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 | |
|---|---|---|---|---|---|---|
951
iShares China Large-Cap ETF
FXI
$4.24B
| $90.1M | 0.01% |
2,351,838
+1,676,695
| +248% | +$66.5M |
|
952
CALL
Williams Companies
WMB
$86.8B
| $89.7M | 0.01% |
1,492,700
-258,900
| -15% | -$15.7M |
|
953
PUT
Cencora
COR
$61.8B
| $89.7M | 0.01% |
265,600
+142,100
| +115% | +$48.4M |
|
954
CALL
Prudential Financial
PRU
$42.3B
| $89.5M | 0.01% |
793,300
-69,700
| -8% | -$7.47M |
|
955
PUT
D.R. Horton
DHI
$41.7B
| $89.5M | 0.01% |
621,700
-194,900
| -24% | -$29.7M |
|
956
CALL
Samsara
IOT
$23.5B
| $89.5M | 0.01% |
2,525,600
-158,400
| -6% | -$6.13M |
|
957
First Majestic Silver
AG
$10.3B
| $89.2M | 0.01% |
5,355,767
+2,398,186
| +81% | +$33.3M |
|
958
CALL
Ondas Inc
ONDS
$4.7B
| $89.2M | 0.01% |
9,137,900
+2,546,900
| +39% | +$20.5M |
|
959
PUT
United Therapeutics
UTHR
$22B
| $88.9M | 0.01% |
182,500
-641,800
| -78% | -$299M |
|
960
PUT
AeroVironment
AVAV
$7.53B
| $88.8M | 0.01% |
367,000
-93,900
| -20% | -$29.5M |
|
961
Dave Inc
DAVE
$4.53B
| $88.6M | 0.01% |
400,379
+375,866
| +1,533% | +$80.9M |
|
962
PUT
Align Technology
ALGN
$11.3B
| $88.6M | 0.01% |
567,600
-83,000
| -13% | -$11.9M |
|
963
PUT
ON Semiconductor
ON
$28B
| $88.6M | 0.01% |
1,636,700
-68,700
| -4% | -$3.52M |
|
964
CrowdStrike
CRWD
$194B
| $88.4M | 0.01% |
754,744
+22,712
| +3% | +$2.89M |
|
965
PUT
Microchip Technology
MCHP
$40.3B
| $88.4M | 0.01% |
1,387,300
+416,200
| +43% | +$25.7M |
|
966
PUT
Enphase Energy
ENPH
$4.91B
| $88.3M | 0.01% |
2,754,900
-1,852,500
| -40% | -$60M |
|
967
PUT
Upstart Holdings
UPST
$2.91B
| $88.1M | 0.01% |
2,014,400
-2,098,700
| -51% | -$96.6M |
|
968
PUT
NuScale Power
SMR
$3.71B
| $88M | 0.01% |
6,209,700
+889,300
| +17% | +$25.4M |
|
969
PUT
monday.com
MNDY
$3.98B
| $88M | 0.01% |
596,200
+190,100
| +47% | +$32M |
|
970
CALL
Cboe Global Markets
CBOE
$32.2B
| $87.7M | 0.01% |
349,300
-5,800
| -2% | -$1.44M |
|
971
UiPath
PATH
$8.59B
| $87.7M | 0.01% |
5,349,177
+1,390,979
| +35% | +$21.6M |
|
972
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.52B
| $87.5M | 0.01% |
475,700
+40,500
| +9% | +$6.47M |
|
|
PSKY
973
PUT
Paramount Skydance Corp
PSKY
$11.6B
| $87.4M | 0.01% |
6,521,300
+165,100
| +3% | +$2.58M |
|
974
PUT
Kroger
KR
$36.2B
| $87.1M | 0.01% |
1,393,800
-3,800
| -0.3% | -$249K |
|
975
MP Materials
MP
$10.2B
| $87M | 0.01% |
1,721,355
+1,401,452
| +438% | +$88.9M |
|
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.