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 | |
|---|---|---|---|---|---|---|
3326
JetBlue
JBLU
$1.81B
| $8.1M | ﹤0.01% |
1,780,039
+614,349
| +53% | +$2.8M |
|
3327
PUT
Ball Corp
BALL
$16.9B
| $8.1M | ﹤0.01% |
152,900
-240,900
| -61% | -$11.9M |
|
|
VISN
3328
CALL
Vistance Networks Inc
VISN
$1.4B
| $8.09M | ﹤0.01% |
446,000
-667,000
| -60% | -$11.5M |
|
|
VOYG
3329
CALL
Voyager Technologies
VOYG
$2.09B
| $8.07M | ﹤0.01% |
308,900
+249,000
| +416% | +$6.75M |
|
3330
CALL
Western Union
WU
$2.26B
| $8.07M | ﹤0.01% |
867,300
+558,000
| +180% | +$4.93M |
|
3331
Toll Brothers
TOL
$13.5B
| $8.07M | ﹤0.01% |
59,712
-27,549
| -32% | -$3.74M |
|
3332
PUT
Blue Owl Capital
OBDC
$5.57B
| $8.07M | ﹤0.01% |
649,500
+429,800
| +196% | +$5.46M |
|
3333
PUT
Ouster
OUST
$2.5B
| $8.07M | ﹤0.01% |
372,700
-120,900
| -24% | -$3.19M |
|
3334
C.H. Robinson
CHRW
$17.6B
| $8.06M | ﹤0.01% |
50,139
-28,648
| -36% | -$4.23M |
|
3335
CALL
Clover Health Investments
CLOV
$2.25B
| $8.05M | ﹤0.01% |
3,427,200
-36,400
| -1% | -$99.5K |
|
3336
PUT
Darling Ingredients
DAR
$10.1B
| $8.05M | ﹤0.01% |
223,700
+116,200
| +108% | +$3.93M |
|
3337
Rivian
RIVN
$23.3B
| $8.05M | ﹤0.01% |
408,410
-304,857
| -43% | -$4.84M |
|
3338
NRG Energy
NRG
$23.4B
| $8.04M | ﹤0.01% |
50,464
-62,700
| -55% | -$10.4M |
|
3339
CALL
Mid-America Apartment Communities
MAA
$15B
| $8.03M | ﹤0.01% |
57,800
-36,100
| -38% | -$4.81M |
|
3340
Waters Corp
WAT
$40.7B
| $8.01M | ﹤0.01% |
21,095
-1,422
| -6% | -$523K |
|
3341
CALL
Harley-Davidson
HOG
$2.92B
| $8M | ﹤0.01% |
390,400
-165,500
| -30% | -$4.07M |
|
3342
PUT
Blackstone Secured Lending
BXSL
$5.77B
| $8M | ﹤0.01% |
303,800
-22,000
| -7% | -$590K |
|
3343
Public Service Enterprise Group
PEG
$36.5B
| $8M | ﹤0.01% |
99,613
+8,288
| +9% | +$676K |
|
3344
PUT
Plains All American Pipeline
PAA
$18B
| $7.99M | ﹤0.01% |
444,700
-18,700
| -4% | -$318K |
|
3345
PUT
Ecolab
ECL
$80.4B
| $7.98M | ﹤0.01% |
30,400
-20,000
| -40% | -$5.33M |
|
3346
PUT
SiTime
SITM
$16.8B
| $7.95M | ﹤0.01% |
22,500
-39,100
| -63% | -$12.2M |
|
3347
Cal-Maine
CALM
$3.75B
| $7.94M | ﹤0.01% |
99,805
+71,828
| +257% | +$6.31M |
|
3348
Ingersoll Rand
IR
$30.5B
| $7.94M | ﹤0.01% |
100,199
-31,828
| -24% | -$2.51M |
|
3349
CALL
Ocular Therapeutix
OCUL
$2.28B
| $7.94M | ﹤0.01% |
653,700
+113,000
| +21% | +$1.37M |
|
3350
CALL
Pinnacle West Capital
PNW
$11.8B
| $7.92M | ﹤0.01% |
89,300
-33,000
| -27% | -$2.96M |
|
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.