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 | |
|---|---|---|---|---|---|---|
926
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$5.38B
| $93.7M | 0.01% |
797,200
+174,300
| +28% | +$22.3M |
|
927
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $93.6M | 0.01% |
795,500
+271,400
| +52% | +$31.2M |
|
928
Trade Desk
TTD
$6.24B
| $93.6M | 0.01% |
2,466,451
+212,998
| +9% | +$9.44M |
|
929
Pfizer
PFE
$159B
| $93.6M | 0.01% |
3,758,082
-8,837,922
| -70% | -$223M |
|
930
CALL
Vale
VALE
$64B
| $93.2M | 0.01% |
7,156,200
+6,400
| +0.1% | +$77.8K |
|
931
CALL
Norfolk Southern
NSC
$79.3B
| $93.2M | 0.01% |
322,700
+60,400
| +23% | +$17.5M |
|
932
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$670M
| $93M | 0.01% |
583,400
+202,800
| +53% | +$27.8M |
|
933
CALL
Archer Aviation
ACHR
$4.67B
| $92.9M | 0.01% |
12,356,700
+4,850,200
| +65% | +$45.6M |
|
934
CALL
EOG Resources
EOG
$78.8B
| $92.8M | 0.01% |
883,700
-74,700
| -8% | -$8.02M |
|
935
PUT
Markel Group
MKL
$22.5B
| $92.6M | 0.01% |
43,100
-3,900
| -8% | -$7.9M |
|
|
NVMI
936
PUT
Nova
NVMI
$11.5B
| $92.6M | 0.01% |
282,100
+27,700
| +11% | +$8.91M |
|
937
PUT
Cardinal Health
CAH
$54B
| $92.6M | 0.01% |
450,600
+13,100
| +3% | +$2.47M |
|
938
CALL
Emerson Electric
EMR
$87.9B
| $92.4M | 0.01% |
696,400
+140,200
| +25% | +$18.6M |
|
939
PUT
Dick's Sporting Goods
DKS
$16.1B
| $92M | 0.01% |
464,700
-4,900
| -1% | -$1.07M |
|
|
CYBR
940
DELISTED
CyberArk
CYBR
| $92M | 0.01% |
206,185
+18,050
| +10% | +$8.69M |
|
|
BMNR
941
BitMine Immersion Technologies
BMNR
$14.6B
| $91.8M | 0.01% |
3,381,114
-4,308,489
| -56% | -$175M |
|
942
CALL
Enphase Energy
ENPH
$4.91B
| $91.5M | 0.01% |
2,855,200
+417,900
| +17% | +$13.5M |
|
943
CALL
Southern Company
SO
$104B
| $91.3M | 0.01% |
1,047,300
-126,700
| -11% | -$11.6M |
|
944
CALL
Akamai
AKAM
$15.2B
| $91M | 0.01% |
1,043,300
+548,800
| +111% | +$45.1M |
|
945
Alcoa
AA
$13B
| $90.9M | 0.01% |
1,710,166
+574,842
| +51% | +$23.5M |
|
946
CALL
Cytokinetics
CYTK
$10.7B
| $90.7M | 0.01% |
1,428,100
+236,800
| +20% | +$14.7M |
|
947
CALL
Tilray
TLRY
$649M
| $90.2M | 0.01% |
9,991,800
+9,268,780
| +1,282% | +$113M |
|
948
CALL
Nextpower Inc
NXT
$12.9B
| $90.2M | 0.01% |
1,035,500
-449,400
| -30% | -$40.7M |
|
949
CALL
QuantumScape Corp
QS
$3.52B
| $90.1M | 0.01% |
8,645,500
-354,300
| -4% | -$4.88M |
|
950
Procter & Gamble
PG
$341B
| $90.1M | 0.01% |
628,564
+130,816
| +26% | +$19.3M |
|
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.