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 | |
|---|---|---|---|---|---|---|
2701
Red Cat Holdings
RCAT
$1.42B
| $13.2M | ﹤0.01% |
1,659,605
-467,327
| -22% | -$4.47M |
|
2702
PUT
L3Harris
LHX
$48.8B
| $13.2M | ﹤0.01% |
44,800
-124,500
| -74% | -$36M |
|
2703
CALL
Biohaven
BHVN
$2.43B
| $13.1M | ﹤0.01% |
1,164,700
+22,500
| +2% | +$279K |
|
2704
CALL
Unum
UNM
$14.6B
| $13.1M | ﹤0.01% |
169,200
+75,300
| +80% | +$5.76M |
|
|
HNGE
2705
CALL
Hinge Health
HNGE
$7.49B
| $13.1M | ﹤0.01% |
282,300
+263,100
| +1,370% | +$12.7M |
|
|
SOLS
2706
Solstice Advanced Materials
SOLS
$8.95B
| $13.1M | ﹤0.01% |
+269,884
| New | +$12.7M |
|
2707
CALL
RUM Group Inc
RUM
$4.68B
| $13.1M | ﹤0.01% |
2,072,700
+946,000
| +84% | +$6.49M |
|
2708
PUT
KB Home
KBH
$3.35B
| $13.1M | ﹤0.01% |
232,200
-19,300
| -8% | -$1.19M |
|
2709
Factset
FDS
$10.8B
| $13.1M | ﹤0.01% |
45,136
-6,071
| -12% | -$1.7M |
|
2710
CoStar Group
CSGP
$12.7B
| $13.1M | ﹤0.01% |
194,684
+69,649
| +56% | +$4.93M |
|
2711
CALL
Vor Biopharma
VOR
$1.39B
| $13.1M | ﹤0.01% |
999,300
-4,230,200
| -81% | -$78.8M |
|
2712
PUT
Peloton Interactive
PTON
$2.33B
| $13.1M | ﹤0.01% |
2,118,600
+18,500
| +0.9% | +$130K |
|
2713
American International
AIG
$40.1B
| $13M | ﹤0.01% |
152,373
+84,437
| +124% | +$6.76M |
|
|
2714
PUT
CoStar Group
CSGP
$12.7B
| $13M | ﹤0.01% |
193,400
-31,100
| -14% | -$2.2M |
|
2715
PUT
Icon
ICLR
$13.1B
| $13M | ﹤0.01% |
71,300
+21,800
| +44% | +$3.88M |
|
2716
CALL
Dycom Industries
DY
$9.25B
| $13M | ﹤0.01% |
38,400
-79,200
| -67% | -$25M |
|
|
2717
CALL
Peloton Interactive
PTON
$2.33B
| $13M | ﹤0.01% |
2,105,000
-3,629,900
| -63% | -$25.6M |
|
2718
American Financial Group
AFG
$11.8B
| $12.9M | ﹤0.01% |
94,523
+80,314
| +565% | +$11M |
|
2719
CALL
Vanguard Russell 2000 ETF
VTWO
$17.3B
| $12.9M | ﹤0.01% |
129,200
+51,500
| +66% | +$5.12M |
|
2720
PUT
Sphere Entertainment
SPHR
$5.29B
| $12.8M | ﹤0.01% |
135,100
-100,500
| -43% | -$7.66M |
|
2721
PUT
Carlyle Group
CG
$17.5B
| $12.8M | ﹤0.01% |
217,300
-405,600
| -65% | -$23M |
|
2722
CALL
NEOS S&P 500 High Income ETF
SPYI
$11.6B
| $12.8M | ﹤0.01% |
244,500
+207,000
| +552% | +$10.9M |
|
2723
Expedia Group
EXPE
$38.3B
| $12.8M | ﹤0.01% |
45,316
+7,320
| +19% | +$1.81M |
|
|
SKE
2724
CALL
Skeena Resources
SKE
$4.41B
| $12.8M | ﹤0.01% |
540,700
+466,100
| +625% | +$9.19M |
|
2725
CALL
Root
ROOT
$853M
| $12.8M | ﹤0.01% |
177,500
+46,900
| +36% | +$3.74M |
|
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.