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 | |
|---|---|---|---|---|---|---|
2426
Oscar Health
OSCR
$9.55B
| $16.5M | ﹤0.01% |
1,146,885
-801,533
| -41% | -$13.9M |
|
2427
CALL
Expeditors International
EXPD
$24.8B
| $16.5M | ﹤0.01% |
110,500
+1,900
| +2% | +$259K |
|
2428
PUT
2x Long VIX Futures ETF
UVIX
$211M
| $16.5M | ﹤0.01% |
144,065
+67,650
| +89% | +$12.4M |
|
2429
First Trust Utilities AlphaDEX Fund
FXU
$803M
| $16.4M | ﹤0.01% |
365,290
+357,112
| +4,367% | +$16.5M |
|
2430
CALL
International Flavors & Fragrances
IFF
$22.2B
| $16.4M | ﹤0.01% |
243,800
-27,200
| -10% | -$1.76M |
|
2431
CALL
Structure Therapeutics
GPCR
$3.54B
| $16.4M | ﹤0.01% |
236,100
-800
| -0.3% | -$32.7K |
|
|
2432
CALL
2x Long VIX Futures ETF
UVIX
$211M
| $16.4M | ﹤0.01% |
143,760
+37,590
| +35% | +$6.88M |
|
2433
Ameriprise Financial
AMP
$49.2B
| $16.4M | ﹤0.01% |
33,424
+6,016
| +22% | +$2.85M |
|
2434
Golar LNG
GLNG
$5.29B
| $16.4M | ﹤0.01% |
440,423
+47,731
| +12% | +$1.82M |
|
2435
Intercontinental Exchange
ICE
$91B
| $16.4M | ﹤0.01% |
101,120
+27,409
| +37% | +$4.29M |
|
2436
PUT
Brinker International
EAT
$10B
| $16.3M | ﹤0.01% |
113,900
-213,900
| -65% | -$28M |
|
2437
Direxion Daily Financial Bull 3x ETF
FAS
$2.41B
| $16.3M | ﹤0.01% |
97,095
+75,406
| +348% | +$12.5M |
|
|
KLAR
2438
PUT
Klarna Group
KLAR
$5.39B
| $16.3M | ﹤0.01% |
565,200
+382,000
| +209% | +$13.1M |
|
2439
Dycom Industries
DY
$9.29B
| $16.3M | ﹤0.01% |
+48,311
| New | +$15.2M |
|
2440
CALL
Urban Outfitters
URBN
$6.83B
| $16.3M | ﹤0.01% |
216,700
-130,500
| -38% | -$9.23M |
|
|
WCN
2441
PUT
Waste Connections
WCN
$41.7B
| $16.3M | ﹤0.01% |
93,000
+71,800
| +339% | +$12.4M |
|
2442
CALL
Direxion Daily FTSE China Bear 3X ETF
YANG
$104M
| $16.3M | ﹤0.01% |
648,200
+123,000
| +23% | +$2.89M |
|
2443
PUT
Global X Copper Miners ETF NEW
COPX
$8.81B
| $16.3M | ﹤0.01% |
226,800
+114,900
| +103% | +$7.36M |
|
2444
CALL
Gilat Satellite Networks
GILT
$798M
| $16.3M | ﹤0.01% |
1,256,800
-189,900
| -13% | -$2.44M |
|
2445
PUT
Martin Marietta Materials
MLM
$37.5B
| $16.3M | ﹤0.01% |
26,100
-14,900
| -36% | -$9.27M |
|
|
BTC
2446
Grayscale Bitcoin Mini Trust ETF
BTC
$4.28B
| $16.2M | ﹤0.01% |
419,315
+369,361
| +739% | +$16.4M |
|
2447
Nektar Therapeutics
NKTR
$2.55B
| $16.2M | ﹤0.01% |
383,310
-541,586
| -59% | -$30.3M |
|
2448
Roper Technologies
ROP
$41.6B
| $16.2M | ﹤0.01% |
36,404
+10,989
| +43% | +$5.09M |
|
2449
Revvity
RVTY
$14.4B
| $16.2M | ﹤0.01% |
167,485
+130,512
| +353% | +$12.5M |
|
2450
CALL
Consolidated Edison
ED
$39.5B
| $16.2M | ﹤0.01% |
163,100
-93,300
| -36% | -$9.26M |
|
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.