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 | |
|---|---|---|---|---|---|---|
576
CALL
Coeur Mining
CDE
$21.6B
| $179M | 0.02% |
10,015,300
+7,903,600
| +374% | +$137M |
|
577
CALL
Duolingo
DUOL
$6.84B
| $179M | 0.02% |
1,017,400
+101,900
| +11% | +$24M |
|
578
CALL
Altria Group
MO
$110B
| $178M | 0.02% |
3,093,100
-964,900
| -24% | -$58.3M |
|
579
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $178M | 0.02% |
5,714,000
+1,203,000
| +27% | +$29.6M |
|
580
Global X Silver Miners ETF NEW
SIL
$5.4B
| $178M | 0.02% |
2,132,704
+2,054,902
| +2,641% | +$152M |
|
581
CALL
Philip Morris
PM
$293B
| $178M | 0.02% |
1,108,700
-232,600
| -17% | -$36M |
|
582
ExxonMobil
XOM
$679B
| $178M | 0.02% |
1,476,697
+178,893
| +14% | +$20.7M |
|
583
PUT
Gilead Sciences
GILD
$181B
| $177M | 0.02% |
1,445,500
-295,400
| -17% | -$35.9M |
|
584
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $177M | 0.02% |
2,283,634
+2,050,081
| +878% | +$160M |
|
585
Vertiv
VRT
$101B
| $177M | 0.02% |
1,092,962
+383,780
| +54% | +$66.6M |
|
586
Newmont
NEM
$139B
| $176M | 0.02% |
1,767,161
-146,123
| -8% | -$13.2M |
|
587
PUT
Valero Energy
VLO
$100B
| $176M | 0.02% |
1,082,300
-606,600
| -36% | -$103M |
|
588
PUT
Fortinet
FTNT
$113B
| $176M | 0.02% |
2,216,900
+22,700
| +1% | +$1.88M |
|
589
CALL
Alcoa
AA
$13.7B
| $176M | 0.02% |
3,310,000
+1,395,500
| +73% | +$57.1M |
|
590
PUT
iShares MSCI South Korea ETF
EWY
$27.7B
| $175M | 0.02% |
1,804,400
+911,100
| +102% | +$83.3M |
|
591
PUT
Union Pacific
UNP
$183B
| $175M | 0.02% |
756,100
-452,400
| -37% | -$103M |
|
592
CALL
Teradyne
TER
$58.7B
| $175M | 0.02% |
903,300
+187,500
| +26% | +$32.2M |
|
593
PUT
Simon Property Group
SPG
$70.6B
| $174M | 0.02% |
942,000
+335,700
| +55% | +$61M |
|
594
CALL
D-Wave Quantum Inc
QBTS
$7.59B
| $174M | 0.02% |
6,634,900
-280,000
| -4% | -$8.16M |
|
595
CALL
Ford
F
$57.5B
| $173M | 0.02% |
13,204,300
-6,252,400
| -32% | -$80.6M |
|
596
Amgen
AMGN
$238B
| $173M | 0.02% |
529,171
-35,699
| -6% | -$11.3M |
|
597
GE Vernova
GEV
$255B
| $173M | 0.02% |
264,456
-61,893
| -19% | -$37.7M |
|
598
Salesforce
CRM
$171B
| $173M | 0.02% |
652,029
+78,631
| +14% | +$19.5M |
|
599
ASML
ASML
$677B
| $172M | 0.02% |
160,805
+33,887
| +27% | +$35.3M |
|
600
PUT
RH
RH
$2.9B
| $171M | 0.02% |
955,800
-181,000
| -16% | -$31M |
|
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.