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 | |
|---|---|---|---|---|---|---|
551
PUT
Coherent
COHR
$56.7B
| $191M | 0.02% |
1,036,700
+34,100
| +3% | +$5.1M |
|
552
PUT
Vale
VALE
$62.1B
| $190M | 0.02% |
14,617,300
+2,390,700
| +20% | +$29M |
|
553
CALL
United Rentals
URI
$68.4B
| $190M | 0.02% |
234,800
-45,400
| -16% | -$39.4M |
|
554
Caterpillar
CAT
$381B
| $190M | 0.02% |
331,651
+200,607
| +153% | +$111M |
|
555
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.31B
| $189M | 0.02% |
4,145,400
-38,100
| -0.9% | -$1.76M |
|
556
CALL
Dollar General
DG
$27.2B
| $188M | 0.02% |
1,414,500
+263,000
| +23% | +$29.3M |
|
557
CALL
IonQ
IONQ
$18.2B
| $187M | 0.02% |
4,164,000
-85,400
| -2% | -$4.79M |
|
558
CALL
TeraWulf
WULF
$7.8B
| $186M | 0.02% |
16,221,000
-4,254,500
| -21% | -$57M |
|
559
Baidu
BIDU
$31.6B
| $186M | 0.02% |
1,425,180
+615,082
| +76% | +$76.3M |
|
560
PUT
W.W. Grainger
GWW
$61.8B
| $186M | 0.02% |
184,000
+91,600
| +99% | +$88.8M |
|
|
EA
561
PUT
DELISTED
Electronic Arts
EA
| $185M | 0.02% |
906,100
-665,200
| -42% | -$134M |
|
562
CALL
Pan American Silver
PAAS
$22B
| $185M | 0.02% |
3,571,200
+987,100
| +38% | +$41.3M |
|
|
563
CALL
Coherent
COHR
$56.7B
| $185M | 0.02% |
1,001,800
+323,000
| +48% | +$48.3M |
|
564
CALL
Gilead Sciences
GILD
$181B
| $185M | 0.02% |
1,506,100
-383,700
| -20% | -$46.6M |
|
565
CALL
HCA Healthcare
HCA
$92.9B
| $185M | 0.02% |
395,400
-136,400
| -26% | -$63.3M |
|
566
CALL
Chubb
CB
$132B
| $183M | 0.02% |
587,800
+127,600
| +28% | +$37.3M |
|
567
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $183M | 0.02% |
1,452,800
+145,900
| +11% | +$18.9M |
|
568
PUT
Burlington
BURL
$20.6B
| $183M | 0.02% |
634,100
+12,800
| +2% | +$3.47M |
|
569
PUT
Comcast
CMCSA
$95.3B
| $183M | 0.02% |
6,112,500
+1,363,500
| +29% | +$38.9M |
|
570
PUT
Avis
CAR
$5.18B
| $183M | 0.02% |
1,423,400
-1,086,600
| -43% | -$152M |
|
|
EXE
571
PUT
Expand Energy Corp
EXE
$22.2B
| $183M | 0.02% |
1,655,000
-46,100
| -3% | -$5.11M |
|
572
CALL
Lyft
LYFT
$6.61B
| $182M | 0.02% |
9,393,300
-4,086,500
| -30% | -$84.9M |
|
573
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.18B
| $181M | 0.02% |
4,843,700
+781,600
| +19% | +$31.6M |
|
|
XYZ
574
PUT
Block Inc
XYZ
$49.4B
| $181M | 0.02% |
2,773,600
-288,300
| -9% | -$19.9M |
|
575
CALL
Wayfair
W
$13.9B
| $180M | 0.02% |
1,792,200
+38,500
| +2% | +$3.7M |
|
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.