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 | |
|---|---|---|---|---|---|---|
|
AXON
1476
Axon Enterprise
AXON
$49.8B
| $43.7M | 0.01% |
77,018
+48,093
| +166% | +$29.8M |
|
1477
PUT
Builders FirstSource
BLDR
$7.46B
| $43.6M | 0.01% |
423,900
+106,300
| +33% | +$11.9M |
|
1478
PUT
McCormick & Company Non-Voting
MKC
$14.6B
| $43.6M | 0.01% |
640,200
+242,500
| +61% | +$16.1M |
|
1479
PUT
Invesco NASDAQ 100 ETF
QQQM
$103B
| $43.6M | 0.01% |
172,300
-275,400
| -62% | -$69.6M |
|
1480
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $43.5M | 0.01% |
731,500
+103,300
| +16% | +$5.62M |
|
1481
NextNav
NN
$2.65B
| $43.4M | 0.01% |
2,610,514
+40,072
| +2% | +$569K |
|
1482
CALL
Arthur J. Gallagher & Co
AJG
$68.8B
| $43.3M | 0.01% |
167,400
-47,200
| -22% | -$12.5M |
|
1483
PUT
Emerson Electric
EMR
$86.4B
| $43.2M | 0.01% |
325,500
+127,400
| +64% | +$16.9M |
|
1484
PUT
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$699M
| $43.2M | 0.01% |
209,000
+22,600
| +12% | +$3.88M |
|
1485
PUT
Advance Auto Parts
AAP
$2.63B
| $43.2M | 0.01% |
1,098,300
+319,600
| +41% | +$16M |
|
1486
CALL
Steel Dynamics
STLD
$33.1B
| $43.1M | 0.01% |
254,600
+13,700
| +6% | +$2.18M |
|
1487
CALL
PACCAR
PCAR
$68B
| $43.1M | 0.01% |
393,800
+21,300
| +6% | +$2.18M |
|
1488
Altria Group
MO
$114B
| $43.1M | 0.01% |
747,731
+95,190
| +15% | +$5.75M |
|
1489
EQT Corp
EQT
$33.8B
| $43.1M | 0.01% |
804,332
+323,425
| +67% | +$18.2M |
|
1490
PUT
Crocs
CROX
$5.89B
| $43.1M | 0.01% |
504,100
-644,700
| -56% | -$53.9M |
|
1491
AT&T
T
$177B
| $43.1M | 0.01% |
1,735,408
-476,505
| -22% | -$12.1M |
|
|
1492
Steel Dynamics
STLD
$33.1B
| $43.1M | 0.01% |
254,346
+218,806
| +616% | +$34.8M |
|
1493
PUT
Freshpet
FRPT
$3.62B
| $43M | 0.01% |
706,500
-443,700
| -39% | -$25.2M |
|
1494
PUT
Ondas Inc
ONDS
$4.7B
| $43M | 0.01% |
4,408,800
-574,500
| -12% | -$4.62M |
|
1495
CALL
Ametek
AME
$55.4B
| $43M | 0.01% |
209,500
+192,000
| +1,097% | +$37.4M |
|
1496
CALL
Southwest Airlines
LUV
$20B
| $43M | 0.01% |
1,040,000
-2,109,000
| -67% | -$73.7M |
|
|
ETH
1497
CALL
Grayscale Ethereum Staking Mini ETF Shares
ETH
$2.07B
| $42.9M | ﹤0.01% |
1,530,600
+346,800
| +29% | +$11.3M |
|
1498
PUT
VF Corp
VFC
$5.44B
| $42.9M | ﹤0.01% |
2,374,600
+1,477,300
| +165% | +$23.9M |
|
1499
CALL
Camtek
CAMT
$6.84B
| $42.9M | ﹤0.01% |
403,600
-128,000
| -24% | -$14.4M |
|
1500
PUT
Alexandria Real Estate Equities
ARE
$9.1B
| $42.9M | ﹤0.01% |
877,000
+360,400
| +70% | +$21.2M |
|
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.