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 | |
|---|---|---|---|---|---|---|
501
CALL
Corning
GLW
$129B
| $220M | 0.03% |
2,514,900
-784,800
| -24% | -$67.6M |
|
502
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $220M | 0.03% |
484,800
+138,700
| +40% | +$59.8M |
|
503
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $220M | 0.03% |
7,195,700
-2,816,100
| -28% | -$78.5M |
|
504
CALL
Workday
WDAY
$49.4B
| $220M | 0.03% |
1,022,600
-140,800
| -12% | -$32M |
|
505
PUT
Unity
U
$20.7B
| $220M | 0.03% |
4,969,800
-1,087,200
| -18% | -$44.3M |
|
506
PUT
Cloudflare
NET
$104B
| $219M | 0.03% |
1,109,400
+15,700
| +1% | +$3.32M |
|
|
BULL
507
Webull Corp
BULL
$4.67B
| $217M | 0.03% |
27,967,859
-974,235
| -3% | -$9.8M |
|
508
CALL
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.97B
| $217M | 0.03% |
984,900
+222,000
| +29% | +$48.2M |
|
509
PUT
Novartis
NVS
$302B
| $217M | 0.03% |
1,574,000
+340,600
| +28% | +$44.6M |
|
510
PUT
Lumentum
LITE
$77.7B
| $215M | 0.02% |
582,900
+291,400
| +100% | +$74.8M |
|
511
CALL
Futu Holdings
FUTU
$17.3B
| $215M | 0.02% |
1,307,000
-649,800
| -33% | -$112M |
|
512
CALL
Applied Digital
APLD
$7.74B
| $213M | 0.02% |
8,668,500
+754,600
| +10% | +$21.7M |
|
513
PUT
Credo Technology Group
CRDO
$43B
| $212M | 0.02% |
1,473,800
+620,500
| +73% | +$95.4M |
|
|
514
CALL
Credo Technology Group
CRDO
$43B
| $212M | 0.02% |
1,469,900
+283,100
| +24% | +$43.5M |
|
515
PUT
Analog Devices
ADI
$182B
| $211M | 0.02% |
779,800
| – | – |
|
516
Intel
INTC
$476B
| $210M | 0.02% |
5,688,427
+2,471,373
| +77% | +$93.3M |
|
517
PUT
GameStop
GME
$8.17B
| $209M | 0.02% |
10,388,400
+2,379,700
| +30% | +$53.4M |
|
518
CALL
Alnylam Pharmaceuticals
ALNY
$31.6B
| $208M | 0.02% |
523,900
-277,300
| -35% | -$123M |
|
519
PUT
SLB Ltd
SLB
$79.9B
| $208M | 0.02% |
5,424,900
+615,900
| +13% | +$22.3M |
|
|
XYZ
520
CALL
Block Inc
XYZ
$49.4B
| $208M | 0.02% |
3,190,000
-624,200
| -16% | -$43.1M |
|
521
CALL
iShares Gold Trust
IAU
$68.4B
| $207M | 0.02% |
2,555,200
+1,111,600
| +77% | +$86.9M |
|
522
Marvell Technology
MRVL
$213B
| $207M | 0.02% |
2,434,503
+1,076,170
| +79% | +$94.2M |
|
523
CALL
On Holding
ONON
$10B
| $207M | 0.02% |
4,447,600
+1,289,200
| +41% | +$55.6M |
|
524
PUT
American Airlines Group
AAL
$9.15B
| $206M | 0.02% |
13,464,900
-5,855,600
| -30% | -$79M |
|
525
PUT
HCA Healthcare
HCA
$92.9B
| $206M | 0.02% |
441,400
+36,000
| +9% | +$16.7M |
|
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.