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 | |
|---|---|---|---|---|---|---|
2901
PUT
Cogent Biosciences
COGT
$6.44B
| $11.3M | ﹤0.01% |
316,800
+45,800
| +17% | +$1.29M |
|
2902
PUT
Harrow
HROW
$1.44B
| $11.3M | ﹤0.01% |
229,600
+56,800
| +33% | +$2.38M |
|
2903
Centuri Holdings
CTRI
$2.13B
| $11.2M | ﹤0.01% |
445,326
+343,363
| +337% | +$7.68M |
|
2904
PUT
CACI
CACI
$14B
| $11.2M | ﹤0.01% |
21,100
+5,100
| +32% | +$2.88M |
|
|
WRD
2905
CALL
WeRide Inc
WRD
$1.98B
| $11.2M | ﹤0.01% |
1,293,900
+202,300
| +19% | +$1.88M |
|
2906
CALL
Fortuna Silver Mines
FSM
$3.79B
| $11.2M | ﹤0.01% |
1,144,700
-78,300
| -6% | -$705K |
|
2907
PUT
iShares Core S&P Small-Cap ETF
IJR
$111B
| $11.2M | ﹤0.01% |
93,300
+35,300
| +61% | +$4.22M |
|
2908
Sigma Lithium
SGML
$1.42B
| $11.2M | ﹤0.01% |
849,948
-9,312
| -1% | -$80.2K |
|
2909
CALL
Lantheus
LNTH
$6.56B
| $11.2M | ﹤0.01% |
168,400
+17,600
| +12% | +$1.02M |
|
2910
U-Haul Holding Co Series N
UHAL.B
$11.7B
| $11.2M | ﹤0.01% |
239,399
+9,717
| +4% | +$473K |
|
|
JMIA
2911
CALL
Jumia Technologies
JMIA
$881M
| $11.2M | ﹤0.01% |
894,900
+12,900
| +1% | +$149K |
|
2912
Uranium Energy
UEC
$6.74B
| $11.2M | ﹤0.01% |
956,469
-86,157
| -8% | -$1.13M |
|
2913
CALL
Omega Healthcare
OHI
$14B
| $11.2M | ﹤0.01% |
251,500
+20,100
| +9% | +$866K |
|
2914
CALL
Krystal Biotech
KRYS
$10.6B
| $11.1M | ﹤0.01% |
45,200
-68,600
| -60% | -$14.4M |
|
2915
CALL
Nordson
NDSN
$18.4B
| $11.1M | ﹤0.01% |
46,300
-12,100
| -21% | -$2.84M |
|
2916
PUT
POET Technologies
POET
$1.42B
| $11.1M | ﹤0.01% |
1,756,300
+1,377,200
| +363% | +$8.73M |
|
2917
CALL
PENN Entertainment
PENN
$2.33B
| $11.1M | ﹤0.01% |
753,200
-290,900
| -28% | -$4.54M |
|
2918
CALL
Textron
TXT
$14.2B
| $11.1M | ﹤0.01% |
127,000
-21,800
| -15% | -$1.82M |
|
2919
PUT
Nasdaq
NDAQ
$55.5B
| $11.1M | ﹤0.01% |
113,900
-219,700
| -66% | -$19.8M |
|
2920
PUT
Canadian National Railway
CNI
$76.5B
| $11.1M | ﹤0.01% |
111,900
-16,500
| -13% | -$1.59M |
|
2921
Elastic
ESTC
$8.7B
| $11.1M | ﹤0.01% |
146,494
+61,571
| +73% | +$5.02M |
|
2922
Rigetti Computing
RGTI
$5.49B
| $11M | ﹤0.01% |
498,765
+462,262
| +1,266% | +$15.1M |
|
2923
PUT
iShares S&P 500 Growth ETF
IVW
$77.2B
| $11M | ﹤0.01% |
89,600
+10,600
| +13% | +$1.3M |
|
2924
CALL
Willdan Group
WLDN
$1.34B
| $11M | ﹤0.01% |
106,200
-68,200
| -39% | -$6.71M |
|
2925
Sterling Infrastructure
STRL
$15.5B
| $11M | ﹤0.01% |
35,838
+35,040
| +4,391% | +$12.1M |
|
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.