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 | |
|---|---|---|---|---|---|---|
1026
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $80.5M | 0.01% |
857,500
-84,600
| -9% | -$8.06M |
|
1027
Reddit
RDDT
$29.4B
| $80.5M | 0.01% |
350,173
+143,367
| +69% | +$30.2M |
|
1028
CALL
Simon Property Group
SPG
$71.4B
| $80.5M | 0.01% |
434,700
-74,200
| -15% | -$13.5M |
|
1029
PUT
EOG Resources
EOG
$78.8B
| $80.4M | 0.01% |
765,200
-29,600
| -4% | -$3.18M |
|
1030
PUT
UBS Group
UBS
$164B
| $79.9M | 0.01% |
1,726,000
+17,400
| +1% | +$703K |
|
1031
CALL
HSBC
HSBC
$357B
| $79.2M | 0.01% |
1,006,800
-156,000
| -13% | -$11.2M |
|
1032
PUT
Pan American Silver
PAAS
$22.2B
| $79.2M | 0.01% |
1,527,800
-78,400
| -5% | -$3.28M |
|
|
CDTX
1033
PUT
DELISTED
Cidara Therapeutics
CDTX
| $79.1M | 0.01% |
357,900
-47,500
| -12% | -$7.68M |
|
1034
PUT
Digital Realty Trust
DLR
$69.8B
| $78.9M | 0.01% |
509,800
+176,500
| +53% | +$29M |
|
1035
CALL
First Horizon
FHN
$11.6B
| $78.9M | 0.01% |
3,299,900
+2,534,700
| +331% | +$56.5M |
|
1036
CALL
Dominion Energy
D
$58.6B
| $78.8M | 0.01% |
1,345,700
+375,600
| +39% | +$22.6M |
|
1037
CALL
Snap
SNAP
$9.35B
| $78.6M | 0.01% |
9,744,900
-204,700
| -2% | -$1.62M |
|
|
EXAS
1038
CALL
DELISTED
Exact Sciences
EXAS
| $78.3M | 0.01% |
770,800
+333,800
| +76% | +$26.8M |
|
1039
Cheniere Energy
LNG
$58B
| $78.2M | 0.01% |
402,335
+167,251
| +71% | +$35.1M |
|
1040
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$346M
| $78.2M | 0.01% |
773,900
+100,600
| +15% | +$9.46M |
|
1041
iShares Silver Trust
SLV
$33.5B
| $78M | 0.01% |
1,210,365
-220,873
| -15% | -$11.1M |
|
1042
CALL
Oscar Health
OSCR
$9.82B
| $77.8M | 0.01% |
5,413,500
+273,500
| +5% | +$4.73M |
|
1043
CALL
Eos Energy Enterprises
EOSE
$1.26B
| $77.7M | 0.01% |
6,782,000
-1,498,800
| -18% | -$21.5M |
|
1044
CALL
Lucid Motors
LCID
$2.01B
| $77.6M | 0.01% |
7,340,400
-116,500
| -2% | -$1.86M |
|
1045
CALL
Southern Copper
SCCO
$181B
| $77.5M | 0.01% |
557,152
+203,906
| +58% | +$26.7M |
|
1046
CALL
Invesco NASDAQ 100 ETF
QQQM
$103B
| $77.2M | 0.01% |
305,300
-161,700
| -35% | -$40.8M |
|
1047
CALL
Equinix
EQIX
$104B
| $76.9M | 0.01% |
100,400
-51,000
| -34% | -$40M |
|
|
NBIS
1048
Nebius Group N.V.
NBIS
$57.3B
| $76.7M | 0.01% |
916,512
+485,826
| +113% | +$50.4M |
|
1049
PUT
Waste Management
WM
$90.5B
| $76.7M | 0.01% |
349,000
+20,300
| +6% | +$4.33M |
|
1050
PUT
Mondelez International
MDLZ
$82.6B
| $76.6M | 0.01% |
1,423,700
+532,700
| +60% | +$30.7M |
|
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.