600
| -51% | -$222K |
|
11147
CALL
eHealth
EHTH
$38.4M
| $153K | ﹤0.01% |
+33,300
| New | +$147K |
|
11148
Armata Pharmaceuticals
ARMP
$200M
| $153K | ﹤0.01% |
+24,360
| New | +$134K |
|
11149
ProShares UltraShort Industrials
SIJ
$6.09M
| $153K | ﹤0.01% |
+6,751
| New | +$157K |
|
11150
Ecovyst
ECVT
$1.11B
| $153K | ﹤0.01% |
+15,710
| New | +$137K |
|
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.