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 | |
|---|---|---|---|---|---|---|
76
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $1.82B | 0.21% |
18,975,200
+2,717,000
| +17% | +$258M |
|
77
PUT
Intel
INTC
$476B
| $1.82B | 0.21% |
49,209,900
+3,267,400
| +7% | +$123M |
|
78
PUT
Robinhood
HOOD
$97.2B
| $1.82B | 0.21% |
16,049,800
-2,458,100
| -13% | -$320M |
|
79
PUT
Coinbase
COIN
$49.2B
| $1.79B | 0.21% |
7,930,100
-185,300
| -2% | -$55.2M |
|
80
CALL
Salesforce
CRM
$171B
| $1.77B | 0.2% |
6,666,800
+253,800
| +4% | +$63.1M |
|
81
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.76B | 0.2% |
39,446,300
-7,307,500
| -16% | -$325M |
|
82
PUT
CrowdStrike
CRWD
$195B
| $1.73B | 0.2% |
14,792,800
-538,800
| -4% | -$68.6M |
|
83
Tesla
TSLA
$1.43T
| $1.73B | 0.2% |
3,842,657
-15,189
| -0.4% | -$6.73M |
|
84
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.68B | 0.19% |
3,502,100
+572,800
| +20% | +$271M |
|
85
PUT
ASML
ASML
$677B
| $1.68B | 0.19% |
1,568,000
-216,200
| -12% | -$226M |
|
|
86
CALL
ASML
ASML
$677B
| $1.65B | 0.19% |
1,537,800
-111,000
| -7% | -$116M |
|
87
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $1.64B | 0.19% |
4,565,700
-45,600
| -1% | -$16M |
|
88
PUT
Citigroup
C
$221B
| $1.58B | 0.18% |
13,534,800
+1,020,700
| +8% | +$106M |
|
89
CALL
JPMorgan Chase
JPM
$935B
| $1.57B | 0.18% |
4,877,200
-1,510,100
| -24% | -$468M |
|
|
90
PUT
JPMorgan Chase
JPM
$935B
| $1.56B | 0.18% |
4,852,100
-665,200
| -12% | -$206M |
|
91
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.54B | 0.18% |
28,129,200
-3,123,800
| -10% | -$170M |
|
92
Broadcom
AVGO
$1.75T
| $1.49B | 0.17% |
4,306,912
+164,643
| +4% | +$58.9M |
|
|
93
CALL
Citigroup
C
$221B
| $1.46B | 0.17% |
12,534,200
+505,100
| +4% | +$52.5M |
|
94
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.44B | 0.17% |
26,244,800
-1,617,600
| -6% | -$86.2M |
|
95
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.41B | 0.16% |
17,519,800
-2,554,200
| -13% | -$206M |
|
96
NVIDIA
NVDA
$5.2T
| $1.4B | 0.16% |
7,509,422
-402,841
| -5% | -$75M |
|
|
97
PUT
Salesforce
CRM
$171B
| $1.4B | 0.16% |
5,273,700
+108,300
| +2% | +$26.9M |
|
98
CALL
Adobe
ADBE
$109B
| $1.4B | 0.16% |
3,988,200
-154,700
| -4% | -$52.6M |
|
|
99
PUT
Adobe
ADBE
$109B
| $1.37B | 0.16% |
3,914,900
-479,300
| -11% | -$163M |
|
100
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $1.36B | 0.16% |
15,827,300
+74,200
| +0.5% | +$5.86M |
|
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.