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 | |
|---|---|---|---|---|---|---|
1376
PUT
GeneDx Holdings
WGS
$2.54B
| $49.6M | 0.01% |
381,200
-101,300
| -21% | -$13.9M |
|
1377
CALL
Suncor Energy
SU
$78.8B
| $49.5M | 0.01% |
1,115,900
+69,600
| +7% | +$2.94M |
|
1378
CME Group
CME
$100B
| $49.5M | 0.01% |
181,129
+111,018
| +158% | +$30.2M |
|
1379
Charter Communications
CHTR
$17.9B
| $49.3M | 0.01% |
235,957
+206,938
| +713% | +$46.6M |
|
1380
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $49.1M | 0.01% |
1,854,000
+285,400
| +18% | +$9.33M |
|
1381
PUT
Tilray
TLRY
$649M
| $49M | 0.01% |
5,426,100
+4,885,780
| +904% | +$59.6M |
|
1382
PUT
American Eagle Outfitters
AEO
$2.83B
| $48.9M | 0.01% |
1,853,900
+928,600
| +100% | +$18.4M |
|
1383
CALL
Edwards Lifesciences
EW
$52.2B
| $48.9M | 0.01% |
573,300
+68,700
| +14% | +$5.64M |
|
1384
Accenture
ACN
$114B
| $48.8M | 0.01% |
181,937
-108,484
| -37% | -$27.6M |
|
1385
CALL
ProShares UltraPro Short S&P 500
SPXU
$395M
| $48.7M | 0.01% |
979,000
+798,000
| +441% | +$41.5M |
|
1386
CALL
Liquidia Corp
LQDA
$6.29B
| $48.7M | 0.01% |
1,410,700
-807,800
| -36% | -$23M |
|
1387
CALL
Kohl's
KSS
$2.08B
| $48.6M | 0.01% |
2,380,600
-712,100
| -23% | -$13.3M |
|
1388
Vanguard Total International Stock ETF
VXUS
$163B
| $48.5M | 0.01% |
643,176
+583,521
| +978% | +$43.6M |
|
1389
PUT
iShares US Home Construction ETF
ITB
$2.28B
| $48.5M | 0.01% |
503,500
+53,300
| +12% | +$5.38M |
|
1390
CALL
TMC The Metals Company
TMC
$2.09B
| $48.5M | 0.01% |
7,857,200
+5,430,400
| +224% | +$38.1M |
|
1391
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $48.5M | 0.01% |
338,209
+238,344
| +239% | +$33.9M |
|
1392
CALL
Fluor
FLR
$6.86B
| $48.5M | 0.01% |
1,223,200
-255,100
| -17% | -$11.3M |
|
1393
PUT
Under Armour
UAA
$2.31B
| $48.4M | 0.01% |
9,733,400
+579,600
| +6% | +$2.68M |
|
1394
Centene
CNC
$32.4B
| $48.4M | 0.01% |
1,174,999
-2,741,207
| -70% | -$103M |
|
1395
CALL
Invesco
IVZ
$14.3B
| $48.3M | 0.01% |
1,840,300
+1,002,300
| +120% | +$24.5M |
|
1396
PUT
Allstate
ALL
$65.8B
| $48.3M | 0.01% |
232,000
-110,200
| -32% | -$22.6M |
|
1397
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$24.4B
| $48.3M | 0.01% |
192,800
-153,600
| -44% | -$38.6M |
|
1398
CALL
American Tower
AMT
$83.1B
| $48.2M | 0.01% |
274,400
-424,400
| -61% | -$77.2M |
|
1399
CALL
UBS Group
UBS
$164B
| $48.2M | 0.01% |
1,040,100
+231,400
| +29% | +$9.35M |
|
1400
Devon Energy
DVN
$53.1B
| $48.2M | 0.01% |
1,314,544
+772,255
| +142% | +$27M |
|
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.