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 | |
|---|---|---|---|---|---|---|
2176
CALL
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $20.5M | ﹤0.01% |
95,300
-81,200
| -46% | -$17M |
|
2177
PUT
Icahn Enterprises
IEP
$4.84B
| $20.4M | ﹤0.01% |
2,708,400
+1,547,600
| +133% | +$12.5M |
|
2178
Aflac
AFL
$58.9B
| $20.4M | ﹤0.01% |
185,434
+62,878
| +51% | +$6.93M |
|
2179
CALL
abrdn Physical Palladium Shares ETF
PALL
$689M
| $20.4M | ﹤0.01% |
702,500
+130,000
| +23% | +$3.5M |
|
2180
CALL
Public Storage
PSA
$59.3B
| $20.4M | ﹤0.01% |
78,700
-27,600
| -26% | -$7.72M |
|
2181
-1x Short VIX Futures ETF
SVIX
$159M
| $20.4M | ﹤0.01% |
842,052
-408,885
| -33% | -$8.4M |
|
2182
D-Wave Quantum Inc
QBTS
$6.52B
| $20.4M | ﹤0.01% |
779,431
+768,323
| +6,917% | +$22.4M |
|
|
CWAN
2183
PUT
DELISTED
Clearwater Analytics
CWAN
| $20.4M | ﹤0.01% |
844,500
+602,300
| +249% | +$12.1M |
|
2184
CALL
Globant
GLOB
$1.67B
| $20.3M | ﹤0.01% |
311,000
+258,000
| +487% | +$16.2M |
|
2185
Kaspi.kz JSC
KSPI
$20.5B
| $20.3M | ﹤0.01% |
259,810
+245,939
| +1,773% | +$18.6M |
|
2186
Oneok
OKE
$59.8B
| $20.3M | ﹤0.01% |
276,023
+166,066
| +151% | +$11.8M |
|
2187
CALL
StoneCo
STNE
$2.24B
| $20.3M | ﹤0.01% |
1,370,600
-1,319,900
| -49% | -$22.1M |
|
2188
CALL
Bank OZK
OZK
$5.39B
| $20.3M | ﹤0.01% |
440,300
+136,300
| +45% | +$6.38M |
|
2189
CALL
GlobalFoundries
GFS
$25.1B
| $20.3M | ﹤0.01% |
580,200
+353,500
| +156% | +$12.6M |
|
2190
PUT
WIX.com
WIX
$3.44B
| $20.2M | ﹤0.01% |
194,900
-39,900
| -17% | -$4.82M |
|
2191
CALL
Elastic
ESTC
$8.24B
| $20.2M | ﹤0.01% |
268,400
-176,800
| -40% | -$14.4M |
|
2192
CALL
The Mosaic Company
MOS
$7.68B
| $20.2M | ﹤0.01% |
840,100
-281,700
| -25% | -$7.59M |
|
2193
Nucor
NUE
$57.4B
| $20.2M | ﹤0.01% |
124,051
+1,422
| +1% | +$214K |
|
2194
PUT
Jazz Pharmaceuticals
JAZZ
$16.2B
| $20.2M | ﹤0.01% |
118,900
+12,200
| +11% | +$1.87M |
|
2195
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$19.3B
| $20.2M | ﹤0.01% |
480,263
+85,542
| +22% | +$3.57M |
|
2196
Halliburton
HAL
$28.7B
| $20.2M | ﹤0.01% |
714,200
-962,493
| -57% | -$25.4M |
|
2197
CALL
ProShares Ether Strategy ETF
EETH
$70.8M
| $20.2M | ﹤0.01% |
542,500
-552,900
| -50% | -$27.6M |
|
2198
AeroVironment
AVAV
$7.46B
| $20.2M | ﹤0.01% |
83,430
+70,508
| +546% | +$22.2M |
|
2199
CALL
Erie Indemnity
ERIE
$13.5B
| $20.2M | ﹤0.01% |
70,300
+49,000
| +230% | +$14.6M |
|
2200
CALL
Sterling Infrastructure
STRL
$15.2B
| $20.1M | ﹤0.01% |
65,800
-21,300
| -24% | -$7.34M |
|
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.