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 | |
|---|---|---|---|---|---|---|
3001
PUT
Sigma Lithium
SGML
$1.42B
| $10.3M | ﹤0.01% |
782,400
+301,000
| +63% | +$2.59M |
|
3002
PUT
Weibo
WB
$1.71B
| $10.3M | ﹤0.01% |
1,009,600
-66,900
| -6% | -$718K |
|
3003
YieldMax NVDA Option Income Strategy ETF
NVDY
$1.43B
| $10.3M | ﹤0.01% |
705,875
-2,566
| -0.4% | -$39.5K |
|
3004
CALL
Magna International
MGA
$17.6B
| $10.3M | ﹤0.01% |
193,400
-34,700
| -15% | -$1.7M |
|
3005
CALL
Nokia
NOK
$59.3B
| $10.3M | ﹤0.01% |
1,592,500
+1,452,900
| +1,041% | +$9.01M |
|
3006
PUT
ODDITY Tech
ODD
$691M
| $10.3M | ﹤0.01% |
256,000
+114,800
| +81% | +$5.19M |
|
3007
PUT
Varonis Systems
VRNS
$5.14B
| $10.3M | ﹤0.01% |
+313,600
| New | +$13.2M |
|
|
SW
3008
Smurfit Westrock
SW
$25.5B
| $10.3M | ﹤0.01% |
265,837
+150,051
| +130% | +$5.72M |
|
3009
iShares Global Comm Services ETF
IXP
$500M
| $10.3M | ﹤0.01% |
84,702
+79,305
| +1,469% | +$9.69M |
|
3010
Plug Power
PLUG
$3.17B
| $10.3M | ﹤0.01% |
5,211,698
+4,806,378
| +1,186% | +$12.5M |
|
3011
PUT
Celcuity
CELC
$4.56B
| $10.2M | ﹤0.01% |
102,500
-4,500
| -4% | -$370K |
|
|
3012
CALL
Sigma Lithium
SGML
$1.42B
| $10.2M | ﹤0.01% |
774,500
+706,000
| +1,031% | +$6.08M |
|
3013
Kohl's
KSS
$2.06B
| $10.2M | ﹤0.01% |
500,308
+95,261
| +24% | +$1.79M |
|
3014
CALL
WD-40
WDFC
$2.94B
| $10.2M | ﹤0.01% |
51,800
+18,300
| +55% | +$3.61M |
|
3015
PUT
Omeros
OMER
$1.39B
| $10.2M | ﹤0.01% |
593,500
+423,300
| +249% | +$3.65M |
|
3016
CALL
Amer Sports
AS
$17.8B
| $10.2M | ﹤0.01% |
272,800
+78,900
| +41% | +$2.71M |
|
3017
TPG
TPG
$8.99B
| $10.2M | ﹤0.01% |
159,325
-4,624
| -3% | -$273K |
|
3018
CALL
McCormick & Company Non-Voting
MKC
$14.7B
| $10.2M | ﹤0.01% |
149,100
-46,100
| -24% | -$3.06M |
|
3019
CALL
Everest Group
EG
$14.5B
| $10.1M | ﹤0.01% |
29,900
+8,400
| +39% | +$2.77M |
|
3020
PUT
Noble Corp
NE
$7.46B
| $10.1M | ﹤0.01% |
358,900
+12,800
| +4% | +$378K |
|
3021
CALL
Owens Corning
OC
$11.4B
| $10.1M | ﹤0.01% |
90,500
-29,500
| -25% | -$3.46M |
|
3022
PUT
Fomento Económico Mexicano
FMX
$41B
| $10.1M | ﹤0.01% |
100,200
+47,000
| +88% | +$4.57M |
|
3023
CALL
Coca-Cola Europacific Partners
CCEP
$47.4B
| $10.1M | ﹤0.01% |
111,500
+82,000
| +278% | +$7.41M |
|
3024
PUT
Olema Pharmaceuticals
OLMA
$944M
| $10.1M | ﹤0.01% |
+404,000
| New | +$7.19M |
|
|
VTYX
3025
DELISTED
Ventyx Biosciences
VTYX
| $10.1M | ﹤0.01% |
1,118,275
+438,297
| +64% | +$3.28M |
|
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.