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 | |
|---|---|---|---|---|---|---|
2926
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.3M
| $11M | ﹤0.01% |
84,560
+66,282
| +363% | +$8.48M |
|
2927
CALL
Onto Innovation
ONTO
$17.9B
| $11M | ﹤0.01% |
69,500
-20,600
| -23% | -$2.93M |
|
2928
PUT
Iron Mountain
IRM
$36.5B
| $11M | ﹤0.01% |
132,200
-46,700
| -26% | -$4.37M |
|
2929
CALL
Schrodinger
SDGR
$1.53B
| $11M | ﹤0.01% |
613,000
+219,200
| +56% | +$4.16M |
|
|
CIVI
2930
PUT
DELISTED
Civitas Resources
CIVI
| $11M | ﹤0.01% |
404,500
-190,500
| -32% | -$5.51M |
|
2931
Qorvo
QRVO
$8.49B
| $11M | ﹤0.01% |
129,662
+30,621
| +31% | +$2.7M |
|
2932
CALL
Replimune Group
REPL
$1.47B
| $11M | ﹤0.01% |
1,126,600
-670,400
| -37% | -$5.7M |
|
2933
CALL
Hallador Energy
HNRG
$784M
| $10.9M | ﹤0.01% |
574,800
-134,400
| -19% | -$2.72M |
|
2934
CALL
Valmont Industries
VMI
$9.28B
| $10.9M | ﹤0.01% |
27,100
-12,600
| -32% | -$5.13M |
|
2935
Lightpath Technologies
LPTH
$866M
| $10.9M | ﹤0.01% |
1,008,521
+407,487
| +68% | +$3.3M |
|
2936
CALL
Direxion Daily AMZN Bull 2X ETF
AMZU
$282M
| $10.9M | ﹤0.01% |
310,800
+56,200
| +22% | +$2.05M |
|
2937
PUT
Murphy USA
MUSA
$9.36B
| $10.9M | ﹤0.01% |
26,900
+7,200
| +37% | +$2.76M |
|
2938
CALL
Tencent Music
TME
$14.2B
| $10.8M | ﹤0.01% |
618,700
-558,700
| -47% | -$11.3M |
|
2939
PUT
Celanese
CE
$4.92B
| $10.8M | ﹤0.01% |
255,600
-59,100
| -19% | -$2.41M |
|
2940
PUT
Bank OZK
OZK
$5.39B
| $10.8M | ﹤0.01% |
234,800
+41,500
| +21% | +$1.94M |
|
2941
CALL
MarketAxess Holdings
MKTX
$5.72B
| $10.8M | ﹤0.01% |
59,600
-152,900
| -72% | -$26.1M |
|
2942
PUT
Wave Life Sciences
WVE
$1.02B
| $10.8M | ﹤0.01% |
634,100
+620,300
| +4,495% | +$6.3M |
|
2943
Maximus
MMS
$3.12B
| $10.8M | ﹤0.01% |
124,679
+111,442
| +842% | +$9.53M |
|
2944
PUT
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$229M
| $10.8M | ﹤0.01% |
281,200
+161,700
| +135% | +$7.92M |
|
2945
CALL
iShares 10-20 Year Treasury Bond ETF
TLH
$11.1B
| $10.7M | ﹤0.01% |
105,700
+51,900
| +96% | +$5.35M |
|
2946
Occidental Petroleum Corp Warrants
OXY.WS
$35B
| $10.7M | ﹤0.01% |
556,914
-12,334
| -2% | -$245K |
|
|
SA
2947
PUT
Seabridge Gold
SA
$3.67B
| $10.7M | ﹤0.01% |
362,500
+105,700
| +41% | +$2.78M |
|
2948
PUT
Viking Holdings
VIK
$40.1B
| $10.7M | ﹤0.01% |
150,200
-99,200
| -40% | -$6.33M |
|
2949
PUT
TPG
TPG
$8.99B
| $10.7M | ﹤0.01% |
167,900
+93,000
| +124% | +$5.49M |
|
2950
PUT
AutoNation
AN
$6.57B
| $10.7M | ﹤0.01% |
51,900
+25,300
| +95% | +$5.26M |
|
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.