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 | |
|---|---|---|---|---|---|---|
851
CALL
Grab
GRAB
$14.4B
| $105M | 0.01% |
21,132,100
+4,645,600
| +28% | +$25.7M |
|
852
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $105M | 0.01% |
881,000
-1,221,000
| -58% | -$145M |
|
853
CALL
Petrobras
PBR
$120B
| $105M | 0.01% |
8,866,200
+3,249,300
| +58% | +$39.7M |
|
854
PUT
Dow Inc
DOW
$22.7B
| $105M | 0.01% |
4,490,000
+151,100
| +3% | +$3.47M |
|
855
CALL
Viking Therapeutics
VKTX
$3.88B
| $105M | 0.01% |
2,979,100
+1,003,700
| +51% | +$35.6M |
|
856
TJX Companies
TJX
$155B
| $105M | 0.01% |
681,204
+477,210
| +234% | +$70.6M |
|
857
PUT
Atlassian
TEAM
$43.4B
| $105M | 0.01% |
644,600
-179,800
| -22% | -$28.2M |
|
858
PUT
Cummins
CMI
$78.7B
| $104M | 0.01% |
204,600
+27,500
| +16% | +$12.9M |
|
859
General Motors
GM
$76.3B
| $104M | 0.01% |
1,283,448
+242,115
| +23% | +$17.1M |
|
860
CALL
CleanSpark
CLSK
$3.06B
| $104M | 0.01% |
10,301,500
-2,627,100
| -20% | -$39.4M |
|
861
PUT
General Dynamics
GD
$104B
| $104M | 0.01% |
308,800
+67,900
| +28% | +$23.2M |
|
862
CALL
Cadence Design Systems
CDNS
$87B
| $104M | 0.01% |
332,500
-16,700
| -5% | -$5.45M |
|
863
CALL
Kroger
KR
$36.2B
| $104M | 0.01% |
1,663,400
-313,800
| -16% | -$20.5M |
|
864
PUT
Cipher Digital
CIFR
$6.37B
| $104M | 0.01% |
7,036,900
+1,345,600
| +24% | +$23.8M |
|
865
CALL
iShares US Home Construction ETF
ITB
$2.28B
| $104M | 0.01% |
1,078,000
+241,500
| +29% | +$24.4M |
|
866
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $104M | 0.01% |
2,426,800
-457,400
| -16% | -$20.3M |
|
|
RNAM
867
PUT
DELISTED
Avidity Biosciences
RNAM
| $103M | 0.01% |
1,427,100
+1,231,100
| +628% | +$79.5M |
|
868
CALL
Amphenol
APH
$192B
| $103M | 0.01% |
761,500
-194,100
| -20% | -$26M |
|
869
CALL
Kinder Morgan
KMI
$69B
| $103M | 0.01% |
3,738,500
-1,135,300
| -23% | -$30.7M |
|
870
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $102M | 0.01% |
1,201,100
-666,900
| -36% | -$56M |
|
871
Spotify
SPOT
$111B
| $102M | 0.01% |
176,264
+117,909
| +202% | +$73.7M |
|
872
PUT
Centrus Energy
LEU
$3.53B
| $102M | 0.01% |
420,200
-30,400
| -7% | -$9.18M |
|
873
CALL
AstraZeneca
AZN
$259B
| $102M | 0.01% |
554,700
-177,700
| -24% | -$31.2M |
|
|
ABVX
874
Abivax
ABVX
$10.1B
| $102M | 0.01% |
754,836
+720,222
| +2,081% | +$78.6M |
|
|
875
CALL
Atlassian
TEAM
$43.4B
| $102M | 0.01% |
626,400
+326,500
| +109% | +$51.2M |
|
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.