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 | Technology | 1.7% |
| 2 | Consumer Discretionary | 0.84% |
| 3 | Communication Services | 0.67% |
| 4 | Financials | 0.66% |
| 5 | Healthcare | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1276
PUT
MetLife
MET
$61.1B
| $55.4M | 0.01% |
701,400
-308,600
| -31% | -$24.4M |
|
1277
Generac Holdings
GNRC
$12B
| $55.3M | 0.01% |
405,670
-76,129
| -16% | -$12.3M |
|
1278
CALL
Transmedics
TMDX
$3.25B
| $55.3M | 0.01% |
454,600
+176,300
| +63% | +$22.1M |
|
|
ABVX
1279
CALL
Abivax
ABVX
$10.1B
| $55.2M | 0.01% |
409,000
+363,800
| +805% | +$39.7M |
|
1280
CALL
Vanguard Dividend Appreciation ETF
VIG
$114B
| $55.1M | 0.01% |
250,900
-54,300
| -18% | -$11.9M |
|
1281
PUT
Stanley Black & Decker
SWK
$14.9B
| $55.1M | 0.01% |
742,300
+250,500
| +51% | +$17.6M |
|
1282
CALL
Chewy
CHWY
$10B
| $55M | 0.01% |
1,664,800
-778,400
| -32% | -$27M |
|
1283
Snowflake
SNOW
$112B
| $55M | 0.01% |
250,759
+130,583
| +109% | +$31.9M |
|
1284
Abercrombie & Fitch
ANF
$4.99B
| $55M | 0.01% |
436,564
+245,647
| +129% | +$21.5M |
|
1285
PUT
Viking Therapeutics
VKTX
$3.88B
| $54.8M | 0.01% |
1,556,700
-216,000
| -12% | -$7.65M |
|
1286
CALL
Intercontinental Exchange
ICE
$91.5B
| $54.6M | 0.01% |
337,300
-64,500
| -16% | -$10.1M |
|
1287
CALL
Markel Group
MKL
$22.5B
| $54.6M | 0.01% |
25,400
+1,700
| +7% | +$3.44M |
|
1288
PUT
Truist Financial
TFC
$62.1B
| $54.6M | 0.01% |
1,108,700
-60,100
| -5% | -$2.77M |
|
1289
CALL
Allstate
ALL
$65.8B
| $54.2M | 0.01% |
260,600
+21,100
| +9% | +$4.32M |
|
1290
CALL
Symbotic
SYM
$5.2B
| $54.2M | 0.01% |
911,600
-481,600
| -35% | -$31.8M |
|
1291
CALL
Amkor Technology
AMKR
$11.9B
| $54.2M | 0.01% |
1,372,300
+1,218,500
| +792% | +$43.4M |
|
1292
PUT
American International
AIG
$40.5B
| $54.2M | 0.01% |
633,100
+240,100
| +61% | +$19.2M |
|
1293
CALL
Sphere Entertainment
SPHR
$5.65B
| $54M | 0.01% |
567,800
+82,800
| +17% | +$6.31M |
|
1294
KKR & Co
KKR
$96.3B
| $54M | 0.01% |
423,482
+98,626
| +30% | +$12.3M |
|
1295
PUT
Floor & Decor
FND
$5.84B
| $54M | 0.01% |
886,500
+239,500
| +37% | +$15.5M |
|
1296
CALL
uniQure
QURE
$3.29B
| $53.9M | 0.01% |
2,251,400
+1,343,000
| +148% | +$51.8M |
|
1297
CALL
Joby Aviation
JOBY
$7.11B
| $53.8M | 0.01% |
4,079,100
-999,400
| -20% | -$15.3M |
|
1298
CALL
Sanofi
SNY
$109B
| $53.8M | 0.01% |
1,111,000
+493,200
| +80% | +$24.4M |
|
1299
CALL
Rockwell Automation
ROK
$47.7B
| $53.8M | 0.01% |
138,200
-48,700
| -26% | -$18.3M |
|
1300
PUT
Amphenol
APH
$192B
| $53.7M | 0.01% |
397,600
-768,900
| -66% | -$103M |
|
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 Technology at 1.7% of assets, down from 1.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- 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.