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 | |
|---|---|---|---|---|---|---|
1326
CALL
O'Reilly Automotive
ORLY
$73.1B
| $52M | 0.01% |
570,300
-665,100
| -54% | -$65M |
|
1327
CALL
Fastenal
FAST
$57.7B
| $52M | 0.01% |
1,296,200
+528,000
| +69% | +$22.2M |
|
1328
CALL
Sprott Uranium Miners ETF
URNM
$2.27B
| $52M | 0.01% |
947,400
-225,900
| -19% | -$13.1M |
|
1329
US Bancorp
USB
$97.2B
| $52M | 0.01% |
973,578
+580,148
| +147% | +$28.5M |
|
1330
PUT
Lamb Weston
LW
$7.61B
| $51.9M | 0.01% |
1,237,900
+506,500
| +69% | +$29.8M |
|
1331
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $51.8M | 0.01% |
1,576,100
-1,557,900
| -50% | -$51.1M |
|
1332
CALL
SolarEdge
SEDG
$1.84B
| $51.7M | 0.01% |
1,792,700
-466,800
| -21% | -$16.3M |
|
1333
CALL
Edison International
EIX
$28.8B
| $51.7M | 0.01% |
861,300
-315,100
| -27% | -$18.1M |
|
1334
CALL
Builders FirstSource
BLDR
$7.46B
| $51.7M | 0.01% |
502,300
+170,600
| +51% | +$19.2M |
|
1335
CALL
SAP
SAP
$250B
| $51.6M | 0.01% |
212,400
-56,300
| -21% | -$14.3M |
|
1336
CALL
Wingstop
WING
$3.1B
| $51.5M | 0.01% |
216,100
+17,800
| +9% | +$4.41M |
|
1337
Monolithic Power Systems
MPWR
$64.1B
| $51.5M | 0.01% |
56,855
-73,047
| -56% | -$70.3M |
|
1338
HubSpot
HUBS
$11.9B
| $51.5M | 0.01% |
128,214
+109,170
| +573% | +$45.2M |
|
1339
CALL
Carlyle Group
CG
$17.4B
| $51.4M | 0.01% |
870,400
-132,800
| -13% | -$7.54M |
|
1340
iShares Biotechnology ETF
IBB
$10.9B
| $51.3M | 0.01% |
304,146
+218,884
| +257% | +$35.6M |
|
1341
CALL
Planet Labs
PL
$7.68B
| $51.3M | 0.01% |
2,600,100
+608,800
| +31% | +$8.73M |
|
|
NVMI
1342
CALL
Nova
NVMI
$11.7B
| $51.2M | 0.01% |
155,900
+48,600
| +45% | +$15.6M |
|
1343
PUT
iShares US Aerospace & Defense ETF
ITA
$14B
| $51M | 0.01% |
237,700
-16,500
| -6% | -$3.45M |
|
1344
CALL
Axsome Therapeutics
AXSM
$10.8B
| $51M | 0.01% |
279,400
+6,200
| +2% | +$866K |
|
1345
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $50.9M | 0.01% |
151,800
+36,300
| +31% | +$12.1M |
|
1346
PUT
SoundHound AI
SOUN
$3.13B
| $50.7M | 0.01% |
5,090,000
-925,700
| -15% | -$13.3M |
|
1347
Estee Lauder
EL
$37.9B
| $50.7M | 0.01% |
484,084
-216,345
| -31% | -$21M |
|
1348
CALL
Best Buy
BBY
$18B
| $50.7M | 0.01% |
757,100
-611,600
| -45% | -$46.7M |
|
1349
PUT
Madison Square Garden
MSGS
$9.8B
| $50.7M | 0.01% |
195,900
-34,500
| -15% | -$7.85M |
|
|
FIG
1350
PUT
Figma
FIG
$14.5B
| $50.7M | 0.01% |
1,355,700
-793,700
| -37% | -$35.9M |
|
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.