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 | |
|---|---|---|---|---|---|---|
|
CMA
1876
DELISTED
Comerica
CMA
| $28.2M | ﹤0.01% |
323,913
+159,674
| +97% | +$12.9M |
|
1877
PUT
Crown Castle
CCI
$32.1B
| $28.1M | ﹤0.01% |
316,300
+18,900
| +6% | +$1.74M |
|
1878
CALL
AGNC Investment
AGNC
$12.8B
| $28.1M | ﹤0.01% |
2,619,400
-903,300
| -26% | -$9.29M |
|
1879
CALL
Unilever
UL
$140B
| $28.1M | ﹤0.01% |
429,200
+173,022
| +68% | +$11.6M |
|
|
SA
1880
CALL
Seabridge Gold
SA
$3.69B
| $28M | ﹤0.01% |
947,200
+617,100
| +187% | +$16.2M |
|
1881
CALL
ArcelorMittal
MT
$56.2B
| $28M | ﹤0.01% |
613,700
+266,800
| +77% | +$11M |
|
1882
Roivant Sciences
ROIV
$26.5B
| $27.9M | ﹤0.01% |
1,286,197
+827,608
| +180% | +$16.3M |
|
1883
CALL
Pagaya Technologies
PGY
$1.87B
| $27.9M | ﹤0.01% |
1,335,300
+448,700
| +51% | +$11.4M |
|
1884
PUT
XPO
XPO
$22.5B
| $27.9M | ﹤0.01% |
205,300
+73,500
| +56% | +$10M |
|
1885
NVR
NVR
$17B
| $27.9M | ﹤0.01% |
3,826
+2,159
| +130% | +$16.1M |
|
1886
CALL
APi Group
APG
$17.8B
| $27.9M | ﹤0.01% |
728,900
+385,050
| +112% | +$14.2M |
|
1887
iShares MSCI South Korea ETF
EWY
$27.9B
| $27.9M | ﹤0.01% |
+286,734
| New | +$26.2M |
|
1888
CALL
OR Royalties Inc
OR
$7.2B
| $27.9M | ﹤0.01% |
787,300
+536,100
| +213% | +$18.8M |
|
1889
PUT
BigBear.ai
BBAI
$1.46B
| $27.8M | ﹤0.01% |
5,151,800
+2,644,100
| +105% | +$17.3M |
|
1890
PUT
Bath & Body Works
BBWI
$3.81B
| $27.8M | ﹤0.01% |
1,384,000
-1,908,900
| -58% | -$42.1M |
|
1891
Humana
HUM
$47B
| $27.8M | ﹤0.01% |
108,418
-171,193
| -61% | -$44.9M |
|
1892
CALL
Iron Mountain
IRM
$36.2B
| $27.7M | ﹤0.01% |
334,500
+25,900
| +8% | +$2.42M |
|
1893
CALL
Omnicom Group
OMC
$24.1B
| $27.7M | ﹤0.01% |
343,100
+292,400
| +577% | +$22.3M |
|
1894
CALL
Insulet
PODD
$9.94B
| $27.7M | ﹤0.01% |
97,300
-9,900
| -9% | -$3.1M |
|
|
BULL
1895
PUT
Webull Corp
BULL
$4.65B
| $27.6M | ﹤0.01% |
3,557,600
-157,600
| -4% | -$1.58M |
|
1896
McKesson
MCK
$105B
| $27.6M | ﹤0.01% |
33,652
+11,972
| +55% | +$9.77M |
|
1897
Chubb
CB
$133B
| $27.6M | ﹤0.01% |
88,411
+33,252
| +60% | +$9.72M |
|
1898
SiriusXM
SIRI
$9.61B
| $27.6M | ﹤0.01% |
1,379,627
+732,522
| +113% | +$15.7M |
|
1899
CALL
Clorox
CLX
$12.6B
| $27.5M | ﹤0.01% |
273,200
-87,300
| -24% | -$9.48M |
|
1900
Petrobras
PBR
$114B
| $27.5M | ﹤0.01% |
2,323,782
+1,082,026
| +87% | +$13.2M |
|
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 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.