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 | |
|---|---|---|---|---|---|---|
11326
CALL
Goldman Sachs BDC
GSBD
$1.14B
| $124K | ﹤0.01% |
+13,400
| New | +$131K |
|
|
PCM
11327
PCM Fund
PCM
$66.7M
| $124K | ﹤0.01% |
+20,246
| New | +$127K |
|
11328
CALL
Inovio Pharmaceuticals
INO
$133M
| $124K | ﹤0.01% |
71,300
-106,100
| -60% | -$234K |
|
|
USOY
11329
Defiance Oil Enhanced Options Income ETF
USOY
$62.9M
| $124K | ﹤0.01% |
+19,067
| New | +$134K |
|
11330
CALL
Thryv Holdings
THRY
$84.4M
| $124K | ﹤0.01% |
20,500
-6,600
| -24% | -$52.2K |
|
11331
Spire Global
SPIR
$535M
| $123K | ﹤0.01% |
16,455
-200,437
| -92% | -$1.96M |
|
11332
Traeger
COOK
$156M
| $123K | ﹤0.01% |
2,276
-227
| -9% | -$11K |
|
11333
Kelly Services Class A
KELYA
$600M
| $123K | ﹤0.01% |
13,964
-3,507
| -20% | -$35.7K |
|
|
DDL
11334
PUT
Dingdong
DDL
$496M
| $123K | ﹤0.01% |
49,300
+35,500
| +257% | +$70.7K |
|
11335
Unisys
UIS
$196M
| $123K | ﹤0.01% |
44,430
-70,978
| -62% | -$222K |
|
11336
Energy Services of America
ESOA
$215M
| $122K | ﹤0.01% |
+14,989
| New | +$144K |
|
11337
Nordic American Tanker
NAT
$1.43B
| $122K | ﹤0.01% |
35,586
-123,398
| -78% | -$436K |
|
11338
Nuveen New York Municipal Value Fund
NNY
$154M
| $122K | ﹤0.01% |
14,288
-389
| -3% | -$3.29K |
|
|
OTGAU
11339
OTG Acquisition Corp I Unit
OTGAU
$215M
| $122K | ﹤0.01% |
+11,996
| New | +$122K |
|
|
BULG
11340
Leverage Shares 2X Long BULL Daily ETF
BULG
$8.55M
| $122K | ﹤0.01% |
+1,889
| New | +$228K |
|
|
MYD
11341
DELISTED
BlackRock MuniYield Fund
MYD
| $122K | ﹤0.01% |
+11,614
| New | +$122K |
|
11342
PUT
Solana Company
HSDT
$141M
| $122K | ﹤0.01% |
+42,100
| New | +$278K |
|
11343
PUT
Pliant Therapeutics
PLRX
$68.7M
| $121K | ﹤0.01% |
99,500
+13,200
| +15% | +$19.8K |
|
11344
Usio Inc
USIO
$78.9M
| $121K | ﹤0.01% |
+89,145
| New | +$127K |
|
11345
CALL
Lexeo Therapeutics
LXEO
$399M
| $121K | ﹤0.01% |
+12,200
| New | +$111K |
|
|
MVT
11346
DELISTED
BlackRock MuniVest Fund II
MVT
| $121K | ﹤0.01% |
+11,202
| New | +$120K |
|
11347
PUT
IZEA Worldwide
IZEA
$53.5M
| $121K | ﹤0.01% |
+27,600
| New | +$134K |
|
11348
CALL
AC Immune
ACIU
$263M
| $121K | ﹤0.01% |
+38,400
| New | +$121K |
|
11349
PUT
Travelzoo
TZOO
$68.2M
| $120K | ﹤0.01% |
16,900
+1,500
| +10% | +$12.1K |
|
|
11350
PUT
Lexeo Therapeutics
LXEO
$399M
| $120K | ﹤0.01% |
12,100
-800
| -6% | -$7.3K |
|
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.