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 | |
|---|---|---|---|---|---|---|
2826
PUT
Molson Coors Class B
TAP
$7.77B
| $12M | ﹤0.01% |
256,600
-234,900
| -48% | -$10.8M |
|
2827
Hewlett Packard
HPE
$72B
| $12M | ﹤0.01% |
498,592
-2,126,706
| -81% | -$50.1M |
|
2828
CALL
Essex Property Trust
ESS
$18B
| $12M | ﹤0.01% |
45,700
-63,100
| -58% | -$16.3M |
|
|
CTRA
2829
DELISTED
Coterra Energy
CTRA
| $12M | ﹤0.01% |
454,210
+111,497
| +33% | +$2.81M |
|
2830
PUT
Western Alliance Bancorporation
WAL
$8.59B
| $12M | ﹤0.01% |
142,200
+17,400
| +14% | +$1.41M |
|
2831
PUT
ProShares VIX Short-Term Futures ETF
VIXY
$212M
| $11.9M | ﹤0.01% |
465,600
+117,400
| +34% | +$3.73M |
|
2832
PUT
uniQure
QURE
$3.44B
| $11.9M | ﹤0.01% |
498,800
-385,200
| -44% | -$14.9M |
|
2833
CALL
Repligen
RGEN
$10.3B
| $11.9M | ﹤0.01% |
72,800
-36,100
| -33% | -$5.65M |
|
2834
CALL
Madison Square Garden
MSGS
$9.48B
| $11.9M | ﹤0.01% |
46,100
-1,000
| -2% | -$228K |
|
2835
PUT
Targa Resources
TRGP
$62B
| $11.9M | ﹤0.01% |
64,600
-25,400
| -28% | -$4.28M |
|
2836
CALL
Ovintiv
OVV
$18B
| $11.9M | ﹤0.01% |
303,700
-252,100
| -45% | -$9.77M |
|
|
NB
2837
CALL
NioCorp Developments
NB
$636M
| $11.9M | ﹤0.01% |
2,242,100
+1,206,000
| +116% | +$8.3M |
|
|
HUT
2838
Hut 8
HUT
$10.7B
| $11.9M | ﹤0.01% |
258,512
-1,074,802
| -81% | -$47.4M |
|
2839
Sempra
SRE
$55.4B
| $11.9M | ﹤0.01% |
134,511
+56,983
| +73% | +$5.19M |
|
|
LIF
2840
Life360
LIF
$3.61B
| $11.9M | ﹤0.01% |
185,059
-59,942
| -24% | -$4.98M |
|
2841
PUT
Birkenstock
BIRK
$5.83B
| $11.8M | ﹤0.01% |
289,400
-381,900
| -57% | -$16.2M |
|
2842
CALL
BBVA Argentina
BBAR
$2.98B
| $11.8M | ﹤0.01% |
655,000
+194,800
| +42% | +$2.79M |
|
2843
Fox Class A
FOXA
$28.3B
| $11.8M | ﹤0.01% |
161,971
+47,778
| +42% | +$3.12M |
|
2844
CALL
Equifax
EFX
$22.4B
| $11.8M | ﹤0.01% |
54,500
-32,500
| -37% | -$7.12M |
|
2845
PUT
Bausch Health
BHC
$2.36B
| $11.8M | ﹤0.01% |
1,701,000
+506,100
| +42% | +$3.33M |
|
2846
Tractor Supply
TSCO
$18.1B
| $11.8M | ﹤0.01% |
236,292
+122,579
| +108% | +$6.6M |
|
|
SLNO
2847
CALL
DELISTED
Soleno Therapeutics
SLNO
| $11.8M | ﹤0.01% |
254,900
-146,800
| -37% | -$8.05M |
|
2848
PUT
Vanguard High Dividend Yield ETF
VYM
$82.9B
| $11.8M | ﹤0.01% |
82,200
-13,400
| -14% | -$1.91M |
|
2849
CALL
Viasat
VSAT
$10B
| $11.8M | ﹤0.01% |
342,100
-113,700
| -25% | -$4.01M |
|
2850
Construction Partners
ROAD
$6.51B
| $11.8M | ﹤0.01% |
108,432
+47,413
| +78% | +$5.34M |
|
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.