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 | |
|---|---|---|---|---|---|---|
1226
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.6B
| $59M | 0.01% |
704,745
+391,706
| +125% | +$32.9M |
|
1227
PUT
American Tower
AMT
$83.1B
| $59M | 0.01% |
335,900
-58,500
| -15% | -$10.6M |
|
1228
Bloom Energy
BE
$60.1B
| $58.9M | 0.01% |
678,113
+427,060
| +170% | +$44.9M |
|
1229
3M
MMM
$92.3B
| $58.8M | 0.01% |
367,496
-15,809
| -4% | -$2.59M |
|
1230
PUT
Norfolk Southern
NSC
$79.3B
| $58.8M | 0.01% |
203,500
-113,300
| -36% | -$32.8M |
|
1231
PUT
Automatic Data Processing
ADP
$112B
| $58.7M | 0.01% |
228,200
-133,200
| -37% | -$35.5M |
|
|
FLG
1232
PUT
Flagstar Bank National Association
FLG
$5.57B
| $58.4M | 0.01% |
4,636,700
-704,600
| -13% | -$8.42M |
|
1233
PUT
Schwab US Dividend Equity ETF
SCHD
$112B
| $58.3M | 0.01% |
2,126,800
+918,000
| +76% | +$25M |
|
1234
PUT
Toll Brothers
TOL
$13.8B
| $58.3M | 0.01% |
430,900
-125,400
| -23% | -$17M |
|
1235
CALL
MetLife
MET
$61.1B
| $57.8M | 0.01% |
732,800
-582,500
| -44% | -$46.1M |
|
|
ETHU
1236
CALL
2x Ether ETF
ETHU
$1.2B
| $57.8M | 0.01% |
1,056,100
-82,600
| -7% | -$7M |
|
|
FISV
1237
Fiserv Inc
FISV
$28.2B
| $57.7M | 0.01% |
859,207
+348,613
| +68% | +$29.2M |
|
1238
PUT
Maplebear
CART
$12B
| $57.7M | 0.01% |
1,281,800
+418,200
| +48% | +$17.1M |
|
1239
CALL
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $57.6M | 0.01% |
401,600
+55,800
| +16% | +$7.94M |
|
1240
PUT
Rubrik
RBRK
$20.2B
| $57.6M | 0.01% |
752,900
-68,900
| -8% | -$5.29M |
|
1241
VanEck Semiconductor ETF
SMH
$64.8B
| $57.4M | 0.01% |
159,370
-68,745
| -30% | -$24.1M |
|
1242
PUT
Whirlpool
WHR
$2.62B
| $57.2M | 0.01% |
793,300
-76,200
| -9% | -$5.63M |
|
1243
CALL
The GEO Group
GEO
$4.24B
| $57.2M | 0.01% |
3,545,500
+583,200
| +20% | +$9.72M |
|
1244
CALL
Arrowhead Research
ARWR
$12.3B
| $57.1M | 0.01% |
859,900
+325,800
| +61% | +$16M |
|
1245
Vanguard Morningstar Value ETF
VTV
$194B
| $57.1M | 0.01% |
298,860
+240,808
| +415% | +$45.3M |
|
1246
Dollar Tree
DLTR
$26.3B
| $57.1M | 0.01% |
464,015
+51,815
| +13% | +$5.55M |
|
1247
CALL
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$41.1B
| $57.1M | 0.01% |
981,900
-47,300
| -5% | -$2.75M |
|
1248
Blackrock
BLK
$182B
| $57M | 0.01% |
53,284
+28,859
| +118% | +$31.5M |
|
1249
PUT
Vail Resorts
MTN
$5.35B
| $57M | 0.01% |
429,400
+9,400
| +2% | +$1.38M |
|
1250
PUT
Edwards Lifesciences
EW
$52.2B
| $57M | 0.01% |
668,900
+305,900
| +84% | +$25.1M |
|
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.