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 | |
|---|---|---|---|---|---|---|
526
Arm
ARM
$260B
| $206M | 0.02% |
1,880,816
+1,659,763
| +751% | +$241M |
|
527
Berkshire Hathaway Class B
BRK.B
$1.06T
| $205M | 0.02% |
408,608
-307,738
| -43% | -$153M |
|
528
CALL
Microchip Technology
MCHP
$41.3B
| $205M | 0.02% |
3,220,700
+147,600
| +5% | +$9.1M |
|
529
CALL
Stanley Black & Decker
SWK
$15.1B
| $205M | 0.02% |
2,760,800
+581,200
| +27% | +$40.9M |
|
530
PUT
T-Mobile US
TMUS
$196B
| $205M | 0.02% |
1,009,400
+5,100
| +0.5% | +$1.08M |
|
531
CALL
BridgeBio Pharma
BBIO
$15.9B
| $204M | 0.02% |
2,670,300
-308,100
| -10% | -$20.2M |
|
|
ETHA
532
PUT
iShares Ethereum Trust ETF
ETHA
$7.51B
| $203M | 0.02% |
9,064,300
+1,926,900
| +27% | +$50.4M |
|
533
PUT
Rivian
RIVN
$24.6B
| $203M | 0.02% |
10,302,600
+1,198,400
| +13% | +$19M |
|
534
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $202M | 0.02% |
6,477,500
+882,700
| +16% | +$21.7M |
|
535
CALL
Union Pacific
UNP
$183B
| $202M | 0.02% |
871,500
-177,500
| -17% | -$40.5M |
|
536
PUT
S&P Global
SPGI
$127B
| $201M | 0.02% |
385,500
-41,600
| -10% | -$20.6M |
|
|
FISV
537
PUT
Fiserv Inc
FISV
$28B
| $201M | 0.02% |
2,998,700
+1,692,100
| +130% | +$142M |
|
538
CALL
Constellation Brands
STZ
$23.2B
| $201M | 0.02% |
1,455,600
+287,900
| +25% | +$39.5M |
|
539
PayPal
PYPL
$52.7B
| $199M | 0.02% |
3,400,761
+84,256
| +3% | +$5.47M |
|
540
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.74B
| $198M | 0.02% |
6,740,100
+1,266,900
| +23% | +$38.2M |
|
541
CALL
3M
MMM
$92.3B
| $197M | 0.02% |
1,232,500
-110,800
| -8% | -$18.1M |
|
|
TEM
542
PUT
Tempus AI
TEM
$13.1B
| $197M | 0.02% |
3,341,300
-1,474,800
| -31% | -$115M |
|
543
PUT
CRH
CRH
$63.2B
| $197M | 0.02% |
1,575,300
+1,289,200
| +451% | +$154M |
|
544
iShares Bitcoin Trust
IBIT
$58.3B
| $195M | 0.02% |
3,927,809
+1,624,929
| +71% | +$92.3M |
|
545
DoorDash
DASH
$96.8B
| $193M | 0.02% |
854,097
-112,434
| -12% | -$26.4M |
|
546
PUT
Sea Limited
SE
$72B
| $193M | 0.02% |
1,515,800
-1,289,000
| -46% | -$191M |
|
547
CALL
Deere & Co
DE
$175B
| $193M | 0.02% |
414,200
-70,500
| -15% | -$33.1M |
|
548
UnitedHealth
UNH
$350B
| $192M | 0.02% |
582,891
-686,643
| -54% | -$233M |
|
549
PUT
Abercrombie & Fitch
ANF
$4.84B
| $192M | 0.02% |
1,525,500
+502,100
| +49% | +$43.9M |
|
550
PUT
On Holding
ONON
$10B
| $192M | 0.02% |
4,124,200
+654,800
| +19% | +$28.2M |
|
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.