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 | |
|---|---|---|---|---|---|---|
2751
The Ensign Group
ENSG
$10.1B
| $12.6M | ﹤0.01% |
72,467
-70,579
| -49% | -$12.7M |
|
2752
Innovator US Equity Power Buffer ETF November
PNOV
$897M
| $12.6M | ﹤0.01% |
301,997
+284,196
| +1,597% | +$11.8M |
|
2753
BorgWarner
BWA
$13.2B
| $12.6M | ﹤0.01% |
279,774
+37,693
| +16% | +$1.65M |
|
2754
PUT
Rambus
RMBS
$9.88B
| $12.6M | ﹤0.01% |
137,000
-62,100
| -31% | -$6.11M |
|
2755
Lazard
LAZ
$4.21B
| $12.6M | ﹤0.01% |
259,128
+31,199
| +14% | +$1.56M |
|
2756
Verisk Analytics
VRSK
$24.9B
| $12.6M | ﹤0.01% |
56,252
+25,026
| +80% | +$5.65M |
|
2757
CALL
MSC Industrial Direct
MSM
$6.81B
| $12.6M | ﹤0.01% |
149,600
+117,900
| +372% | +$10.2M |
|
|
SNV
2758
CALL
DELISTED
Synovus
SNV
| $12.6M | ﹤0.01% |
251,200
-120,100
| -32% | -$5.77M |
|
2759
PUT
Semtech
SMTC
$13.3B
| $12.6M | ﹤0.01% |
170,500
+15,200
| +10% | +$1.08M |
|
2760
Emerson Electric
EMR
$88B
| $12.6M | ﹤0.01% |
94,656
+50,905
| +116% | +$6.75M |
|
2761
CALL
Fox Class A
FOXA
$28.3B
| $12.6M | ﹤0.01% |
171,800
+82,800
| +93% | +$5.41M |
|
2762
PUT
BWX Technologies
BWXT
$14.3B
| $12.5M | ﹤0.01% |
72,600
-37,000
| -34% | -$6.94M |
|
2763
CALL
Strive Inc
ASST
$2.07B
| $12.5M | ﹤0.01% |
847,140
+792,075
| +1,438% | +$18.9M |
|
2764
PUT
Entegris
ENTG
$22.2B
| $12.5M | ﹤0.01% |
148,700
+5,200
| +4% | +$452K |
|
2765
CALL
VICI Properties
VICI
$28.4B
| $12.5M | ﹤0.01% |
444,900
+41,000
| +10% | +$1.22M |
|
2766
CALL
iShares S&P 500 Growth ETF
IVW
$77.2B
| $12.5M | ﹤0.01% |
101,200
-11,200
| -10% | -$1.37M |
|
2767
CALL
United States Copper Index Fund
CPER
$748M
| $12.5M | ﹤0.01% |
356,800
+346,100
| +3,235% | +$11.1M |
|
2768
CALL
Matador Resources
MTDR
$7.02B
| $12.5M | ﹤0.01% |
293,900
+19,600
| +7% | +$823K |
|
2769
PUT
Logitech
LOGI
$14B
| $12.5M | ﹤0.01% |
124,400
-114,400
| -48% | -$12.9M |
|
2770
Corteva
CTVA
$55B
| $12.5M | ﹤0.01% |
185,993
+18,598
| +11% | +$1.2M |
|
2771
PUT
Ollie's Bargain Outlet
OLLI
$4.32B
| $12.5M | ﹤0.01% |
113,700
-52,800
| -32% | -$6.37M |
|
2772
CALL
Helmerich & Payne
HP
$4.24B
| $12.5M | ﹤0.01% |
434,400
+30,300
| +7% | +$805K |
|
2773
CALL
Herbalife
HLF
$1.29B
| $12.4M | ﹤0.01% |
965,800
+421,200
| +77% | +$4.46M |
|
2774
Avantis Emerging Markets Equity ETF
AVEM
$28.1B
| $12.4M | ﹤0.01% |
161,480
+92,563
| +134% | +$7.09M |
|
2775
CALL
Boston Properties
BXP
$11.2B
| $12.4M | ﹤0.01% |
184,000
-128,900
| -41% | -$9.16M |
|
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.