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 | |
|---|---|---|---|---|---|---|
3201
PUT
Red Cat Holdings
RCAT
$1.3B
| $8.97M | ﹤0.01% |
1,131,300
+68,500
| +6% | +$656K |
|
3202
PUT
Dropbox
DBX
$7.8B
| $8.97M | ﹤0.01% |
322,500
+144,700
| +81% | +$4.21M |
|
3203
CALL
Xylem
XYL
$25.9B
| $8.96M | ﹤0.01% |
65,800
+28,200
| +75% | +$4.06M |
|
|
FIGR
3204
Figure Technology Solutions
FIGR
$8.09B
| $8.96M | ﹤0.01% |
219,394
-17,650
| -7% | -$706K |
|
3205
PUT
Viasat
VSAT
$9.38B
| $8.95M | ﹤0.01% |
259,800
-84,400
| -25% | -$2.98M |
|
3206
Advance Auto Parts
AAP
$2.59B
| $8.95M | ﹤0.01% |
227,767
+5,520
| +2% | +$277K |
|
3207
PUT
Enviri
NVRI
$620M
| $8.95M | ﹤0.01% |
499,300
+482,100
| +2,803% | +$7.18M |
|
3208
Vera Therapeutics
VERA
$2.42B
| $8.95M | ﹤0.01% |
176,684
+110,077
| +165% | +$3.91M |
|
3209
CALL
Flex
FLEX
$41B
| $8.94M | ﹤0.01% |
148,000
+10,900
| +8% | +$673K |
|
3210
PUT
Aptiv
APTV
$9.49B
| $8.94M | ﹤0.01% |
117,500
-32,700
| -22% | -$2.63M |
|
3211
CALL
Butterfly Network
BFLY
$2.3B
| $8.93M | ﹤0.01% |
2,351,200
+1,934,000
| +464% | +$5.26M |
|
3212
Blue Owl Capital
OWL
$8.23B
| $8.9M | ﹤0.01% |
595,390
+64,737
| +12% | +$1.01M |
|
3213
CALL
Penumbra
PEN
$12.7B
| $8.89M | ﹤0.01% |
28,600
-35,300
| -55% | -$9.75M |
|
3214
PUT
UGI
UGI
$8.19B
| $8.89M | ﹤0.01% |
237,400
+34,000
| +17% | +$1.2M |
|
3215
CALL
SPS Commerce
SPSC
$3.06B
| $8.88M | ﹤0.01% |
99,600
+4,200
| +4% | +$389K |
|
|
CCCX
3216
CALL
DELISTED
Churchill Capital Corp X
CCCX
| $8.87M | ﹤0.01% |
+568,900
| New | +$9.57M |
|
3217
CALL
Booz Allen Hamilton
BAH
$9.09B
| $8.87M | ﹤0.01% |
105,100
-83,200
| -44% | -$7.45M |
|
3218
CALL
FLEX LNG
FLNG
$1.7B
| $8.86M | ﹤0.01% |
355,300
+144,200
| +68% | +$3.68M |
|
3219
CALL
Braze
BRZE
$3.85B
| $8.86M | ﹤0.01% |
258,500
+161,300
| +166% | +$4.78M |
|
3220
CALL
Fortive
FTV
$18B
| $8.86M | ﹤0.01% |
160,400
+49,000
| +44% | +$2.54M |
|
3221
PUT
Henry Schein
HSIC
$10B
| $8.83M | ﹤0.01% |
116,800
-46,200
| -28% | -$3.25M |
|
|
FYBR
3222
CALL
DELISTED
Frontier Communications
FYBR
| $8.82M | ﹤0.01% |
231,700
+136,700
| +144% | +$5.17M |
|
|
CMBT
3223
CMB.TECH NV
CMBT
$5.32B
| $8.82M | ﹤0.01% |
913,586
+254,459
| +39% | +$2.47M |
|
3224
PUT
TripAdvisor
TRIP
$1.16B
| $8.81M | ﹤0.01% |
605,400
-464,200
| -43% | -$7.06M |
|
|
3225
Henry Schein
HSIC
$10B
| $8.78M | ﹤0.01% |
116,115
+15,128
| +15% | +$1.06M |
|
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.