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 | |
|---|---|---|---|---|---|---|
3176
CALL
Willis Towers Watson
WTW
$32.1B
| $9.1M | ﹤0.01% |
27,700
+8,600
| +45% | +$2.82M |
|
3177
Invesco
IVZ
$14.5B
| $9.08M | ﹤0.01% |
345,761
+197,901
| +134% | +$4.83M |
|
3178
CALL
Starwood Property Trust
STWD
$5.87B
| $9.08M | ﹤0.01% |
504,100
-107,100
| -18% | -$1.97M |
|
|
WCC
3179
CALL
WESCO International
WCC
$16.4B
| $9.08M | ﹤0.01% |
37,100
-6,600
| -15% | -$1.62M |
|
|
JBTM
3180
CALL
JBT Marel
JBTM
$6.07B
| $9.07M | ﹤0.01% |
60,200
+15,400
| +34% | +$2.17M |
|
3181
Arthur J. Gallagher & Co
AJG
$68.7B
| $9.07M | ﹤0.01% |
35,039
+11,453
| +49% | +$3.03M |
|
3182
CALL
Varonis Systems
VRNS
$5.13B
| $9.06M | ﹤0.01% |
276,100
+148,000
| +116% | +$6.21M |
|
3183
YieldMax MSTR Option Income Strategy ETF
MSTY
$913M
| $9.05M | ﹤0.01% |
305,860
+145,225
| +90% | +$6.78M |
|
3184
Liquidia Corp
LQDA
$6.11B
| $9.04M | ﹤0.01% |
262,106
-607,907
| -70% | -$17.3M |
|
3185
PUT
Watsco Inc
WSO
$12.6B
| $9.03M | ﹤0.01% |
26,800
-23,300
| -47% | -$8.32M |
|
3186
CALL
Recursion Pharmaceuticals
RXRX
$1.79B
| $9.03M | ﹤0.01% |
2,207,700
+173,500
| +9% | +$859K |
|
3187
FuelCell Energy
FCEL
$1.42B
| $9.02M | ﹤0.01% |
1,234,295
+658,224
| +114% | +$5.38M |
|
3188
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $9.02M | ﹤0.01% |
93,700
+88,400
| +1,668% | +$8.49M |
|
3189
Xylem
XYL
$25.9B
| $9.02M | ﹤0.01% |
66,226
-15,981
| -19% | -$2.3M |
|
3190
CALL
InMode
INMD
$855M
| $9.01M | ﹤0.01% |
613,200
-28,900
| -5% | -$425K |
|
3191
VICI Properties
VICI
$28.5B
| $9.01M | ﹤0.01% |
320,281
+161,885
| +102% | +$4.81M |
|
3192
PUT
Axos Financial
AX
$5.54B
| $9M | ﹤0.01% |
104,500
-900
| -0.9% | -$74.1K |
|
3193
CALL
Acuity Brands
AYI
$9.98B
| $9M | ﹤0.01% |
25,000
+400
| +2% | +$145K |
|
3194
First Solar
FSLR
$21.8B
| $8.99M | ﹤0.01% |
34,404
+862
| +3% | +$217K |
|
3195
PUT
Amer Sports
AS
$17.9B
| $8.99M | ﹤0.01% |
240,600
+49,700
| +26% | +$1.71M |
|
3196
PUT
New Oriental
EDU
$9.31B
| $8.99M | ﹤0.01% |
163,300
+26,100
| +19% | +$1.43M |
|
3197
J.M. Smucker
SJM
$14.1B
| $8.99M | ﹤0.01% |
91,871
+57,668
| +169% | +$5.96M |
|
3198
CALL
Levi Strauss
LEVI
$8.25B
| $8.98M | ﹤0.01% |
433,100
-40,100
| -8% | -$864K |
|
3199
CALL
Arbor Realty Trust
ABR
$940M
| $8.98M | ﹤0.01% |
1,157,500
-1,359,000
| -54% | -$13.3M |
|
3200
Carvana
CVNA
$53.7B
| $8.97M | ﹤0.01% |
106,325
-614,395
| -85% | -$45.7M |
|
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.