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 | Miscellaneous | 94.23% |
| 2 | Technology | 1.7% |
| 3 | Consumer Discretionary | 0.84% |
| 4 | Communication Services | 0.67% |
| 5 | Financials | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
Amcor
AMCR
$21.8B
| $18.9M | ﹤0.01% |
453,118
+328,803
| +264% | +$13.6M |
|
2277
PUT
Dutch Bros
BROS
$7.07B
| $18.9M | ﹤0.01% |
308,400
-166,700
| -35% | -$9.47M |
|
2278
PUT
IQVIA
IQV
$43.5B
| $18.9M | ﹤0.01% |
83,700
-69,000
| -45% | -$15M |
|
2279
Genmab
GMAB
$20.8B
| $18.9M | ﹤0.01% |
612,323
+594,371
| +3,311% | +$18.5M |
|
2280
PUT
DHT Holdings
DHT
$3.11B
| $18.8M | ﹤0.01% |
1,539,700
+685,400
| +80% | +$8.63M |
|
2281
CALL
Elbit Systems
ESLT
$33.7B
| $18.8M | ﹤0.01% |
32,500
+7,100
| +28% | +$3.56M |
|
2282
PUT
Infosys
INFY
$48B
| $18.8M | ﹤0.01% |
1,052,900
-299,400
| -22% | -$5.18M |
|
2283
PUT
Raymond James Financial
RJF
$33.8B
| $18.7M | ﹤0.01% |
116,700
-77,200
| -40% | -$12.5M |
|
2284
Targa Resources
TRGP
$61.1B
| $18.7M | ﹤0.01% |
101,566
+49,472
| +95% | +$8.33M |
|
|
EMBJ
2285
PUT
Embraer S.A. ADS
EMBJ
$13.4B
| $18.7M | ﹤0.01% |
290,900
-178,000
| -38% | -$11.2M |
|
|
KLAR
2286
CALL
Klarna Group
KLAR
$5.44B
| $18.7M | ﹤0.01% |
647,100
+534,800
| +476% | +$18.4M |
|
2287
PUT
iShares MSCI South Africa ETF
EZA
$594M
| $18.7M | ﹤0.01% |
271,900
+254,600
| +1,472% | +$16.9M |
|
2288
PUT
Moody's
MCO
$89.4B
| $18.7M | ﹤0.01% |
36,600
-49,500
| -57% | -$24.2M |
|
2289
PUT
Invitation Homes
INVH
$17.5B
| $18.7M | ﹤0.01% |
672,000
+576,500
| +604% | +$16.1M |
|
2290
CALL
Restaurant Brands International
QSR
$27.4B
| $18.7M | ﹤0.01% |
273,400
-94,400
| -26% | -$6.51M |
|
2291
CALL
Red Cat Holdings
RCAT
$1.42B
| $18.7M | ﹤0.01% |
2,352,300
+1,065,100
| +83% | +$10.2M |
|
2292
CALL
CF Industries
CF
$18.6B
| $18.6M | ﹤0.01% |
240,900
+2,800
| +1% | +$230K |
|
2293
CALL
Leidos
LDOS
$17.4B
| $18.6M | ﹤0.01% |
103,200
-42,100
| -29% | -$7.98M |
|
2294
PUT
iShares National Muni Bond ETF
MUB
$45.6B
| $18.6M | ﹤0.01% |
173,700
-69,600
| -29% | -$7.45M |
|
2295
PUT
Old Dominion Freight Line
ODFL
$41.3B
| $18.6M | ﹤0.01% |
118,500
-59,800
| -34% | -$8.57M |
|
2296
CALL
Crinetics Pharmaceuticals
CRNX
$9B
| $18.5M | ﹤0.01% |
398,400
+154,500
| +63% | +$6.88M |
|
2297
PUT
Copart
CPRT
$30.2B
| $18.5M | ﹤0.01% |
471,800
+56,800
| +14% | +$2.36M |
|
2298
CALL
Rambus
RMBS
$9.84B
| $18.5M | ﹤0.01% |
201,000
-243,100
| -55% | -$23.9M |
|
2299
CALL
Casey's General Stores
CASY
$28.9B
| $18.5M | ﹤0.01% |
33,400
-66,900
| -67% | -$36.8M |
|
2300
PUT
Impinj
PI
$5.05B
| $18.4M | ﹤0.01% |
106,000
+61,500
| +138% | +$11M |
|
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 Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.