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 | |
|---|---|---|---|---|---|---|
751
CALL
iShares Russell 1000 Growth ETF
IWF
$124B
| $124M | 0.01% |
1,049,600
-152,400
| -13% | -$18.1M |
|
|
EXE
752
CALL
Expand Energy Corp
EXE
$22.2B
| $124M | 0.01% |
1,124,500
-209,400
| -16% | -$23.2M |
|
753
CALL
Deckers Outdoor
DECK
$12.5B
| $124M | 0.01% |
1,194,400
+384,400
| +47% | +$36M |
|
754
PUT
DraftKings
DKNG
$12.8B
| $124M | 0.01% |
3,590,900
-4,985,200
| -58% | -$164M |
|
755
CALL
Biogen
BIIB
$32.1B
| $124M | 0.01% |
701,800
-44,300
| -6% | -$7.24M |
|
756
CALL
CAVA Group
CAVA
$8.48B
| $123M | 0.01% |
2,095,900
+74,300
| +4% | +$4.14M |
|
757
Lumentum
LITE
$74.4B
| $123M | 0.01% |
333,564
+310,969
| +1,376% | +$79.9M |
|
758
PUT
Chubb
CB
$133B
| $123M | 0.01% |
393,700
+49,200
| +14% | +$14.4M |
|
759
Zoetis
ZTS
$32.1B
| $122M | 0.01% |
973,357
+805,941
| +481% | +$105M |
|
760
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $122M | 0.01% |
3,715,700
+994,500
| +37% | +$32.6M |
|
761
Boeing
BA
$166B
| $122M | 0.01% |
561,943
-495,870
| -47% | -$102M |
|
762
PUT
Elevance Health
ELV
$87.4B
| $122M | 0.01% |
347,800
-79,700
| -19% | -$26.9M |
|
763
CALL
KKR & Co
KKR
$96.4B
| $122M | 0.01% |
955,900
-1,089,000
| -53% | -$135M |
|
764
Alibaba
BABA
$285B
| $121M | 0.01% |
827,351
+630,112
| +319% | +$103M |
|
765
PUT
Nu Holdings
NU
$71.2B
| $121M | 0.01% |
7,244,100
+532,500
| +8% | +$8.56M |
|
766
CVS Health
CVS
$120B
| $121M | 0.01% |
1,526,810
+445,041
| +41% | +$35.1M |
|
767
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.71B
| $121M | 0.01% |
1,168,000
+93,700
| +9% | +$9.26M |
|
|
CMA
768
CALL
DELISTED
Comerica
CMA
| $121M | 0.01% |
1,387,400
+420,200
| +43% | +$33.8M |
|
769
CALL
AB InBev
BUD
$156B
| $121M | 0.01% |
1,882,400
+17,400
| +0.9% | +$1.08M |
|
|
EA
770
DELISTED
Electronic Arts
EA
| $121M | 0.01% |
589,789
+95,725
| +19% | +$19.3M |
|
771
CALL
Vanguard Morningstar Growth ETF
VUG
$224B
| $121M | 0.01% |
1,482,000
+57,600
| +4% | +$4.67M |
|
772
CRH
CRH
$63.8B
| $120M | 0.01% |
964,555
+66,259
| +7% | +$7.89M |
|
773
iShares MSCI Brazil ETF
EWZ
$8.07B
| $120M | 0.01% |
3,787,180
-2,048,707
| -35% | -$64.8M |
|
774
Vistra
VST
$45.7B
| $120M | 0.01% |
745,099
+213,988
| +40% | +$39M |
|
775
CALL
PG&E
PCG
$39.9B
| $120M | 0.01% |
7,465,500
-7,356,100
| -50% | -$117M |
|
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.