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 | |
|---|---|---|---|---|---|---|
3226
PUT
CorMedix
CRMD
$645M
| $8.77M | ﹤0.01% |
754,500
-51,800
| -6% | -$573K |
|
3227
Sprout Social
SPT
$686M
| $8.77M | ﹤0.01% |
778,143
+674,516
| +651% | +$7.28M |
|
|
SERV
3228
Serve Robotics
SERV
$436M
| $8.76M | ﹤0.01% |
844,300
-792,175
| -48% | -$9.51M |
|
3229
Crown Holdings
CCK
$12.9B
| $8.75M | ﹤0.01% |
85,011
+52,845
| +164% | +$5.15M |
|
3230
PUT
Sweetgreen
SG
$824M
| $8.74M | ﹤0.01% |
1,293,600
-517,200
| -29% | -$3.55M |
|
3231
CALL
M/I Homes
MHO
$3.83B
| $8.74M | ﹤0.01% |
68,300
-30,800
| -31% | -$4.07M |
|
3232
CALL
CACI
CACI
$13.9B
| $8.74M | ﹤0.01% |
16,400
+1,500
| +10% | +$848K |
|
3233
CALL
Delek US
DK
$4.43B
| $8.74M | ﹤0.01% |
294,600
-561,400
| -66% | -$20M |
|
3234
CALL
Manhattan Associates
MANH
$13.1B
| $8.73M | ﹤0.01% |
50,400
+32,100
| +175% | +$5.87M |
|
3235
ECARX Holdings
ECX
$409M
| $8.72M | ﹤0.01% |
5,069,836
| – | – |
|
3236
Packaging Corp of America
PKG
$21.5B
| $8.71M | ﹤0.01% |
42,221
+29,255
| +226% | +$5.95M |
|
3237
Vanguard Total Corporate Bond ETF
VTC
$1.71B
| $8.71M | ﹤0.01% |
+112,139
| New | +$8.77M |
|
3238
PUT
Polaris
PII
$3.66B
| $8.7M | ﹤0.01% |
137,600
+33,000
| +32% | +$2.17M |
|
3239
CALL
Vertex
VERX
$2.32B
| $8.7M | ﹤0.01% |
435,800
+27,200
| +7% | +$588K |
|
3240
CALL
SS&C Technologies
SSNC
$19.6B
| $8.7M | ﹤0.01% |
99,500
-278,700
| -74% | -$23.8M |
|
3241
PUT
Aramark
ARMK
$15.4B
| $8.7M | ﹤0.01% |
235,900
-144,000
| -38% | -$5.49M |
|
3242
CALL
The Ensign Group
ENSG
$10.1B
| $8.69M | ﹤0.01% |
49,900
+1,600
| +3% | +$287K |
|
3243
PUT
Middleby
MIDD
$5.11B
| $8.68M | ﹤0.01% |
58,400
+34,200
| +141% | +$4.49M |
|
|
AMRZ
3244
CALL
Amrize Ltd
AMRZ
$24.4B
| $8.67M | ﹤0.01% |
160,400
+94,400
| +143% | +$4.82M |
|
|
TGB
3245
CALL
Trekor Metals
TGB
$3.35B
| $8.67M | ﹤0.01% |
1,531,900
-258,300
| -14% | -$1.22M |
|
3246
EPAM Systems
EPAM
$5.9B
| $8.66M | ﹤0.01% |
42,278
+6,955
| +20% | +$1.24M |
|
|
GEMI
3247
PUT
Gemini Space Station
GEMI
$561M
| $8.66M | ﹤0.01% |
872,800
+149,300
| +21% | +$2.33M |
|
3248
PUT
A.O. Smith
AOS
$8.21B
| $8.63M | ﹤0.01% |
129,100
+115,900
| +878% | +$7.83M |
|
3249
CALL
Coca-Cola Consolidated
COKE
$13.2B
| $8.63M | ﹤0.01% |
56,300
+10,200
| +22% | +$1.5M |
|
3250
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$647M
| $8.63M | ﹤0.01% |
54,140
+16,358
| +43% | +$2.25M |
|
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.