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 | |
|---|---|---|---|---|---|---|
|
PTIR
2126
CALL
GraniteShares 2x Long PLTR Daily ETF
PTIR
$353M
| $21.5M | ﹤0.01% |
805,500
-173,400
| -18% | -$5.28M |
|
2127
Ulta Beauty
ULTA
$23.4B
| $21.5M | ﹤0.01% |
35,560
+8,962
| +34% | +$4.93M |
|
2128
CALL
SELLAS Life Sciences
SLS
$2.77B
| $21.5M | ﹤0.01% |
5,695,500
+2,907,400
| +104% | +$5.65M |
|
2129
Sprott Uranium Miners ETF
URNM
$2.26B
| $21.5M | ﹤0.01% |
391,032
+80,761
| +26% | +$4.67M |
|
2130
CALL
Copart
CPRT
$30.2B
| $21.4M | ﹤0.01% |
547,300
-151,000
| -22% | -$6.26M |
|
2131
CALL
DHT Holdings
DHT
$2.95B
| $21.4M | ﹤0.01% |
1,754,500
+992,500
| +130% | +$12.5M |
|
2132
PUT
NEOS Nasdaq 100 High Income ETF
QQQI
$14.1B
| $21.4M | ﹤0.01% |
397,700
+150,400
| +61% | +$8.19M |
|
2133
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $21.4M | ﹤0.01% |
332,100
-124,500
| -27% | -$7.86M |
|
2134
Republic Services
RSG
$68B
| $21.4M | ﹤0.01% |
100,856
+25,245
| +33% | +$5.43M |
|
2135
CALL
TripAdvisor
TRIP
$1.16B
| $21.3M | ﹤0.01% |
1,462,600
+38,200
| +3% | +$581K |
|
|
MRSH
2136
CALL
Marsh
MRSH
$92.2B
| $21.3M | ﹤0.01% |
114,700
-4,500
| -4% | -$841K |
|
2137
PUT
Stellantis
STLA
$19.4B
| $21.3M | ﹤0.01% |
1,953,100
+97,400
| +5% | +$1.05M |
|
2138
PUT
Direxion Daily GOOGL Bull 2X ETF
GGLL
$975M
| $21.2M | ﹤0.01% |
219,300
-58,500
| -21% | -$4.98M |
|
2139
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.75B
| $21.2M | ﹤0.01% |
168,263
+2,721
| +2% | +$352K |
|
2140
CALL
Exelon
EXC
$45.8B
| $21.2M | ﹤0.01% |
486,600
-283,600
| -37% | -$12.9M |
|
2141
iShares MSCI Canada ETF
EWC
$6.91B
| $21.1M | ﹤0.01% |
391,949
+297,074
| +313% | +$15.4M |
|
|
DQ
2142
CALL
Daqo New Energy
DQ
$915M
| $21.1M | ﹤0.01% |
716,300
+170,400
| +31% | +$5.2M |
|
2143
Take-Two Interactive
TTWO
$43.7B
| $21.1M | ﹤0.01% |
82,445
-90,599
| -52% | -$22.6M |
|
2144
CALL
Option Care Health
OPCH
$3.6B
| $21.1M | ﹤0.01% |
662,500
+523,800
| +378% | +$15.4M |
|
2145
PUT
Copa Holdings
CPA
$5.99B
| $21.1M | ﹤0.01% |
175,000
-16,300
| -9% | -$1.99M |
|
2146
CALL
Huntington Bancshares
HBAN
$34.4B
| $21.1M | ﹤0.01% |
1,215,700
+48,800
| +4% | +$801K |
|
|
MPT
2147
Medical Properties Trust
MPT
$2.44B
| $21.1M | ﹤0.01% |
4,217,586
+553,654
| +15% | +$2.88M |
|
2148
PUT
CDW
CDW
$17.7B
| $21M | ﹤0.01% |
154,300
-86,600
| -36% | -$12.8M |
|
2149
CALL
Praxis Precision Medicines
PRAX
$10.5B
| $21M | ﹤0.01% |
71,300
-30,100
| -30% | -$5.61M |
|
2150
CALL
Regions Financial
RF
$26.2B
| $21M | ﹤0.01% |
774,700
+42,900
| +6% | +$1.1M |
|
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.