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 | |
|---|---|---|---|---|---|---|
1926
PUT
Lincoln National
LNC
$8.29B
| $26.6M | ﹤0.01% |
597,200
+9,700
| +2% | +$404K |
|
1927
CALL
Northern Trust
NTRS
$34.3B
| $26.6M | ﹤0.01% |
194,400
-19,700
| -9% | -$2.59M |
|
1928
CALL
iShares National Muni Bond ETF
MUB
$45.6B
| $26.5M | ﹤0.01% |
247,700
-162,300
| -40% | -$17.4M |
|
1929
PUT
Trip.com Group
TCOM
$28.4B
| $26.5M | ﹤0.01% |
368,300
-12,900
| -3% | -$922K |
|
|
VG
1930
CALL
Venture Global Inc
VG
$35.8B
| $26.5M | ﹤0.01% |
3,880,400
+2,466,500
| +174% | +$20.5M |
|
1931
TG Therapeutics
TGTX
$8.42B
| $26.5M | ﹤0.01% |
887,451
+179,120
| +25% | +$5.85M |
|
|
ETHE
1932
CALL
Grayscale Ethereum Staking ETF Shares
ETHE
$1.88B
| $26.4M | ﹤0.01% |
1,084,100
+204,500
| +23% | +$5.81M |
|
1933
PUT
Transmedics
TMDX
$3.2B
| $26.4M | ﹤0.01% |
217,100
-137,000
| -39% | -$17.2M |
|
1934
PUT
FS KKR Capital
FSK
$3.36B
| $26.4M | ﹤0.01% |
1,780,400
+989,000
| +125% | +$15M |
|
1935
PUT
Diageo
DEO
$52.1B
| $26.3M | ﹤0.01% |
305,100
-19,800
| -6% | -$1.82M |
|
1936
SS&C Technologies
SSNC
$19.5B
| $26.3M | ﹤0.01% |
300,532
-238,406
| -44% | -$20.3M |
|
1937
PUT
BJs Wholesale Club
BJ
$11.9B
| $26.3M | ﹤0.01% |
291,600
-228,500
| -44% | -$21M |
|
1938
PUT
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.49B
| $26.2M | ﹤0.01% |
650,300
+261,200
| +67% | +$10.7M |
|
1939
CALL
Martin Marietta Materials
MLM
$37.8B
| $26.2M | ﹤0.01% |
42,100
-21,800
| -34% | -$13.6M |
|
1940
CALL
Sociedad Química y Minera de Chile
SQM
$22.4B
| $26.2M | ﹤0.01% |
380,800
+48,800
| +15% | +$2.69M |
|
1941
CALL
dLocal
DLO
$4.52B
| $26.2M | ﹤0.01% |
1,852,800
-308,100
| -14% | -$4.35M |
|
1942
PUT
C3.ai
AI
$1.51B
| $26.2M | ﹤0.01% |
1,942,200
-1,012,000
| -34% | -$16.1M |
|
1943
CALL
Texas Pacific Land
TPL
$25.5B
| $26.1M | ﹤0.01% |
91,000
-20,300
| -18% | -$6.2M |
|
1944
PUT
ATI
ATI
$29B
| $26.1M | ﹤0.01% |
227,500
-86,000
| -27% | -$8.38M |
|
1945
CALL
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.2B
| $26.1M | ﹤0.01% |
316,000
+101,500
| +47% | +$8.34M |
|
1946
Realty Income
O
$58.9B
| $26.1M | ﹤0.01% |
462,341
+279,258
| +153% | +$16.2M |
|
|
CTRA
1947
CALL
DELISTED
Coterra Energy
CTRA
| $26M | ﹤0.01% |
989,500
+83,000
| +9% | +$2.09M |
|
1948
Deere & Co
DE
$171B
| $26M | ﹤0.01% |
55,876
-18,711
| -25% | -$8.78M |
|
1949
CDW
CDW
$17.7B
| $25.9M | ﹤0.01% |
189,867
-59,844
| -24% | -$8.82M |
|
1950
PUT
Nutanix
NTNX
$17.7B
| $25.8M | ﹤0.01% |
499,900
-287,700
| -37% | -$17.6M |
|
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.