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 | |
|---|---|---|---|---|---|---|
1201
PUT
TotalEnergies
TTE
$198B
| $62M | 0.01% |
947,200
-321,000
| -25% | -$20.3M |
|
1202
SLB Ltd
SLB
$80.1B
| $61.9M | 0.01% |
1,611,612
+771,540
| +92% | +$28M |
|
1203
CALL
Archer Daniels Midland
ADM
$37.7B
| $61.7M | 0.01% |
1,072,600
+80,200
| +8% | +$4.79M |
|
1204
NuScale Power
SMR
$3.71B
| $61.6M | 0.01% |
4,344,023
+3,120,523
| +255% | +$89.2M |
|
1205
PUT
GitLab
GTLB
$7.1B
| $61.5M | 0.01% |
1,639,600
+271,500
| +20% | +$11.8M |
|
|
YB
1206
Yuanbao Inc
YB
$629M
| $61.5M | 0.01% |
3,035,308
| – | – |
|
1207
Philip Morris
PM
$298B
| $61.5M | 0.01% |
383,334
+128,710
| +51% | +$19.9M |
|
1208
CALL
Cintas
CTAS
$83B
| $61.4M | 0.01% |
326,400
-103,200
| -24% | -$19.4M |
|
1209
CALL
PACS Group
PACS
$7.01B
| $61.3M | 0.01% |
1,596,400
+1,267,100
| +385% | +$27.8M |
|
1210
CALL
Yum! Brands
YUM
$42.9B
| $61.1M | 0.01% |
403,700
-153,000
| -27% | -$22.7M |
|
1211
Lennar Class A
LEN
$21.2B
| $61M | 0.01% |
592,980
+369,408
| +165% | +$44.6M |
|
1212
Schwab Fundamental International Large Company Index ETF
FNDF
$26B
| $60.8M | 0.01% |
1,345,522
+1,165,697
| +648% | +$51.6M |
|
1213
American Airlines Group
AAL
$9.02B
| $60.8M | 0.01% |
3,964,893
-2,666,708
| -40% | -$36M |
|
1214
Sherwin-Williams
SHW
$84.2B
| $60.8M | 0.01% |
187,561
+71,021
| +61% | +$23.8M |
|
|
EXAS
1215
PUT
DELISTED
Exact Sciences
EXAS
| $60.1M | 0.01% |
591,600
+162,800
| +38% | +$13.1M |
|
1216
Arista Networks
ANET
$237B
| $59.9M | 0.01% |
457,030
-682,047
| -60% | -$93.9M |
|
1217
PUT
Li Auto
LI
$12.2B
| $59.8M | 0.01% |
3,532,500
+501,300
| +17% | +$9.94M |
|
1218
PUT
American Electric Power
AEP
$66.4B
| $59.7M | 0.01% |
517,800
+73,600
| +17% | +$8.69M |
|
1219
PUT
SAP
SAP
$252B
| $59.7M | 0.01% |
245,800
-29,400
| -11% | -$7.49M |
|
1220
PUT
Shell
SHEL
$257B
| $59.5M | 0.01% |
810,400
-34,100
| -4% | -$2.51M |
|
1221
PUT
FirstEnergy
FE
$26.9B
| $59.3M | 0.01% |
1,324,300
+1,081,800
| +446% | +$49.7M |
|
1222
PUT
Becton Dickinson
BDX
$52B
| $59.3M | 0.01% |
305,500
+112,700
| +58% | +$21.4M |
|
1223
CALL
American Eagle Outfitters
AEO
$2.83B
| $59.2M | 0.01% |
2,245,700
+86,300
| +4% | +$1.71M |
|
1224
PUT
Akamai
AKAM
$15.2B
| $59.2M | 0.01% |
678,000
+228,200
| +51% | +$18.8M |
|
1225
CALL
Powell Industries
POWL
$6.89B
| $59M | 0.01% |
555,600
-99,900
| -15% | -$11.2M |
|
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.