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 | |
|---|---|---|---|---|---|---|
476
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $232M | 0.03% |
816,400
+51,600
| +7% | +$14.5M |
|
477
PUT
General Motors
GM
$77.2B
| $232M | 0.03% |
2,855,000
+303,900
| +12% | +$21.4M |
|
|
SCHW
478
CALL
Charles Schwab
SCHW
$194B
| $232M | 0.03% |
2,321,400
-866,500
| -27% | -$82.2M |
|
479
CALL
Take-Two Interactive
TTWO
$44.8B
| $230M | 0.03% |
899,400
-35,500
| -4% | -$8.85M |
|
|
ETHA
480
CALL
iShares Ethereum Trust ETF
ETHA
$7.26B
| $230M | 0.03% |
10,235,100
-6,174,400
| -38% | -$161M |
|
481
PUT
CVS Health
CVS
$119B
| $229M | 0.03% |
2,890,000
-518,100
| -15% | -$40.8M |
|
482
PUT
Estee Lauder
EL
$36.9B
| $228M | 0.03% |
2,182,000
-76,800
| -3% | -$7.45M |
|
|
OKLO
483
PUT
Oklo
OKLO
$7.83B
| $228M | 0.03% |
3,178,800
-631,400
| -17% | -$70.4M |
|
484
PUT
IonQ
IONQ
$18.2B
| $228M | 0.03% |
5,079,000
+72,100
| +1% | +$4.04M |
|
485
PUT
Eaton
ETN
$163B
| $227M | 0.03% |
713,000
+238,600
| +50% | +$84.6M |
|
486
PUT
Altria Group
MO
$110B
| $226M | 0.03% |
3,921,300
-622,800
| -14% | -$37.6M |
|
487
Texas Instruments
TXN
$241B
| $226M | 0.03% |
1,301,443
+948,209
| +268% | +$162M |
|
488
PUT
Live Nation Entertainment
LYV
$42.4B
| $226M | 0.03% |
1,584,300
-73,800
| -4% | -$10.6M |
|
489
CALL
Nu Holdings
NU
$70.4B
| $225M | 0.03% |
13,461,200
+363,700
| +3% | +$5.85M |
|
490
CALL
Core Scientific
CORZ
$5.72B
| $224M | 0.03% |
15,406,400
+1,386,800
| +10% | +$24.2M |
|
491
PUT
Ford
F
$57.5B
| $224M | 0.03% |
17,095,900
-1,383,100
| -7% | -$17.8M |
|
492
PUT
Wynn Resorts
WYNN
$10.3B
| $224M | 0.03% |
1,860,900
-127,700
| -6% | -$15.8M |
|
|
493
CALL
Eaton
ETN
$163B
| $223M | 0.03% |
700,400
-252,200
| -26% | -$89.4M |
|
494
CALL
SLB Ltd
SLB
$79.9B
| $223M | 0.03% |
5,797,900
+110,300
| +2% | +$4M |
|
495
CALL
Dollar Tree
DLTR
$25.3B
| $222M | 0.03% |
1,807,900
-249,800
| -12% | -$26.8M |
|
496
CALL
Expedia Group
EXPE
$38.6B
| $222M | 0.03% |
784,400
+182,600
| +30% | +$45.1M |
|
497
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $222M | 0.03% |
1,951,901
+1,358,641
| +229% | +$140M |
|
498
CALL
McKesson
MCK
$100B
| $222M | 0.03% |
270,500
-41,200
| -13% | -$33.6M |
|
499
PUT
State Street SPDR S&P Bank ETF
KBE
$1.74B
| $220M | 0.03% |
3,632,100
+2,382,100
| +191% | +$140M |
|
500
CALL
Roku
ROKU
$23.4B
| $220M | 0.03% |
2,031,100
+183,600
| +10% | +$18.6M |
|
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.