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 | |
|---|---|---|---|---|---|---|
2351
PUT
Fidelity National Information Services
FIS
$21B
| $17.5M | ﹤0.01% |
264,000
-579,000
| -69% | -$38.2M |
|
2352
PUT
Guidewire Software
GWRE
$16.8B
| $17.5M | ﹤0.01% |
87,200
+37,100
| +74% | +$8.21M |
|
2353
CALL
Ouster
OUST
$2.63B
| $17.5M | ﹤0.01% |
808,700
+139,300
| +21% | +$3.68M |
|
2354
Omnicom Group
OMC
$24.3B
| $17.5M | ﹤0.01% |
216,718
+181,004
| +507% | +$13.8M |
|
2355
iShares US Home Construction ETF
ITB
$2.23B
| $17.5M | ﹤0.01% |
181,677
-8,339
| -4% | -$842K |
|
2356
CALL
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.28B
| $17.5M | ﹤0.01% |
27,908
+13,332
| +91% | +$9.79M |
|
2357
PUT
Mid-America Apartment Communities
MAA
$15B
| $17.5M | ﹤0.01% |
125,700
-60,200
| -32% | -$8.02M |
|
|
PR
2358
CALL
Permian Resources
PR
$19.1B
| $17.4M | ﹤0.01% |
1,241,600
+7,600
| +0.6% | +$102K |
|
2359
PUT
Kratos Defense & Security Solutions
KTOS
$10B
| $17.4M | ﹤0.01% |
228,900
-576,400
| -72% | -$47.2M |
|
2360
CALL
Nektar Therapeutics
NKTR
$2.56B
| $17.4M | ﹤0.01% |
410,600
+99,600
| +32% | +$5.57M |
|
2361
Tapestry
TPR
$24.8B
| $17.3M | ﹤0.01% |
135,684
-60,938
| -31% | -$6.97M |
|
2362
PUT
BILL Holdings
BILL
$4.87B
| $17.3M | ﹤0.01% |
317,500
-593,200
| -65% | -$30.5M |
|
2363
Moody's
MCO
$88.8B
| $17.3M | ﹤0.01% |
33,891
-19,982
| -37% | -$9.75M |
|
2364
Zillow
ZG
$8.14B
| $17.3M | ﹤0.01% |
253,590
-314,118
| -55% | -$22.1M |
|
2365
PUT
Sable Offshore Corp
SOC
$863M
| $17.3M | ﹤0.01% |
1,917,600
-2,149,500
| -53% | -$20.3M |
|
2366
PUT
Amcor
AMCR
$21.6B
| $17.3M | ﹤0.01% |
414,400
+347,760
| +522% | +$14.3M |
|
2367
CALL
Global X Copper Miners ETF NEW
COPX
$8.8B
| $17.2M | ﹤0.01% |
240,100
-166,300
| -41% | -$10.7M |
|
2368
CALL
Cenovus Energy
CVE
$58.1B
| $17.2M | ﹤0.01% |
1,018,200
-1,242,600
| -55% | -$21.6M |
|
2369
Cardinal Health
CAH
$54.6B
| $17.2M | ﹤0.01% |
83,762
+5,693
| +7% | +$1.07M |
|
2370
CALL
Lithia Motors
LAD
$8.16B
| $17.2M | ﹤0.01% |
51,700
+45,700
| +762% | +$14.5M |
|
2371
C3.ai
AI
$1.63B
| $17.2M | ﹤0.01% |
1,273,280
-2,030,540
| -61% | -$32.4M |
|
2372
Fidelity Total Bond ETF
FBND
$28.3B
| $17.1M | ﹤0.01% |
+371,856
| New | +$17.3M |
|
2373
LyondellBasell Industries
LYB
$20.2B
| $17.1M | ﹤0.01% |
394,876
+318,586
| +418% | +$14.4M |
|
2374
PUT
Dave Inc
DAVE
$4.74B
| $17.1M | ﹤0.01% |
77,200
-181,100
| -70% | -$39M |
|
2375
CALL
Dover
DOV
$27.4B
| $17.1M | ﹤0.01% |
87,500
-100,200
| -53% | -$18.3M |
|
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.