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 | |
|---|---|---|---|---|---|---|
2876
CALL
Pitney Bowes
PBI
$2.37B
| $11.5M | ﹤0.01% |
1,091,200
-63,900
| -6% | -$663K |
|
2877
CALL
Innospec
IOSP
$2.35B
| $11.5M | ﹤0.01% |
150,600
+400
| +0.3% | +$30.2K |
|
2878
PUT
Mattel
MAT
$4.26B
| $11.5M | ﹤0.01% |
580,700
-464,000
| -44% | -$8.96M |
|
2879
AXT Inc
AXTI
$4.39B
| $11.5M | ﹤0.01% |
704,328
+200,690
| +40% | +$1.94M |
|
2880
CALL
Advanced Energy
AEIS
$11.5B
| $11.5M | ﹤0.01% |
55,000
+16,400
| +42% | +$3.34M |
|
2881
Crown Castle
CCI
$31.9B
| $11.5M | ﹤0.01% |
129,575
-13,007
| -9% | -$1.2M |
|
2882
PUT
Papa John's
PZZA
$765M
| $11.5M | ﹤0.01% |
299,100
+67,500
| +29% | +$2.98M |
|
2883
On Holding
ONON
$9.68B
| $11.5M | ﹤0.01% |
247,295
-156,360
| -39% | -$6.74M |
|
2884
PUT
MKS Inc
MKSI
$18.3B
| $11.5M | ﹤0.01% |
71,900
+64,000
| +810% | +$9.49M |
|
2885
Healthpeak Properties
DOC
$14.6B
| $11.5M | ﹤0.01% |
714,394
+551,493
| +339% | +$9.72M |
|
2886
Applied Optoelectronics
AAOI
$9.62B
| $11.5M | ﹤0.01% |
329,471
-693,752
| -68% | -$20.7M |
|
|
METU
2887
PUT
Direxion Daily META Bull 2X ETF
METU
$466M
| $11.5M | ﹤0.01% |
356,600
+162,900
| +84% | +$5.58M |
|
2888
CALL
Ultragenyx Pharmaceutical
RARE
$2.59B
| $11.4M | ﹤0.01% |
497,100
+201,500
| +68% | +$6.63M |
|
2889
PUT
OneMain Financial
OMF
$7.35B
| $11.4M | ﹤0.01% |
169,100
-41,400
| -20% | -$2.52M |
|
2890
CALL
Richtech Robotics
RR
$439M
| $11.4M | ﹤0.01% |
3,533,200
+2,392,500
| +210% | +$10.6M |
|
2891
CALL
ASP Isotopes
ASPI
$619M
| $11.4M | ﹤0.01% |
2,131,100
+362,300
| +20% | +$2.88M |
|
2892
CALL
Equity Lifestyle Properties
ELS
$12.4B
| $11.4M | ﹤0.01% |
187,900
+1,100
| +0.6% | +$68K |
|
|
FLY
2893
PUT
Firefly Aerospace
FLY
$3.71B
| $11.3M | ﹤0.01% |
506,900
+221,100
| +77% | +$5.12M |
|
2894
Ormat Technologies
ORA
$6.45B
| $11.3M | ﹤0.01% |
102,527
-228,685
| -69% | -$25M |
|
|
SLNO
2895
DELISTED
Soleno Therapeutics
SLNO
| $11.3M | ﹤0.01% |
244,358
+228,340
| +1,426% | +$12.5M |
|
2896
CALL
Birkenstock
BIRK
$5.83B
| $11.3M | ﹤0.01% |
276,400
-204,900
| -43% | -$8.68M |
|
2897
CALL
AllianceBernstein
AB
$3.41B
| $11.3M | ﹤0.01% |
293,700
+67,600
| +30% | +$2.68M |
|
2898
PUT
Viatris
VTRS
$19.4B
| $11.3M | ﹤0.01% |
907,500
-80,700
| -8% | -$871K |
|
2899
CALL
TechnipFMC
FTI
$29.9B
| $11.3M | ﹤0.01% |
253,500
-137,800
| -35% | -$5.82M |
|
2900
PUT
Direxion Daily AMZN Bull 2X ETF
AMZU
$282M
| $11.3M | ﹤0.01% |
322,400
+177,000
| +122% | +$6.44M |
|
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.