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 | |
|---|---|---|---|---|---|---|
2076
CALL
KB Home
KBH
$3.44B
| $22.6M | ﹤0.01% |
400,100
-71,400
| -15% | -$4.39M |
|
2077
CALL
Deutsche Bank
DB
$75.6B
| $22.6M | ﹤0.01% |
585,100
-170,700
| -23% | -$6.16M |
|
2078
CALL
Tractor Supply
TSCO
$18.2B
| $22.5M | ﹤0.01% |
449,800
-120,600
| -21% | -$6.49M |
|
2079
Copart
CPRT
$30.2B
| $22.5M | ﹤0.01% |
573,924
+334,029
| +139% | +$13.9M |
|
|
KEEL
2080
Keel Infrastructure Corp
KEEL
$2.08B
| $22.5M | ﹤0.01% |
9,560,674
-2,821,517
| -23% | -$9.66M |
|
2081
PUT
Franco-Nevada
FNV
$51.6B
| $22.4M | ﹤0.01% |
108,300
-5,200
| -5% | -$1.05M |
|
2082
The Mosaic Company
MOS
$7.68B
| $22.4M | ﹤0.01% |
929,478
+590,606
| +174% | +$15.9M |
|
2083
CALL
Planet Fitness
PLNT
$4.03B
| $22.3M | ﹤0.01% |
206,000
+103,800
| +102% | +$10.7M |
|
2084
CALL
GigaCloud Technology
GCT
$1.86B
| $22.3M | ﹤0.01% |
568,600
-682,700
| -55% | -$22.6M |
|
2085
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$103M
| $22.3M | ﹤0.01% |
633,000
-147,100
| -19% | -$4.6M |
|
2086
PUT
Fastenal
FAST
$58.7B
| $22.3M | ﹤0.01% |
556,300
+124,800
| +29% | +$5.25M |
|
2087
CALL
ARK Genomic Revolution ETF
ARKG
$1.95B
| $22.3M | ﹤0.01% |
770,100
+352,700
| +84% | +$10.6M |
|
2088
CALL
Clear Secure
YOU
$4.55B
| $22.3M | ﹤0.01% |
635,600
-117,600
| -16% | -$4M |
|
|
REVG
2089
DELISTED
REV Group
REVG
| $22.3M | ﹤0.01% |
366,275
+253,789
| +226% | +$14.2M |
|
2090
CALL
Gartner
IT
$12.2B
| $22.3M | ﹤0.01% |
88,200
+1,400
| +2% | +$337K |
|
2091
State Street Technology Select Sector SPDR ETF
XLK
$119B
| $22.2M | ﹤0.01% |
154,367
+56,971
| +58% | +$8.23M |
|
2092
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $22.2M | ﹤0.01% |
635,935
+14,050
| +2% | +$472K |
|
2093
CALL
Zions Bancorporation
ZION
$9.97B
| $22.2M | ﹤0.01% |
378,400
+91,700
| +32% | +$4.99M |
|
2094
CALL
EPAM Systems
EPAM
$5.64B
| $22.1M | ﹤0.01% |
108,100
+19,200
| +22% | +$3.42M |
|
2095
Vanguard Long-Term Bond ETF
BLV
$5.77B
| $22.1M | ﹤0.01% |
+318,523
| New | +$22.5M |
|
|
CIVI
2096
DELISTED
Civitas Resources
CIVI
| $22.1M | ﹤0.01% |
814,798
-137,952
| -14% | -$3.99M |
|
2097
PUT
Scorpio Tankers
STNG
$3.75B
| $22.1M | ﹤0.01% |
434,200
-135,600
| -24% | -$7.74M |
|
2098
CALL
Ecolab
ECL
$81.5B
| $22.1M | ﹤0.01% |
84,000
-9,500
| -10% | -$2.53M |
|
2099
PUT
Valaris
VAL
$5.8B
| $22M | ﹤0.01% |
437,400
-224,000
| -34% | -$12M |
|
2100
PUT
Arrowhead Research
ARWR
$12.6B
| $22M | ﹤0.01% |
331,500
+172,000
| +108% | +$8.43M |
|
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.