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 | |
|---|---|---|---|---|---|---|
726
Home Depot
HD
$336B
| $132M | 0.02% |
384,327
-29,598
| -7% | -$10.8M |
|
727
CALL
Abercrombie & Fitch
ANF
$4.99B
| $132M | 0.02% |
1,047,500
+235,500
| +29% | +$20.6M |
|
728
PUT
Halliburton
HAL
$28.9B
| $131M | 0.02% |
4,652,100
-2,048,100
| -31% | -$54.1M |
|
729
PUT
C.H. Robinson
CHRW
$16.7B
| $131M | 0.02% |
817,300
+262,000
| +47% | +$38.7M |
|
730
PUT
Domino's
DPZ
$11.5B
| $131M | 0.02% |
315,000
-109,000
| -26% | -$45.4M |
|
731
PUT
Hewlett Packard
HPE
$69.4B
| $131M | 0.02% |
5,463,100
-471,300
| -8% | -$11.1M |
|
732
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$292M
| $130M | 0.01% |
3,606,200
+2,645,500
| +275% | +$133M |
|
733
PUT
Ferrari
RACE
$74.6B
| $129M | 0.01% |
349,700
+161,300
| +86% | +$64.5M |
|
734
Eli Lilly
LLY
$1.11T
| $129M | 0.01% |
120,075
-61,943
| -34% | -$59.2M |
|
735
CALL
Truist Financial
TFC
$62.1B
| $128M | 0.01% |
2,594,800
-652,100
| -20% | -$30M |
|
736
PUT
Galicia Financial Group
GGAL
$6.98B
| $128M | 0.01% |
2,364,900
-939,900
| -28% | -$44M |
|
737
CALL
Zillow
Z
$8.33B
| $127M | 0.01% |
1,867,000
+325,500
| +21% | +$23.6M |
|
738
PUT
Ciena
CIEN
$52.7B
| $127M | 0.01% |
544,400
+118,800
| +28% | +$23M |
|
739
Southwest Airlines
LUV
$19.9B
| $127M | 0.01% |
3,071,589
+2,788,434
| +985% | +$97.4M |
|
740
CALL
Twilio
TWLO
$34.2B
| $127M | 0.01% |
889,600
+273,300
| +44% | +$33.9M |
|
741
Kimberly-Clark
KMB
$37B
| $126M | 0.01% |
1,248,800
+213,284
| +21% | +$23.3M |
|
742
CALL
Opendoor
OPEN
$3.33B
| $126M | 0.01% |
21,573,700
-7,219,203
| -25% | -$51.7M |
|
743
CALL
Hecla Mining
HL
$13.7B
| $126M | 0.01% |
6,543,100
+1,646,100
| +34% | +$25.1M |
|
744
PUT
Nucor
NUE
$55.5B
| $126M | 0.01% |
769,600
-339,700
| -31% | -$51M |
|
745
PUT
Wheaton Precious Metals
WPM
$72.8B
| $125M | 0.01% |
1,067,100
-29,500
| -3% | -$3.16M |
|
746
Target
TGT
$77.2B
| $125M | 0.01% |
1,279,503
-1,096,390
| -46% | -$101M |
|
747
CALL
Boston Scientific
BSX
$71B
| $125M | 0.01% |
1,311,000
-795,500
| -38% | -$78M |
|
|
DOCU
748
CALL
DocuSign
DOCU
$11.9B
| $125M | 0.01% |
1,824,300
-70,100
| -4% | -$4.85M |
|
749
CALL
Nice
NICE
$5.87B
| $124M | 0.01% |
1,100,000
-67,500
| -6% | -$8.15M |
|
750
iShares Core MSCI Total International Stock ETF
IXUS
$60.6B
| $124M | 0.01% |
+1,468,872
| New | +$123M |
|
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.