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 | |
|---|---|---|---|---|---|---|
1051
CALL
AngloGold Ashanti
AU
$60.9B
| $76.6M | 0.01% |
898,200
+228,000
| +34% | +$17.8M |
|
1052
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$407M
| $76.3M | 0.01% |
1,666,650
-500,350
| -23% | -$30.6M |
|
1053
Alnylam Pharmaceuticals
ALNY
$31.6B
| $76.3M | 0.01% |
191,820
-385,812
| -67% | -$171M |
|
1054
CALL
Enterprise Products Partners
EPD
$82.8B
| $75.8M | 0.01% |
2,365,700
-178,500
| -7% | -$5.64M |
|
|
1055
Pinduoduo
PDD
$124B
| $75.6M | 0.01% |
666,594
-2,572,633
| -79% | -$319M |
|
1056
PUT
HSBC
HSBC
$357B
| $75.6M | 0.01% |
960,700
-168,000
| -15% | -$12M |
|
1057
iShares Semiconductor ETF
SOXX
$41.3B
| $75.5M | 0.01% |
250,753
+220,879
| +739% | +$65.1M |
|
1058
Eos Energy Enterprises
EOSE
$1.26B
| $75.4M | 0.01% |
6,578,167
+5,819,430
| +767% | +$83.6M |
|
1059
Blackstone
BX
$108B
| $75.2M | 0.01% |
487,630
+377,105
| +341% | +$57.3M |
|
1060
CALL
Kraft Heinz
KHC
$30.4B
| $75.2M | 0.01% |
3,099,200
-1,504,400
| -33% | -$37.4M |
|
1061
ConocoPhillips
COP
$160B
| $75M | 0.01% |
801,658
+411,327
| +105% | +$37.2M |
|
1062
CALL
Maplebear
CART
$12B
| $75M | 0.01% |
1,668,100
+656,800
| +65% | +$26.9M |
|
1063
PUT
Direxion Daily Financial Bull 3x ETF
FAS
$2.44B
| $74.9M | 0.01% |
444,900
-46,200
| -9% | -$7.66M |
|
1064
CALL
Comfort Systems
FIX
$56.7B
| $74.8M | 0.01% |
80,200
+12,900
| +19% | +$11.9M |
|
1065
CALL
Welltower
WELL
$173B
| $74.8M | 0.01% |
403,200
-106,000
| -21% | -$19.8M |
|
1066
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $74.8M | 0.01% |
726,200
-97,100
| -12% | -$10.3M |
|
1067
PUT
Lucid Motors
LCID
$2.01B
| $74.5M | 0.01% |
7,047,100
+187,700
| +3% | +$3M |
|
1068
CALL
Century Aluminum
CENX
$4.32B
| $74.2M | 0.01% |
1,893,800
+628,100
| +50% | +$19.6M |
|
1069
CALL
NetApp
NTAP
$36.7B
| $74.1M | 0.01% |
692,400
+281,500
| +69% | +$32.1M |
|
1070
PUT
General Mills
GIS
$21.9B
| $74M | 0.01% |
1,590,500
-1,024,400
| -39% | -$48.7M |
|
1071
CALL
Five Below
FIVE
$14.5B
| $74M | 0.01% |
392,600
+42,300
| +12% | +$6.88M |
|
1072
Constellation Energy
CEG
$96.9B
| $73.8M | 0.01% |
208,857
+51,265
| +33% | +$18.6M |
|
1073
CALL
Devon Energy
DVN
$53.1B
| $73.7M | 0.01% |
2,012,900
-1,295,300
| -39% | -$45.2M |
|
1074
CALL
Norwegian Cruise Line
NCLH
$7.91B
| $73.6M | 0.01% |
3,297,500
-722,800
| -18% | -$15.3M |
|
1075
CALL
Pultegroup
PHM
$24.7B
| $73.5M | 0.01% |
627,000
+136,100
| +28% | +$16.7M |
|
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.