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 | |
|---|---|---|---|---|---|---|
|
PONY
2551
Pony AI Inc
PONY
$3.27B
| $14.9M | ﹤0.01% |
+1,026,591
| New | +$17.1M |
|
2552
Diamondback Energy
FANG
$56.1B
| $14.9M | ﹤0.01% |
98,966
+37,972
| +62% | +$5.6M |
|
2553
CALL
Global X MLP & Energy Infrastructure ETF
MLPX
$3.63B
| $14.8M | ﹤0.01% |
245,300
+217,500
| +782% | +$13M |
|
2554
PUT
Huntington Ingalls Industries
HII
$11.7B
| $14.8M | ﹤0.01% |
43,600
-7,000
| -14% | -$2.17M |
|
2555
Paychex
PAYX
$45B
| $14.8M | ﹤0.01% |
132,160
-111,258
| -46% | -$13M |
|
2556
PUT
Bitdeer Technologies
BTDR
$3.08B
| $14.8M | ﹤0.01% |
1,320,500
+66,500
| +5% | +$1.07M |
|
2557
PUT
AnaptysBio
ANAB
$1.7B
| $14.8M | ﹤0.01% |
304,500
+92,800
| +44% | +$3.62M |
|
2558
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $14.8M | ﹤0.01% |
422,500
-87,700
| -17% | -$2.95M |
|
2559
PUT
Tractor Supply
TSCO
$18.1B
| $14.7M | ﹤0.01% |
294,900
-149,400
| -34% | -$8.05M |
|
2560
PUT
Sysco
SYY
$39.5B
| $14.7M | ﹤0.01% |
199,600
+6,100
| +3% | +$464K |
|
2561
Vanguard Total International Bond ETF
BNDX
$82.7B
| $14.7M | ﹤0.01% |
+303,971
| New | +$15M |
|
2562
IQVIA
IQV
$43.2B
| $14.7M | ﹤0.01% |
65,132
+26,229
| +67% | +$5.71M |
|
2563
United States Oil Fund
USO
$2.03B
| $14.7M | ﹤0.01% |
212,254
+77,888
| +58% | +$5.49M |
|
2564
PUT
Bio-Techne
TECH
$11.4B
| $14.7M | ﹤0.01% |
249,600
+242,000
| +3,184% | +$14.7M |
|
2565
CALL
Ball Corp
BALL
$16.8B
| $14.7M | ﹤0.01% |
277,100
+11,700
| +4% | +$576K |
|
2566
PUT
SSR Mining
SSRM
$7.95B
| $14.7M | ﹤0.01% |
669,500
+145,900
| +28% | +$3.25M |
|
2567
PUT
JetBlue
JBLU
$1.85B
| $14.6M | ﹤0.01% |
3,219,200
+566,900
| +21% | +$2.58M |
|
2568
CALL
Parsons
PSN
$5.26B
| $14.6M | ﹤0.01% |
237,000
-151,600
| -39% | -$11.9M |
|
2569
News Corp Class A
NWSA
$16.8B
| $14.6M | ﹤0.01% |
559,620
+49,624
| +10% | +$1.3M |
|
2570
Allison Transmission
ALSN
$10.7B
| $14.6M | ﹤0.01% |
149,296
-60,518
| -29% | -$5.3M |
|
2571
iShares MSCI Emerging Markets ex China ETF
EMXC
$25.1B
| $14.6M | ﹤0.01% |
200,879
-102,171
| -34% | -$7.25M |
|
2572
Invitation Homes
INVH
$17.4B
| $14.6M | ﹤0.01% |
525,289
+448,413
| +583% | +$12.5M |
|
2573
Revolution Medicines
RVMD
$47.4B
| $14.6M | ﹤0.01% |
183,221
+65,013
| +55% | +$4.26M |
|
2574
Bitwise Bitcoin ETF
BITB
$2.96B
| $14.5M | ﹤0.01% |
305,908
+277,944
| +994% | +$15.1M |
|
2575
PUT
Ultragenyx Pharmaceutical
RARE
$2.59B
| $14.5M | ﹤0.01% |
631,300
+322,900
| +105% | +$10.6M |
|
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.