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 | |
|---|---|---|---|---|---|---|
826
CALL
Ferrari
RACE
$74.6B
| $110M | 0.01% |
298,100
+193,700
| +186% | +$77.5M |
|
827
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.52B
| $110M | 0.01% |
596,300
+162,900
| +38% | +$26M |
|
828
Starbucks
SBUX
$123B
| $109M | 0.01% |
1,292,477
+802,422
| +164% | +$67.7M |
|
829
PUT
Kraft Heinz
KHC
$30.4B
| $109M | 0.01% |
4,487,400
+360,200
| +9% | +$8.96M |
|
830
CALL
Tower Semiconductor
TSEM
$23.9B
| $109M | 0.01% |
924,500
+553,600
| +149% | +$53.3M |
|
831
Intuit
INTU
$101B
| $108M | 0.01% |
163,697
+8,835
| +6% | +$5.84M |
|
832
CALL
AeroVironment
AVAV
$7.53B
| $108M | 0.01% |
448,100
+54,300
| +14% | +$17.1M |
|
833
PUT
AstraZeneca
AZN
$259B
| $108M | 0.01% |
588,500
+66,350
| +13% | +$11.6M |
|
834
Bank of America
BAC
$436B
| $108M | 0.01% |
1,962,462
+627,551
| +47% | +$33.2M |
|
835
CALL
Cardinal Health
CAH
$54B
| $108M | 0.01% |
523,800
+129,500
| +33% | +$24.4M |
|
836
CALL
Progressive
PGR
$130B
| $107M | 0.01% |
471,600
-55,600
| -11% | -$12.6M |
|
837
PUT
Corning
GLW
$125B
| $107M | 0.01% |
1,224,400
-197,100
| -14% | -$17M |
|
838
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$675M
| $107M | 0.01% |
2,515,800
-915,000
| -27% | -$43.4M |
|
839
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $107M | 0.01% |
1,660,500
+489,000
| +42% | +$30.9M |
|
840
PUT
DexCom
DXCM
$34.4B
| $107M | 0.01% |
1,610,400
+150,200
| +10% | +$9.71M |
|
841
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $107M | 0.01% |
177,104
+13,199
| +8% | +$7.9M |
|
842
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$107M
| $107M | 0.01% |
3,025,600
+718,600
| +31% | +$22.5M |
|
843
PUT
Southwest Airlines
LUV
$19.9B
| $107M | 0.01% |
2,580,700
-3,186,900
| -55% | -$111M |
|
844
Cigna
CI
$74.1B
| $107M | 0.01% |
387,436
-28,484
| -7% | -$7.99M |
|
845
PUT
Eos Energy Enterprises
EOSE
$1.26B
| $106M | 0.01% |
9,282,700
+3,790,200
| +69% | +$54.5M |
|
846
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $106M | 0.01% |
685,246
+607,946
| +786% | +$93.5M |
|
847
CALL
ProShares Ultra QQQ
QLD
$13.6B
| $106M | 0.01% |
1,505,900
-102,700
| -6% | -$7.28M |
|
848
Global X Copper Miners ETF NEW
COPX
$8.65B
| $106M | 0.01% |
1,475,589
+1,469,804
| +25,407% | +$94.2M |
|
|
849
CALL
DexCom
DXCM
$34.4B
| $106M | 0.01% |
1,594,500
+268,800
| +20% | +$17.4M |
|
850
CALL
Phillips 66
PSX
$96.5B
| $106M | 0.01% |
819,600
-225,600
| -22% | -$30.4M |
|
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.