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 | |
|---|---|---|---|---|---|---|
3151
Edison International
EIX
$28.4B
| $9.21M | ﹤0.01% |
153,395
-266,406
| -63% | -$15.3M |
|
3152
PUT
Jackson Financial
JXN
$9.13B
| $9.2M | ﹤0.01% |
86,300
+51,400
| +147% | +$5.11M |
|
3153
Sarepta Therapeutics
SRPT
$2.25B
| $9.2M | ﹤0.01% |
427,609
-563,257
| -57% | -$11.9M |
|
3154
PUT
Viper Energy
VNOM
$15.9B
| $9.2M | ﹤0.01% |
238,100
-168,400
| -41% | -$6.38M |
|
3155
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.71B
| $9.19M | ﹤0.01% |
187,634
+162,666
| +651% | +$7.98M |
|
3156
CALL
Federal Realty Investment Trust
FRT
$10.2B
| $9.19M | ﹤0.01% |
91,200
+77,300
| +556% | +$7.61M |
|
3157
Ares Management
ARES
$32.2B
| $9.18M | ﹤0.01% |
56,772
-127,382
| -69% | -$19.8M |
|
3158
Celcuity
CELC
$4.35B
| $9.17M | ﹤0.01% |
+91,895
| New | +$7.55M |
|
3159
Nordson
NDSN
$18.1B
| $9.16M | ﹤0.01% |
38,113
+30,223
| +383% | +$7.1M |
|
3160
CALL
Compañía de Minas Buenaventura
BVN
$8.98B
| $9.16M | ﹤0.01% |
329,100
+247,500
| +303% | +$6.18M |
|
3161
PUT
Xcel Energy
XEL
$47.8B
| $9.16M | ﹤0.01% |
124,000
+9,100
| +8% | +$718K |
|
3162
PUT
AerCap
AER
$23.1B
| $9.16M | ﹤0.01% |
63,700
-38,700
| -38% | -$5.13M |
|
3163
CALL
Atmos Energy
ATO
$28.3B
| $9.15M | ﹤0.01% |
54,600
+38,900
| +248% | +$6.73M |
|
3164
CALL
Hubbell
HUBB
$24.4B
| $9.15M | ﹤0.01% |
20,600
-10,800
| -34% | -$4.73M |
|
3165
CALL
Warby Parker
WRBY
$3.12B
| $9.14M | ﹤0.01% |
419,600
+325,800
| +347% | +$7.09M |
|
3166
PUT
Entergy
ETR
$49.4B
| $9.14M | ﹤0.01% |
98,900
-146,200
| -60% | -$13.9M |
|
3167
PUT
Itron
ITRI
$4.27B
| $9.14M | ﹤0.01% |
98,400
-52,500
| -35% | -$5.72M |
|
3168
CALL
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
$258M
| $9.14M | ﹤0.01% |
417,200
-267,100
| -39% | -$6.21M |
|
3169
Regions Financial
RF
$25.8B
| $9.13M | ﹤0.01% |
336,903
-244,906
| -42% | -$6.26M |
|
3170
CALL
Canadian National Railway
CNI
$75.8B
| $9.12M | ﹤0.01% |
92,300
-122,000
| -57% | -$11.7M |
|
3171
CALL
Syndax Pharmaceuticals
SNDX
$1.76B
| $9.12M | ﹤0.01% |
434,100
+21,100
| +5% | +$368K |
|
3172
Franklin Bitcoin ETF
EZBC
$463M
| $9.12M | ﹤0.01% |
180,157
+161,338
| +857% | +$9.35M |
|
3173
Phathom Pharmaceuticals
PHAT
$718M
| $9.11M | ﹤0.01% |
549,171
+394,894
| +256% | +$5.64M |
|
3174
Liberty Live Group Series A
LLYVA
$9.14B
| $9.11M | ﹤0.01% |
111,782
+20,425
| +22% | +$1.7M |
|
|
BBU
3175
DELISTED
Brookfield Business Partners
BBU
| $9.1M | ﹤0.01% |
258,601
+237,619
| +1,132% | +$8.15M |
|
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.