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 | |
|---|---|---|---|---|---|---|
3576
PUT
iShares Global Clean Energy ETF
ICLN
$2.19B
| $6.76M | ﹤0.01% |
411,400
+214,200
| +109% | +$3.57M |
|
3577
BWX Technologies
BWXT
$14B
| $6.76M | ﹤0.01% |
39,106
-29,058
| -43% | -$5.45M |
|
3578
CALL
NovoCure
NVCR
$2.08B
| $6.76M | ﹤0.01% |
522,600
+37,200
| +8% | +$478K |
|
3579
CALL
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.6B
| $6.76M | ﹤0.01% |
31,900
-6,600
| -17% | -$1.38M |
|
3580
PUT
Crown Holdings
CCK
$12.9B
| $6.75M | ﹤0.01% |
65,600
+37,400
| +133% | +$3.64M |
|
3581
CALL
Alto Neuroscience
ANRO
$1.38B
| $6.75M | ﹤0.01% |
+379,000
| New | +$4.77M |
|
3582
CALL
NeoGenomics
NEO
$2.32B
| $6.74M | ﹤0.01% |
573,300
+239,100
| +72% | +$2.58M |
|
3583
CALL
Direxion Daily Healthcare Bull 3X ETF
CURE
$191M
| $6.74M | ﹤0.01% |
60,400
-34,100
| -36% | -$3.49M |
|
3584
Casey's General Stores
CASY
$28B
| $6.74M | ﹤0.01% |
12,189
+11,009
| +933% | +$6.06M |
|
3585
MicroSectors Gold Miners -3x Inverse Leveraged ETN
GDXD
$434M
| $6.74M | ﹤0.01% |
79,429
+78,052
| +5,668% | +$10.6M |
|
3586
CALL
MACOM Technology Solutions
MTSI
$20.3B
| $6.73M | ﹤0.01% |
39,300
-48,800
| -55% | -$7.75M |
|
3587
DTE Energy
DTE
$28.3B
| $6.73M | ﹤0.01% |
52,174
+9,154
| +21% | +$1.24M |
|
3588
Fortive
FTV
$18B
| $6.72M | ﹤0.01% |
121,717
+91,357
| +301% | +$4.74M |
|
3589
TE Connectivity
TEL
$58.7B
| $6.72M | ﹤0.01% |
29,533
-3,485
| -11% | -$806K |
|
3590
CALL
Simpson Manufacturing
SSD
$7.46B
| $6.72M | ﹤0.01% |
41,600
-1,900
| -4% | -$321K |
|
3591
NovaGold Resources
NG
$3.84B
| $6.7M | ﹤0.01% |
719,271
+493,033
| +218% | +$4.57M |
|
3592
CALL
Forward Air
FWRD
$574M
| $6.69M | ﹤0.01% |
267,600
+64,200
| +32% | +$1.44M |
|
|
AD
3593
CALL
Array Digital Infrastructure
AD
$3.11B
| $6.68M | ﹤0.01% |
124,600
-44,000
| -26% | -$2.17M |
|
3594
PUT
Sun Communities
SUI
$15B
| $6.68M | ﹤0.01% |
53,900
+20,400
| +61% | +$2.55M |
|
3595
iShares MSCI USA Quality Factor ETF
QUAL
$47.8B
| $6.68M | ﹤0.01% |
33,607
-57,546
| -63% | -$11.3M |
|
3596
United Therapeutics
UTHR
$22.1B
| $6.67M | ﹤0.01% |
13,692
-162,839
| -92% | -$75.8M |
|
3597
PUT
Eastman Chemical
EMN
$8.35B
| $6.67M | ﹤0.01% |
104,500
-44,700
| -30% | -$2.75M |
|
3598
CALL
Stride
LRN
$3.61B
| $6.67M | ﹤0.01% |
102,700
-64,000
| -38% | -$5.81M |
|
3599
CALL
Zimmer Biomet
ZBH
$19.2B
| $6.66M | ﹤0.01% |
74,100
+1,900
| +3% | +$180K |
|
3600
PUT
Power Integrations
POWI
$2.88B
| $6.66M | ﹤0.01% |
+187,400
| New | +$7.1M |
|
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.