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 | |
|---|---|---|---|---|---|---|
1726
CALL
Alaska Air
ALK
$4.84B
| $33.2M | ﹤0.01% |
660,500
-1,233,900
| -65% | -$57M |
|
1727
PUT
Archer Aviation
ACHR
$4.59B
| $33.2M | ﹤0.01% |
4,410,000
-2,999,000
| -40% | -$28.2M |
|
1728
Cloudflare
NET
$98.8B
| $33.1M | ﹤0.01% |
168,141
+109,342
| +186% | +$23.1M |
|
1729
PUT
Campbell Soup
CPB
$7B
| $33.1M | ﹤0.01% |
1,188,700
+192,500
| +19% | +$5.79M |
|
1730
CALL
SEALSQ Corp
LAES
$566M
| $33M | ﹤0.01% |
8,731,200
+2,613,400
| +43% | +$13.3M |
|
1731
PUT
Opendoor
OPEN
$3.5B
| $33M | ﹤0.01% |
5,651,900
-5,088,050
| -47% | -$36.5M |
|
1732
PUT
TE Connectivity
TEL
$58.3B
| $32.9M | ﹤0.01% |
144,800
+115,200
| +389% | +$26.6M |
|
|
FIG
1733
Figma
FIG
$14.5B
| $32.9M | ﹤0.01% |
881,529
+556,550
| +171% | +$25.1M |
|
1734
Brighthouse Financial
BHF
$2.98B
| $32.9M | ﹤0.01% |
508,319
+330,472
| +186% | +$19.4M |
|
1735
PUT
Deutsche Bank
DB
$73.4B
| $32.9M | ﹤0.01% |
853,100
+58,900
| +7% | +$2.13M |
|
1736
PUT
Texas Pacific Land
TPL
$25.7B
| $32.9M | ﹤0.01% |
114,500
-18,100
| -14% | -$5.53M |
|
1737
PUT
UiPath
PATH
$8.63B
| $32.8M | ﹤0.01% |
2,002,600
-876,800
| -30% | -$13.6M |
|
1738
Insmed
INSM
$27.1B
| $32.8M | ﹤0.01% |
188,576
-44,530
| -19% | -$8.13M |
|
1739
PUT
Tapestry
TPR
$25.9B
| $32.8M | ﹤0.01% |
256,600
+103,300
| +67% | +$11.8M |
|
1740
CALL
Granite Construction
GVA
$5.42B
| $32.8M | ﹤0.01% |
284,100
-51,700
| -15% | -$5.56M |
|
1741
TeraWulf
WULF
$8.14B
| $32.7M | ﹤0.01% |
2,848,703
+2,309,911
| +429% | +$31M |
|
1742
Nextpower Inc. Common Stock
NXT
$12.9B
| $32.7M | ﹤0.01% |
375,484
+333,812
| +801% | +$30.3M |
|
1743
Kenvue
KVUE
$37.1B
| $32.7M | ﹤0.01% |
1,892,951
-10,831,369
| -85% | -$177M |
|
1744
Norfolk Southern
NSC
$78.9B
| $32.6M | ﹤0.01% |
112,812
+54,485
| +93% | +$15.8M |
|
1745
CALL
VanEck Oil Services ETF
OIH
$1.93B
| $32.4M | ﹤0.01% |
113,800
-89,600
| -44% | -$25.1M |
|
1746
MSCI
MSCI
$41B
| $32.4M | ﹤0.01% |
56,442
-6,411
| -10% | -$3.6M |
|
1747
FTAI Aviation
FTAI
$20.6B
| $32.3M | ﹤0.01% |
164,215
+140,858
| +603% | +$24M |
|
1748
Northrop Grumman
NOC
$77.1B
| $32.3M | ﹤0.01% |
56,662
+18,857
| +50% | +$10.9M |
|
1749
PUT
Sprouts Farmers Market
SFM
$8.01B
| $32.3M | ﹤0.01% |
405,400
+239,400
| +144% | +$21.5M |
|
1750
Fidelity Wise Origin Bitcoin Fund
FBTC
$14.7B
| $32.3M | ﹤0.01% |
423,643
-156,167
| -27% | -$13.6M |
|
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.