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 | |
|---|---|---|---|---|---|---|
1501
PUT
HP
HPQ
$27B
| $42.9M | ﹤0.01% |
1,926,300
-506,400
| -21% | -$12.9M |
|
1502
CALL
Nasdaq
NDAQ
$55.2B
| $42.9M | ﹤0.01% |
441,500
-26,800
| -6% | -$2.41M |
|
1503
CALL
Gold Fields
GFI
$43.7B
| $42.8M | ﹤0.01% |
980,700
+106,900
| +12% | +$4.47M |
|
1504
CALL
Royal Bank of Canada
RY
$288B
| $42.7M | ﹤0.01% |
250,700
-78,000
| -24% | -$12M |
|
|
MDLN
1505
PUT
Medline Inc
MDLN
$31.3B
| $42.7M | ﹤0.01% |
+1,015,600
| New | +$42.9M |
|
1506
CALL
Moody's
MCO
$88.9B
| $42.6M | ﹤0.01% |
83,300
-35,400
| -30% | -$17.3M |
|
1507
CALL
Universal Health Services
UHS
$10.4B
| $42.5M | ﹤0.01% |
195,000
+147,800
| +313% | +$32.7M |
|
1508
PUT
First Citizens BancShares
FCNCA
$24.4B
| $42.5M | ﹤0.01% |
19,800
-13,000
| -40% | -$24.5M |
|
1509
CALL
Regal Rexnord
RRX
$10.8B
| $42.4M | ﹤0.01% |
302,400
+229,200
| +313% | +$32.6M |
|
1510
CALL
L3Harris
LHX
$48.8B
| $42.4M | ﹤0.01% |
144,300
-168,400
| -54% | -$48.7M |
|
1511
PUT
Sherwin-Williams
SHW
$85.1B
| $42.3M | ﹤0.01% |
130,500
-13,400
| -9% | -$4.48M |
|
1512
CALL
PPG Industries
PPG
$25.3B
| $42.3M | ﹤0.01% |
412,400
+79,600
| +24% | +$7.99M |
|
1513
PUT
BridgeBio Pharma
BBIO
$15.7B
| $42.2M | ﹤0.01% |
551,400
-197,300
| -26% | -$13M |
|
1514
CALL
DuPont de Nemours
DD
$18.4B
| $42.1M | ﹤0.01% |
349,133
-394,715
| -53% | -$44.4M |
|
1515
CALL
Emcor
EME
$32.6B
| $42.1M | ﹤0.01% |
68,800
-24,500
| -26% | -$15.9M |
|
|
TTAN
1516
CALL
ServiceTitan Inc
TTAN
$8.76B
| $42.1M | ﹤0.01% |
395,100
+20,500
| +5% | +$2M |
|
1517
abrdn Physical Silver Shares ETF
SIVR
$4.66B
| $42M | ﹤0.01% |
621,645
+487,176
| +362% | +$25.6M |
|
1518
CALL
SharkNinja
SN
$25.9B
| $42M | ﹤0.01% |
375,100
-13,600
| -3% | -$1.34M |
|
1519
CALL
Ascendis Pharma A/S
ASND
$16.6B
| $42M | ﹤0.01% |
196,800
+79,900
| +68% | +$16.5M |
|
1520
CALL
F5
FFIV
$21.7B
| $41.8M | ﹤0.01% |
163,900
+106,600
| +186% | +$28.7M |
|
1521
CALL
PureCycle Technologies
PCT
$1.34B
| $41.8M | ﹤0.01% |
4,865,700
+974,300
| +25% | +$10.3M |
|
1522
Duke Energy
DUK
$94.8B
| $41.7M | ﹤0.01% |
356,050
+246,604
| +225% | +$30.1M |
|
1523
CALL
Jazz Pharmaceuticals
JAZZ
$16.9B
| $41.7M | ﹤0.01% |
245,300
-87,500
| -26% | -$13.4M |
|
1524
CALL
Fluence Energy
FLNC
$1.61B
| $41.6M | ﹤0.01% |
2,104,200
+1,186,000
| +129% | +$22.3M |
|
1525
PUT
Academy Sports + Outdoors
ASO
$2.7B
| $41.6M | ﹤0.01% |
831,800
+349,400
| +72% | +$17.3M |
|
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.