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 | |
|---|---|---|---|---|---|---|
4201
CALL
iRhythm Holdings
IRTC
$3.96B
| $4.47M | ﹤0.01% |
25,200
-18,100
| -42% | -$3.21M |
|
|
LEG
4202
PUT
DELISTED
Leggett & Platt
LEG
| $4.47M | ﹤0.01% |
406,300
+274,300
| +208% | +$2.7M |
|
4203
First Trust Financials AlphaDEX Fund
FXO
$1.13B
| $4.47M | ﹤0.01% |
74,051
+53,504
| +260% | +$3.15M |
|
4204
CALL
Triple Flag Precious Metals
TFPM
$7B
| $4.46M | ﹤0.01% |
134,300
+20,000
| +17% | +$626K |
|
4205
CALL
SiteOne Landscape Supply
SITE
$4.21B
| $4.46M | ﹤0.01% |
35,800
+17,300
| +94% | +$2.19M |
|
4206
CALL
iShares MSCI ACWI ETF
ACWI
$33.3B
| $4.46M | ﹤0.01% |
31,500
+200
| +0.6% | +$28.1K |
|
4207
PIMCO Dynamic Income Fund
PDI
$7.08B
| $4.46M | ﹤0.01% |
+251,644
| New | +$4.62M |
|
4208
CALL
abrdn Physical Gold Shares ETF
SGOL
$7.45B
| $4.45M | ﹤0.01% |
108,400
-13,500
| -11% | -$534K |
|
4209
CALL
Alliant Energy
LNT
$17.6B
| $4.45M | ﹤0.01% |
68,400
-14,000
| -17% | -$938K |
|
4210
PUT
Helmerich & Payne
HP
$4.25B
| $4.44M | ﹤0.01% |
154,900
+3,900
| +3% | +$104K |
|
4211
PUT
Western Union
WU
$2.26B
| $4.44M | ﹤0.01% |
477,000
-993,100
| -68% | -$8.77M |
|
4212
CALL
NextDecade
NEXT
$1.96B
| $4.44M | ﹤0.01% |
842,500
+20,400
| +2% | +$122K |
|
4213
Hycroft Mining Holding Corp
HYMC
$2.22B
| $4.44M | ﹤0.01% |
186,679
-163,236
| -47% | -$1.81M |
|
4214
CALL
Elanco Animal Health
ELAN
$12B
| $4.44M | ﹤0.01% |
196,000
-61,500
| -24% | -$1.34M |
|
4215
CALL
IMAX
IMAX
$2.76B
| $4.44M | ﹤0.01% |
120,000
+83,600
| +230% | +$2.91M |
|
4216
CALL
Quaker Houghton
KWR
$2.85B
| $4.44M | ﹤0.01% |
32,300
-500
| -2% | -$67.5K |
|
4217
CALL
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $4.42M | ﹤0.01% |
142,900
+61,800
| +76% | +$1.92M |
|
4218
PUT
Boyd Gaming
BYD
$5.77B
| $4.42M | ﹤0.01% |
51,900
-145,200
| -74% | -$12M |
|
4219
Columbia Research Enhanced Core ETF
RECS
$6.06B
| $4.42M | ﹤0.01% |
108,319
+82,542
| +320% | +$3.36M |
|
4220
CALL
Westlake Corp
WLK
$9.68B
| $4.42M | ﹤0.01% |
59,800
-31,500
| -35% | -$2.24M |
|
4221
CALL
Jack Henry & Associates
JKHY
$12.1B
| $4.42M | ﹤0.01% |
24,200
-41,500
| -63% | -$6.91M |
|
4222
GSI Technology
GSIT
$219M
| $4.42M | ﹤0.01% |
710,953
+632,802
| +810% | +$4.51M |
|
4223
Pitney Bowes
PBI
$2.36B
| $4.41M | ﹤0.01% |
417,583
+231,164
| +124% | +$2.4M |
|
4224
American Century Quality Diversified International ETF
QINT
$739M
| $4.41M | ﹤0.01% |
68,734
+60,889
| +776% | +$3.81M |
|
4225
PUT
Forward Air
FWRD
$574M
| $4.41M | ﹤0.01% |
176,400
| – | – |
|
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.