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 | |
|---|---|---|---|---|---|---|
1301
CALL
Trip.com Group
TCOM
$29B
| $53.7M | 0.01% |
746,600
-187,900
| -20% | -$13.4M |
|
1302
PUT
Kinder Morgan
KMI
$69B
| $53.7M | 0.01% |
1,952,600
-1,185,700
| -38% | -$32M |
|
|
NGD
1303
CALL
DELISTED
New Gold Inc
NGD
| $53.7M | 0.01% |
6,161,600
+770,600
| +14% | +$5.8M |
|
1304
AST SpaceMobile
ASTS
$18.7B
| $53.7M | 0.01% |
738,888
-2,771,782
| -79% | -$198M |
|
|
SEI
1305
CALL
Solaris Energy Infrastructure
SEI
$3.52B
| $53.6M | 0.01% |
1,167,000
+855,300
| +274% | +$41.4M |
|
1306
CALL
Roper Technologies
ROP
$41.1B
| $53.6M | 0.01% |
120,400
+74,400
| +162% | +$34.5M |
|
1307
PUT
Diamondback Energy
FANG
$57.6B
| $53.6M | 0.01% |
356,400
-191,900
| -35% | -$28.3M |
|
1308
PUT
Old National Bancorp
ONB
$9.86B
| $53.6M | 0.01% |
2,401,000
-629,100
| -21% | -$13.6M |
|
1309
CALL
e.l.f. Beauty
ELF
$6.25B
| $53.6M | 0.01% |
704,400
-414,500
| -37% | -$40.8M |
|
1310
CALL
MPLX
MPLX
$59.3B
| $53.5M | 0.01% |
1,002,900
+311,300
| +45% | +$16.2M |
|
1311
PUT
iShares Gold Trust
IAU
$69B
| $53.5M | 0.01% |
659,300
+369,900
| +128% | +$28.9M |
|
1312
PUT
AB InBev
BUD
$156B
| $53.4M | 0.01% |
833,600
+122,100
| +17% | +$7.58M |
|
1313
CALL
Invesco KBW Bank ETF
KBWB
$6.79B
| $53.4M | 0.01% |
633,100
+403,700
| +176% | +$31.9M |
|
1314
PUT
Toast
TOST
$21.2B
| $53.3M | 0.01% |
1,500,800
-101,100
| -6% | -$3.64M |
|
1315
Boston Scientific
BSX
$71B
| $53M | 0.01% |
555,970
+73,413
| +15% | +$7.2M |
|
1316
B2Gold
BTG
$7.56B
| $53M | 0.01% |
11,751,956
+4,302,474
| +58% | +$20.1M |
|
1317
Hims & Hers Health
HIMS
$7.25B
| $53M | 0.01% |
1,631,839
+435,795
| +36% | +$18.7M |
|
1318
PUT
Illumina
ILMN
$33.7B
| $52.9M | 0.01% |
403,300
+23,500
| +6% | +$2.76M |
|
1319
CALL
ProShares Ultra Gold
UGL
$929M
| $52.7M | 0.01% |
948,800
+275,400
| +41% | +$14.4M |
|
1320
CALL
Flutter Entertainment
FLUT
$17.8B
| $52.7M | 0.01% |
244,900
-68,700
| -22% | -$15.5M |
|
1321
PUT
NIO
NIO
$10.9B
| $52.6M | 0.01% |
10,309,800
-4,025,600
| -28% | -$24.8M |
|
1322
CALL
Ares Management
ARES
$31.6B
| $52.4M | 0.01% |
324,400
+37,900
| +13% | +$5.9M |
|
|
CYBR
1323
CALL
DELISTED
CyberArk
CYBR
| $52.4M | 0.01% |
117,400
-88,800
| -43% | -$42.7M |
|
1324
Vale
VALE
$64B
| $52.3M | 0.01% |
4,015,527
-2,283,650
| -36% | -$27.7M |
|
1325
PUT
Toronto Dominion Bank
TD
$193B
| $52M | 0.01% |
552,500
-238,000
| -30% | -$20.1M |
|
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.