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 | |
|---|---|---|---|---|---|---|
|
BLUWU
11201
Blue Water Acquisition Corp III Unit
BLUWU
| $145K | ﹤0.01% |
13,737
-1,958
| -12% | -$20.2K |
|
|
RSVR
11202
PUT
Reservoir Media
RSVR
$637M
| $145K | ﹤0.01% |
19,100
-338,400
| -95% | -$2.54M |
|
|
ABX
11203
CALL
Abacus Global Management
ABX
$952M
| $144K | ﹤0.01% |
16,900
-18,600
| -52% | -$122K |
|
11204
Inogen
INGN
$146M
| $144K | ﹤0.01% |
21,413
-8,380
| -28% | -$62.9K |
|
11205
Unicycive Therapeutics
UNCY
$147M
| $144K | ﹤0.01% |
+24,931
| New | +$133K |
|
11206
Boston Omaha
BOC
$417M
| $144K | ﹤0.01% |
11,628
-1,765
| -13% | -$23K |
|
11207
Crescent Capital BDC
CCAP
$388M
| $144K | ﹤0.01% |
+10,236
| New | +$145K |
|
11208
CALL
El Pollo Loco
LOCO
$466M
| $143K | ﹤0.01% |
13,700
| – | – |
|
11209
CALL
Wrap Technologies
WRAP
$99.5M
| $143K | ﹤0.01% |
60,200
+13,600
| +29% | +$32.8K |
|
|
FFWM
11210
CALL
DELISTED
First Foundation Inc
FFWM
| $143K | ﹤0.01% |
23,200
-20,900
| -47% | -$117K |
|
11211
PUT
VirTra
VTSI
$34.5M
| $143K | ﹤0.01% |
34,000
-82,900
| -71% | -$433K |
|
|
BAIG
11212
Leverage Shares 2X Long BBAI Daily ETF
BAIG
$7.29M
| $143K | ﹤0.01% |
1,639
-99
| -6% | -$16K |
|
11213
SOPHiA GENETICS
SOPH
$693M
| $142K | ﹤0.01% |
30,511
+12,032
| +65% | +$54.5K |
|
|
PFO
11214
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$118M
| $142K | ﹤0.01% |
+15,075
| New | +$144K |
|
|
BZAI
11215
PUT
Blaize Holdings
BZAI
$76.8M
| $142K | ﹤0.01% |
73,000
-5,400
| -7% | -$17.5K |
|
11216
ReNew
RNW
$2.49B
| $142K | ﹤0.01% |
25,194
-15,050
| -37% | -$109K |
|
11217
CALL
GraniteShares 2x Short NVDA Daily ETF
NVD
$51.8M
| $142K | ﹤0.01% |
19,900
-463,000
| -96% | -$3.87M |
|
11218
Nuvation Bio
NUVB
$2.34B
| $142K | ﹤0.01% |
15,862
-802,917
| -98% | -$4.97M |
|
11219
Summit State Bank
SSBI
| $142K | ﹤0.01% |
12,206
-1,768
| -13% | -$20K |
|
|
DENN
11220
PUT
DELISTED
Denny's
DENN
| $142K | ﹤0.01% |
22,800
-42,300
| -65% | -$240K |
|
|
FCRS.U
11221
FutureCrest Acquisition Corp Units
FCRS.U
| $142K | ﹤0.01% |
13,841
-2,776
| -17% | -$28.9K |
|
11222
PUT
Evolent Health
EVH
$520M
| $141K | ﹤0.01% |
35,300
-23,400
| -40% | -$130K |
|
11223
Research Solutions
RSSS
$74.3M
| $141K | ﹤0.01% |
48,002
+21,927
| +84% | +$68.4K |
|
|
MEME
11224
CALL
Roundhill Meme Stock ETF
MEME
$15M
| $141K | ﹤0.01% |
+22,700
| New | +$172K |
|
11225
CALL
Pliant Therapeutics
PLRX
$68.7M
| $141K | ﹤0.01% |
115,300
+58,800
| +104% | +$88.3K |
|
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.