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 | |
|---|---|---|---|---|---|---|
351
PUT
United Parcel Service
UPS
$86.8B
| $354M | 0.04% |
3,569,700
-751,400
| -17% | -$70.3M |
|
352
Goldman Sachs
GS
$303B
| $352M | 0.04% |
399,997
+237,885
| +147% | +$194M |
|
|
BMNR
353
CALL
BitMine Immersion Technologies
BMNR
$13.8B
| $351M | 0.04% |
12,923,700
+9,153,900
| +243% | +$371M |
|
354
CALL
Thermo Fisher Scientific
TMO
$233B
| $350M | 0.04% |
604,800
-331,000
| -35% | -$187M |
|
355
CALL
Rivian
RIVN
$24.6B
| $349M | 0.04% |
17,718,600
+4,317,100
| +32% | +$68.5M |
|
356
iShares Core S&P 500 ETF
IVV
$893B
| $349M | 0.04% |
509,843
+458,581
| +895% | +$311M |
|
357
CALL
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.92B
| $349M | 0.04% |
18,251,800
-5,300,300
| -23% | -$105M |
|
358
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $348M | 0.04% |
5,376,600
-3,794,600
| -41% | -$238M |
|
359
CALL
Bristol-Myers Squibb
BMY
$137B
| $348M | 0.04% |
6,459,100
-1,203,800
| -16% | -$57.9M |
|
360
PUT
Super Micro Computer
SMCI
$24.1B
| $347M | 0.04% |
11,870,000
-555,100
| -4% | -$22.9M |
|
361
Costco
COST
$420B
| $345M | 0.04% |
399,872
+100,298
| +33% | +$90.9M |
|
362
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $344M | 0.04% |
2,722,400
-1,086,800
| -29% | -$141M |
|
363
CALL
Albemarle
ALB
$16.9B
| $343M | 0.04% |
2,422,800
-673,400
| -22% | -$76.4M |
|
364
PUT
Rocket Lab Corp
RKLB
$46.4B
| $343M | 0.04% |
4,910,000
-914,000
| -16% | -$52.4M |
|
365
PUT
AST SpaceMobile
ASTS
$20.6B
| $340M | 0.04% |
4,678,100
-762,600
| -14% | -$54.4M |
|
366
PUT
TJX Companies
TJX
$155B
| $339M | 0.04% |
2,209,000
+196,700
| +10% | +$29.1M |
|
367
CALL
Capital One
COF
$134B
| $339M | 0.04% |
1,397,000
-242,500
| -15% | -$54M |
|
368
CALL
Blackstone
BX
$108B
| $338M | 0.04% |
2,193,000
-1,336,600
| -38% | -$203M |
|
369
Micron Technology
MU
$1.09T
| $338M | 0.04% |
1,184,009
+199,652
| +20% | +$45.8M |
|
370
CALL
Moderna
MRNA
$57.9B
| $334M | 0.04% |
11,335,400
+4,201,800
| +59% | +$114M |
|
371
PUT
Occidental Petroleum
OXY
$61.3B
| $333M | 0.04% |
8,108,600
+160,100
| +2% | +$6.68M |
|
|
TEM
372
CALL
Tempus AI
TEM
$13.1B
| $333M | 0.04% |
5,645,000
+735,200
| +15% | +$57.5M |
|
373
CALL
Airbnb
ABNB
$110B
| $332M | 0.04% |
2,443,800
+684,100
| +39% | +$85.2M |
|
374
CALL
Roblox
RBLX
$27.4B
| $331M | 0.04% |
4,084,700
-1,144,400
| -22% | -$122M |
|
375
CALL
FedEx
FDX
$76.9B
| $329M | 0.04% |
1,139,900
+274,600
| +32% | +$72.1M |
|
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.