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 | |
|---|---|---|---|---|---|---|
1701
PUT
T. Rowe Price
TROW
$24.1B
| $33.8M | ﹤0.01% |
330,500
-7,200
| -2% | -$743K |
|
1702
PUT
Cal-Maine
CALM
$3.93B
| $33.8M | ﹤0.01% |
424,400
+197,200
| +87% | +$17.3M |
|
|
BLD
1703
PUT
DELISTED
TopBuild
BLD
| $33.8M | ﹤0.01% |
80,900
-1,100
| -1% | -$472K |
|
1704
Sun Communities
SUI
$15.3B
| $33.7M | ﹤0.01% |
272,213
+69,218
| +34% | +$8.66M |
|
|
TIGR
1705
UP Fintech Holding
TIGR
$976M
| $33.7M | ﹤0.01% |
3,525,686
-3,285,315
| -48% | -$31.4M |
|
|
CMA
1706
PUT
DELISTED
Comerica
CMA
| $33.7M | ﹤0.01% |
387,400
-201,500
| -34% | -$16.2M |
|
1707
PUT
Lithia Motors
LAD
$8.18B
| $33.7M | ﹤0.01% |
101,300
+69,300
| +217% | +$22M |
|
1708
Under Armour
UAA
$2.2B
| $33.7M | ﹤0.01% |
6,771,945
+976,128
| +17% | +$4.52M |
|
1709
PUT
WEC Energy
WEC
$34.8B
| $33.7M | ﹤0.01% |
319,100
+50,600
| +19% | +$5.6M |
|
1710
Automatic Data Processing
ADP
$112B
| $33.5M | ﹤0.01% |
130,284
-10,093
| -7% | -$2.69M |
|
1711
CALL
SentinelOne
S
$6.96B
| $33.5M | ﹤0.01% |
2,233,900
+990,200
| +80% | +$16.2M |
|
1712
CALL
Harrow
HROW
$1.55B
| $33.5M | ﹤0.01% |
683,500
+340,200
| +99% | +$14.3M |
|
1713
PUT
Century Aluminum
CENX
$4.38B
| $33.5M | ﹤0.01% |
854,800
+145,600
| +21% | +$4.55M |
|
1714
PUT
Jefferies Financial Group
JEF
$12.1B
| $33.5M | ﹤0.01% |
540,300
+319,200
| +144% | +$18.3M |
|
1715
CALL
Argan
AGX
$6.32B
| $33.5M | ﹤0.01% |
106,800
+31,800
| +42% | +$10.1M |
|
1716
CALL
Sibanye-Stillwater
SBSW
$8.87B
| $33.5M | ﹤0.01% |
2,348,200
+593,000
| +34% | +$7.18M |
|
1717
AdvisorShares Pure US Cannabis ETF
MSOS
$988M
| $33.4M | ﹤0.01% |
7,081,281
+4,076,657
| +136% | +$18.2M |
|
1718
CALL
Ambev
ABEV
$45.2B
| $33.4M | ﹤0.01% |
13,513,600
+13,119,600
| +3,330% | +$31.2M |
|
1719
CALL
Alexandria Real Estate Equities
ARE
$9.1B
| $33.4M | ﹤0.01% |
681,700
+257,400
| +61% | +$15.2M |
|
1720
PUT
Grab
GRAB
$14.6B
| $33.4M | ﹤0.01% |
6,683,800
+890,100
| +15% | +$4.92M |
|
1721
CALL
Cognizant
CTSH
$28.4B
| $33.3M | ﹤0.01% |
401,800
+148,200
| +58% | +$11.1M |
|
1722
CALL
Transocean
RIG
$6.42B
| $33.3M | ﹤0.01% |
8,071,700
+3,260,500
| +68% | +$12.7M |
|
1723
PUT
Edison International
EIX
$28.8B
| $33.3M | ﹤0.01% |
555,400
+19,400
| +4% | +$1.11M |
|
1724
CALL
Targa Resources
TRGP
$61.5B
| $33.3M | ﹤0.01% |
180,600
-47,800
| -21% | -$8.05M |
|
1725
PUT
Tyson Foods
TSN
$20.1B
| $33.3M | ﹤0.01% |
568,100
-32,100
| -5% | -$1.76M |
|
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.