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 | |
|---|---|---|---|---|---|---|
801
CALL
Interactive Brokers
IBKR
$42.2B
| $116M | 0.01% |
1,796,500
-272,500
| -13% | -$18.2M |
|
802
CALL
Intuitive Machines
LUNR
$2.67B
| $115M | 0.01% |
7,099,900
+2,638,700
| +59% | +$30.6M |
|
803
PUT
Cheniere Energy
LNG
$58B
| $115M | 0.01% |
589,900
-69,500
| -11% | -$14.6M |
|
804
PUT
CAVA Group
CAVA
$8.4B
| $114M | 0.01% |
1,949,700
-1,889,800
| -49% | -$105M |
|
805
CALL
Marathon Petroleum
MPC
$102B
| $114M | 0.01% |
701,900
-368,100
| -34% | -$68.8M |
|
806
Essential Utilities
WTRG
$11.7B
| $114M | 0.01% |
2,975,636
+2,944,562
| +9,476% | +$116M |
|
807
CALL
ZIM Integrated Shipping Services
ZIM
$3.42B
| $114M | 0.01% |
5,360,800
+1,542,200
| +40% | +$25.9M |
|
808
PUT
Alnylam Pharmaceuticals
ALNY
$31.6B
| $114M | 0.01% |
286,200
-47,700
| -14% | -$21.1M |
|
809
PUT
Nice
NICE
$5.87B
| $114M | 0.01% |
1,005,400
-561,500
| -36% | -$67.8M |
|
|
BNY
810
CALL
Bank of New York Mellon
BNY
$110B
| $113M | 0.01% |
974,300
+190,100
| +24% | +$21M |
|
|
811
CALL
Cheniere Energy
LNG
$58B
| $113M | 0.01% |
581,500
-246,300
| -30% | -$51.7M |
|
812
Capital One
COF
$133B
| $113M | 0.01% |
465,804
+240,374
| +107% | +$53.5M |
|
813
PUT
Petrobras
PBR
$120B
| $113M | 0.01% |
9,523,000
-237,800
| -2% | -$2.9M |
|
814
CALL
US Bancorp
USB
$97.3B
| $113M | 0.01% |
2,112,600
-93,200
| -4% | -$4.58M |
|
815
CALL
Etsy
ETSY
$7.99B
| $113M | 0.01% |
2,029,400
-1,359,300
| -40% | -$83M |
|
816
PUT
Colgate-Palmolive
CL
$73.8B
| $112M | 0.01% |
1,421,800
+364,300
| +34% | +$28.6M |
|
817
Thermo Fisher Scientific
TMO
$232B
| $112M | 0.01% |
193,555
-20,814
| -10% | -$11.8M |
|
818
CALL
UiPath
PATH
$8.59B
| $111M | 0.01% |
6,787,600
+4,652,800
| +218% | +$72.4M |
|
819
Mastercard
MA
$525B
| $111M | 0.01% |
193,843
-31,243
| -14% | -$17.5M |
|
820
CALL
Monolithic Power Systems
MPWR
$63.2B
| $110M | 0.01% |
121,900
-70,000
| -36% | -$67.4M |
|
821
PUT
Kenvue
KVUE
$37.3B
| $110M | 0.01% |
6,400,300
-9,921,000
| -61% | -$162M |
|
822
CALL
Lennar Class A
LEN
$21.2B
| $110M | 0.01% |
1,073,200
-558,800
| -34% | -$67.5M |
|
823
CALL
CSX Corp
CSX
$95.3B
| $110M | 0.01% |
3,040,900
+335,000
| +12% | +$12M |
|
824
Comcast
CMCSA
$95.9B
| $110M | 0.01% |
3,685,959
+1,878,542
| +104% | +$53.6M |
|
825
CALL
eBay
EBAY
$47.7B
| $110M | 0.01% |
1,264,900
-708,800
| -36% | -$61.4M |
|
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.