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 | |
|---|---|---|---|---|---|---|
11551
PUT
AirSculpt Technologies
AIRS
$188M
| $83.2K | ﹤0.01% |
42,000
-18,600
| -31% | -$113K |
|
|
CRT
11552
Cross Timbers Royalty Trust
CRT
$63.1M
| $83K | ﹤0.01% |
10,439
-17,689
| -63% | -$141K |
|
11553
DHI Group
DHX
$178M
| $82.7K | ﹤0.01% |
53,378
-72,661
| -58% | -$137K |
|
|
YI
11554
111 Inc
YI
$30.4M
| $81.5K | ﹤0.01% |
31,947
+2,038
| +7% | +$8.09K |
|
11555
InnovAge Holding
INNV
$1.5B
| $81.4K | ﹤0.01% |
15,678
-1,767
| -10% | -$9.29K |
|
11556
Inuvo
INUV
$12M
| $81.3K | ﹤0.01% |
32,777
+4,029
| +14% | +$11.6K |
|
11557
Identive
INVE
$68.1M
| $81.2K | ﹤0.01% |
+21,156
| New | +$76.3K |
|
|
MRDN
11558
Meridian Holdings Inc
MRDN
$177M
| $81.2K | ﹤0.01% |
8,449
-1,085
| -11% | -$11.9K |
|
11559
Katapult Holdings
KPLT
$480M
| $81.1K | ﹤0.01% |
+12,557
| New | +$112K |
|
11560
CALL
ACV Auctions
ACVA
$1.23B
| $81K | ﹤0.01% |
10,100
-94,300
| -90% | -$763K |
|
11561
CALL
Wheels Up
UP
$180M
| $80.4K | ﹤0.01% |
6,090
-34,770
| -85% | -$792K |
|
11562
CALL
908 Devices
MASS
$459M
| $80.3K | ﹤0.01% |
+15,300
| New | +$107K |
|
|
HITI
11563
CALL
High Tide
HITI
$226M
| $80.3K | ﹤0.01% |
30,300
-15,000
| -33% | -$44.5K |
|
|
SOHO
11564
DELISTED
Sotherly Hotels
SOHO
| $80.1K | ﹤0.01% |
37,254
+6,367
| +21% | +$11.4K |
|
|
FFWM
11565
PUT
DELISTED
First Foundation Inc
FFWM
| $80.1K | ﹤0.01% |
13,000
-1,000
| -7% | -$5.6K |
|
11566
Grove Collaborative
GROV
$42.5M
| $79.7K | ﹤0.01% |
72,421
+4,784
| +7% | +$6.51K |
|
11567
CALL
CPI Aerostructures
CVU
$70.8M
| $79.6K | ﹤0.01% |
+20,100
| New | +$55K |
|
11568
PUT
Laser Photonics
LASE
$79.8M
| $79.3K | ﹤0.01% |
32,100
+16,800
| +110% | +$56.4K |
|
|
DEFT
11569
CALL
Defi Technologies
DEFT
$253M
| $79.2K | ﹤0.01% |
105,600
-82,700
| -44% | -$127K |
|
11570
PUT
HighPeak Energy
HPK
$1.01B
| $79.2K | ﹤0.01% |
16,700
-36,300
| -68% | -$218K |
|
11571
CALL
Baytex Energy
BTE
$3.37B
| $79.1K | ﹤0.01% |
+24,500
| New | +$68.3K |
|
|
11572
CPI Aerostructures
CVU
$70.8M
| $79K | ﹤0.01% |
19,937
-127,698
| -86% | -$349K |
|
11573
PUT
Rackspace Technology
RXT
$861M
| $78.9K | ﹤0.01% |
+81,300
| New | +$102K |
|
11574
Envoy Medical
COCH
$56.4M
| $78.7K | ﹤0.01% |
+119,115
| New | +$94.3K |
|
11575
Beamr Imaging
BMR
$19.9M
| $78.6K | ﹤0.01% |
50,080
-7,370
| -13% | -$17.5K |
|
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.