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 | |
|---|---|---|---|---|---|---|
3426
CALL
Oshkosh
OSK
$9.51B
| $7.53M | ﹤0.01% |
59,900
-6,100
| -9% | -$785K |
|
3427
PUT
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$206M
| $7.52M | ﹤0.01% |
187,600
-23,400
| -11% | -$1.12M |
|
3428
PUT
Leidos
LDOS
$17.7B
| $7.52M | ﹤0.01% |
41,700
-136,600
| -77% | -$25.9M |
|
3429
CALL
Blackstone Secured Lending
BXSL
$5.77B
| $7.52M | ﹤0.01% |
285,600
-29,600
| -9% | -$794K |
|
3430
Conagra Brands
CAG
$7.72B
| $7.52M | ﹤0.01% |
434,388
-21,173
| -5% | -$376K |
|
3431
CALL
Cogent Biosciences
COGT
$6.02B
| $7.52M | ﹤0.01% |
211,600
+12,500
| +6% | +$351K |
|
3432
PUT
Yum China
YUMC
$15.3B
| $7.51M | ﹤0.01% |
157,400
-164,400
| -51% | -$7.53M |
|
3433
PUT
Nokia
NOK
$57.2B
| $7.51M | ﹤0.01% |
1,161,400
+653,700
| +129% | +$4.05M |
|
3434
Molson Coors Class B
TAP
$7.73B
| $7.51M | ﹤0.01% |
160,966
-195,786
| -55% | -$9.03M |
|
3435
CALL
United Natural Foods
UNFI
$2.77B
| $7.51M | ﹤0.01% |
223,000
+16,300
| +8% | +$606K |
|
3436
PUT
Omega Healthcare
OHI
$13.9B
| $7.5M | ﹤0.01% |
169,200
-173,500
| -51% | -$7.47M |
|
3437
CALL
ProShares UltraPro Russell2000
URTY
$325M
| $7.5M | ﹤0.01% |
141,000
+73,000
| +107% | +$3.95M |
|
|
TBIL
3438
F/m US Treasury 3 Month Bill Fund
TBIL
$7.22B
| $7.5M | ﹤0.01% |
150,315
+115,584
| +333% | +$5.77M |
|
3439
Atmos Energy
ATO
$28.2B
| $7.49M | ﹤0.01% |
44,707
+4,945
| +12% | +$855K |
|
3440
PUT
Omnicom Group
OMC
$24.2B
| $7.49M | ﹤0.01% |
92,800
+45,500
| +96% | +$3.48M |
|
3441
PUT
Canadian Imperial Bank of Commerce
CM
$104B
| $7.49M | ﹤0.01% |
82,700
+19,300
| +30% | +$1.66M |
|
3442
GDS Holdings
GDS
$6.69B
| $7.49M | ﹤0.01% |
214,649
-206,325
| -49% | -$7.13M |
|
|
BAI
3443
iShares A.I. Innovation and Tech Active ETF
BAI
$13.9B
| $7.48M | ﹤0.01% |
224,648
+114,952
| +105% | +$3.98M |
|
|
FETH
3444
Fidelity Ethereum Fund
FETH
$1.31B
| $7.48M | ﹤0.01% |
252,485
+37,265
| +17% | +$1.29M |
|
3445
PUT
FuelCell Energy
FCEL
$1.42B
| $7.47M | ﹤0.01% |
1,022,400
+526,900
| +106% | +$4.31M |
|
3446
CALL
PTC
PTC
$17.1B
| $7.47M | ﹤0.01% |
42,900
-48,500
| -53% | -$9.01M |
|
|
ARR
3447
CALL
Armour Residential REIT
ARR
$2.31B
| $7.45M | ﹤0.01% |
421,100
-238,400
| -36% | -$3.95M |
|
3448
Vanguard Morningstar Growth ETF
VUG
$228B
| $7.44M | ﹤0.01% |
91,530
-52,734
| -37% | -$4.28M |
|
|
ARR
3449
PUT
Armour Residential REIT
ARR
$2.31B
| $7.44M | ﹤0.01% |
420,600
-72,200
| -15% | -$1.2M |
|
3450
CALL
Petrobras Class A
PBR.A
$108B
| $7.43M | ﹤0.01% |
659,700
-2,281,700
| -78% | -$26.3M |
|
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.