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 | |
|---|---|---|---|---|---|---|
326
CALL
Blackrock
BLK
$179B
| $381M | 0.04% |
355,600
+109,200
| +44% | +$119M |
|
327
PUT
Royal Caribbean
RCL
$78.1B
| $380M | 0.04% |
1,363,700
-99,700
| -7% | -$28.2M |
|
328
PUT
Synopsys
SNPS
$76.2B
| $380M | 0.04% |
808,400
-654,400
| -45% | -$291M |
|
|
NVO
329
PUT
Novo Nordisk
NVO
$207B
| $377M | 0.04% |
7,411,000
+524,200
| +8% | +$26.8M |
|
|
CRCL
330
CALL
Circle Internet Group
CRCL
$22.3B
| $377M | 0.04% |
4,755,000
+895,900
| +23% | +$92.6M |
|
331
CALL
Humana
HUM
$45.5B
| $377M | 0.04% |
1,472,100
+322,100
| +28% | +$84.4M |
|
332
CALL
Procter & Gamble
PG
$336B
| $376M | 0.04% |
2,623,600
-504,900
| -16% | -$74.4M |
|
333
CALL
Lowe's Companies
LOW
$121B
| $374M | 0.04% |
1,551,600
-391,800
| -20% | -$94.1M |
|
334
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $373M | 0.04% |
2,402,500
+1,400,600
| +140% | +$216M |
|
335
PUT
RTX Corp
RTX
$283B
| $371M | 0.04% |
2,020,600
+43,700
| +2% | +$7.59M |
|
336
PUT
ARK Innovation ETF
ARKK
$6.72B
| $369M | 0.04% |
4,803,200
-4,231,400
| -47% | -$350M |
|
337
CALL
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.74B
| $365M | 0.04% |
12,443,100
-57,000
| -0.5% | -$1.72M |
|
338
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $365M | 0.04% |
11,947,000
+615,600
| +5% | +$17.2M |
|
339
CALL
KLA
KLAC
$240B
| $364M | 0.04% |
2,998,000
-420,000
| -12% | -$49.3M |
|
|
340
PUT
Procter & Gamble
PG
$336B
| $364M | 0.04% |
2,539,400
+475,000
| +23% | +$70M |
|
|
341
PUT
Lowe's Companies
LOW
$121B
| $364M | 0.04% |
1,508,200
-491,600
| -25% | -$118M |
|
342
CALL
Cloudflare
NET
$104B
| $359M | 0.04% |
1,821,400
+34,600
| +2% | +$7.32M |
|
343
PUT
Warner Bros
WBD
$71.6B
| $359M | 0.04% |
12,454,500
-1,283,700
| -9% | -$30M |
|
|
344
CALL
Royal Caribbean
RCL
$78.1B
| $359M | 0.04% |
1,286,800
-93,600
| -7% | -$26.4M |
|
345
CALL
Charter Communications
CHTR
$17.9B
| $358M | 0.04% |
1,717,300
+899,900
| +110% | +$202M |
|
346
PUT
Affirm
AFRM
$25.8B
| $358M | 0.04% |
4,814,200
-1,247,600
| -21% | -$89.8M |
|
347
Palantir
PLTR
$432B
| $357M | 0.04% |
2,010,321
+202,371
| +11% | +$36.6M |
|
348
PUT
JD.com
JD
$39.7B
| $357M | 0.04% |
12,425,200
+1,532,800
| +14% | +$47.9M |
|
349
CALL
Celestica
CLS
$37.4B
| $356M | 0.04% |
1,203,900
-111,500
| -8% | -$33.6M |
|
|
350
ARK Innovation ETF
ARKK
$6.72B
| $355M | 0.04% |
4,611,890
+3,071,158
| +199% | +$254M |
|
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.