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 | |
|---|---|---|---|---|---|---|
2801
VanEck Digital Transformation ETF
DAPP
$319M
| $12.2M | ﹤0.01% |
+737,407
| New | +$15.4M |
|
2802
Global X Lithium & Battery Tech ETF
LIT
$1.65B
| $12.2M | ﹤0.01% |
187,715
+172,699
| +1,150% | +$10.6M |
|
2803
PUT
Peabody Energy
BTU
$3.59B
| $12.2M | ﹤0.01% |
409,100
-331,500
| -45% | -$9.74M |
|
2804
CALL
Viavi Solutions
VIAV
$9.49B
| $12.1M | ﹤0.01% |
680,800
-5,800
| -0.8% | -$93.7K |
|
2805
CALL
Inspire Medical Systems
INSP
$1.76B
| $12.1M | ﹤0.01% |
131,500
+92,100
| +234% | +$8.81M |
|
|
BLSH
2806
Bullish
BLSH
$5.09B
| $12.1M | ﹤0.01% |
319,663
+189,577
| +146% | +$9.23M |
|
|
PRMB
2807
Primo Brands
PRMB
$8.12B
| $12.1M | ﹤0.01% |
739,619
+127,730
| +21% | +$2.36M |
|
2808
CALL
J.M. Smucker
SJM
$14.1B
| $12.1M | ﹤0.01% |
123,600
-66,400
| -35% | -$6.86M |
|
|
SPYM
2809
PUT
State Street SPDR Portfolio S&P 500 ETF
SPYM
$171B
| $12.1M | ﹤0.01% |
150,700
-187,600
| -55% | -$14.9M |
|
2810
Unusual Machines
UMAC
$1.31B
| $12.1M | ﹤0.01% |
948,676
-185,928
| -16% | -$2.18M |
|
2811
PUT
Fabrinet
FN
$15.5B
| $12.1M | ﹤0.01% |
26,500
-1,800
| -6% | -$783K |
|
2812
iShares Russell 1000 ETF
IWB
$49.2B
| $12M | ﹤0.01% |
32,237
-27,189
| -46% | -$10.1M |
|
2813
SPX Corp
SPXC
$10.3B
| $12M | ﹤0.01% |
60,174
+57,482
| +2,135% | +$11.7M |
|
2814
CALL
Corcept Therapeutics
CORT
$12.6B
| $12M | ﹤0.01% |
345,900
+144,900
| +72% | +$11.4M |
|
2815
CALL
Equinor
EQNR
$98.6B
| $12M | ﹤0.01% |
509,400
-216,200
| -30% | -$5.1M |
|
2816
CALL
Zillow
ZG
$8.17B
| $12M | ﹤0.01% |
176,400
+119,700
| +211% | +$8.42M |
|
|
MRSH
2817
PUT
Marsh
MRSH
$90.7B
| $12M | ﹤0.01% |
64,800
-188,900
| -74% | -$35.3M |
|
2818
Floor & Decor
FND
$5.68B
| $12M | ﹤0.01% |
197,374
+157,881
| +400% | +$10.2M |
|
2819
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$250M
| $12M | ﹤0.01% |
217,000
+1,300
| +0.6% | +$65.7K |
|
2820
Avis
CAR
$4.93B
| $12M | ﹤0.01% |
93,586
+91,943
| +5,596% | +$12.8M |
|
2821
CALL
Western Midstream Partners
WES
$19.8B
| $12M | ﹤0.01% |
303,900
-281,400
| -48% | -$10.9M |
|
2822
Wingstop
WING
$3B
| $12M | ﹤0.01% |
50,317
-20,801
| -29% | -$5.15M |
|
|
SEZL
2823
PUT
Sezzle
SEZL
$4.24B
| $12M | ﹤0.01% |
189,000
+79,800
| +73% | +$5.44M |
|
2824
CALL
Denison Mines
DNN
$3.32B
| $12M | ﹤0.01% |
4,506,500
+3,741,800
| +489% | +$10.2M |
|
|
ETOR
2825
PUT
eToro Group
ETOR
$2.56B
| $12M | ﹤0.01% |
341,100
+24,300
| +8% | +$938K |
|
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.