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 | |
|---|---|---|---|---|---|---|
2226
PUT
Ormat Technologies
ORA
$6.39B
| $19.7M | ﹤0.01% |
178,400
-287,700
| -62% | -$31.5M |
|
|
STUB
2227
CALL
StubHub Holdings
STUB
$2.51B
| $19.7M | ﹤0.01% |
1,455,000
+1,229,900
| +546% | +$19.3M |
|
2228
CALL
Entergy
ETR
$49.8B
| $19.7M | ﹤0.01% |
212,700
-13,100
| -6% | -$1.24M |
|
2229
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$24.6B
| $19.6M | ﹤0.01% |
78,500
-95,100
| -55% | -$23.9M |
|
2230
CALL
Bath & Body Works
BBWI
$3.64B
| $19.6M | ﹤0.01% |
978,500
+208,100
| +27% | +$4.59M |
|
2231
CALL
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$54.6B
| $19.6M | ﹤0.01% |
183,900
+57,600
| +46% | +$6.11M |
|
2232
CALL
Conagra Brands
CAG
$7.66B
| $19.6M | ﹤0.01% |
1,132,500
-97,300
| -8% | -$1.73M |
|
|
EMBJ
2233
CALL
Embraer S.A. ADS
EMBJ
$13.3B
| $19.6M | ﹤0.01% |
304,500
-277,600
| -48% | -$17.4M |
|
2234
CALL
Sony
SONY
$140B
| $19.6M | ﹤0.01% |
765,600
+275,300
| +56% | +$7.73M |
|
|
GRMN
2235
CALL
Garmin
GRMN
$56B
| $19.6M | ﹤0.01% |
96,600
-62,900
| -39% | -$13.7M |
|
2236
PUT
Sprott Uranium Miners ETF
URNM
$2.25B
| $19.6M | ﹤0.01% |
356,700
+162,300
| +83% | +$9.38M |
|
2237
Fidelity High Dividend ETF
FDVV
$10.4B
| $19.6M | ﹤0.01% |
345,144
-321,371
| -48% | -$18.1M |
|
2238
PUT
Sibanye-Stillwater
SBSW
$8.52B
| $19.6M | ﹤0.01% |
1,372,000
+167,800
| +14% | +$2.03M |
|
2239
CALL
Valaris
VAL
$5.8B
| $19.6M | ﹤0.01% |
387,900
-93,700
| -19% | -$5.03M |
|
2240
PUT
Alpha Metallurgical Resources
AMR
$2.83B
| $19.5M | ﹤0.01% |
97,800
-138,500
| -59% | -$23.9M |
|
2241
US Global Jets ETF
JETS
$794M
| $19.5M | ﹤0.01% |
696,288
-580,728
| -45% | -$15.1M |
|
2242
PUT
Citizens Financial Group
CFG
$29.3B
| $19.5M | ﹤0.01% |
333,700
-34,500
| -9% | -$1.85M |
|
2243
Markel Group
MKL
$22.2B
| $19.5M | ﹤0.01% |
9,065
-9,434
| -51% | -$19.1M |
|
2244
Prologis
PLD
$135B
| $19.5M | ﹤0.01% |
152,639
-17,117
| -10% | -$2.13M |
|
2245
CALL
Teladoc Health
TDOC
$1.16B
| $19.4M | ﹤0.01% |
2,778,000
+1,539,200
| +124% | +$12.1M |
|
2246
CALL
LPL Financial
LPLA
$28.3B
| $19.4M | ﹤0.01% |
54,400
-50,000
| -48% | -$17.7M |
|
2247
CALL
SSR Mining
SSRM
$7.79B
| $19.4M | ﹤0.01% |
885,200
-228,500
| -21% | -$5.09M |
|
2248
CALL
Churchill Downs
CHDN
$6.02B
| $19.4M | ﹤0.01% |
170,200
+127,000
| +294% | +$13.2M |
|
|
GTLS
2249
CALL
DELISTED
Chart Industries
GTLS
| $19.4M | ﹤0.01% |
93,900
+70,500
| +301% | +$14.3M |
|
|
RNAM
2250
DELISTED
Avidity Biosciences
RNAM
| $19.4M | ﹤0.01% |
268,393
+223,034
| +492% | +$14.4M |
|
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.