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 | |
|---|---|---|---|---|---|---|
2601
PUT
International Flavors & Fragrances
IFF
$22.2B
| $14.2M | ﹤0.01% |
210,600
-116,600
| -36% | -$7.55M |
|
2602
CALL
iShares Russell 1000 ETF
IWB
$49.2B
| $14.2M | ﹤0.01% |
38,000
-13,500
| -26% | -$5M |
|
2603
Turning Point Brands
TPB
$1.69B
| $14.2M | ﹤0.01% |
130,806
+89,957
| +220% | +$8.8M |
|
2604
PUT
iShares MSCI Mexico ETF
EWW
$1.79B
| $14.1M | ﹤0.01% |
204,000
+93,200
| +84% | +$6.29M |
|
2605
Colgate-Palmolive
CL
$72.5B
| $14.1M | ﹤0.01% |
178,891
-231,652
| -56% | -$18.2M |
|
2606
CALL
Glaukos
GKOS
$10.7B
| $14.1M | ﹤0.01% |
125,000
+70,900
| +131% | +$6.77M |
|
2607
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$2.14B
| $14.1M | ﹤0.01% |
361,572
+349,428
| +2,877% | +$13.5M |
|
2608
CALL
Freshpet
FRPT
$3.5B
| $14.1M | ﹤0.01% |
231,500
-126,300
| -35% | -$7.16M |
|
2609
PUT
Qorvo
QRVO
$8.49B
| $14.1M | ﹤0.01% |
166,900
+32,800
| +24% | +$2.89M |
|
2610
CALL
Banco Macro
BMA
$4.91B
| $14.1M | ﹤0.01% |
156,300
+127,100
| +435% | +$9.61M |
|
2611
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.52B
| $14.1M | ﹤0.01% |
76,624
+24,149
| +46% | +$3.86M |
|
2612
CALL
Cincinnati Financial
CINF
$26.5B
| $14.1M | ﹤0.01% |
86,100
-39,900
| -32% | -$6.46M |
|
2613
PUT
Vulcan Materials
VMC
$35.5B
| $14.1M | ﹤0.01% |
49,300
-9,200
| -16% | -$2.7M |
|
2614
CALL
Impinj
PI
$5.14B
| $14.1M | ﹤0.01% |
80,800
+800
| +1% | +$143K |
|
2615
BILL Holdings
BILL
$4.87B
| $14.1M | ﹤0.01% |
257,704
+31,928
| +14% | +$1.64M |
|
2616
PUT
W.P. Carey
WPC
$16B
| $14M | ﹤0.01% |
218,100
-43,700
| -17% | -$2.91M |
|
2617
PUT
Gartner
IT
$12.4B
| $14M | ﹤0.01% |
55,600
-4,300
| -7% | -$1.03M |
|
2618
PUT
Dover
DOV
$27.2B
| $14M | ﹤0.01% |
71,800
-900
| -1% | -$164K |
|
2619
PUT
Matador Resources
MTDR
$7.02B
| $14M | ﹤0.01% |
330,100
-245,400
| -43% | -$10.3M |
|
2620
CALL
Incyte
INCY
$25.9B
| $14M | ﹤0.01% |
141,800
+47,200
| +50% | +$4.57M |
|
2621
PUT
Kaspi.kz JSC
KSPI
$20B
| $14M | ﹤0.01% |
179,200
+53,200
| +42% | +$4.02M |
|
2622
CALL
Cedar Fair
FUN
$1.63B
| $14M | ﹤0.01% |
912,200
+296,200
| +48% | +$5.36M |
|
2623
CALL
Frontline
FRO
$9.74B
| $14M | ﹤0.01% |
641,000
+80,100
| +14% | +$1.87M |
|
2624
PUT
Globant
GLOB
$1.73B
| $14M | ﹤0.01% |
213,700
+84,300
| +65% | +$5.3M |
|
2625
CALL
Credit Acceptance
CACC
$6.23B
| $14M | ﹤0.01% |
31,500
-125,300
| -80% | -$58.1M |
|
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.