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 | |
|---|---|---|---|---|---|---|
426
CALL
Datadog
DDOG
$84.6B
| $274M | 0.03% |
2,014,200
-159,300
| -7% | -$25.2M |
|
427
PUT
Futu Holdings
FUTU
$17.3B
| $273M | 0.03% |
1,662,000
-472,600
| -22% | -$81.1M |
|
428
CALL
Vanguard Information Technology ETF
VGT
$145B
| $271M | 0.03% |
2,880,800
+1,252,800
| +77% | +$119M |
|
429
CALL
Kenvue
KVUE
$36.6B
| $271M | 0.03% |
15,730,400
+1,319,400
| +9% | +$21.6M |
|
|
SNDK
430
PUT
Sandisk
SNDK
$234B
| $271M | 0.03% |
1,142,600
+187,600
| +20% | +$37.6M |
|
431
Coinbase
COIN
$49.2B
| $270M | 0.03% |
1,194,425
-626,391
| -34% | -$187M |
|
432
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $269M | 0.03% |
2,365,000
+813,500
| +52% | +$84.1M |
|
433
CALL
Danaher
DHR
$154B
| $269M | 0.03% |
1,175,200
-403,300
| -26% | -$88.7M |
|
434
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $269M | 0.03% |
1,732,300
-373,500
| -18% | -$57.5M |
|
435
PUT
Hilton Worldwide
HLT
$73.5B
| $269M | 0.03% |
935,100
+341,000
| +57% | +$92.9M |
|
436
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $267M | 0.03% |
887,800
+197,100
| +29% | +$58.1M |
|
437
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $267M | 0.03% |
589,100
-7,700
| -1% | -$3.32M |
|
438
PUT
Charter Communications
CHTR
$17.9B
| $265M | 0.03% |
1,271,800
+456,200
| +56% | +$103M |
|
439
CALL
AT&T
T
$173B
| $265M | 0.03% |
10,654,800
-2,129,700
| -17% | -$53.9M |
|
440
PUT
DoorDash
DASH
$96.8B
| $264M | 0.03% |
1,167,500
-527,500
| -31% | -$124M |
|
|
SCHW
441
PUT
Charles Schwab
SCHW
$194B
| $264M | 0.03% |
2,638,000
-480,300
| -15% | -$45.6M |
|
442
PUT
Airbnb
ABNB
$110B
| $262M | 0.03% |
1,932,400
+319,500
| +20% | +$39.8M |
|
443
Adobe
ADBE
$109B
| $262M | 0.03% |
748,078
+202,456
| +37% | +$68.9M |
|
444
PUT
Expedia Group
EXPE
$38.6B
| $262M | 0.03% |
924,100
+259,900
| +39% | +$64.2M |
|
445
CALL
Royal Gold
RGLD
$21.9B
| $261M | 0.03% |
1,174,400
+861,900
| +276% | +$171M |
|
446
PUT
Kimberly-Clark
KMB
$36.4B
| $260M | 0.03% |
2,572,800
+2,338,300
| +997% | +$256M |
|
447
PUT
Trade Desk
TTD
$6.19B
| $259M | 0.03% |
6,824,400
+1,477,300
| +28% | +$65.5M |
|
448
PUT
Apollo Global Management
APO
$78.4B
| $259M | 0.03% |
1,788,600
+357,900
| +25% | +$47.5M |
|
|
FISV
449
CALL
Fiserv Inc
FISV
$28B
| $259M | 0.03% |
3,853,000
+2,802,000
| +267% | +$235M |
|
450
Applovin
APP
$102B
| $259M | 0.03% |
384,041
-179,303
| -32% | -$113M |
|
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.