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 | |
|---|---|---|---|---|---|---|
2576
PUT
Boston Properties
BXP
$11.2B
| $14.5M | ﹤0.01% |
215,100
-10,700
| -5% | -$761K |
|
2577
PUT
Hawaiian Electric Industries
HE
$1.98B
| $14.5M | ﹤0.01% |
1,178,000
+349,400
| +42% | +$4.05M |
|
2578
PUT
Brighthouse Financial
BHF
$3.11B
| $14.5M | ﹤0.01% |
223,600
-1,136,400
| -84% | -$66.8M |
|
2579
British American Tobacco
BTI
$121B
| $14.5M | ﹤0.01% |
255,856
-317,392
| -55% | -$17.3M |
|
2580
CALL
Jackson Financial
JXN
$9.04B
| $14.5M | ﹤0.01% |
135,700
+21,500
| +19% | +$2.14M |
|
2581
CALL
W.P. Carey
WPC
$16B
| $14.5M | ﹤0.01% |
224,800
+8,000
| +4% | +$533K |
|
2582
PUT
Pagaya Technologies
PGY
$1.94B
| $14.4M | ﹤0.01% |
691,300
+167,100
| +32% | +$4.26M |
|
2583
CSX Corp
CSX
$95.5B
| $14.4M | ﹤0.01% |
397,520
+30,866
| +8% | +$1.1M |
|
2584
CALL
nVent Electric
NVT
$25.2B
| $14.4M | ﹤0.01% |
141,300
-52,400
| -27% | -$5.44M |
|
2585
AXIS Capital
AXS
$7.23B
| $14.4M | ﹤0.01% |
134,397
+50,931
| +61% | +$5.06M |
|
|
RAPT
2586
DELISTED
RAPT Therapeutics
RAPT
| $14.4M | ﹤0.01% |
424,862
+379,480
| +836% | +$11.8M |
|
2587
Fair Isaac
FICO
$25B
| $14.4M | ﹤0.01% |
8,508
+3,945
| +86% | +$6.79M |
|
2588
PUT
Ramaco Resources Class A
METC
$882M
| $14.4M | ﹤0.01% |
798,600
-78,600
| -9% | -$2.07M |
|
2589
CALL
Halozyme
HALO
$12.1B
| $14.4M | ﹤0.01% |
213,300
-184,500
| -46% | -$12.4M |
|
2590
Exelon
EXC
$45.3B
| $14.3M | ﹤0.01% |
329,091
+52,711
| +19% | +$2.41M |
|
2591
Becton Dickinson
BDX
$51.2B
| $14.3M | ﹤0.01% |
73,787
-47,300
| -39% | -$9M |
|
2592
CALL
iShares Select Dividend ETF
DVY
$23.8B
| $14.3M | ﹤0.01% |
101,400
+25,400
| +33% | +$3.59M |
|
2593
PUT
Exelixis
EXEL
$13.7B
| $14.3M | ﹤0.01% |
326,300
-258,200
| -44% | -$10.7M |
|
2594
CALL
Main Street Capital
MAIN
$5.48B
| $14.3M | ﹤0.01% |
236,600
+20,000
| +9% | +$1.18M |
|
2595
PUT
Waters Corp
WAT
$41.4B
| $14.3M | ﹤0.01% |
37,600
-54,500
| -59% | -$20.1M |
|
2596
PUT
Idexx Laboratories
IDXX
$42.9B
| $14.3M | ﹤0.01% |
21,100
-45,800
| -68% | -$31.2M |
|
2597
BP
BP
$109B
| $14.3M | ﹤0.01% |
410,811
+249,700
| +155% | +$8.76M |
|
2598
Peabody Energy
BTU
$3.59B
| $14.3M | ﹤0.01% |
480,128
+115,677
| +32% | +$3.4M |
|
2599
CALL
Dropbox
DBX
$7.8B
| $14.2M | ﹤0.01% |
512,400
+265,300
| +107% | +$7.73M |
|
2600
BioNTech
BNTX
$28B
| $14.2M | ﹤0.01% |
149,224
+83,564
| +127% | +$8.42M |
|
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.