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 | |
|---|---|---|---|---|---|---|
1626
CALL
Illinois Tool Works
ITW
$80.2B
| $36.6M | ﹤0.01% |
148,700
-31,900
| -18% | -$7.95M |
|
1627
Transocean
RIG
$6.42B
| $36.6M | ﹤0.01% |
8,867,750
-2,993,471
| -25% | -$11.6M |
|
1628
CALL
BioNTech
BNTX
$28.6B
| $36.6M | ﹤0.01% |
384,500
+93,100
| +32% | +$9.38M |
|
1629
PUT
Fluor
FLR
$6.86B
| $36.5M | ﹤0.01% |
921,600
+259,400
| +39% | +$11.5M |
|
1630
PUT
Establishment Labs
ESTA
$2.15B
| $36.4M | ﹤0.01% |
500,000
+471,100
| +1,630% | +$28.4M |
|
1631
PUT
CRISPR Therapeutics
CRSP
$5.89B
| $36.4M | ﹤0.01% |
693,900
-11,600
| -2% | -$695K |
|
1632
CALL
Molina Healthcare
MOH
$10.4B
| $36.3M | ﹤0.01% |
209,300
-38,200
| -15% | -$6.28M |
|
1633
CALL
LyondellBasell Industries
LYB
$20.2B
| $36.3M | ﹤0.01% |
838,200
-192,800
| -19% | -$8.73M |
|
1634
Workday
WDAY
$48B
| $36.3M | ﹤0.01% |
168,808
+44,849
| +36% | +$10.2M |
|
1635
CALL
Ferguson
FERG
$45B
| $36.2M | ﹤0.01% |
162,700
+47,200
| +41% | +$11.3M |
|
1636
PUT
Canadian Natural Resources
CNQ
$102B
| $36.2M | ﹤0.01% |
1,070,000
-50,700
| -5% | -$1.64M |
|
1637
CALL
Brinker International
EAT
$10.7B
| $36.2M | ﹤0.01% |
252,100
-79,700
| -24% | -$10.4M |
|
1638
PUT
Zions Bancorporation
ZION
$9.86B
| $36.2M | ﹤0.01% |
617,600
+433,200
| +235% | +$23.6M |
|
1639
PUT
STMicroelectronics
STM
$44.1B
| $36.1M | ﹤0.01% |
1,393,200
+571,100
| +69% | +$14.7M |
|
1640
PUT
Flutter Entertainment
FLUT
$17.7B
| $36.1M | ﹤0.01% |
167,900
+48,900
| +41% | +$11M |
|
1641
PUT
Shake Shack
SHAK
$2.99B
| $36.1M | ﹤0.01% |
444,500
+82,600
| +23% | +$7.28M |
|
1642
CALL
Sempra
SRE
$54.9B
| $36.1M | ﹤0.01% |
408,600
+132,400
| +48% | +$12.1M |
|
|
EH
1643
EHang Holdings
EH
$366M
| $36M | ﹤0.01% |
2,730,600
+957,123
| +54% | +$15.1M |
|
1644
CALL
CoStar Group
CSGP
$13.3B
| $35.9M | ﹤0.01% |
533,500
+90,600
| +20% | +$6.42M |
|
1645
CALL
EastGroup Properties
EGP
$10.9B
| $35.8M | ﹤0.01% |
201,200
+2,300
| +1% | +$409K |
|
1646
CALL
Ally Financial
ALLY
$13B
| $35.8M | ﹤0.01% |
791,200
-64,800
| -8% | -$2.67M |
|
1647
PUT
BioMarin Pharmaceuticals
BMRN
$12.8B
| $35.8M | ﹤0.01% |
602,900
+44,600
| +8% | +$2.43M |
|
1648
iShares MSCI China ETF
MCHI
$6.24B
| $35.8M | ﹤0.01% |
596,446
+356,213
| +148% | +$22.4M |
|
1649
PUT
TKO Group
TKO
$14.1B
| $35.7M | ﹤0.01% |
170,900
-99,400
| -37% | -$19.3M |
|
1650
CALL
Vail Resorts
MTN
$5.27B
| $35.7M | ﹤0.01% |
268,900
+170,100
| +172% | +$25M |
|
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.