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 | |
|---|---|---|---|---|---|---|
1901
PUT
Glaukos
GKOS
$10.8B
| $27.5M | ﹤0.01% |
243,800
+219,800
| +916% | +$21M |
|
1902
Marathon Petroleum
MPC
$101B
| $27.5M | ﹤0.01% |
168,801
+100,449
| +147% | +$18.8M |
|
1903
CALL
Travere Therapeutics
TVTX
$6.33B
| $27.5M | ﹤0.01% |
718,400
+298,000
| +71% | +$9.69M |
|
1904
CALL
ACM Research
ACMR
$5.59B
| $27.4M | ﹤0.01% |
695,000
-3,200
| -0.5% | -$119K |
|
1905
CALL
NEOS Nasdaq 100 High Income ETF
QQQI
$14.3B
| $27.4M | ﹤0.01% |
509,000
+375,100
| +280% | +$20.4M |
|
1906
Celsius Holdings
CELH
$8.51B
| $27.3M | ﹤0.01% |
596,347
+372,740
| +167% | +$18.8M |
|
|
FITB
1907
CALL
Fifth Third Bancorp
FITB
$49.6B
| $27.2M | ﹤0.01% |
581,900
-112,700
| -16% | -$4.96M |
|
1908
CALL
Semtech
SMTC
$13.4B
| $27.2M | ﹤0.01% |
369,400
+97,000
| +36% | +$6.88M |
|
1909
Cummins
CMI
$79B
| $27.2M | ﹤0.01% |
53,268
+25,056
| +89% | +$11.7M |
|
1910
CALL
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$524M
| $27.2M | ﹤0.01% |
547,900
-18,300
| -3% | -$1.09M |
|
1911
PUT
Sunoco
SUN
$13.9B
| $27.2M | ﹤0.01% |
518,500
+170,000
| +49% | +$8.98M |
|
1912
CALL
Boyd Gaming
BYD
$5.79B
| $27.1M | ﹤0.01% |
318,400
-160,400
| -34% | -$13.2M |
|
1913
e.l.f. Beauty
ELF
$6.33B
| $27.1M | ﹤0.01% |
356,150
+83,942
| +31% | +$8.26M |
|
1914
CALL
Gildan
GIL
$9.92B
| $27M | ﹤0.01% |
432,900
+423,400
| +4,457% | +$25.2M |
|
|
USAR
1915
PUT
USA Rare Earth Inc
USAR
$4.62B
| $27M | ﹤0.01% |
2,267,900
+666,300
| +42% | +$12.7M |
|
|
Q
1916
Qnity Electronics Inc
Q
$26.6B
| $26.9M | ﹤0.01% |
+329,823
| New | +$28M |
|
|
SNDK
1917
Sandisk
SNDK
$216B
| $26.9M | ﹤0.01% |
113,382
+33,763
| +42% | +$6.76M |
|
1918
O'Reilly Automotive
ORLY
$71.1B
| $26.9M | ﹤0.01% |
294,840
+72,483
| +33% | +$7.08M |
|
1919
CALL
Mobileye
MBLY
$7.38B
| $26.9M | ﹤0.01% |
2,575,500
-955,900
| -27% | -$11.9M |
|
1920
CALL
Quest Diagnostics
DGX
$27.2B
| $26.8M | ﹤0.01% |
154,600
-50,100
| -24% | -$9.12M |
|
1921
CALL
IAMGOLD
IAG
$12.4B
| $26.8M | ﹤0.01% |
1,626,500
+155,400
| +11% | +$2.19M |
|
|
QXO
1922
QXO Inc
QXO
$14.6B
| $26.8M | ﹤0.01% |
1,389,143
-194,584
| -12% | -$3.73M |
|
1923
CALL
Motorola Solutions
MSI
$80.8B
| $26.8M | ﹤0.01% |
69,800
-105,300
| -60% | -$42.3M |
|
1924
PUT
NetEase
NTES
$78.3B
| $26.7M | ﹤0.01% |
194,100
-82,100
| -30% | -$11.7M |
|
1925
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$381M
| $26.6M | ﹤0.01% |
1,377,600
+834,200
| +154% | +$17.1M |
|
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.