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 | |
|---|---|---|---|---|---|---|
101
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.35B | 0.16% |
4,319,872
-858,547
| -17% | -$245M |
|
102
PUT
Carvana
CVNA
$76.9B
| $1.28B | 0.15% |
15,168,500
+6,347,000
| +72% | +$472M |
|
103
CALL
Strategy Inc
MSTR
$47.4B
| $1.27B | 0.15% |
8,372,800
-1,459,800
| -15% | -$336M |
|
104
PUT
Mercado Libre
MELI
$97.5B
| $1.27B | 0.15% |
631,400
-72,800
| -10% | -$153M |
|
105
PUT
Lam Research
LRCX
$393B
| $1.26B | 0.15% |
7,354,300
+2,710,900
| +58% | +$422M |
|
106
CALL
PepsiCo
PEP
$196B
| $1.23B | 0.14% |
8,587,300
+5,094,300
| +146% | +$748M |
|
107
PUT
GE Vernova
GEV
$255B
| $1.21B | 0.14% |
1,848,100
-157,100
| -8% | -$95.7M |
|
|
108
CALL
GE Vernova
GEV
$255B
| $1.19B | 0.14% |
1,821,900
+137,400
| +8% | +$83.7M |
|
|
109
CALL
Walmart Inc
WMT
$825B
| $1.18B | 0.14% |
10,549,900
+1,283,300
| +14% | +$138M |
|
110
CALL
Shopify
SHOP
$192B
| $1.17B | 0.14% |
7,281,500
+3,538,800
| +95% | +$568M |
|
111
CALL
ExxonMobil
XOM
$679B
| $1.14B | 0.13% |
9,463,600
+281,000
| +3% | +$32.6M |
|
112
CALL
Visa
V
$693B
| $1.14B | 0.13% |
3,237,300
+65,500
| +2% | +$22.3M |
|
113
PUT
lululemon athletica
LULU
$13.7B
| $1.12B | 0.13% |
5,396,800
-78,800
| -1% | -$14.3M |
|
114
CALL
Reddit
RDDT
$29.5B
| $1.12B | 0.13% |
4,862,500
-440,500
| -8% | -$92.6M |
|
|
CRWV
115
CALL
CoreWeave
CRWV
$48.5B
| $1.11B | 0.13% |
15,466,300
+829,100
| +6% | +$84.1M |
|
|
116
PUT
Visa
V
$693B
| $1.11B | 0.13% |
3,156,300
+500,800
| +19% | +$171M |
|
117
CALL
Newmont
NEM
$139B
| $1.11B | 0.13% |
11,082,600
-125,800
| -1% | -$11.4M |
|
118
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.1B | 0.13% |
20,118,900
-8,060,500
| -29% | -$438M |
|
119
CALL
Snowflake
SNOW
$115B
| $1.09B | 0.13% |
4,982,400
+143,100
| +3% | +$34.9M |
|
|
120
CALL
lululemon athletica
LULU
$13.7B
| $1.07B | 0.12% |
5,167,800
+854,200
| +20% | +$155M |
|
|
121
CALL
Mercado Libre
MELI
$97.5B
| $1.07B | 0.12% |
531,100
+109,300
| +26% | +$230M |
|
122
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $1.07B | 0.12% |
1,560,600
+165,100
| +12% | +$112M |
|
123
CALL
IBM
IBM
$222B
| $1.04B | 0.12% |
3,502,600
-777,800
| -18% | -$233M |
|
124
CALL
ServiceNow
NOW
$133B
| $1.04B | 0.12% |
6,763,500
+2,691,500
| +66% | +$462M |
|
|
125
Netflix
NFLX
$331B
| $1.03B | 0.12% |
10,977,987
+6,987,867
| +175% | +$753M |
|
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.