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 | |
|---|---|---|---|---|---|---|
976
CALL
Hershey
HSY
$38.2B
| $86.9M | 0.01% |
477,500
-307,700
| -39% | -$56.3M |
|
977
CALL
BHP
BHP
$247B
| $86.8M | 0.01% |
1,437,700
+436,600
| +44% | +$24.8M |
|
978
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.71B
| $86.8M | 0.01% |
837,600
+330,400
| +65% | +$32.6M |
|
979
CALL
Align Technology
ALGN
$11.3B
| $86.8M | 0.01% |
555,700
+53,000
| +11% | +$7.6M |
|
980
PUT
Deckers Outdoor
DECK
$12.5B
| $86.7M | 0.01% |
836,100
+304,900
| +57% | +$28.6M |
|
981
PUT
British American Tobacco
BTI
$122B
| $86.6M | 0.01% |
1,529,600
-61,000
| -4% | -$3.33M |
|
982
PUT
Zillow
Z
$8.33B
| $86.5M | 0.01% |
1,267,600
-116,100
| -8% | -$8.41M |
|
983
PUT
AngloGold Ashanti
AU
$60.9B
| $86.4M | 0.01% |
1,013,200
+63,100
| +7% | +$4.92M |
|
984
CALL
Nutanix
NTNX
$18B
| $86.3M | 0.01% |
1,670,400
-396,200
| -19% | -$24.2M |
|
|
FINV
985
FinVolution Group
FINV
$1.02B
| $86.3M | 0.01% |
16,492,230
-2,600
| -0% | -$15.3K |
|
986
W.W. Grainger
GWW
$62.3B
| $86.2M | 0.01% |
85,462
+81,979
| +2,354% | +$79.5M |
|
987
United Parcel Service
UPS
$87.4B
| $86M | 0.01% |
866,738
+347,509
| +67% | +$32.5M |
|
988
CALL
Aflac
AFL
$59.3B
| $85.9M | 0.01% |
778,700
-28,800
| -4% | -$3.17M |
|
989
CALL
Illumina
ILMN
$33.7B
| $85.7M | 0.01% |
653,200
+97,100
| +17% | +$11.4M |
|
990
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.22B
| $85.1M | 0.01% |
2,280,700
-291,500
| -11% | -$11.8M |
|
991
PUT
Pinterest
PINS
$13.3B
| $85.1M | 0.01% |
3,285,800
+876,500
| +36% | +$25.2M |
|
|
FLG
992
CALL
Flagstar Bank National Association
FLG
$5.57B
| $84.9M | 0.01% |
6,746,700
-126,700
| -2% | -$1.51M |
|
993
CALL
Tenet Healthcare
THC
$22.4B
| $84.9M | 0.01% |
427,400
-53,900
| -11% | -$10.9M |
|
994
Medtronic
MDT
$119B
| $84.8M | 0.01% |
882,614
+646,038
| +273% | +$62.8M |
|
995
Delta Air Lines
DAL
$54.2B
| $84.3M | 0.01% |
1,215,263
+421,003
| +53% | +$26.3M |
|
996
CALL
Kinross Gold
KGC
$39.1B
| $84.3M | 0.01% |
2,993,400
-926,500
| -24% | -$24.1M |
|
997
PUT
Equinix
EQIX
$104B
| $84.2M | 0.01% |
109,900
-93,000
| -46% | -$72.9M |
|
998
CALL
Cleveland-Cliffs
CLF
$6.45B
| $84.1M | 0.01% |
6,334,100
-3,229,600
| -34% | -$40.8M |
|
999
CALL
Caesars Entertainment
CZR
$6.04B
| $83.9M | 0.01% |
3,585,700
+1,605,000
| +81% | +$36.1M |
|
1000
PUT
Marathon Digital Holdings
MARA
$4.32B
| $83.9M | 0.01% |
9,337,900
-2,623,100
| -22% | -$38.7M |
|
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.