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 | |
|---|---|---|---|---|---|---|
1251
PUT
Axsome Therapeutics
AXSM
$10.8B
| $57M | 0.01% |
311,900
+26,900
| +9% | +$3.76M |
|
1252
CALL
British American Tobacco
BTI
$122B
| $57M | 0.01% |
1,005,900
-1,393,800
| -58% | -$76M |
|
|
SCHW
1253
Charles Schwab
SCHW
$197B
| $56.9M | 0.01% |
569,652
+320,491
| +129% | +$30.4M |
|
|
PPLT
1254
CALL
abrdn Physical Platinum Shares ETF
PPLT
$2.24B
| $56.9M | 0.01% |
3,052,000
+1,842,000
| +152% | +$28.4M |
|
1255
CALL
Alamos Gold
AGI
$16B
| $56.9M | 0.01% |
1,474,500
+330,800
| +29% | +$11.5M |
|
1256
Dow Inc
DOW
$22.7B
| $56.9M | 0.01% |
2,433,072
+1,792,469
| +280% | +$41.2M |
|
1257
CALL
T. Rowe Price
TROW
$24B
| $56.9M | 0.01% |
555,500
+20,300
| +4% | +$2.09M |
|
1258
PUT
Ross Stores
ROST
$77.5B
| $56.8M | 0.01% |
315,100
-51,900
| -14% | -$8.66M |
|
|
FIG
1259
CALL
Figma
FIG
$14.6B
| $56.7M | 0.01% |
1,518,400
-566,700
| -27% | -$25.6M |
|
1260
T-Mobile US
TMUS
$196B
| $56.7M | 0.01% |
279,375
-84,799
| -23% | -$18M |
|
1261
Verizon
VZ
$208B
| $56.5M | 0.01% |
1,386,027
-255,156
| -16% | -$10.3M |
|
1262
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $56.4M | 0.01% |
2,130,500
-329,900
| -13% | -$10.8M |
|
1263
Upstart Holdings
UPST
$2.91B
| $56.3M | 0.01% |
1,287,089
+324,209
| +34% | +$14.9M |
|
|
GAP
1264
PUT
The Gap Inc
GAP
$7.33B
| $56.3M | 0.01% |
2,197,800
+152,700
| +7% | +$3.7M |
|
1265
PUT
Blue Owl Capital
OWL
$18.2B
| $56.2M | 0.01% |
3,764,400
+2,349,200
| +166% | +$36.7M |
|
1266
CALL
Teck Resources
TECK
$34.4B
| $56.2M | 0.01% |
1,174,200
-92,500
| -7% | -$4.01M |
|
1267
PUT
First Majestic Silver
AG
$10.3B
| $56.2M | 0.01% |
3,374,300
+801,900
| +31% | +$11.1M |
|
1268
CALL
MGM Resorts International
MGM
$11B
| $56.1M | 0.01% |
1,536,100
+234,600
| +18% | +$7.96M |
|
1269
Pan American Silver
PAAS
$22.2B
| $55.9M | 0.01% |
1,079,519
+904,924
| +518% | +$37.9M |
|
1270
PUT
Air Products & Chemicals
APD
$68.2B
| $55.8M | 0.01% |
225,800
+84,500
| +60% | +$21.4M |
|
1271
Danaher
DHR
$151B
| $55.7M | 0.01% |
243,261
+52,692
| +28% | +$11.6M |
|
|
ETOR
1272
eToro Group
ETOR
$2.31B
| $55.7M | 0.01% |
1,584,167
-190,330
| -11% | -$7.35M |
|
1273
PUT
LPL Financial
LPLA
$28.7B
| $55.6M | 0.01% |
155,800
+90,500
| +139% | +$32M |
|
1274
CALL
BP
BP
$113B
| $55.6M | 0.01% |
1,600,800
-2,061,900
| -56% | -$72.3M |
|
1275
PUT
Stryker
SYK
$126B
| $55.4M | 0.01% |
157,700
-26,000
| -14% | -$9.47M |
|
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.