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 | |
|---|---|---|---|---|---|---|
2976
Darden Restaurants
DRI
$24B
| $10.5M | ﹤0.01% |
57,121
+39,099
| +217% | +$7.13M |
|
2977
Morningstar
MORN
$8.21B
| $10.5M | ﹤0.01% |
48,266
+4,589
| +11% | +$994K |
|
|
TE
2978
CALL
T1 Energy
TE
$1.46B
| $10.5M | ﹤0.01% |
1,569,900
+1,515,000
| +2,760% | +$6.68M |
|
2979
CALL
AGCO
AGCO
$7.77B
| $10.4M | ﹤0.01% |
100,100
+44,600
| +80% | +$4.74M |
|
2980
CALL
Boot Barn
BOOT
$4.71B
| $10.4M | ﹤0.01% |
59,100
-75,700
| -56% | -$14.1M |
|
2981
HEICO Corp
HEI
$47.1B
| $10.4M | ﹤0.01% |
32,227
+15,731
| +95% | +$4.97M |
|
2982
PUT
Alamos Gold
AGI
$15.9B
| $10.4M | ﹤0.01% |
270,300
+54,100
| +25% | +$1.88M |
|
2983
CALL
Sweetgreen
SG
$808M
| $10.4M | ﹤0.01% |
1,541,800
+181,200
| +13% | +$1.25M |
|
2984
PUT
Credit Acceptance
CACC
$6.23B
| $10.4M | ﹤0.01% |
23,500
-9,400
| -29% | -$4.36M |
|
2985
CALL
Plains GP Holdings
PAGP
$5.55B
| $10.4M | ﹤0.01% |
544,400
-703,300
| -56% | -$12.7M |
|
2986
CALL
Packaging Corp of America
PKG
$21.7B
| $10.4M | ﹤0.01% |
50,500
-18,400
| -27% | -$3.74M |
|
2987
Middleby
MIDD
$5.14B
| $10.4M | ﹤0.01% |
69,955
+55,787
| +394% | +$7.32M |
|
|
MRP
2988
Millrose Properties Inc
MRP
$5.06B
| $10.4M | ﹤0.01% |
348,126
+324,224
| +1,356% | +$10.2M |
|
2989
CALL
Labcorp
LH
$27.3B
| $10.4M | ﹤0.01% |
41,400
-71,500
| -63% | -$19M |
|
2990
CALL
Vanguard Total World Stock ETF
VT
$81.5B
| $10.4M | ﹤0.01% |
73,600
-90,000
| -55% | -$12.6M |
|
2991
iShares Core S&P Small-Cap ETF
IJR
$111B
| $10.4M | ﹤0.01% |
86,361
+59,073
| +216% | +$7.06M |
|
2992
CALL
UL Solutions
ULS
$15.3B
| $10.4M | ﹤0.01% |
131,600
+72,000
| +121% | +$5.78M |
|
2993
PUT
Invesco KBW Bank ETF
KBWB
$6.78B
| $10.4M | ﹤0.01% |
123,100
-104,500
| -46% | -$8.27M |
|
2994
Insulet
PODD
$9.95B
| $10.4M | ﹤0.01% |
36,491
-7,372
| -17% | -$2.3M |
|
2995
CALL
Molson Coors Class B
TAP
$7.77B
| $10.4M | ﹤0.01% |
222,100
-33,200
| -13% | -$1.53M |
|
2996
ResMed
RMD
$34B
| $10.4M | ﹤0.01% |
43,009
-6,798
| -14% | -$1.74M |
|
2997
CALL
iShares MSCI Japan ETF
EWJ
$22.7B
| $10.4M | ﹤0.01% |
128,200
-215,400
| -63% | -$17.7M |
|
2998
PUT
PVH
PVH
$3.51B
| $10.3M | ﹤0.01% |
154,300
+38,000
| +33% | +$2.97M |
|
2999
Trevi Therapeutics
TRVI
$2.56B
| $10.3M | ﹤0.01% |
825,548
-775,194
| -48% | -$8.96M |
|
3000
Eastern Bankshares
EBC
$5.12B
| $10.3M | ﹤0.01% |
560,786
+318,636
| +132% | +$5.83M |
|
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.