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 | |
|---|---|---|---|---|---|---|
1801
PUT
Global Payments
GPN
$24.6B
| $30.6M | ﹤0.01% |
395,500
+179,600
| +83% | +$14.5M |
|
1802
PUT
Argan
AGX
$6.38B
| $30.6M | ﹤0.01% |
97,700
-34,900
| -26% | -$11.1M |
|
1803
PUT
Shift4
FOUR
$3.65B
| $30.5M | ﹤0.01% |
484,100
-15,700
| -3% | -$1.11M |
|
|
API
1804
Agora
API
$349M
| $30.5M | ﹤0.01% |
7,484,011
| – | – |
|
1805
WisdomTree Emerging Markets High Dividend Fund
DEM
$4.15B
| $30.5M | ﹤0.01% |
651,981
-86,737
| -12% | -$4.02M |
|
1806
CALL
Protagonist Therapeutics
PTGX
$9.8B
| $30.4M | ﹤0.01% |
348,600
+280,100
| +409% | +$22.9M |
|
1807
CALL
Idexx Laboratories
IDXX
$43.6B
| $30.4M | ﹤0.01% |
44,900
-46,700
| -51% | -$31.8M |
|
1808
Domino's
DPZ
$11.4B
| $30.4M | ﹤0.01% |
72,837
-12,226
| -14% | -$5.1M |
|
1809
HCA Healthcare
HCA
$92.5B
| $30.3M | ﹤0.01% |
64,995
+18,124
| +39% | +$8.41M |
|
1810
Kinder Morgan
KMI
$71.3B
| $30.3M | ﹤0.01% |
1,103,752
+737,413
| +201% | +$19.9M |
|
1811
Nokia
NOK
$58.1B
| $30.3M | ﹤0.01% |
4,688,702
+344,396
| +8% | +$2.13M |
|
1812
HEICO Corp Class A
HEI.A
$35.8B
| $30.2M | ﹤0.01% |
119,820
+14,558
| +14% | +$3.6M |
|
1813
CALL
Toyota
TM
$227B
| $30.2M | ﹤0.01% |
141,200
+20,200
| +17% | +$4.1M |
|
1814
PUT
Intercontinental Exchange
ICE
$90.9B
| $30.2M | ﹤0.01% |
186,300
-110,100
| -37% | -$17.2M |
|
1815
PUT
Teck Resources
TECK
$34.9B
| $30.2M | ﹤0.01% |
630,000
-28,200
| -4% | -$1.22M |
|
1816
PUT
State Street
STT
$53.2B
| $30.2M | ﹤0.01% |
233,800
-4,500
| -2% | -$539K |
|
|
BULL
1817
CALL
Webull Corp
BULL
$4.65B
| $30.1M | ﹤0.01% |
3,879,000
+855,200
| +28% | +$8.6M |
|
1818
iShares Select Dividend ETF
DVY
$24B
| $30.1M | ﹤0.01% |
213,424
+211,624
| +11,757% | +$29.9M |
|
1819
S&P Global
SPGI
$129B
| $30.1M | ﹤0.01% |
57,588
-64,508
| -53% | -$31.9M |
|
1820
PUT
Oneok
OKE
$59.8B
| $30.1M | ﹤0.01% |
409,400
+51,300
| +14% | +$3.63M |
|
1821
Navitas Semiconductor
NVTS
$3.31B
| $30M | ﹤0.01% |
4,208,195
-2,087,406
| -33% | -$20.1M |
|
1822
CALL
VeriSign
VRSN
$26.5B
| $30M | ﹤0.01% |
123,600
-76,000
| -38% | -$19.1M |
|
1823
Truist Financial
TFC
$61.9B
| $30M | ﹤0.01% |
609,964
+293,461
| +93% | +$13.5M |
|
1824
PUT
Skyworks Solutions
SWKS
$10B
| $30M | ﹤0.01% |
473,000
+95,500
| +25% | +$6.67M |
|
1825
Mondelez International
MDLZ
$80.4B
| $30M | ﹤0.01% |
557,148
+64,862
| +13% | +$3.73M |
|
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.