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 | |
|---|---|---|---|---|---|---|
|
KLC
11376
KinderCare Learning Companies
KLC
$309M
| $114K | ﹤0.01% |
26,439
-36,139
| -58% | -$182K |
|
11377
908 Devices
MASS
$444M
| $114K | ﹤0.01% |
21,723
-2,055
| -9% | -$14.4K |
|
11378
PUT
Entravision Communication
EVC
$752M
| $114K | ﹤0.01% |
+38,800
| New | +$101K |
|
|
PXIU
11379
DELISTED
T-REX 2X Long UPXI Daily Target ETF
PXIU
| $114K | ﹤0.01% |
+84,763
| New | +$911K |
|
11380
PUT
Horizon Technology Finance
HRZN
$318M
| $114K | ﹤0.01% |
17,600
+4,900
| +39% | +$31.3K |
|
|
SRTA
11381
PUT
Strata Critical Medical Inc
SRTA
$526M
| $114K | ﹤0.01% |
23,600
-380,800
| -94% | -$1.84M |
|
|
SELF
11382
Global Self Storage
SELF
$62.5M
| $113K | ﹤0.01% |
22,246
-9,331
| -30% | -$46.8K |
|
|
AGEN
11383
CALL
Agenus
AGEN
$347M
| $113K | ﹤0.01% |
36,100
-7,300
| -17% | -$29.1K |
|
|
PRT
11384
PermRock Royalty Trust Unit
PRT
$27.1M
| $113K | ﹤0.01% |
+40,627
| New | +$155K |
|
|
NMG
11385
CALL
Nouveau Monde Graphite
NMG
$474M
| $113K | ﹤0.01% |
+45,700
| New | +$134K |
|
|
PGZ
11386
Principal Real Estate Income Fund
PGZ
$66.1M
| $113K | ﹤0.01% |
+11,301
| New | +$116K |
|
11387
PUT
AudioEye
AEYE
$90.1M
| $113K | ﹤0.01% |
+11,300
| New | +$145K |
|
11388
Tredegar Corp
TG
$272M
| $113K | ﹤0.01% |
15,714
-57,367
| -78% | -$435K |
|
11389
Heritage Global
HGBL
$43.3M
| $113K | ﹤0.01% |
90,836
+48,098
| +113% | +$66.8K |
|
11390
Zedge
ZDGE
$37.8M
| $112K | ﹤0.01% |
+34,297
| New | +$99.3K |
|
|
CNH
11391
PUT
CNH Industrial
CNH
$18.8B
| $112K | ﹤0.01% |
12,200
+1,600
| +15% | +$16K |
|
11392
Actinium Pharmaceuticals
ATNM
$31.2M
| $112K | ﹤0.01% |
82,474
-22,966
| -22% | -$33.5K |
|
|
OLPX
11393
DELISTED
Olaplex Holdings
OLPX
| $112K | ﹤0.01% |
83,691
-41,768
| -33% | -$49.7K |
|
11394
Invesco Municipal Income Opportunities Trust
OIA
$289M
| $112K | ﹤0.01% |
18,611
-415
| -2% | -$2.5K |
|
|
FT
11395
Franklin Universal Trust
FT
$194M
| $111K | ﹤0.01% |
+13,920
| New | +$111K |
|
11396
CALL
Zevia
ZVIA
$103M
| $111K | ﹤0.01% |
47,900
-32,500
| -40% | -$80.7K |
|
11397
Information Services Group
III
$248M
| $111K | ﹤0.01% |
19,224
-3,047
| -14% | -$17.1K |
|
11398
TechTarget
TTGT
$284M
| $111K | ﹤0.01% |
20,567
-18,671
| -48% | -$100K |
|
|
XNET
11399
PUT
Xunlei
XNET
$319M
| $111K | ﹤0.01% |
15,600
-491,400
| -97% | -$3.94M |
|
11400
CryoPort
CYRX
$814M
| $110K | ﹤0.01% |
11,509
-211,560
| -95% | -$2M |
|
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.