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 | |
|---|---|---|---|---|---|---|
1351
CALL
Comstock Resources
CRK
$4.19B
| $50.7M | 0.01% |
2,185,100
+1,934,700
| +773% | +$42.6M |
|
1352
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $50.6M | 0.01% |
430,200
-165,900
| -28% | -$19.1M |
|
1353
PUT
Clorox
CLX
$13B
| $50.6M | 0.01% |
502,100
-82,800
| -14% | -$8.99M |
|
1354
Schwab Emerging Markets Equity ETF
SCHE
$12.8B
| $50.6M | 0.01% |
1,544,876
+1,507,512
| +4,035% | +$50.3M |
|
|
TEM
1355
Tempus AI
TEM
$11.9B
| $50.6M | 0.01% |
856,674
+473,637
| +124% | +$37.1M |
|
1356
CALL
Centrus Energy
LEU
$3.53B
| $50.6M | 0.01% |
208,300
-265,000
| -56% | -$80M |
|
1357
PUT
XPeng
XPEV
$10.7B
| $50.4M | 0.01% |
2,486,900
-1,656,500
| -40% | -$35.9M |
|
|
PSKY
1358
CALL
Paramount Skydance Corp
PSKY
$11.6B
| $50.4M | 0.01% |
3,762,500
-3,872,400
| -51% | -$60.5M |
|
1359
CALL
Ross Stores
ROST
$77.5B
| $50.3M | 0.01% |
279,100
-146,000
| -34% | -$24.4M |
|
1360
CALL
Trane Technologies
TT
$99.7B
| $50.1M | 0.01% |
128,800
+4,600
| +4% | +$1.9M |
|
1361
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $50.1M | 0.01% |
474,300
-578,400
| -55% | -$63.6M |
|
|
XYZ
1362
Block Inc
XYZ
$48.9B
| $50.1M | 0.01% |
770,011
-387,319
| -33% | -$26.7M |
|
1363
Viking Therapeutics
VKTX
$3.88B
| $50.1M | 0.01% |
1,423,831
-675,733
| -32% | -$23.9M |
|
|
CNR
1364
CALL
Core Natural Resources Inc
CNR
$4.78B
| $50M | 0.01% |
565,400
-526,600
| -48% | -$44.9M |
|
1365
PUT
Zoetis
ZTS
$31.9B
| $50M | 0.01% |
397,700
-211,100
| -35% | -$27.5M |
|
1366
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$5.38B
| $50M | 0.01% |
425,800
+173,600
| +69% | +$22.2M |
|
1367
PUT
AGNC Investment
AGNC
$13B
| $50M | 0.01% |
4,666,600
+2,147,100
| +85% | +$22.1M |
|
1368
PUT
abrdn Physical Palladium Shares ETF
PALL
$708M
| $50M | 0.01% |
1,720,000
+1,508,500
| +713% | +$40.6M |
|
1369
PUT
SiriusXM
SIRI
$9.59B
| $49.9M | 0.01% |
2,492,900
-571,600
| -19% | -$12.3M |
|
1370
Baker Hughes
BKR
$61.5B
| $49.8M | 0.01% |
1,092,797
+763,584
| +232% | +$36.2M |
|
1371
PUT
Agilent Technologies
A
$43.3B
| $49.7M | 0.01% |
365,400
-300
| -0.1% | -$43.1K |
|
1372
PUT
NRG Energy
NRG
$23.5B
| $49.7M | 0.01% |
312,200
-438,000
| -58% | -$72.5M |
|
1373
PUT
Global X Silver Miners ETF NEW
SIL
$5.44B
| $49.7M | 0.01% |
595,000
+247,800
| +71% | +$18.3M |
|
1374
CALL
Blue Owl Capital
OWL
$18.2B
| $49.7M | 0.01% |
3,324,700
+1,115,900
| +51% | +$17.4M |
|
1375
Deckers Outdoor
DECK
$12.5B
| $49.7M | 0.01% |
479,055
+316,587
| +195% | +$29.7M |
|
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.