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 | |
|---|---|---|---|---|---|---|
1101
Albemarle
ALB
$16.7B
| $71M | 0.01% |
501,917
+422,255
| +530% | +$47.9M |
|
1102
CALL
Dutch Bros
BROS
$7.17B
| $71M | 0.01% |
1,159,600
+495,900
| +75% | +$28.2M |
|
1103
CALL
Madrigal Pharmaceuticals
MDGL
$11.8B
| $70.9M | 0.01% |
121,800
-20,200
| -14% | -$10.3M |
|
1104
CALL
iShares MSCI South Korea ETF
EWY
$27B
| $70.9M | 0.01% |
729,300
-1,238,000
| -63% | -$113M |
|
1105
PUT
Five Below
FIVE
$14.5B
| $70.9M | 0.01% |
376,300
+214,800
| +133% | +$34.9M |
|
1106
CALL
Revolution Medicines
RVMD
$45.3B
| $70.7M | 0.01% |
887,100
+133,900
| +18% | +$8.78M |
|
1107
PUT
Southern Copper
SCCO
$181B
| $70.6M | 0.01% |
506,951
+247,162
| +95% | +$32.3M |
|
1108
CALL
Oneok
OKE
$58.6B
| $70.4M | 0.01% |
957,900
+19,700
| +2% | +$1.4M |
|
1109
CALL
GE HealthCare
GEHC
$33.5B
| $70.3M | 0.01% |
857,200
+318,700
| +59% | +$24.8M |
|
1110
CALL
Grayscale Bitcoin Trust
GBTC
$11.8B
| $70.2M | 0.01% |
1,027,200
+590,900
| +135% | +$46.3M |
|
1111
CALL
Darling Ingredients
DAR
$9.83B
| $70.1M | 0.01% |
1,948,200
+850,600
| +77% | +$28.8M |
|
1112
PUT
United States Natural Gas Fund
UNG
$511M
| $70.1M | 0.01% |
5,719,000
+846,000
| +17% | +$11.4M |
|
1113
Galicia Financial Group
GGAL
$6.98B
| $70.1M | 0.01% |
1,298,700
-1,042,411
| -45% | -$48.8M |
|
1114
PUT
ResMed
RMD
$33.5B
| $69.8M | 0.01% |
289,800
+63,700
| +28% | +$16.3M |
|
1115
Super Micro Computer
SMCI
$22.8B
| $69.7M | 0.01% |
2,382,761
+1,897,875
| +391% | +$78.1M |
|
|
DOCU
1116
PUT
DocuSign
DOCU
$11.9B
| $69.6M | 0.01% |
1,018,200
-269,700
| -21% | -$18.7M |
|
1117
PUT
MSCI
MSCI
$41.5B
| $69.5M | 0.01% |
121,100
-48,000
| -28% | -$26.9M |
|
1118
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.63B
| $69.4M | 0.01% |
3,629,126
+1,468,031
| +68% | +$29.2M |
|
1119
CALL
Crocs
CROX
$6.03B
| $69.3M | 0.01% |
810,900
-174,500
| -18% | -$14.6M |
|
1120
PUT
Royal Gold
RGLD
$22.3B
| $69.3M | 0.01% |
311,900
+150,600
| +93% | +$29.9M |
|
1121
PUT
Veeva Systems
VEEV
$40.4B
| $69.2M | 0.01% |
310,000
+88,100
| +40% | +$23.4M |
|
1122
CALL
Antero Resources
AR
$11.7B
| $69.2M | 0.01% |
2,007,900
+1,437,900
| +252% | +$48.7M |
|
1123
CALL
American International
AIG
$40.5B
| $68.9M | 0.01% |
805,700
+391,200
| +94% | +$31.3M |
|
1124
CALL
ProShares UltraPro S&P 500
UPRO
$5.45B
| $68.9M | 0.01% |
594,900
-160,900
| -21% | -$18.4M |
|
1125
PUT
Carrier Global
CARR
$49.4B
| $68.9M | 0.01% |
1,303,100
-55,400
| -4% | -$3.08M |
|
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.