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 | |
|---|---|---|---|---|---|---|
1076
PUT
Motorola Solutions
MSI
$79.7B
| $73.3M | 0.01% |
191,100
+122,700
| +179% | +$49.3M |
|
1077
PUT
Molina Healthcare
MOH
$10.4B
| $73.2M | 0.01% |
421,900
+302,900
| +255% | +$49.8M |
|
1078
CALL
Autodesk
ADSK
$53.7B
| $73.2M | 0.01% |
247,300
-87,000
| -26% | -$26.3M |
|
1079
CALL
Shift4
FOUR
$3.79B
| $73.1M | 0.01% |
1,160,100
+278,500
| +32% | +$19.7M |
|
1080
PUT
e.l.f. Beauty
ELF
$6.25B
| $73M | 0.01% |
960,400
-18,300
| -2% | -$1.8M |
|
|
GRAL
1081
CALL
GRAIL Inc
GRAL
$3.42B
| $73M | 0.01% |
853,100
+213,500
| +33% | +$18.4M |
|
1082
CALL
Signet Jewelers
SIG
$3.24B
| $73M | 0.01% |
880,400
+401,000
| +84% | +$38.1M |
|
1083
PUT
Wingstop
WING
$3.18B
| $72.8M | 0.01% |
305,400
-119,000
| -28% | -$29.5M |
|
1084
Roblox
RBLX
$27.7B
| $72.7M | 0.01% |
896,751
+466,273
| +108% | +$49.5M |
|
1085
Ford
F
$55.5B
| $72.3M | 0.01% |
5,511,350
+1,705,600
| +45% | +$22M |
|
1086
CALL
NRG Energy
NRG
$23.5B
| $72.2M | 0.01% |
453,100
-166,700
| -27% | -$27.6M |
|
1087
Gilead Sciences
GILD
$182B
| $71.9M | 0.01% |
586,023
+166,717
| +40% | +$20.3M |
|
1088
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $71.8M | 0.01% |
746,800
-1,964,700
| -72% | -$190M |
|
1089
PUT
Snap
SNAP
$9.35B
| $71.7M | 0.01% |
8,882,200
-6,763,800
| -43% | -$53.5M |
|
1090
CALL
Mettler-Toledo International
MTD
$28B
| $71.7M | 0.01% |
51,400
-10,800
| -17% | -$15.1M |
|
1091
CALL
Dick's Sporting Goods
DKS
$16.1B
| $71.6M | 0.01% |
361,800
-263,200
| -42% | -$57.4M |
|
1092
NXP Semiconductors
NXPI
$56.1B
| $71.5M | 0.01% |
329,504
+247,219
| +300% | +$53M |
|
1093
ServiceNow
NOW
$132B
| $71.5M | 0.01% |
466,723
-331,672
| -42% | -$56.9M |
|
1094
Regeneron Pharmaceuticals
REGN
$85.3B
| $71.4M | 0.01% |
92,461
-97,715
| -51% | -$66.4M |
|
1095
CALL
Toll Brothers
TOL
$13.8B
| $71.2M | 0.01% |
526,500
-36,900
| -7% | -$5.01M |
|
1096
CALL
PNC Financial Services
PNC
$97.2B
| $71.1M | 0.01% |
340,700
-125,400
| -27% | -$24.2M |
|
1097
PUT
ZIM Integrated Shipping Services
ZIM
$3.42B
| $71.1M | 0.01% |
3,349,000
-7,900
| -0.2% | -$133K |
|
1098
PUT
Prologis
PLD
$136B
| $71.1M | 0.01% |
556,900
-132,900
| -19% | -$16.6M |
|
1099
IonQ
IONQ
$16.6B
| $71M | 0.01% |
1,583,208
+315,930
| +25% | +$17.7M |
|
1100
GameStop
GME
$8.09B
| $71M | 0.01% |
3,536,711
-4,739,839
| -57% | -$106M |
|
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.