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 | |
|---|---|---|---|---|---|---|
676
Cisco
CSCO
$438B
| $145M | 0.02% |
1,877,884
+373,635
| +25% | +$27.7M |
|
677
CALL
Upstart Holdings
UPST
$2.95B
| $145M | 0.02% |
3,306,200
-1,273,200
| -28% | -$58.6M |
|
678
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.31B
| $144M | 0.02% |
3,172,800
+255,300
| +9% | +$11.8M |
|
679
CALL
Avis
CAR
$5.18B
| $144M | 0.02% |
1,123,500
-1,038,400
| -48% | -$145M |
|
680
CALL
Valero Energy
VLO
$100B
| $144M | 0.02% |
884,400
-274,800
| -24% | -$46.6M |
|
681
CALL
Riot Platforms
RIOT
$7.44B
| $144M | 0.02% |
11,328,100
-4,490,300
| -28% | -$76.8M |
|
682
PUT
Alcoa
AA
$13.7B
| $143M | 0.02% |
2,698,400
-691,300
| -20% | -$28.3M |
|
683
PUT
Jabil
JBL
$32.8B
| $143M | 0.02% |
628,300
+176,000
| +39% | +$37.5M |
|
684
PUT
D-Wave Quantum Inc
QBTS
$7.59B
| $143M | 0.02% |
5,455,000
+1,666,100
| +44% | +$48.5M |
|
685
SPDR Gold Trust
GLD
$154B
| $142M | 0.02% |
359,116
+264,420
| +279% | +$101M |
|
686
Synopsys
SNPS
$76.2B
| $142M | 0.02% |
301,929
+140,417
| +87% | +$62.4M |
|
687
CALL
First Majestic Silver
AG
$10.4B
| $141M | 0.02% |
8,484,300
+950,300
| +13% | +$13.2M |
|
688
PUT
PNC Financial Services
PNC
$97B
| $141M | 0.02% |
676,800
+185,800
| +38% | +$35.9M |
|
689
Uber
UBER
$161B
| $141M | 0.02% |
1,724,622
+99,860
| +6% | +$8.99M |
|
690
PUT
Cigna
CI
$73.3B
| $141M | 0.02% |
510,700
-46,800
| -8% | -$13.1M |
|
691
CALL
Marathon Digital Holdings
MARA
$4.35B
| $140M | 0.02% |
15,645,400
-1,483,800
| -9% | -$21.9M |
|
692
Dell
DELL
$286B
| $140M | 0.02% |
1,115,874
+122,508
| +12% | +$17.3M |
|
693
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$99.9B
| $140M | 0.02% |
732,600
-264,400
| -27% | -$50.2M |
|
694
CALL
Linde
LIN
$225B
| $140M | 0.02% |
329,100
+44,500
| +16% | +$19.1M |
|
695
Occidental Petroleum
OXY
$61.3B
| $140M | 0.02% |
3,411,663
+1,955,856
| +134% | +$81.6M |
|
696
McDonald's
MCD
$192B
| $140M | 0.02% |
457,512
+73,323
| +19% | +$22.5M |
|
|
CRWV
697
CoreWeave
CRWV
$48.5B
| $140M | 0.02% |
1,952,006
+1,275,989
| +189% | +$129M |
|
698
PUT
Interactive Brokers
IBKR
$42.5B
| $140M | 0.02% |
2,171,500
-103,100
| -5% | -$6.9M |
|
699
CALL
Rigetti Computing
RGTI
$5.98B
| $140M | 0.02% |
6,302,100
-9,086,200
| -59% | -$296M |
|
|
ECHO
700
EchoStar
ECHO
$25.2B
| $139M | 0.02% |
1,282,407
-315,782
| -20% | -$25.7M |
|
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.