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 | |
|---|---|---|---|---|---|---|
1176
PUT
CSX Corp
CSX
$95.3B
| $64.1M | 0.01% |
1,768,200
+845,700
| +92% | +$30.3M |
|
1177
CALL
Factset
FDS
$10.9B
| $64M | 0.01% |
220,600
+159,100
| +259% | +$44.7M |
|
1178
CALL
Toronto Dominion Bank
TD
$193B
| $63.9M | 0.01% |
677,900
-15,100
| -2% | -$1.28M |
|
1179
CALL
Hewlett Packard
HPE
$69.4B
| $63.9M | 0.01% |
2,658,400
-78,500
| -3% | -$1.85M |
|
1180
CALL
First Citizens BancShares
FCNCA
$24.7B
| $63.7M | 0.01% |
29,700
-1,300
| -4% | -$2.45M |
|
1181
Nice
NICE
$5.87B
| $63.5M | 0.01% |
561,786
+117,670
| +26% | +$14.2M |
|
1182
CALL
Synchrony
SYF
$26B
| $63.5M | 0.01% |
760,600
+298,300
| +65% | +$22.8M |
|
1183
CALL
Zoetis
ZTS
$31.9B
| $63.4M | 0.01% |
503,900
-115,000
| -19% | -$15M |
|
1184
CALL
Global X Uranium ETF
URA
$6.41B
| $63.2M | 0.01% |
1,478,100
-839,600
| -36% | -$40.6M |
|
1185
PUT
Phillips 66
PSX
$96.5B
| $63.1M | 0.01% |
489,100
-333,500
| -41% | -$44.9M |
|
1186
Intuitive Surgical
ISRG
$132B
| $63.1M | 0.01% |
111,355
-75,738
| -40% | -$40.3M |
|
1187
Astera Labs
ALAB
$48.1B
| $62.9M | 0.01% |
378,004
-260,776
| -41% | -$43.6M |
|
1188
Unity
U
$20.3B
| $62.9M | 0.01% |
1,423,014
-1,744,597
| -55% | -$71.1M |
|
1189
PUT
Cleveland-Cliffs
CLF
$6.45B
| $62.6M | 0.01% |
4,716,800
-734,100
| -13% | -$9.27M |
|
1190
CALL
Peabody Energy
BTU
$3.4B
| $62.6M | 0.01% |
2,107,500
-620,900
| -23% | -$18.2M |
|
1191
Roku
ROKU
$23.5B
| $62.6M | 0.01% |
576,741
+299,955
| +108% | +$30.4M |
|
1192
PUT
ProShares UltraPro S&P 500
UPRO
$5.45B
| $62.5M | 0.01% |
539,900
+30,200
| +6% | +$3.45M |
|
1193
CALL
YPF Sociedad Anonima ADS
YPF
$20.1B
| $62.5M | 0.01% |
1,727,300
+12,000
| +0.7% | +$398K |
|
1194
PUT
iShares MSCI Japan ETF
EWJ
$22.4B
| $62.4M | 0.01% |
773,400
+692,300
| +854% | +$56.9M |
|
1195
CALL
General Mills
GIS
$21.9B
| $62.4M | 0.01% |
1,341,000
-620,500
| -32% | -$29.5M |
|
1196
CALL
Rubrik
RBRK
$20.2B
| $62.2M | 0.01% |
813,400
+356,100
| +78% | +$27.3M |
|
|
NVO
1197
Novo Nordisk
NVO
$207B
| $62.2M | 0.01% |
1,222,034
+568,343
| +87% | +$29.1M |
|
1198
CALL
Galicia Financial Group
GGAL
$6.98B
| $62.1M | 0.01% |
1,151,000
-1,553,300
| -57% | -$72.7M |
|
1199
United Airlines
UAL
$36.9B
| $62.1M | 0.01% |
555,017
-473,757
| -46% | -$47.9M |
|
1200
Coca-Cola
KO
$396B
| $62M | 0.01% |
886,630
+106,508
| +14% | +$7.42M |
|
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.