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 | |
|---|---|---|---|---|---|---|
1976
PUT
Public Service Enterprise Group
PEG
$36.9B
| $25.1M | ﹤0.01% |
312,900
+174,900
| +127% | +$14.3M |
|
1977
PUT
Trane Technologies
TT
$102B
| $25.1M | ﹤0.01% |
64,500
-13,400
| -17% | -$5.54M |
|
1978
Argan
AGX
$6.38B
| $25.1M | ﹤0.01% |
80,109
+10,518
| +15% | +$3.34M |
|
1979
PUT
Travelers Companies
TRV
$77.4B
| $25.1M | ﹤0.01% |
86,500
-41,700
| -33% | -$11.7M |
|
1980
PUT
Starwood Property Trust
STWD
$5.89B
| $25.1M | ﹤0.01% |
1,392,500
+332,800
| +31% | +$6.12M |
|
1981
PUT
ARK Genomic Revolution ETF
ARKG
$1.95B
| $25.1M | ﹤0.01% |
865,100
+281,600
| +48% | +$8.45M |
|
1982
CALL
US Global Jets ETF
JETS
$799M
| $25.1M | ﹤0.01% |
892,500
+181,700
| +26% | +$4.72M |
|
1983
SGHC Ltd
SGHC
$7.07B
| $25M | ﹤0.01% |
2,095,871
+575,678
| +38% | +$6.92M |
|
1984
PUT
Powell Industries
POWL
$6.99B
| $25M | ﹤0.01% |
235,500
-141,000
| -37% | -$15.8M |
|
1985
PUT
Conagra Brands
CAG
$7.77B
| $25M | ﹤0.01% |
1,445,600
-39,400
| -3% | -$700K |
|
1986
American Electric Power
AEP
$67.2B
| $25M | ﹤0.01% |
216,735
+68,901
| +47% | +$8.14M |
|
1987
CALL
-1x Short VIX Futures ETF
SVIX
$159M
| $25M | ﹤0.01% |
1,029,800
+363,400
| +55% | +$7.46M |
|
1988
CALL
Macy's
M
$6B
| $24.9M | ﹤0.01% |
1,131,400
-601,000
| -35% | -$12.3M |
|
1989
CALL
IES Holdings
IESC
$13.2B
| $24.9M | ﹤0.01% |
128,200
+20,400
| +19% | +$4.1M |
|
1990
CALL
Stellantis
STLA
$19.4B
| $24.9M | ﹤0.01% |
2,287,400
+355,100
| +18% | +$3.82M |
|
1991
CALL
Globus Medical
GMED
$11.2B
| $24.8M | ﹤0.01% |
284,600
+275,700
| +3,098% | +$20.9M |
|
1992
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $24.8M | ﹤0.01% |
206,600
-84,200
| -29% | -$10.1M |
|
1993
PUT
J.M. Smucker
SJM
$14B
| $24.8M | ﹤0.01% |
253,600
-35,300
| -12% | -$3.65M |
|
|
MPT
1994
PUT
Medical Properties Trust
MPT
$2.44B
| $24.8M | ﹤0.01% |
4,959,100
-2,396,200
| -33% | -$12.5M |
|
1995
Toast
TOST
$21.4B
| $24.8M | ﹤0.01% |
698,063
-291,923
| -29% | -$10.5M |
|
1996
CALL
Vulcan Materials
VMC
$35.5B
| $24.8M | ﹤0.01% |
86,900
-46,100
| -35% | -$13.5M |
|
1997
PUT
Mobileye
MBLY
$7.26B
| $24.8M | ﹤0.01% |
2,372,900
+741,500
| +45% | +$9.26M |
|
1998
CALL
Exelixis
EXEL
$13.9B
| $24.8M | ﹤0.01% |
564,900
-96,000
| -15% | -$3.97M |
|
|
FITB
1999
PUT
Fifth Third Bancorp
FITB
$50B
| $24.8M | ﹤0.01% |
528,800
+303,900
| +135% | +$13.4M |
|
2000
CALL
Armstrong World Industries
AWI
$7.51B
| $24.7M | ﹤0.01% |
129,400
-20,400
| -14% | -$3.89M |
|
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.