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 | |
|---|---|---|---|---|---|---|
1776
PUT
Darden Restaurants
DRI
$24.9B
| $31.4M | ﹤0.01% |
170,900
-60,400
| -26% | -$11M |
|
1777
PUT
Tenet Healthcare
THC
$22.3B
| $31.4M | ﹤0.01% |
158,000
-112,600
| -42% | -$22.8M |
|
1778
PUT
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.3B
| $31.4M | ﹤0.01% |
539,600
+251,900
| +88% | +$14.6M |
|
1779
CALL
Jefferies Financial Group
JEF
$12.2B
| $31.3M | ﹤0.01% |
505,600
+178,900
| +55% | +$10.3M |
|
1780
American Tower
AMT
$82.3B
| $31.3M | ﹤0.01% |
178,117
+8,989
| +5% | +$1.64M |
|
1781
DigitalBridge
DBRG
$2.95B
| $31.3M | ﹤0.01% |
2,037,679
+1,540,487
| +310% | +$18.5M |
|
|
FIGR
1782
CALL
Figure Technology Solutions
FIGR
$8.42B
| $31.2M | ﹤0.01% |
764,800
+699,600
| +1,073% | +$28M |
|
1783
CALL
NetEase
NTES
$79.2B
| $31.2M | ﹤0.01% |
226,900
-50,400
| -18% | -$7.16M |
|
1784
Iris Energy
IREN
$14.3B
| $31.2M | ﹤0.01% |
825,420
-1,032,291
| -56% | -$53.3M |
|
1785
CALL
Sarepta Therapeutics
SRPT
$1.95B
| $31.1M | ﹤0.01% |
1,447,200
+55,700
| +4% | +$1.17M |
|
1786
SLM Corp
SLM
$5.02B
| $31.1M | ﹤0.01% |
1,150,709
+1,068,756
| +1,304% | +$29.3M |
|
1787
Arch Capital
ACGL
$34.3B
| $31.1M | ﹤0.01% |
324,267
+241,682
| +293% | +$22.1M |
|
1788
Agios Pharmaceuticals
AGIO
$2.04B
| $31.1M | ﹤0.01% |
+1,142,432
| New | +$40.1M |
|
1789
Affirm
AFRM
$25.8B
| $31M | ﹤0.01% |
416,612
-70,534
| -14% | -$5.08M |
|
1790
Live Nation Entertainment
LYV
$42.9B
| $30.9M | ﹤0.01% |
217,164
+152,226
| +234% | +$21.9M |
|
1791
Whirlpool
WHR
$2.64B
| $30.9M | ﹤0.01% |
428,573
+23,344
| +6% | +$1.72M |
|
1792
CALL
Williams-Sonoma
WSM
$27.6B
| $30.9M | ﹤0.01% |
172,900
-76,000
| -31% | -$14.2M |
|
1793
ProShares Ultra Silver
AGQ
$1.6B
| $30.9M | ﹤0.01% |
198,905
-156,855
| -44% | -$16.2M |
|
1794
CALL
Capri Holdings
CPRI
$1.54B
| $30.8M | ﹤0.01% |
1,261,600
+474,000
| +60% | +$11M |
|
1795
CALL
monday.com
MNDY
$3.91B
| $30.8M | ﹤0.01% |
208,400
-42,000
| -17% | -$7.07M |
|
1796
CALL
Alpha Metallurgical Resources
AMR
$2.72B
| $30.7M | ﹤0.01% |
153,400
+40,400
| +36% | +$6.98M |
|
1797
CALL
Celcuity
CELC
$4.66B
| $30.7M | ﹤0.01% |
307,300
+121,700
| +66% | +$10M |
|
1798
CALL
Baker Hughes
BKR
$61.5B
| $30.6M | ﹤0.01% |
673,000
+1,200
| +0.2% | +$56.9K |
|
1799
PUT
Hasbro
HAS
$13.5B
| $30.6M | ﹤0.01% |
373,600
+19,600
| +6% | +$1.54M |
|
1800
CALL
Sprouts Farmers Market
SFM
$7.91B
| $30.6M | ﹤0.01% |
384,500
+234,500
| +156% | +$21M |
|
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.