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 | |
|---|---|---|---|---|---|---|
701
PUT
Cadence Design Systems
CDNS
$87.9B
| $139M | 0.02% |
445,000
+169,000
| +61% | +$55.1M |
|
702
Schwab International Equity ETF
SCHF
$69.7B
| $139M | 0.02% |
5,780,130
+5,016,109
| +657% | +$119M |
|
703
PUT
iShares MSCI Canada ETF
EWC
$6.6B
| $139M | 0.02% |
2,576,500
-114,900
| -4% | -$5.94M |
|
704
PUT
Global X Uranium ETF
URA
$6.46B
| $138M | 0.02% |
3,230,300
+2,174,000
| +206% | +$105M |
|
705
PUT
CME Group
CME
$98.9B
| $138M | 0.02% |
504,500
-70,000
| -12% | -$19M |
|
706
PUT
Zoom
ZM
$31.5B
| $138M | 0.02% |
1,595,200
-173,500
| -10% | -$14.6M |
|
707
CALL
GitLab
GTLB
$7.04B
| $137M | 0.02% |
3,661,900
+1,149,100
| +46% | +$49.7M |
|
708
Lockheed Martin
LMT
$130B
| $137M | 0.02% |
283,414
+234,935
| +485% | +$112M |
|
709
CALL
Live Nation Entertainment
LYV
$42.4B
| $136M | 0.02% |
957,400
+39,200
| +4% | +$5.63M |
|
710
CALL
CRH
CRH
$63.2B
| $136M | 0.02% |
1,092,100
+330,900
| +43% | +$39.4M |
|
|
711
CALL
CME Group
CME
$98.9B
| $136M | 0.02% |
498,400
-37,900
| -7% | -$10.3M |
|
712
PUT
Medtronic
MDT
$119B
| $136M | 0.02% |
1,414,800
-311,500
| -18% | -$30.3M |
|
713
PUT
Monolithic Power Systems
MPWR
$64.7B
| $136M | 0.02% |
149,900
-12,400
| -8% | -$11.9M |
|
714
PUT
NXP Semiconductors
NXPI
$56.9B
| $136M | 0.02% |
624,900
+379,200
| +154% | +$81.3M |
|
715
CALL
Energy Fuels
UUUU
$3.78B
| $136M | 0.02% |
9,324,400
+7,752,000
| +493% | +$132M |
|
716
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.46B
| $135M | 0.02% |
1,314,400
-231,900
| -15% | -$24.6M |
|
717
Microchip Technology
MCHP
$41.3B
| $135M | 0.02% |
2,122,214
+1,719,323
| +427% | +$106M |
|
718
GE Aerospace
GE
$361B
| $135M | 0.02% |
438,291
-3,177
| -0.7% | -$957K |
|
719
CALL
Fortinet
FTNT
$113B
| $135M | 0.02% |
1,697,600
-515,200
| -23% | -$42.7M |
|
720
PUT
Lennar Class A
LEN
$21B
| $134M | 0.02% |
1,306,600
-96,200
| -7% | -$11.6M |
|
721
CALL
RH
RH
$2.9B
| $134M | 0.02% |
748,700
+130,300
| +21% | +$22.3M |
|
722
PUT
Quanta Services
PWR
$96.1B
| $134M | 0.02% |
317,600
+149,500
| +89% | +$65.7M |
|
723
Mercado Libre
MELI
$97.5B
| $133M | 0.02% |
66,002
-16,561
| -20% | -$34.8M |
|
724
CALL
NIO
NIO
$11.6B
| $132M | 0.02% |
25,968,500
+4,911,100
| +23% | +$30.3M |
|
725
CALL
Halliburton
HAL
$29.4B
| $132M | 0.02% |
4,683,200
+297,700
| +7% | +$7.86M |
|
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.