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 | |
|---|---|---|---|---|---|---|
1401
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$194M
| $48M | 0.01% |
1,292,600
+90,300
| +8% | +$3.14M |
|
1402
Strategy Inc
MSTR
$50.4B
| $48M | 0.01% |
315,858
-2,318
| -0.7% | -$534K |
|
1403
Cytokinetics
CYTK
$10.8B
| $47.9M | 0.01% |
753,617
-264,184
| -26% | -$16.4M |
|
1404
PUT
TransDigm Group
TDG
$65.9B
| $47.7M | 0.01% |
35,900
-31,100
| -46% | -$40.8M |
|
1405
Moderna
MRNA
$63.4B
| $47.6M | 0.01% |
1,615,399
-343,295
| -18% | -$9.33M |
|
1406
CALL
Hasbro
HAS
$13.6B
| $47.6M | 0.01% |
580,700
+346,100
| +148% | +$27.1M |
|
1407
CALL
Global Payments
GPN
$24.8B
| $47.5M | 0.01% |
613,900
+331,100
| +117% | +$26.7M |
|
1408
Ferguson
FERG
$45B
| $47.5M | 0.01% |
213,409
+57,755
| +37% | +$13.8M |
|
1409
CALL
Keurig Dr Pepper
KDP
$43.3B
| $47.4M | 0.01% |
1,692,900
+277,600
| +20% | +$7.62M |
|
1410
Enphase Energy
ENPH
$4.94B
| $47.3M | 0.01% |
1,475,157
-848,778
| -37% | -$27.5M |
|
1411
iShares MSCI India ETF
INDA
$6.7B
| $47.2M | 0.01% |
874,128
+480,896
| +122% | +$25.9M |
|
1412
CALL
Colgate-Palmolive
CL
$72.8B
| $47.2M | 0.01% |
597,700
+73,400
| +14% | +$5.75M |
|
1413
CALL
Li Auto
LI
$12B
| $47.1M | 0.01% |
2,783,000
+257,700
| +10% | +$5.11M |
|
1414
PUT
Cognizant
CTSH
$28.4B
| $47.1M | 0.01% |
567,300
+123,700
| +28% | +$9.25M |
|
1415
PUT
Enterprise Products Partners
EPD
$82.6B
| $47M | 0.01% |
1,466,800
-188,900
| -11% | -$5.97M |
|
1416
CALL
Procore
PCOR
$9.21B
| $46.9M | 0.01% |
644,900
+192,800
| +43% | +$14.3M |
|
1417
PUT
ProShares Ultra QQQ
QLD
$13.8B
| $46.9M | 0.01% |
665,600
+224,200
| +51% | +$15.9M |
|
1418
PUT
Yum! Brands
YUM
$42.6B
| $46.8M | 0.01% |
309,400
-37,400
| -11% | -$5.54M |
|
1419
Walt Disney
DIS
$192B
| $46.8M | 0.01% |
411,381
+19,841
| +5% | +$2.19M |
|
1420
CALL
Monster Beverage
MNST
$95.5B
| $46.8M | 0.01% |
1,220,200
+224,800
| +23% | +$8.05M |
|
1421
PUT
O'Reilly Automotive
ORLY
$73.1B
| $46.7M | 0.01% |
512,400
-213,300
| -29% | -$20.8M |
|
1422
CALL
Barclays
BCS
$91.5B
| $46.7M | 0.01% |
1,834,300
+462,600
| +34% | +$10.2M |
|
1423
Bilibili
BILI
$6.93B
| $46.7M | 0.01% |
1,897,902
-1,987,560
| -51% | -$53.5M |
|
|
GLXY
1424
PUT
Galaxy Digital Inc
GLXY
$4.82B
| $46.7M | 0.01% |
2,087,100
-3,612,000
| -63% | -$112M |
|
1425
RH
RH
$2.67B
| $46.6M | 0.01% |
259,890
-116,103
| -31% | -$19.9M |
|
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.