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 | Miscellaneous | 94.23% |
| 2 | Technology | 1.7% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Communication Services | 0.67% |
| 5 | Financials | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1751
PUT
Canadian Solar
CSIQ
$970M
| $32.3M | ﹤0.01% |
1,358,600
+930,700
| +218% | +$20.3M |
|
1752
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$15B
| $32.2M | ﹤0.01% |
305,000
-426,500
| -58% | -$46.9M |
|
1753
CALL
MKS Inc
MKSI
$18.4B
| $32.2M | ﹤0.01% |
201,700
+58,100
| +40% | +$8.62M |
|
1754
CALL
TransDigm Group
TDG
$65.9B
| $32M | ﹤0.01% |
24,100
-36,300
| -60% | -$47.6M |
|
1755
PUT
DuPont de Nemours
DD
$18.8B
| $32M | ﹤0.01% |
265,733
-59,466
| -18% | -$6.69M |
|
1756
PUT
Ambev
ABEV
$44.4B
| $32M | ﹤0.01% |
12,966,400
+12,470,700
| +2,516% | +$29.7M |
|
1757
Coupang
CPNG
$29.3B
| $32M | ﹤0.01% |
1,355,900
+286,835
| +27% | +$8.16M |
|
1758
PUT
YieldMax MSTR Option Income Strategy ETF
MSTY
$982M
| $32M | ﹤0.01% |
1,079,600
+955,740
| +772% | +$44.6M |
|
1759
Crocs
CROX
$5.84B
| $31.9M | ﹤0.01% |
373,393
-101,525
| -21% | -$8.49M |
|
1760
CALL
Fidelity National Information Services
FIS
$20.9B
| $31.9M | ﹤0.01% |
480,100
-138,000
| -22% | -$9.1M |
|
1761
CALL
ResMed
RMD
$34.2B
| $31.9M | ﹤0.01% |
132,400
+41,700
| +46% | +$10.7M |
|
1762
PUT
Joby Aviation
JOBY
$7.07B
| $31.8M | ﹤0.01% |
2,412,500
+290,100
| +14% | +$4.45M |
|
1763
CALL
Sysco
SYY
$39.7B
| $31.8M | ﹤0.01% |
432,000
-134,200
| -24% | -$10.2M |
|
1764
CALL
Natera
NTRA
$49B
| $31.8M | ﹤0.01% |
138,800
-187,800
| -58% | -$39.2M |
|
1765
CALL
Hertz
HTZ
$741M
| $31.8M | ﹤0.01% |
6,184,800
+79,400
| +1% | +$434K |
|
1766
PUT
CarMax
KMX
$8.98B
| $31.7M | ﹤0.01% |
821,600
-8,300
| -1% | -$332K |
|
1767
CALL
Huntington Ingalls Industries
HII
$11.7B
| $31.7M | ﹤0.01% |
93,100
+20,600
| +28% | +$6.39M |
|
1768
PUT
abrdn Physical Silver Shares ETF
SIVR
$4.69B
| $31.6M | ﹤0.01% |
467,300
+461,000
| +7,317% | +$24.2M |
|
1769
GlobalFoundries
GFS
$25.4B
| $31.6M | ﹤0.01% |
904,903
-1,599,274
| -64% | -$56.9M |
|
1770
PUT
Neurocrine Biosciences
NBIX
$15.8B
| $31.5M | ﹤0.01% |
222,400
+50,100
| +29% | +$7.26M |
|
1771
PUT
Summit Therapeutics
SMMT
$11.4B
| $31.5M | ﹤0.01% |
1,802,700
+411,000
| +30% | +$7.73M |
|
1772
CALL
Trump Media & Technology Group
DJT
$2.76B
| $31.5M | ﹤0.01% |
2,380,100
-1,119,500
| -32% | -$15.3M |
|
1773
CALL
TG Therapeutics
TGTX
$8.41B
| $31.5M | ﹤0.01% |
1,056,500
+270,900
| +34% | +$8.85M |
|
|
1774
PUT
Coupang
CPNG
$29.3B
| $31.5M | ﹤0.01% |
1,335,000
+558,600
| +72% | +$15.9M |
|
1775
Williams Companies
WMB
$89.6B
| $31.5M | ﹤0.01% |
523,764
+334,592
| +177% | +$20.2M |
|
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 Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.