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 | |
|---|---|---|---|---|---|---|
651
CALL
Diamondback Energy
FANG
$59B
| $152M | 0.02% |
1,010,500
+10,200
| +1% | +$1.5M |
|
652
Freeport-McMoran
FCX
$110B
| $152M | 0.02% |
2,984,747
-1,731,180
| -37% | -$75M |
|
653
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $151M | 0.02% |
241,100
-34,500
| -13% | -$21.4M |
|
654
PUT
Rigetti Computing
RGTI
$5.98B
| $151M | 0.02% |
6,819,100
+1,660,600
| +32% | +$54.1M |
|
655
Warner Bros
WBD
$71.6B
| $151M | 0.02% |
5,222,762
+1,263,503
| +32% | +$29.5M |
|
656
CALL
Sunrun
RUN
$2.21B
| $150M | 0.02% |
8,148,900
-1,126,000
| -12% | -$21.6M |
|
657
CALL
Coupang
CPNG
$29.6B
| $150M | 0.02% |
6,354,500
+1,457,600
| +30% | +$41.5M |
|
658
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $150M | 0.02% |
1,594,900
-93,300
| -6% | -$8.89M |
|
659
PUT
Core Scientific
CORZ
$5.72B
| $149M | 0.02% |
10,264,300
+4,292,800
| +72% | +$74.9M |
|
660
PUT
Johnson Controls International
JCI
$86.7B
| $149M | 0.02% |
1,247,500
+853,800
| +217% | +$98M |
|
661
CALL
United Therapeutics
UTHR
$22B
| $149M | 0.02% |
305,100
-44,400
| -13% | -$20.7M |
|
662
CALL
Dow Inc
DOW
$23.4B
| $148M | 0.02% |
6,345,000
+590,500
| +10% | +$13.6M |
|
663
CALL
Insmed
INSM
$27.5B
| $148M | 0.02% |
849,600
+1,200
| +0.1% | +$219K |
|
664
CALL
Quanta Services
PWR
$96.1B
| $147M | 0.02% |
349,100
-74,800
| -18% | -$32.9M |
|
665
CALL
Cencora
COR
$60.7B
| $147M | 0.02% |
436,100
+39,300
| +10% | +$13.4M |
|
666
CALL
Ciena
CIEN
$56B
| $147M | 0.02% |
628,200
-10,500
| -2% | -$2.04M |
|
667
PUT
US Bancorp
USB
$96.7B
| $147M | 0.02% |
2,753,300
+888,400
| +48% | +$43.7M |
|
668
CALL
C.H. Robinson
CHRW
$16.5B
| $147M | 0.02% |
911,300
+21,100
| +2% | +$3.12M |
|
669
CALL
Medtronic
MDT
$119B
| $146M | 0.02% |
1,522,000
-531,600
| -26% | -$51.6M |
|
|
MIAX
670
Miami International Holdings
MIAX
$4.23B
| $146M | 0.02% |
3,284,952
+100
| +0% | +$4.46K |
|
671
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $146M | 0.02% |
241,500
-103,800
| -30% | -$62.1M |
|
672
PUT
Nextpower Inc
NXT
$13.1B
| $146M | 0.02% |
1,670,800
-358,500
| -18% | -$32.5M |
|
|
HUT
673
PUT
Hut 8
HUT
$9.97B
| $146M | 0.02% |
3,167,800
+482,800
| +18% | +$21.3M |
|
674
Robinhood
HOOD
$97.2B
| $145M | 0.02% |
1,286,418
+832,136
| +183% | +$108M |
|
675
PepsiCo
PEP
$196B
| $145M | 0.02% |
1,013,238
+580,707
| +134% | +$85.3M |
|
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.