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 | |
|---|---|---|---|---|---|---|
2501
CALL
Ameriprise Financial
AMP
$49B
| $15.4M | ﹤0.01% |
31,500
-5,300
| -14% | -$2.52M |
|
2502
PUT
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.24B
| $15.4M | ﹤0.01% |
233,800
-169,600
| -42% | -$11.2M |
|
2503
PUT
Nektar Therapeutics
NKTR
$2.55B
| $15.4M | ﹤0.01% |
364,400
-183,800
| -34% | -$10.3M |
|
2504
CALL
Jones Lang LaSalle
JLL
$17.5B
| $15.4M | ﹤0.01% |
45,700
+17,000
| +59% | +$5.33M |
|
|
ONC
2505
PUT
BeOne Medicines Ltd
ONC
$42.2B
| $15.3M | ﹤0.01% |
50,500
-24,300
| -32% | -$7.95M |
|
2506
CALL
SGHC Ltd
SGHC
$7.01B
| $15.3M | ﹤0.01% |
1,281,800
+1,149,900
| +872% | +$13.8M |
|
2507
CALL
CenterPoint Energy
CNP
$25.8B
| $15.3M | ﹤0.01% |
399,100
+49,000
| +14% | +$1.91M |
|
2508
Ross Stores
ROST
$74.1B
| $15.3M | ﹤0.01% |
84,819
+26,706
| +46% | +$4.46M |
|
|
PPL
2509
CALL
PPL Corp
PPL
$25.9B
| $15.3M | ﹤0.01% |
436,200
+299,500
| +219% | +$10.8M |
|
2510
CALL
ProShares Short S&P500
SH
$826M
| $15.3M | ﹤0.01% |
423,900
-121,700
| -22% | -$4.46M |
|
2511
Bright Horizons
BFAM
$3.61B
| $15.3M | ﹤0.01% |
150,552
-2,491
| -2% | -$251K |
|
2512
PUT
GraniteShares 2x Long AMD Daily ETF
AMDL
$913M
| $15.3M | ﹤0.01% |
980,900
+27,400
| +3% | +$497K |
|
2513
CALL
TransUnion
TRU
$16.2B
| $15.2M | ﹤0.01% |
177,800
+72,700
| +69% | +$5.97M |
|
|
PSKY
2514
Paramount Skydance Corp
PSKY
$12B
| $15.2M | ﹤0.01% |
1,137,783
+909,240
| +398% | +$14.2M |
|
2515
LPL Financial
LPLA
$28.4B
| $15.2M | ﹤0.01% |
42,685
-42,801
| -50% | -$15.1M |
|
2516
Enovix
ENVX
$772M
| $15.2M | ﹤0.01% |
2,085,424
-535,632
| -20% | -$5.19M |
|
2517
PUT
Uranium Energy
UEC
$6.75B
| $15.2M | ﹤0.01% |
1,303,100
+119,100
| +10% | +$1.56M |
|
2518
PUT
American Water Works
AWK
$27.2B
| $15.2M | ﹤0.01% |
116,600
-41,500
| -26% | -$5.54M |
|
2519
PUT
Option Care Health
OPCH
$3.55B
| $15.2M | ﹤0.01% |
477,000
+302,600
| +174% | +$8.88M |
|
2520
CALL
JPMorgan Equity Premium Income ETF
JEPI
$46.2B
| $15.2M | ﹤0.01% |
264,900
+78,500
| +42% | +$4.48M |
|
2521
iShares MSCI Japan ETF
EWJ
$22.6B
| $15.2M | ﹤0.01% |
187,697
+181,583
| +2,970% | +$14.9M |
|
2522
Corning
GLW
$131B
| $15.1M | ﹤0.01% |
173,014
-83,737
| -33% | -$7.21M |
|
2523
State Street SPDR S&P Metals & Mining ETF
XME
$4.91B
| $15.1M | ﹤0.01% |
146,151
-24,289
| -14% | -$2.4M |
|
2524
CALL
Xcel Energy
XEL
$48.1B
| $15.1M | ﹤0.01% |
204,800
-365,000
| -64% | -$28.8M |
|
2525
CALL
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $15.1M | ﹤0.01% |
208,400
+32,000
| +18% | +$2.33M |
|
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.