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 | |
|---|---|---|---|---|---|---|
|
RNAM
3751
CALL
DELISTED
Avidity Biosciences
RNAM
| $5.96M | ﹤0.01% |
82,600
-331,600
| -80% | -$21.4M |
|
3752
CALL
Applied Industrial Technologies
AIT
$11.8B
| $5.96M | ﹤0.01% |
23,200
-28,500
| -55% | -$7.29M |
|
3753
CALL
Qiagen
QGEN
$8.9B
| $5.95M | ﹤0.01% |
132,200
+109,000
| +470% | +$5.04M |
|
3754
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$20.2B
| $5.94M | ﹤0.01% |
43,400
-20,400
| -32% | -$2.85M |
|
3755
PUT
Ameriprise Financial
AMP
$49.4B
| $5.93M | ﹤0.01% |
12,100
+1,400
| +13% | +$664K |
|
3756
PUT
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.52B
| $5.93M | ﹤0.01% |
92,300
-4,700
| -5% | -$318K |
|
3757
PUT
Equinor
EQNR
$98.2B
| $5.93M | ﹤0.01% |
250,800
-73,300
| -23% | -$1.73M |
|
3758
CALL
City Holding Co
CHCO
$2.01B
| $5.92M | ﹤0.01% |
+49,700
| New | +$6.05M |
|
3759
CALL
First Industrial Realty Trust
FR
$8.21B
| $5.92M | ﹤0.01% |
103,400
+94,300
| +1,036% | +$5.26M |
|
|
KRMN
3760
CALL
Karman Holdings
KRMN
$6.04B
| $5.92M | ﹤0.01% |
80,900
+39,000
| +93% | +$2.82M |
|
3761
PUT
Solventum
SOLV
$15.5B
| $5.92M | ﹤0.01% |
74,700
-56,900
| -43% | -$4.36M |
|
3762
PUT
Clover Health Investments
CLOV
$2.25B
| $5.92M | ﹤0.01% |
2,518,500
+617,400
| +32% | +$1.69M |
|
3763
Paycom
PAYC
$10.8B
| $5.91M | ﹤0.01% |
37,096
+11,792
| +47% | +$2.09M |
|
3764
Fortune Brands Innovations
FBIN
$5.43B
| $5.91M | ﹤0.01% |
118,101
+35,892
| +44% | +$1.8M |
|
3765
Aurora
AUR
$11.7B
| $5.91M | ﹤0.01% |
1,538,116
+62,936
| +4% | +$288K |
|
3766
Invesco CurrencyShares Euro Currency Trust
FXE
$358M
| $5.91M | ﹤0.01% |
54,458
+1,889
| +4% | +$203K |
|
3767
PUT
PTC
PTC
$17.1B
| $5.91M | ﹤0.01% |
33,900
+12,200
| +56% | +$2.27M |
|
3768
Remitly
RELY
$5.62B
| $5.9M | ﹤0.01% |
427,528
+167,633
| +65% | +$2.44M |
|
3769
Replimune Group
REPL
$1.46B
| $5.9M | ﹤0.01% |
+606,844
| New | +$5.16M |
|
3770
PUT
Ventas
VTR
$47.1B
| $5.9M | ﹤0.01% |
76,200
+16,200
| +27% | +$1.22M |
|
|
AEVA
3771
CALL
Aeva Technologies
AEVA
$1.09B
| $5.89M | ﹤0.01% |
443,800
-3,700
| -0.8% | -$52.7K |
|
3772
CALL
Vanguard Energy ETF
VDE
$10.7B
| $5.89M | ﹤0.01% |
46,800
-17,200
| -27% | -$2.16M |
|
3773
Papa John's
PZZA
$781M
| $5.89M | ﹤0.01% |
153,086
-519,196
| -77% | -$22.9M |
|
3774
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
$513M
| $5.89M | ﹤0.01% |
116,694
-27,340
| -19% | -$1.36M |
|
3775
CALL
CBRE Group
CBRE
$43.7B
| $5.88M | ﹤0.01% |
36,600
-99,800
| -73% | -$15.7M |
|
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.