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 | |
|---|---|---|---|---|---|---|
876
CALL
Becton Dickinson
BDX
$52B
| $101M | 0.01% |
522,900
+246,000
| +89% | +$46.8M |
|
877
Airbnb
ABNB
$112B
| $101M | 0.01% |
747,669
+516,332
| +223% | +$64.3M |
|
878
PUT
Riot Platforms
RIOT
$7.51B
| $101M | 0.01% |
8,003,600
-1,413,700
| -15% | -$24.2M |
|
879
PUT
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.63B
| $101M | 0.01% |
5,304,800
-4,289,000
| -45% | -$85.3M |
|
880
PUT
Las Vegas Sands
LVS
$30.4B
| $101M | 0.01% |
1,554,300
+269,000
| +21% | +$16.5M |
|
881
CALL
XPeng
XPEV
$10.7B
| $101M | 0.01% |
4,988,000
-649,500
| -12% | -$14.1M |
|
882
PUT
Comfort Systems
FIX
$56.7B
| $101M | 0.01% |
108,300
+40,200
| +59% | +$37.1M |
|
883
PUT
Wayfair
W
$14.1B
| $101M | 0.01% |
1,005,500
-253,800
| -20% | -$24.4M |
|
|
CDTX
884
CALL
DELISTED
Cidara Therapeutics
CDTX
| $101M | 0.01% |
456,700
+352,800
| +340% | +$57M |
|
885
CALL
Johnson Controls International
JCI
$86.6B
| $101M | 0.01% |
840,500
-241,000
| -22% | -$27.7M |
|
886
PUT
MP Materials
MP
$10.2B
| $101M | 0.01% |
1,992,200
-355,800
| -15% | -$22.6M |
|
887
Ascendis Pharma A/S
ASND
$16.5B
| $100M | 0.01% |
+470,951
| New | +$97.3M |
|
888
RTX Corp
RTX
$282B
| $100M | 0.01% |
546,270
+39,609
| +8% | +$6.88M |
|
889
CALL
argenx
ARGX
$63.3B
| $100M | 0.01% |
119,100
-54,600
| -31% | -$46.7M |
|
|
GLXY
890
CALL
Galaxy Digital Inc
GLXY
$4.44B
| $100M | 0.01% |
4,476,800
-211,300
| -5% | -$6.55M |
|
891
CALL
Shell
SHEL
$257B
| $100M | 0.01% |
1,361,800
-470,900
| -26% | -$34.7M |
|
892
PUT
Hershey
HSY
$38.2B
| $99.8M | 0.01% |
548,500
-231,800
| -30% | -$42.4M |
|
893
CALL
Automatic Data Processing
ADP
$112B
| $99.7M | 0.01% |
387,700
-24,600
| -6% | -$6.55M |
|
894
Linde
LIN
$226B
| $99.6M | 0.01% |
233,656
-112,055
| -32% | -$48M |
|
895
CALL
Prologis
PLD
$136B
| $99.5M | 0.01% |
779,600
-118,000
| -13% | -$14.7M |
|
896
PUT
Okta
OKTA
$22.8B
| $99.4M | 0.01% |
1,149,700
-332,100
| -22% | -$29M |
|
897
CALL
American Electric Power
AEP
$66.4B
| $99.1M | 0.01% |
859,700
-33,200
| -4% | -$3.92M |
|
898
CALL
Veeva Systems
VEEV
$40.4B
| $99.1M | 0.01% |
443,800
-138,100
| -24% | -$36.6M |
|
899
Marriott International
MAR
$93.9B
| $99M | 0.01% |
319,003
-12,110
| -4% | -$3.46M |
|
900
Energy Transfer Partners
ET
$72.6B
| $98.8M | 0.01% |
5,994,247
+2,026,429
| +51% | +$33.7M |
|
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.