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 | |
|---|---|---|---|---|---|---|
11501
Clarus
CLAR
$144M
| $91.6K | ﹤0.01% |
27,329
+15,291
| +127% | +$52.1K |
|
|
VGI
11502
Virtus Global Multi-Sector Income Fund
VGI
$82.8M
| $91.3K | ﹤0.01% |
+11,641
| New | +$91.3K |
|
|
LUCK
11503
Lucky Strike Entertainment
LUCK
$853M
| $90.7K | ﹤0.01% |
+10,707
| New | +$92.5K |
|
|
GCV
11504
Gabelli Convertible and Income Securities Fund
GCV
$92.5M
| $90.6K | ﹤0.01% |
21,834
-23,126
| -51% | -$97.7K |
|
|
LUXE
11505
LuxExperience B.V.
LUXE
$1.07B
| $90.5K | ﹤0.01% |
10,843
-54,038
| -83% | -$482K |
|
11506
TRX Gold Corp
TRX
$400M
| $90.5K | ﹤0.01% |
+98,272
| New | +$72.9K |
|
|
MHF
11507
Western Asset Municipal High Income Fund
MHF
$152M
| $90.4K | ﹤0.01% |
+13,139
| New | +$92K |
|
11508
CALL
Orion
OEC
$354M
| $90.3K | ﹤0.01% |
17,100
-15,900
| -48% | -$86.2K |
|
11509
PUT
Claros Mortgage Trust
CMTG
$233M
| $90.3K | ﹤0.01% |
+29,500
| New | +$96.3K |
|
|
STLN
11510
PUT
Starling Oncology
STLN
$646M
| $90.1K | ﹤0.01% |
25,300
+10,100
| +66% | +$37.5K |
|
11511
PUT
Lifecore Biomedical
LFCR
$172M
| $90K | ﹤0.01% |
11,000
-9,700
| -47% | -$71.8K |
|
11512
United-Guardian
UG
$33.1M
| $89.8K | ﹤0.01% |
14,583
+4,559
| +45% | +$30.1K |
|
11513
PUT
BlackRock TCP Capital
TCPC
$347M
| $89.7K | ﹤0.01% |
16,400
+4,300
| +36% | +$24.8K |
|
|
MCW
11514
PUT
DELISTED
Mister Car Wash
MCW
| $89.5K | ﹤0.01% |
16,100
-24,000
| -60% | -$126K |
|
11515
Treace Medical Concepts
TMCI
$299M
| $89.1K | ﹤0.01% |
+36,366
| New | +$158K |
|
|
OPTU
11516
CALL
Optimum Communications Inc
OPTU
$389M
| $88.9K | ﹤0.01% |
53,900
-123,400
| -70% | -$251K |
|
11517
PUT
Lineage Cell Therapeutics
LCTX
$293M
| $88.7K | ﹤0.01% |
53,100
+24,000
| +82% | +$41.5K |
|
11518
X4 Pharmaceuticals
XFOR
$419M
| $88.5K | ﹤0.01% |
+22,135
| New | +$80.4K |
|
|
NEXN
11519
Nexxen International
NEXN
$576M
| $88.2K | ﹤0.01% |
+13,491
| New | +$100K |
|
|
MPX
11520
DELISTED
Marine Products Corp
MPX
| $88.1K | ﹤0.01% |
+10,056
| New | +$87K |
|
|
HEPS
11521
CALL
D-Market Electronic Services & Trading
HEPS
$943M
| $88K | ﹤0.01% |
35,500
+25,400
| +251% | +$63.1K |
|
11522
DocGo
DCGO
$41M
| $88K | ﹤0.01% |
100,195
+70,860
| +242% | +$75.7K |
|
11523
PUT
Neuronetics
STIM
$226M
| $87.9K | ﹤0.01% |
63,700
-9,600
| -13% | -$20.1K |
|
11524
CALL
Oportun Financial
OPRT
$344M
| $87.8K | ﹤0.01% |
+16,600
| New | +$87.5K |
|
11525
PUT
CytomX Therapeutics
CTMX
$745M
| $87.8K | ﹤0.01% |
20,600
-181,200
| -90% | -$688K |
|
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.