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 | |
|---|---|---|---|---|---|---|
1126
State Street SPDR S&P Regional Banking ETF
KRE
$4.06B
| $68.8M | 0.01% |
1,062,241
-156,002
| -13% | -$9.8M |
|
1127
PUT
Prudential Financial
PRU
$42.3B
| $68.8M | 0.01% |
609,100
-439,400
| -42% | -$47.1M |
|
1128
CALL
TE Connectivity
TEL
$58.6B
| $68.7M | 0.01% |
301,800
+229,000
| +315% | +$53M |
|
1129
CALL
Warrior Met Coal
HCC
$5.63B
| $68.5M | 0.01% |
777,300
+733,100
| +1,659% | +$55.1M |
|
1130
American Express
AXP
$228B
| $68.5M | 0.01% |
185,187
-63,013
| -25% | -$22.5M |
|
1131
PUT
HubSpot
HUBS
$12.2B
| $68.3M | 0.01% |
170,100
+55,400
| +48% | +$22.9M |
|
1132
PUT
Wolfspeed
WOLF
$1.29B
| $68.2M | 0.01% |
3,917,300
-2,999,600
| -43% | -$68.8M |
|
1133
CALL
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$354M
| $68.2M | 0.01% |
1,922,100
+1,191,900
| +163% | +$43.6M |
|
1134
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $68M | 0.01% |
+872,963
| New | +$68.3M |
|
|
P
1135
CALL
Everpure Inc
P
$33.4B
| $68M | 0.01% |
1,014,200
+197,300
| +24% | +$16.5M |
|
|
CYBR
1136
PUT
DELISTED
CyberArk
CYBR
| $67.9M | 0.01% |
152,300
-70,500
| -32% | -$33.9M |
|
1137
Credo Technology Group
CRDO
$41.5B
| $67.9M | 0.01% |
471,761
-32,426
| -6% | -$4.99M |
|
1138
PUT
Devon Energy
DVN
$53.1B
| $67.5M | 0.01% |
1,843,800
-1,343,800
| -42% | -$46.9M |
|
1139
CALL
Kratos Defense & Security Solutions
KTOS
$9.96B
| $67.5M | 0.01% |
889,400
-178,400
| -17% | -$14.6M |
|
1140
PUT
Parker-Hannifin
PH
$128B
| $67.3M | 0.01% |
76,600
-26,500
| -26% | -$21.7M |
|
1141
CALL
Realty Income
O
$59.8B
| $67.3M | 0.01% |
1,194,200
-338,700
| -22% | -$19.6M |
|
1142
Sea Limited
SE
$70.9B
| $67.3M | 0.01% |
527,561
+312,835
| +146% | +$46.3M |
|
1143
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$42B
| $67.3M | 0.01% |
+1,514,657
| New | +$66.2M |
|
1144
Hecla Mining
HL
$13.7B
| $67.2M | 0.01% |
3,502,776
-348,636
| -9% | -$5.33M |
|
1145
CALL
NuScale Power
SMR
$3.71B
| $67.2M | 0.01% |
4,740,800
+1,440,400
| +44% | +$41.2M |
|
|
1146
CALL
Parker-Hannifin
PH
$128B
| $67.1M | 0.01% |
76,300
-9,100
| -11% | -$7.45M |
|
1147
PUT
Lemonade
LMND
$4.17B
| $66.9M | 0.01% |
940,500
-63,600
| -6% | -$4.27M |
|
1148
PUT
Norwegian Cruise Line
NCLH
$7.91B
| $66.9M | 0.01% |
2,998,200
-1,153,400
| -28% | -$24.4M |
|
1149
CALL
Stryker
SYK
$126B
| $66.8M | 0.01% |
190,000
-77,000
| -29% | -$28.1M |
|
|
JBS
1150
CALL
JBS N.V.
JBS
$45.7B
| $66.8M | 0.01% |
4,629,500
+1,070,200
| +30% | +$14.7M |
|
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.