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 | |
|---|---|---|---|---|---|---|
251
PUT
ExxonMobil
XOM
$679B
| $532M | 0.06% |
4,420,600
-1,678,100
| -28% | -$195M |
|
252
PUT
Blackrock
BLK
$179B
| $529M | 0.06% |
493,800
-84,500
| -15% | -$92.4M |
|
253
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $527M | 0.06% |
8,131,500
-3,068,500
| -27% | -$193M |
|
254
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $523M | 0.06% |
13,656,500
+5,517,900
| +68% | +$219M |
|
255
PUT
Starbucks
SBUX
$122B
| $516M | 0.06% |
6,126,300
+1,786,500
| +41% | +$151M |
|
|
256
Walmart Inc
WMT
$825B
| $516M | 0.06% |
4,629,398
+3,772,382
| +440% | +$405M |
|
257
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $506M | 0.06% |
3,270,600
-62,300
| -2% | -$9.33M |
|
258
CALL
United Parcel Service
UPS
$86.8B
| $505M | 0.06% |
5,094,800
-899,700
| -15% | -$84.2M |
|
259
CALL
Coca-Cola
KO
$392B
| $505M | 0.06% |
7,225,500
-15,000
| -0.2% | -$1.05M |
|
260
CALL
AutoZone
AZO
$48.3B
| $504M | 0.06% |
148,500
+41,500
| +39% | +$157M |
|
|
ECHO
261
CALL
EchoStar
ECHO
$25.2B
| $499M | 0.06% |
4,588,100
-1,265,200
| -22% | -$103M |
|
262
PUT
Celestica
CLS
$37.4B
| $495M | 0.06% |
1,674,600
+689,900
| +70% | +$208M |
|
263
CALL
Synopsys
SNPS
$76.2B
| $495M | 0.06% |
1,053,800
-432,700
| -29% | -$192M |
|
264
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $494M | 0.06% |
639,600
+15,400
| +2% | +$10.5M |
|
265
CALL
Apollo Global Management
APO
$78.4B
| $487M | 0.06% |
3,361,900
+407,900
| +14% | +$54.2M |
|
266
PUT
PepsiCo
PEP
$196B
| $481M | 0.06% |
3,351,800
-2,614,200
| -44% | -$384M |
|
|
B
267
CALL
Barrick Mining
B
$78.3B
| $481M | 0.06% |
11,034,900
-2,595,800
| -19% | -$97.4M |
|
268
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $479M | 0.06% |
6,172,500
-8,668,800
| -58% | -$677M |
|
269
PUT
GE Aerospace
GE
$361B
| $479M | 0.06% |
1,554,800
-518,700
| -25% | -$156M |
|
270
PUT
MongoDB
MDB
$34.7B
| $478M | 0.06% |
1,139,400
-831,400
| -42% | -$302M |
|
271
PUT
Vistra
VST
$45.7B
| $477M | 0.05% |
2,954,700
-679,100
| -19% | -$124M |
|
|
272
CALL
Vistra
VST
$45.7B
| $473M | 0.05% |
2,934,600
-767,300
| -21% | -$140M |
|
|
273
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $471M | 0.05% |
610,500
-47,800
| -7% | -$32.5M |
|
274
CALL
Accenture
ACN
$113B
| $471M | 0.05% |
1,754,600
-76,300
| -4% | -$19.4M |
|
275
PUT
Arista Networks
ANET
$238B
| $469M | 0.05% |
3,581,000
+1,322,600
| +59% | +$182M |
|
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.