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 | |
|---|---|---|---|---|---|---|
776
CALL
ON Semiconductor
ON
$28B
| $120M | 0.01% |
2,213,100
+663,500
| +43% | +$34M |
|
777
PUT
Workday
WDAY
$49.2B
| $120M | 0.01% |
557,900
-633,100
| -53% | -$144M |
|
778
CALL
Lemonade
LMND
$4.17B
| $120M | 0.01% |
1,680,200
+624,700
| +59% | +$42M |
|
779
CALL
VF Corp
VFC
$5.63B
| $119M | 0.01% |
6,600,300
+2,391,600
| +57% | +$38.8M |
|
780
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $119M | 0.01% |
1,239,200
+423,200
| +52% | +$41M |
|
781
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $119M | 0.01% |
3,626,284
+880,786
| +32% | +$28.9M |
|
782
PUT
Lyft
LYFT
$6.69B
| $119M | 0.01% |
6,145,200
-2,444,900
| -28% | -$50.8M |
|
783
PUT
Celsius Holdings
CELH
$8.86B
| $119M | 0.01% |
2,602,100
+332,800
| +15% | +$16.8M |
|
784
CALL
Duke Energy
DUK
$95.1B
| $119M | 0.01% |
1,013,600
-312,300
| -24% | -$38.1M |
|
785
CALL
SiriusXM
SIRI
$9.59B
| $119M | 0.01% |
5,936,800
-1,227,600
| -17% | -$26.4M |
|
786
PUT
Sunrun
RUN
$2.15B
| $119M | 0.01% |
6,451,700
+1,662,200
| +35% | +$31.9M |
|
787
PUT
3M
MMM
$92.3B
| $118M | 0.01% |
739,600
-198,900
| -21% | -$32.5M |
|
788
CALL
Toast
TOST
$21.2B
| $118M | 0.01% |
3,334,400
-508,800
| -13% | -$18.3M |
|
789
PUT
Duolingo
DUOL
$6.87B
| $118M | 0.01% |
671,700
-298,800
| -31% | -$70.4M |
|
|
B
790
Barrick Mining
B
$79.3B
| $118M | 0.01% |
2,704,188
+1,460,452
| +117% | +$54.8M |
|
791
FedEx
FDX
$79.1B
| $118M | 0.01% |
407,012
+99,331
| +32% | +$26.1M |
|
792
PUT
TeraWulf
WULF
$7.72B
| $117M | 0.01% |
10,223,200
+3,101,800
| +44% | +$41.6M |
|
793
Johnson & Johnson
JNJ
$658B
| $117M | 0.01% |
567,254
-28,047
| -5% | -$5.55M |
|
794
Visa
V
$714B
| $117M | 0.01% |
332,781
+27,151
| +9% | +$9.25M |
|
795
Biogen
BIIB
$32.2B
| $116M | 0.01% |
661,684
+220,602
| +50% | +$36M |
|
796
CALL
Generac Holdings
GNRC
$12B
| $116M | 0.01% |
852,600
+121,800
| +17% | +$19.7M |
|
797
Hilton Worldwide
HLT
$74.3B
| $116M | 0.01% |
404,706
-162,653
| -29% | -$44.3M |
|
798
CALL
FTAI Aviation
FTAI
$20.4B
| $116M | 0.01% |
588,200
+92,300
| +19% | +$15.7M |
|
799
eBay
EBAY
$47.7B
| $116M | 0.01% |
1,327,590
-126,052
| -9% | -$10.9M |
|
800
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $116M | 0.01% |
1,016,000
-764,600
| -43% | -$79M |
|
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.