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 | |
|---|---|---|---|---|---|---|
1001
Valero Energy
VLO
$99.6B
| $83.8M | 0.01% |
514,473
+369,374
| +255% | +$62.6M |
|
|
CFLT
1002
CALL
DELISTED
Confluent
CFLT
| $83.7M | 0.01% |
2,768,500
+302,200
| +12% | +$7.42M |
|
1003
PUT
Applied Optoelectronics
AAOI
$9.1B
| $83.7M | 0.01% |
2,401,100
-1,012,300
| -30% | -$30.2M |
|
1004
Shopify
SHOP
$193B
| $83.4M | 0.01% |
518,321
-173,661
| -25% | -$27.9M |
|
1005
CALL
Howmet Aerospace
HWM
$105B
| $83.3M | 0.01% |
406,100
-158,700
| -28% | -$31.6M |
|
|
BNY
1006
PUT
Bank of New York Mellon
BNY
$110B
| $83.2M | 0.01% |
716,800
+92,900
| +15% | +$10.3M |
|
1007
CALL
Fidelity Wise Origin Bitcoin Fund
FBTC
$14.6B
| $82.9M | 0.01% |
1,087,900
+5,400
| +0.5% | +$471K |
|
1008
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $82.8M | 0.01% |
1,066,100
-265,600
| -20% | -$20.7M |
|
1009
PUT
Marathon Petroleum
MPC
$102B
| $82.5M | 0.01% |
507,500
-268,700
| -35% | -$50.2M |
|
1010
CALL
Bilibili
BILI
$6.91B
| $82.5M | 0.01% |
3,356,000
+794,300
| +31% | +$21.4M |
|
1011
Rubrik
RBRK
$20.2B
| $82.5M | 0.01% |
1,078,545
+221,441
| +26% | +$17M |
|
1012
CALL
Old National Bancorp
ONB
$9.86B
| $82.4M | 0.01% |
3,694,100
-607,200
| -14% | -$13.1M |
|
1013
CALL
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$670M
| $82.1M | 0.01% |
515,400
+55,000
| +12% | +$7.55M |
|
1014
DraftKings
DKNG
$12.9B
| $82.1M | 0.01% |
2,383,663
-353,172
| -13% | -$11.6M |
|
1015
CALL
HubSpot
HUBS
$12.2B
| $82.1M | 0.01% |
204,500
+6,100
| +3% | +$2.53M |
|
|
1016
TSMC
TSM
$2.13T
| $82M | 0.01% |
269,907
-1,129,368
| -81% | -$331M |
|
1017
PUT
Etsy
ETSY
$7.99B
| $82M | 0.01% |
1,478,400
-1,543,400
| -51% | -$94.2M |
|
1018
PUT
Williams Companies
WMB
$86.8B
| $81.9M | 0.01% |
1,363,000
+659,400
| +94% | +$39.9M |
|
1019
CALL
Tapestry
TPR
$26.4B
| $81.9M | 0.01% |
641,000
-86,900
| -12% | -$9.93M |
|
1020
CALL
Waste Management
WM
$90.5B
| $81.8M | 0.01% |
372,300
+79,900
| +27% | +$17M |
|
1021
PUT
eBay
EBAY
$47.7B
| $81.8M | 0.01% |
938,700
-662,500
| -41% | -$57.4M |
|
1022
PUT
Ares Management
ARES
$31.6B
| $81.6M | 0.01% |
504,900
+280,200
| +125% | +$43.7M |
|
1023
CALL
Domino's
DPZ
$11.5B
| $81.3M | 0.01% |
195,000
+7,200
| +4% | +$3M |
|
1024
Berkshire Hathaway Class A
BRK.A
$1.08T
| $80.8M | 0.01% |
107
+73
| +215% | +$54.5M |
|
1025
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$292M
| $80.5M | 0.01% |
2,240,900
+1,537,800
| +219% | +$77M |
|
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.