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 | |
|---|---|---|---|---|---|---|
2451
PUT
Sony
SONY
$140B
| $16.2M | ﹤0.01% |
632,400
+161,600
| +34% | +$4.54M |
|
2452
Sharplink Inc
SBET
$1.92B
| $16.2M | ﹤0.01% |
1,810,344
-2,777,538
| -61% | -$33.9M |
|
2453
CALL
Hawaiian Electric Industries
HE
$1.99B
| $16.2M | ﹤0.01% |
1,314,800
-130,600
| -9% | -$1.51M |
|
2454
PUT
AES
AES
$10.5B
| $16.1M | ﹤0.01% |
1,125,700
-1,188,900
| -51% | -$16.8M |
|
2455
CALL
Logitech
LOGI
$13.9B
| $16.1M | ﹤0.01% |
161,000
+49,700
| +45% | +$5.59M |
|
2456
PACS Group
PACS
$7.01B
| $16.1M | ﹤0.01% |
420,218
+309,006
| +278% | +$6.78M |
|
2457
CALL
JFrog
FROG
$12.8B
| $16.1M | ﹤0.01% |
258,000
+122,700
| +91% | +$6.98M |
|
2458
PUT
Urban Outfitters
URBN
$6.83B
| $16.1M | ﹤0.01% |
213,600
-31,400
| -13% | -$2.22M |
|
|
VSXY
2459
PUT
Victoria's Secret
VSXY
$7.12B
| $16.1M | ﹤0.01% |
296,700
-95,800
| -24% | -$3.81M |
|
2460
CALL
Ralph Lauren
RL
$21B
| $16.1M | ﹤0.01% |
45,400
-57,300
| -56% | -$19.5M |
|
2461
PUT
KE Holdings
BEKE
$19.6B
| $16M | ﹤0.01% |
1,017,900
-178,700
| -15% | -$3.07M |
|
2462
Diageo
DEO
$51.3B
| $16M | ﹤0.01% |
185,824
+30,591
| +20% | +$2.82M |
|
2463
GitLab
GTLB
$7.47B
| $16M | ﹤0.01% |
426,916
-2,062,794
| -83% | -$89.3M |
|
|
SGI
2464
CALL
Somnigroup International
SGI
$13.1B
| $16M | ﹤0.01% |
179,300
+18,500
| +12% | +$1.62M |
|
2465
PUT
Check Point Software Technologies
CHKP
$13.7B
| $16M | ﹤0.01% |
86,200
+8,600
| +11% | +$1.66M |
|
2466
NetApp
NTAP
$37.1B
| $16M | ﹤0.01% |
149,272
+87,252
| +141% | +$9.96M |
|
2467
CALL
iShares TIPS Bond ETF
TIP
$15.1B
| $16M | ﹤0.01% |
145,300
+15,500
| +12% | +$1.72M |
|
2468
iShares US Real Estate ETF
IYR
$4.6B
| $16M | ﹤0.01% |
170,072
+20,647
| +14% | +$1.97M |
|
2469
CALL
Compass
COMP
$8.47B
| $16M | ﹤0.01% |
1,509,800
+574,500
| +61% | +$5.24M |
|
|
PPTA
2470
PUT
Perpetua Resources
PPTA
$3.25B
| $15.9M | ﹤0.01% |
658,800
+217,200
| +49% | +$5.34M |
|
2471
Herbalife
HLF
$1.31B
| $15.9M | ﹤0.01% |
1,236,268
+410,876
| +50% | +$4.35M |
|
2472
CALL
Tidewater
TDW
$4.64B
| $15.9M | ﹤0.01% |
315,000
+68,300
| +28% | +$3.61M |
|
2473
Shift4
FOUR
$3.45B
| $15.9M | ﹤0.01% |
252,395
-173,060
| -41% | -$12.2M |
|
2474
CALL
ProShares Ultra S&P500
SSO
$8.51B
| $15.9M | ﹤0.01% |
273,800
-172,600
| -39% | -$9.88M |
|
2475
CALL
Millicom
TIGO
$15.6B
| $15.8M | ﹤0.01% |
285,500
+23,200
| +9% | +$1.17M |
|
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.