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 | |
|---|---|---|---|---|---|---|
3051
SAP
SAP
$255B
| $9.93M | ﹤0.01% |
40,864
-6,195
| -13% | -$1.58M |
|
|
GES
3052
CALL
DELISTED
Guess Inc
GES
| $9.92M | ﹤0.01% |
592,500
+311,600
| +111% | +$5.26M |
|
3053
CALL
Crown Holdings
CCK
$12.8B
| $9.91M | ﹤0.01% |
96,200
+7,500
| +8% | +$731K |
|
3054
Camden Property Trust
CPT
$12.2B
| $9.9M | ﹤0.01% |
89,960
+72,064
| +403% | +$7.49M |
|
3055
PUT
dLocal
DLO
$4.46B
| $9.9M | ﹤0.01% |
699,800
-305,100
| -30% | -$4.3M |
|
3056
CALL
Inhibrx
INBX
$1.82B
| $9.88M | ﹤0.01% |
125,100
+104,500
| +507% | +$7.12M |
|
3057
CALL
Pampa Energía
PAM
$4.35B
| $9.87M | ﹤0.01% |
111,500
+73,600
| +194% | +$5.93M |
|
3058
PUT
Hormel Foods
HRL
$11.7B
| $9.86M | ﹤0.01% |
416,200
-177,300
| -30% | -$4.14M |
|
3059
CALL
State Street SPDR S&P Insurance ETF
KIE
$707M
| $9.86M | ﹤0.01% |
163,900
+61,900
| +61% | +$3.64M |
|
3060
2x Long VIX Futures ETF
UVIX
$207M
| $9.83M | ﹤0.01% |
86,101
+57,220
| +198% | +$10.5M |
|
3061
CF Industries
CF
$19B
| $9.83M | ﹤0.01% |
127,115
+70,099
| +123% | +$5.76M |
|
3062
CALL
Hercules Capital
HTGC
$3.28B
| $9.83M | ﹤0.01% |
522,100
+391,300
| +299% | +$7.06M |
|
3063
CALL
PTC Therapeutics
PTCT
$5.99B
| $9.81M | ﹤0.01% |
129,200
-90,500
| -41% | -$6.58M |
|
3064
CALL
iShares MSCI Germany ETF
EWG
$1.74B
| $9.81M | ﹤0.01% |
230,900
-28,000
| -11% | -$1.16M |
|
3065
PUT
Robert Half
RHI
$4.6B
| $9.81M | ﹤0.01% |
361,300
+171,400
| +90% | +$4.89M |
|
3066
CALL
Commault Systems
CVLT
$5.82B
| $9.8M | ﹤0.01% |
78,200
-55,500
| -42% | -$7.81M |
|
3067
PUT
Ferguson
FERG
$45.1B
| $9.8M | ﹤0.01% |
44,000
-26,500
| -38% | -$6.33M |
|
3068
PUT
Krystal Biotech
KRYS
$10.6B
| $9.79M | ﹤0.01% |
39,700
-102,800
| -72% | -$21.6M |
|
3069
CALL
American Superconductor
AMSC
$1.45B
| $9.79M | ﹤0.01% |
340,000
+40,400
| +13% | +$1.75M |
|
3070
PUT
Banc of California
BANC
$2.97B
| $9.78M | ﹤0.01% |
506,900
+199,000
| +65% | +$3.57M |
|
3071
PUT
Ocular Therapeutix
OCUL
$2.38B
| $9.78M | ﹤0.01% |
805,400
+627,400
| +352% | +$7.62M |
|
|
3072
PUT
PTC Therapeutics
PTCT
$5.99B
| $9.78M | ﹤0.01% |
128,700
+4,200
| +3% | +$305K |
|
3073
CALL
Shoals Technologies Group
SHLS
$1.25B
| $9.77M | ﹤0.01% |
1,149,200
+68,300
| +6% | +$614K |
|
3074
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.41B
| $9.76M | ﹤0.01% |
241,900
+156,000
| +182% | +$6.42M |
|
3075
PUT
Planet Fitness
PLNT
$3.91B
| $9.74M | ﹤0.01% |
89,800
+21,600
| +32% | +$2.22M |
|
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.