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 | |
|---|---|---|---|---|---|---|
3701
CALL
Sonoco
SON
$5.58B
| $6.16M | ﹤0.01% |
141,100
-72,100
| -34% | -$2.98M |
|
3702
IDEX
IEX
$17B
| $6.16M | ﹤0.01% |
34,600
+24,176
| +232% | +$4.13M |
|
3703
PUT
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $6.15M | ﹤0.01% |
64,500
-4,900
| -7% | -$450K |
|
3704
McCormick & Company Non-Voting
MKC
$14.9B
| $6.15M | ﹤0.01% |
90,327
-47,878
| -35% | -$3.18M |
|
3705
IES Holdings
IESC
$12.3B
| $6.15M | ﹤0.01% |
31,626
+6,640
| +27% | +$1.33M |
|
|
SEI
3706
Solaris Energy Infrastructure
SEI
$3.28B
| $6.15M | ﹤0.01% |
133,810
+55,853
| +72% | +$2.7M |
|
3707
PUT
State Street SPDR S&P Dividend ETF
SDY
$22B
| $6.15M | ﹤0.01% |
44,200
+19,100
| +76% | +$2.66M |
|
3708
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.35B
| $6.15M | ﹤0.01% |
38,472
+16,580
| +76% | +$2.65M |
|
3709
Cooper Companies
COO
$13.9B
| $6.15M | ﹤0.01% |
75,004
-60,345
| -45% | -$4.52M |
|
3710
Incyte
INCY
$25.2B
| $6.15M | ﹤0.01% |
62,225
+37,764
| +154% | +$3.65M |
|
3711
PUT
Charles River Laboratories
CRL
$13.9B
| $6.14M | ﹤0.01% |
30,800
-73,100
| -70% | -$13.3M |
|
3712
CALL
Guidewire Software
GWRE
$17.1B
| $6.13M | ﹤0.01% |
30,500
-22,900
| -43% | -$5.07M |
|
3713
CALL
Lionsgate Studios
LION
$3.39B
| $6.13M | ﹤0.01% |
671,400
+405,900
| +153% | +$2.89M |
|
3714
PUT
Freedom Holding
FRHC
$11.2B
| $6.12M | ﹤0.01% |
50,300
-42,600
| -46% | -$6.18M |
|
3715
CALL
Chord Energy
CHRD
$7.99B
| $6.12M | ﹤0.01% |
66,000
-94,000
| -59% | -$8.71M |
|
3716
Toyota
TM
$230B
| $6.12M | ﹤0.01% |
28,581
-16,483
| -37% | -$3.34M |
|
3717
VanEck Indonesia Index ETF
IDX
$37.5M
| $6.12M | ﹤0.01% |
370,486
+356,274
| +2,507% | +$5.93M |
|
3718
PUT
Xylem
XYL
$26B
| $6.11M | ﹤0.01% |
44,900
+26,000
| +138% | +$3.74M |
|
3719
PUT
Harmony Gold Mining
HMY
$12.6B
| $6.11M | ﹤0.01% |
307,200
+76,800
| +33% | +$1.43M |
|
|
BRSL
3720
CALL
Brightstar Lottery PLC
BRSL
$2.11B
| $6.11M | ﹤0.01% |
394,900
-57,900
| -13% | -$943K |
|
|
MSTX
3721
Defiance Daily Target 2x Long MSTR ETF
MSTX
$260M
| $6.11M | ﹤0.01% |
158,764
+153,004
| +2,656% | +$16.6M |
|
3722
Herc Holdings
HRI
$5.03B
| $6.11M | ﹤0.01% |
41,192
-58,053
| -58% | -$7.96M |
|
|
MDLN
3723
CALL
Medline Inc
MDLN
$31B
| $6.1M | ﹤0.01% |
+145,300
| New | +$6.14M |
|
|
SGI
3724
Somnigroup International
SGI
$13.5B
| $6.1M | ﹤0.01% |
68,308
+42,169
| +161% | +$3.68M |
|
3725
Campbell Soup
CPB
$6.98B
| $6.09M | ﹤0.01% |
218,616
-257,808
| -54% | -$7.75M |
|
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.