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 | |
|---|---|---|---|---|---|---|
3101
Aon
AON
$75.2B
| $9.56M | ﹤0.01% |
27,097
-32,209
| -54% | -$11.2M |
|
3102
Cognizant
CTSH
$29.1B
| $9.56M | ﹤0.01% |
115,185
+2,772
| +2% | +$207K |
|
3103
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$664M
| $9.55M | ﹤0.01% |
254,500
+146,180
| +135% | +$5.91M |
|
3104
PUT
Advanced Energy
AEIS
$11.3B
| $9.55M | ﹤0.01% |
45,600
-7,200
| -14% | -$1.47M |
|
3105
PUT
XP
XP
$8.91B
| $9.55M | ﹤0.01% |
583,200
+99,900
| +21% | +$1.76M |
|
3106
PUT
Eldorado Gold
EGO
$12.3B
| $9.54M | ﹤0.01% |
265,700
+72,300
| +37% | +$2.16M |
|
3107
CALL
Scholar Rock
SRRK
$7.12B
| $9.54M | ﹤0.01% |
216,500
+42,900
| +25% | +$1.61M |
|
|
STUB
3108
PUT
StubHub Holdings
STUB
$2.51B
| $9.53M | ﹤0.01% |
704,300
+513,300
| +269% | +$8.07M |
|
3109
CALL
Upwork
UPWK
$1.12B
| $9.52M | ﹤0.01% |
480,300
-158,900
| -25% | -$2.91M |
|
3110
Carrier Global
CARR
$48.2B
| $9.5M | ﹤0.01% |
179,787
-121,090
| -40% | -$6.73M |
|
3111
PUT
Ovintiv
OVV
$17.7B
| $9.49M | ﹤0.01% |
242,200
-73,900
| -23% | -$2.86M |
|
|
METU
3112
CALL
Direxion Daily META Bull 2X ETF
METU
$481M
| $9.49M | ﹤0.01% |
295,500
+256,900
| +666% | +$8.8M |
|
3113
PUT
-1x Short VIX Futures ETF
SVIX
$160M
| $9.48M | ﹤0.01% |
391,400
-235,000
| -38% | -$4.83M |
|
3114
CALL
Silicon Motion
SIMO
$8.61B
| $9.48M | ﹤0.01% |
102,300
-62,200
| -38% | -$5.71M |
|
|
LAC
3115
PUT
Lithium Americas
LAC
$1.13B
| $9.48M | ﹤0.01% |
2,173,200
+1,276,600
| +142% | +$7.37M |
|
3116
PUT
Braze
BRZE
$3.83B
| $9.47M | ﹤0.01% |
276,300
+264,600
| +2,262% | +$7.84M |
|
3117
Cipher Digital
CIFR
$6.57B
| $9.47M | ﹤0.01% |
641,800
-9,039,657
| -93% | -$160M |
|
3118
PUT
Bank of Montreal
BMO
$119B
| $9.46M | ﹤0.01% |
72,900
-111,700
| -61% | -$14.1M |
|
3119
CALL
Paylocity
PCTY
$8.4B
| $9.46M | ﹤0.01% |
62,000
+56,700
| +1,070% | +$8.44M |
|
|
HI
3120
PUT
DELISTED
Hillenbrand
HI
| $9.45M | ﹤0.01% |
297,800
+276,700
| +1,311% | +$8.53M |
|
3121
Coinshares Bitcoin ETF
BRRR
$464M
| $9.44M | ﹤0.01% |
381,692
+317,651
| +496% | +$8.98M |
|
3122
CALL
Group 1 Automotive
GPI
$3.19B
| $9.44M | ﹤0.01% |
24,000
-4,400
| -15% | -$1.81M |
|
3123
CALL
Photronics
PLAB
$1.7B
| $9.44M | ﹤0.01% |
294,900
+222,700
| +308% | +$5.75M |
|
3124
Fastenal
FAST
$58.2B
| $9.42M | ﹤0.01% |
234,736
+35,964
| +18% | +$1.51M |
|
3125
CALL
Aaon
AAON
$6.38B
| $9.42M | ﹤0.01% |
123,500
-63,900
| -34% | -$5.9M |
|
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.