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 | |
|---|---|---|---|---|---|---|
376
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $329M | 0.04% |
8,885,300
-1,566,000
| -15% | -$56.6M |
|
377
CALL
Affirm
AFRM
$25.8B
| $324M | 0.04% |
4,349,900
-1,529,800
| -26% | -$110M |
|
|
OKLO
378
CALL
Oklo
OKLO
$7.83B
| $322M | 0.04% |
4,492,400
-775,300
| -15% | -$86.5M |
|
379
CALL
Cigna
CI
$73.3B
| $322M | 0.04% |
1,170,000
+388,900
| +50% | +$109M |
|
380
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $321M | 0.04% |
7,525,200
-893,000
| -11% | -$39.5M |
|
381
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $321M | 0.04% |
958,000
+202,100
| +27% | +$67.2M |
|
382
PUT
Roku
ROKU
$23.4B
| $321M | 0.04% |
2,958,700
+245,100
| +9% | +$24.9M |
|
383
CALL
Agnico Eagle Mines
AEM
$109B
| $320M | 0.04% |
1,887,500
-1,084,300
| -36% | -$182M |
|
384
Citigroup
C
$221B
| $318M | 0.04% |
2,723,124
+1,861,203
| +216% | +$193M |
|
385
CALL
Centene
CNC
$32.1B
| $314M | 0.04% |
7,635,000
+884,700
| +13% | +$33.1M |
|
386
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $313M | 0.04% |
1,040,000
+201,600
| +24% | +$59.4M |
|
387
Booking.com
BKNG
$158B
| $313M | 0.04% |
1,461,125
+562,025
| +63% | +$116M |
|
|
BMNR
388
PUT
BitMine Immersion Technologies
BMNR
$13.8B
| $313M | 0.04% |
11,511,700
+1,465,200
| +15% | +$59.4M |
|
389
CALL
NextEra Energy
NEE
$174B
| $312M | 0.04% |
3,887,900
-811,200
| -17% | -$67.2M |
|
390
PUT
AT&T
T
$173B
| $310M | 0.04% |
12,477,900
-1,898,800
| -13% | -$48.1M |
|
391
PUT
Dollar General
DG
$27.2B
| $309M | 0.04% |
2,329,400
+358,400
| +18% | +$40M |
|
392
CALL
GameStop
GME
$8.17B
| $309M | 0.04% |
15,396,200
+5,385,900
| +54% | +$121M |
|
393
PUT
United Rentals
URI
$68.4B
| $308M | 0.04% |
380,600
+82,900
| +28% | +$72M |
|
394
SoFi Technologies
SOFI
$24.4B
| $307M | 0.04% |
11,741,626
+998,512
| +9% | +$27.8M |
|
395
PUT
Zscaler
ZS
$29.4B
| $307M | 0.04% |
1,363,200
+409,800
| +43% | +$116M |
|
396
Global X Uranium ETF
URA
$6.46B
| $306M | 0.04% |
7,169,349
+6,148,140
| +602% | +$297M |
|
397
CALL
W.W. Grainger
GWW
$61.8B
| $306M | 0.04% |
302,900
-36,900
| -11% | -$35.8M |
|
398
Applied Materials
AMAT
$391B
| $305M | 0.04% |
1,184,929
+710,093
| +150% | +$170M |
|
399
CALL
DraftKings
DKNG
$13B
| $302M | 0.03% |
8,768,900
+962,900
| +12% | +$31.7M |
|
400
CALL
Ulta Beauty
ULTA
$22.4B
| $301M | 0.03% |
497,100
+88,700
| +22% | +$48.8M |
|
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.