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 | |
|---|---|---|---|---|---|---|
1826
CALL
HP
HPQ
$27.9B
| $30M | ﹤0.01% |
1,346,100
-508,500
| -27% | -$13M |
|
1827
CALL
Watsco Inc
WSO
$13B
| $29.9M | ﹤0.01% |
88,800
+52,600
| +145% | +$18.8M |
|
1828
PUT
Intuitive Machines
LUNR
$2.58B
| $29.8M | ﹤0.01% |
1,837,600
+918,300
| +100% | +$10.6M |
|
1829
CALL
Annaly Capital Management
NLY
$17.2B
| $29.8M | ﹤0.01% |
1,332,800
-687,400
| -34% | -$15M |
|
1830
CALL
Nutrien
NTR
$35.1B
| $29.8M | ﹤0.01% |
482,400
-214,000
| -31% | -$12.6M |
|
1831
PUT
Keurig Dr Pepper
KDP
$43.8B
| $29.7M | ﹤0.01% |
1,059,600
+245,200
| +30% | +$6.73M |
|
1832
CALL
OneMain Financial
OMF
$7.26B
| $29.7M | ﹤0.01% |
439,300
+111,400
| +34% | +$6.77M |
|
1833
CALL
KE Holdings
BEKE
$19.7B
| $29.7M | ﹤0.01% |
1,882,200
-937,200
| -33% | -$16.1M |
|
1834
CALL
Shake Shack
SHAK
$2.95B
| $29.6M | ﹤0.01% |
365,100
+100,100
| +38% | +$8.83M |
|
1835
TMC The Metals Company
TMC
$2.21B
| $29.6M | ﹤0.01% |
4,800,595
+874,605
| +22% | +$6.14M |
|
1836
CALL
Roivant Sciences
ROIV
$26.5B
| $29.6M | ﹤0.01% |
1,363,800
+350,300
| +35% | +$6.91M |
|
|
QXO
1837
CALL
QXO Inc
QXO
$14.5B
| $29.6M | ﹤0.01% |
1,533,600
+784,900
| +105% | +$15M |
|
1838
CALL
ATI
ATI
$29B
| $29.5M | ﹤0.01% |
256,800
-24,600
| -9% | -$2.4M |
|
1839
EOG Resources
EOG
$76B
| $29.5M | ﹤0.01% |
280,564
+146,729
| +110% | +$15.8M |
|
1840
CALL
Vanguard Real Estate ETF
VNQ
$39.1B
| $29.5M | ﹤0.01% |
332,900
+82,800
| +33% | +$7.44M |
|
1841
PUT
Golar LNG
GLNG
$5.23B
| $29.4M | ﹤0.01% |
791,400
-273,300
| -26% | -$10.4M |
|
|
TIGR
1842
CALL
UP Fintech Holding
TIGR
$976M
| $29.4M | ﹤0.01% |
3,077,200
-827,100
| -21% | -$7.9M |
|
1843
CALL
Citizens Financial Group
CFG
$29.7B
| $29.3M | ﹤0.01% |
502,200
-111,500
| -18% | -$5.99M |
|
1844
CALL
MasTec
MTZ
$20B
| $29.3M | ﹤0.01% |
134,600
+12,600
| +10% | +$2.64M |
|
1845
CALL
Enovix
ENVX
$746M
| $29.3M | ﹤0.01% |
4,001,600
+1,750,100
| +78% | +$17M |
|
1846
PUT
Match Group
MTCH
$9.66B
| $29.2M | ﹤0.01% |
904,000
-105,100
| -10% | -$3.45M |
|
1847
Akamai
AKAM
$15.5B
| $29.2M | ﹤0.01% |
334,216
+236,092
| +241% | +$19.4M |
|
1848
uniQure
QURE
$3.53B
| $29.2M | ﹤0.01% |
1,218,350
+992,810
| +440% | +$38.3M |
|
1849
CALL
Mirion Technologies
MIR
$3.71B
| $29.1M | ﹤0.01% |
1,241,800
+600
| +0% | +$15K |
|
1850
CALL
Digital Realty Trust
DLR
$71.8B
| $29.1M | ﹤0.01% |
187,900
-273,500
| -59% | -$44.9M |
|
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.