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 | |
|---|---|---|---|---|---|---|
4351
CALL
Graco
GGG
$12.8B
| $4.08M | ﹤0.01% |
49,800
+25,200
| +102% | +$2.07M |
|
4352
Global X Emerging Markets Great Consumer ETF
EMC
$57.5M
| $4.08M | ﹤0.01% |
132,746
+2,636
| +2% | +$81K |
|
4353
CALL
Celanese
CE
$4.94B
| $4.08M | ﹤0.01% |
96,500
-700
| -0.7% | -$28.6K |
|
4354
PUT
Spire Global
SPIR
$535M
| $4.08M | ﹤0.01% |
544,000
-46,600
| -8% | -$456K |
|
4355
iShares Europe ETF
IEV
$1.69B
| $4.08M | ﹤0.01% |
59,439
-192,861
| -76% | -$12.9M |
|
4356
PUT
Vodafone
VOD
$37.1B
| $4.08M | ﹤0.01% |
308,500
-258,800
| -46% | -$3.13M |
|
4357
Bit Digital
BTBT
$516M
| $4.07M | ﹤0.01% |
2,155,688
-1,193,444
| -36% | -$3.45M |
|
4358
PUT
Alkermes
ALKS
$7.95B
| $4.07M | ﹤0.01% |
145,600
-87,200
| -37% | -$2.61M |
|
|
CCCX
4359
PUT
DELISTED
Churchill Capital Corp X
CCCX
| $4.07M | ﹤0.01% |
+260,800
| New | +$4.39M |
|
4360
CALL
Itron
ITRI
$4.27B
| $4.07M | ﹤0.01% |
43,800
+29,300
| +202% | +$3.19M |
|
4361
CALL
Murphy Oil
MUR
$5.11B
| $4.07M | ﹤0.01% |
130,100
+32,700
| +34% | +$984K |
|
4362
PUT
Imperial Oil
IMO
$63.1B
| $4.07M | ﹤0.01% |
47,100
+600
| +1% | +$54.6K |
|
4363
PUT
BBVA Argentina
BBAR
$2.96B
| $4.06M | ﹤0.01% |
224,500
-43,900
| -16% | -$630K |
|
4364
PUT
Amkor Technology
AMKR
$11.9B
| $4.05M | ﹤0.01% |
102,700
+20,000
| +24% | +$712K |
|
4365
PUT
Aecom
ACM
$8.9B
| $4.04M | ﹤0.01% |
42,400
+13,100
| +45% | +$1.54M |
|
4366
PUT
Kornit Digital
KRNT
$718M
| $4.04M | ﹤0.01% |
+280,900
| New | +$3.85M |
|
4367
PUT
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $4.04M | ﹤0.01% |
39,700
+16,000
| +68% | +$1.65M |
|
4368
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$71.6M
| $4.04M | ﹤0.01% |
54,250
+23,990
| +79% | +$2.31M |
|
4369
CALL
Rigel Pharmaceuticals
RIGL
$868M
| $4.03M | ﹤0.01% |
94,200
+72,500
| +334% | +$2.73M |
|
|
BBUC
4370
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$5.75B
| $4.03M | ﹤0.01% |
112,398
+98,124
| +687% | +$3.44M |
|
4371
CALL
Arteris
AIP
$1.08B
| $4.03M | ﹤0.01% |
259,900
+244,300
| +1,566% | +$3.54M |
|
4372
PUT
Aurora
AUR
$11.7B
| $4.03M | ﹤0.01% |
1,048,400
-272,900
| -21% | -$1.25M |
|
4373
PUT
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $4.02M | ﹤0.01% |
130,000
+16,900
| +15% | +$526K |
|
4374
PUT
GraniteShares 2x Long COIN Daily ETF
CONL
$608M
| $4.02M | ﹤0.01% |
274,700
-59,900
| -18% | -$1.69M |
|
4375
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $4.01M | ﹤0.01% |
41,700
+7,300
| +21% | +$701K |
|
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.