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 | |
|---|---|---|---|---|---|---|
2201
argenx
ARGX
$65.8B
| $20.1M | ﹤0.01% |
+23,959
| New | +$20.5M |
|
2202
PUT
F5
FFIV
$23.3B
| $20.1M | ﹤0.01% |
78,900
+45,000
| +133% | +$12.1M |
|
2203
CALL
Albertsons Companies
ACI
$5.96B
| $20.1M | ﹤0.01% |
1,172,500
-317,500
| -21% | -$5.66M |
|
2204
CALL
Lamb Weston
LW
$7.61B
| $20.1M | ﹤0.01% |
480,500
-320,400
| -40% | -$18.9M |
|
2205
Ecolab
ECL
$80.1B
| $20.1M | ﹤0.01% |
76,666
+46,977
| +158% | +$12.5M |
|
2206
PUT
MasTec
MTZ
$19.9B
| $20.1M | ﹤0.01% |
92,500
-122,700
| -57% | -$25.7M |
|
2207
Intuitive Machines
LUNR
$2.59B
| $20.1M | ﹤0.01% |
1,238,384
-578,774
| -32% | -$6.7M |
|
2208
PUT
Paycom
PAYC
$10.7B
| $20M | ﹤0.01% |
125,700
-11,000
| -8% | -$1.95M |
|
2209
CALL
iShares MSCI China ETF
MCHI
$6.21B
| $20M | ﹤0.01% |
332,700
-225,800
| -40% | -$14.2M |
|
2210
Vanguard Morningstar Total Stock Market ETF
VTI
$687B
| $20M | ﹤0.01% |
+59,571
| New | +$19.8M |
|
2211
PUT
Insulet
PODD
$9.87B
| $20M | ﹤0.01% |
70,200
-152,300
| -68% | -$47.6M |
|
2212
CALL
Rush Street Interactive
RSI
$3.03B
| $19.9M | ﹤0.01% |
1,026,200
+311,000
| +43% | +$5.75M |
|
2213
CALL
Omeros
OMER
$1.35B
| $19.9M | ﹤0.01% |
1,159,600
+604,100
| +109% | +$5.2M |
|
2214
D.R. Horton
DHI
$41B
| $19.9M | ﹤0.01% |
138,264
-108,841
| -44% | -$16.6M |
|
2215
PUT
Quest Diagnostics
DGX
$27.2B
| $19.9M | ﹤0.01% |
114,400
-157,000
| -58% | -$28.6M |
|
2216
Equinix
EQIX
$107B
| $19.9M | ﹤0.01% |
25,909
+10,749
| +71% | +$8.43M |
|
2217
CALL
Eastman Chemical
EMN
$8.27B
| $19.8M | ﹤0.01% |
310,200
+180,100
| +138% | +$11.1M |
|
|
BNY
2218
Bank of New York Mellon
BNY
$110B
| $19.8M | ﹤0.01% |
170,557
-42,314
| -20% | -$4.68M |
|
2219
Dutch Bros
BROS
$7.13B
| $19.8M | ﹤0.01% |
323,375
-281,640
| -47% | -$16M |
|
2220
PUT
GSK
GSK
$101B
| $19.8M | ﹤0.01% |
403,400
-241,900
| -37% | -$11.3M |
|
2221
PUT
Baxter International
BAX
$13.6B
| $19.8M | ﹤0.01% |
1,034,800
-470,300
| -31% | -$9.41M |
|
2222
CALL
Old Dominion Freight Line
ODFL
$41.1B
| $19.8M | ﹤0.01% |
126,100
-154,800
| -55% | -$22.2M |
|
2223
CALL
Polaris
PII
$3.6B
| $19.8M | ﹤0.01% |
312,600
-11,100
| -3% | -$731K |
|
2224
PUT
DigitalOcean
DOCN
$14.2B
| $19.8M | ﹤0.01% |
410,800
+64,700
| +19% | +$2.85M |
|
|
SPYM
2225
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$171B
| $19.7M | ﹤0.01% |
246,000
-10,400
| -4% | -$827K |
|
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.