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 | |
|---|---|---|---|---|---|---|
2626
CALL
Range Resources
RRC
$9.73B
| $14M | ﹤0.01% |
395,700
-203,200
| -34% | -$7.57M |
|
|
HAPN
2627
CALL
Happen Inc
HAPN
$2.13B
| $13.9M | ﹤0.01% |
736,200
+424,700
| +136% | +$7.5M |
|
2628
Welltower
WELL
$173B
| $13.9M | ﹤0.01% |
75,080
+1,258
| +2% | +$235K |
|
2629
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.7B
| $13.9M | ﹤0.01% |
276,450
+121,118
| +78% | +$6.09M |
|
|
KEEL
2630
CALL
Keel Infrastructure Corp
KEEL
$2.17B
| $13.9M | ﹤0.01% |
5,915,600
+1,762,800
| +42% | +$6.03M |
|
|
FLY
2631
CALL
Firefly Aerospace
FLY
$3.71B
| $13.9M | ﹤0.01% |
621,300
+529,700
| +578% | +$12.3M |
|
2632
Etsy
ETSY
$7.61B
| $13.9M | ﹤0.01% |
250,569
-31,413
| -11% | -$1.92M |
|
2633
CALL
Campbell Soup
CPB
$6.94B
| $13.9M | ﹤0.01% |
498,300
-109,300
| -18% | -$3.29M |
|
|
XIFR
2634
CALL
XPLR Infrastructure LP
XIFR
$1.11B
| $13.9M | ﹤0.01% |
1,388,100
-314,400
| -18% | -$3.05M |
|
|
YALA
2635
Yalla Group
YALA
$844M
| $13.9M | ﹤0.01% |
2,000,000
| – | – |
|
2636
Flutter Entertainment
FLUT
$16.5B
| $13.9M | ﹤0.01% |
64,539
-122,417
| -65% | -$27.5M |
|
2637
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$744M
| $13.9M | ﹤0.01% |
176,825
+84,825
| +92% | +$6.39M |
|
2638
CALL
Bentley Systems
BSY
$11.4B
| $13.9M | ﹤0.01% |
363,300
-362,400
| -50% | -$16.5M |
|
2639
CALL
Beam Therapeutics
BEAM
$3.15B
| $13.9M | ﹤0.01% |
500,200
+200,400
| +67% | +$5.11M |
|
2640
Neurocrine Biosciences
NBIX
$15.8B
| $13.9M | ﹤0.01% |
97,713
+93,051
| +1,996% | +$13.5M |
|
2641
CALL
Bruker
BRKR
$9.03B
| $13.9M | ﹤0.01% |
294,100
+108,300
| +58% | +$4.58M |
|
2642
PUT
Cracker Barrel
CBRL
$1.23B
| $13.9M | ﹤0.01% |
545,300
-120,600
| -18% | -$3.86M |
|
2643
PUT
Grayscale Bitcoin Trust
GBTC
$12B
| $13.8M | ﹤0.01% |
202,400
-43,100
| -18% | -$3.38M |
|
|
JBS
2644
PUT
JBS N.V.
JBS
$44.8B
| $13.8M | ﹤0.01% |
958,900
+268,400
| +39% | +$3.69M |
|
2645
PUT
Zimmer Biomet
ZBH
$19B
| $13.8M | ﹤0.01% |
153,500
-22,800
| -13% | -$2.16M |
|
2646
PUT
Sempra
SRE
$55.4B
| $13.8M | ﹤0.01% |
156,300
-338,200
| -68% | -$30.8M |
|
2647
Hershey
HSY
$36.4B
| $13.8M | ﹤0.01% |
75,831
+40,859
| +117% | +$7.47M |
|
2648
PUT
CVR Partners
UAN
$1.33B
| $13.8M | ﹤0.01% |
134,600
+81,600
| +154% | +$7.77M |
|
2649
PUT
Lumen
LUMN
$6.33B
| $13.8M | ﹤0.01% |
1,773,200
-359,100
| -17% | -$2.96M |
|
2650
PUT
Sociedad Química y Minera de Chile
SQM
$23B
| $13.8M | ﹤0.01% |
200,000
+57,400
| +40% | +$3.16M |
|
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.