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 | |
|---|---|---|---|---|---|---|
26
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $4.73B | 0.54% |
19,216,400
+707,400
| +4% | +$174M |
|
27
CALL
Broadcom
AVGO
$1.75T
| $4.73B | 0.54% |
13,660,700
-569,600
| -4% | -$204M |
|
28
CALL
Advanced Micro Devices
AMD
$773B
| $4.73B | 0.54% |
22,067,400
-4,383,700
| -17% | -$985M |
|
29
CALL
Eli Lilly
LLY
$1.12T
| $4.7B | 0.54% |
4,378,000
-489,900
| -10% | -$468M |
|
30
PUT
SPDR Gold Trust
GLD
$152B
| $4.7B | 0.54% |
11,850,400
+1,344,000
| +13% | +$513M |
|
31
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $4.68B | 0.54% |
14,920,300
+626,000
| +4% | +$179M |
|
32
PUT
Micron Technology
MU
$1.09T
| $4.62B | 0.53% |
16,202,700
+151,800
| +0.9% | +$34.8M |
|
|
33
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $4.47B | 0.51% |
14,234,100
+3,113,400
| +28% | +$892M |
|
34
PUT
Amazon
AMZN
$2.79T
| $4.44B | 0.51% |
19,215,400
-1,619,800
| -8% | -$371M |
|
35
PUT
Palantir
PLTR
$432B
| $4.2B | 0.48% |
23,654,300
-3,333,600
| -12% | -$603M |
|
36
CALL
iShares Silver Trust
SLV
$33.8B
| $4.05B | 0.47% |
62,869,000
+18,555,800
| +42% | +$929M |
|
37
CALL
Booking.com
BKNG
$158B
| $3.98B | 0.46% |
18,587,500
+8,452,500
| +83% | +$1.74B |
|
38
PUT
UnitedHealth
UNH
$350B
| $3.84B | 0.44% |
11,644,200
-2,723,000
| -19% | -$923M |
|
|
39
CALL
Netflix
NFLX
$331B
| $3.83B | 0.44% |
40,849,000
+981,000
| +2% | +$106M |
|
|
40
PUT
Advanced Micro Devices
AMD
$773B
| $3.76B | 0.43% |
17,569,700
+1,199,600
| +7% | +$269M |
|
|
41
CALL
Micron Technology
MU
$1.09T
| $3.69B | 0.42% |
12,915,900
-676,200
| -5% | -$155M |
|
|
42
PUT
Netflix
NFLX
$331B
| $3.67B | 0.42% |
39,144,800
-12,055,200
| -24% | -$1.3B |
|
|
43
PUT
Eli Lilly
LLY
$1.12T
| $3.65B | 0.42% |
3,399,600
-440,300
| -11% | -$421M |
|
|
44
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $3.5B | 0.4% |
40,136,000
+10,472,500
| +35% | +$936M |
|
45
CALL
Oracle
ORCL
$422B
| $3.43B | 0.4% |
17,590,100
+1,871,700
| +12% | +$446M |
|
46
PUT
Goldman Sachs
GS
$303B
| $3.37B | 0.39% |
3,834,000
+714,700
| +23% | +$583M |
|
47
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $3.35B | 0.39% |
6,660,900
+841,700
| +14% | +$419M |
|
|
48
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $3.22B | 0.37% |
36,897,400
-737,700
| -2% | -$66M |
|
|
49
CALL
Goldman Sachs
GS
$303B
| $3.2B | 0.37% |
3,645,200
+1,284,700
| +54% | +$1.05B |
|
|
50
PUT
Oracle
ORCL
$422B
| $3.13B | 0.36% |
16,082,900
+4,570,500
| +40% | +$1.09B |
|
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.