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 | |
|---|---|---|---|---|---|---|
626
CALL
Okta
OKTA
$23.5B
| $160M | 0.02% |
1,853,900
+22,700
| +1% | +$1.98M |
|
627
Analog Devices
ADI
$182B
| $159M | 0.02% |
586,626
+381,181
| +186% | +$95.8M |
|
628
CALL
Abbott
ABT
$202B
| $159M | 0.02% |
1,268,800
-1,282,400
| -50% | -$163M |
|
629
CALL
General Dynamics
GD
$104B
| $159M | 0.02% |
471,800
-3,400
| -0.7% | -$1.16M |
|
630
PUT
Rio Tinto
RIO
$171B
| $159M | 0.02% |
1,983,200
+173,800
| +10% | +$12.5M |
|
631
CALL
Kimberly-Clark
KMB
$36.4B
| $159M | 0.02% |
1,572,300
+1,086,200
| +223% | +$119M |
|
632
CALL
EQT Corp
EQT
$33.6B
| $158M | 0.02% |
2,951,200
+431,400
| +17% | +$24.2M |
|
633
CALL
Direxion Daily Financial Bull 3x ETF
FAS
$2.33B
| $158M | 0.02% |
937,400
-6,200
| -0.7% | -$1.03M |
|
634
PUT
Howmet Aerospace
HWM
$108B
| $157M | 0.02% |
767,500
+275,700
| +56% | +$54.9M |
|
635
CALL
Nucor
NUE
$55.3B
| $157M | 0.02% |
963,900
-383,600
| -28% | -$57.6M |
|
|
636
PUT
EQT Corp
EQT
$33.6B
| $157M | 0.02% |
2,928,900
+867,500
| +42% | +$48.7M |
|
637
CALL
Rocket Companies
RKT
$39.4B
| $157M | 0.02% |
8,097,300
+1,396,800
| +21% | +$25M |
|
638
CALL
Fair Isaac
FICO
$25.3B
| $157M | 0.02% |
92,700
-22,900
| -20% | -$39.4M |
|
639
CALL
Estee Lauder
EL
$36.9B
| $156M | 0.02% |
1,490,400
+148,100
| +11% | +$14.4M |
|
640
PUT
ProShares Ultra Silver
AGQ
$1.67B
| $155M | 0.02% |
1,002,300
+832,700
| +491% | +$85.9M |
|
641
Chevron
CVX
$403B
| $155M | 0.02% |
1,019,357
+351,243
| +53% | +$53.5M |
|
642
Qualcomm
QCOM
$169B
| $155M | 0.02% |
908,009
-276,641
| -23% | -$47.4M |
|
643
CALL
D.R. Horton
DHI
$41.5B
| $155M | 0.02% |
1,077,900
+4,400
| +0.4% | +$670K |
|
644
Palo Alto Networks
PANW
$292B
| $155M | 0.02% |
840,157
+30,630
| +4% | +$6.18M |
|
645
CALL
NXP Semiconductors
NXPI
$56.9B
| $155M | 0.02% |
711,800
+129,500
| +22% | +$27.8M |
|
646
Merck
MRK
$376B
| $154M | 0.02% |
1,459,133
+160,334
| +12% | +$15.1M |
|
647
CALL
Jabil
JBL
$32.8B
| $153M | 0.02% |
671,200
+400,300
| +148% | +$85.4M |
|
648
CALL
Wheaton Precious Metals
WPM
$71.7B
| $153M | 0.02% |
1,299,500
+135,300
| +12% | +$14.5M |
|
649
MongoDB
MDB
$34.7B
| $152M | 0.02% |
362,621
+63,857
| +21% | +$23.2M |
|
650
JPMorgan Chase
JPM
$935B
| $152M | 0.02% |
472,090
-484,257
| -51% | -$150M |
|
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.