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 | |
|---|---|---|---|---|---|---|
|
ETOR
2051
CALL
eToro Group
ETOR
$2.43B
| $23.1M | ﹤0.01% |
658,800
+386,900
| +142% | +$14.9M |
|
2052
PUT
Incyte
INCY
$26B
| $23.1M | ﹤0.01% |
234,100
+79,000
| +51% | +$7.64M |
|
2053
PUT
Natera
NTRA
$48.8B
| $23.1M | ﹤0.01% |
100,900
-147,100
| -59% | -$30.7M |
|
2054
PUT
Ionis Pharmaceuticals
IONS
$10.5B
| $23.1M | ﹤0.01% |
292,100
+85,400
| +41% | +$6.43M |
|
2055
PUT
Cintas
CTAS
$82.3B
| $23.1M | ﹤0.01% |
122,700
-133,000
| -52% | -$25.1M |
|
2056
PUT
Factset
FDS
$10.5B
| $23.1M | ﹤0.01% |
79,500
-34,700
| -30% | -$9.74M |
|
2057
Atmus Filtration Technologies
ATMU
$4.04B
| $23M | ﹤0.01% |
443,994
+126,274
| +40% | +$6.11M |
|
2058
PUT
Brown-Forman Class B
BF.B
$12.9B
| $23M | ﹤0.01% |
884,000
+705,500
| +395% | +$19.9M |
|
2059
CALL
Cal-Maine
CALM
$3.88B
| $23M | ﹤0.01% |
288,900
+142,000
| +97% | +$12.5M |
|
2060
PUT
Public Storage
PSA
$59.3B
| $23M | ﹤0.01% |
88,500
-54,200
| -38% | -$15.2M |
|
2061
CALL
Skyworks Solutions
SWKS
$10B
| $22.9M | ﹤0.01% |
361,600
+30,200
| +9% | +$2.11M |
|
2062
Motorola Solutions
MSI
$80.6B
| $22.9M | ﹤0.01% |
59,806
+29,605
| +98% | +$11.9M |
|
2063
Quantum Computing Inc
QUBT
$1.89B
| $22.9M | ﹤0.01% |
2,231,454
+284,981
| +15% | +$4.06M |
|
|
FRMM
2064
CALL
Forum Markets
FRMM
$76M
| $22.9M | ﹤0.01% |
4,669,800
+4,124,440
| +756% | +$58.2M |
|
2065
PUT
Aflac
AFL
$58.9B
| $22.8M | ﹤0.01% |
207,200
-168,800
| -45% | -$18.6M |
|
2066
Grab
GRAB
$14.9B
| $22.8M | ﹤0.01% |
4,574,428
-3,450,000
| -43% | -$19.1M |
|
2067
CALL
Alignment Healthcare
ALHC
$2.88B
| $22.8M | ﹤0.01% |
1,153,800
-69,600
| -6% | -$1.25M |
|
2068
CALL
Rhythm Pharmaceuticals
RYTM
$7.7B
| $22.8M | ﹤0.01% |
212,800
-46,800
| -18% | -$4.96M |
|
2069
PUT
ACM Research
ACMR
$5.51B
| $22.8M | ﹤0.01% |
577,200
-80,600
| -12% | -$3M |
|
2070
CALL
Agios Pharmaceuticals
AGIO
$2.03B
| $22.8M | ﹤0.01% |
836,000
+568,700
| +213% | +$20M |
|
2071
Stryker
SYK
$126B
| $22.7M | ﹤0.01% |
64,504
-33,197
| -34% | -$12.1M |
|
|
2072
PUT
Quantum Computing Inc
QUBT
$1.89B
| $22.6M | ﹤0.01% |
2,206,800
-1,372,600
| -38% | -$19.5M |
|
2073
General Mills
GIS
$21.4B
| $22.6M | ﹤0.01% |
485,889
-125,885
| -21% | -$5.98M |
|
2074
WEC Energy
WEC
$35B
| $22.6M | ﹤0.01% |
214,144
+166,892
| +353% | +$18.5M |
|
2075
PUT
Globalstar
GSAT
$10.6B
| $22.6M | ﹤0.01% |
369,800
-182,700
| -33% | -$10.1M |
|
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 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.