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 | |
|---|---|---|---|---|---|---|
1426
Datadog
DDOG
$81.1B
| $46.4M | 0.01% |
341,060
-339,574
| -50% | -$53.7M |
|
1427
PUT
Monster Beverage
MNST
$95.8B
| $46.2M | 0.01% |
1,204,200
+283,000
| +31% | +$10.1M |
|
1428
CALL
Innodata
INOD
$1.96B
| $46.1M | 0.01% |
905,600
-176,800
| -16% | -$11.5M |
|
1429
PUT
Roper Technologies
ROP
$41.1B
| $46.1M | 0.01% |
103,600
+87,700
| +552% | +$40.6M |
|
1430
CALL
Raymond James Financial
RJF
$34B
| $46.1M | 0.01% |
287,000
-23,600
| -8% | -$3.81M |
|
1431
PUT
Guardant Health
GH
$21.9B
| $46.1M | 0.01% |
450,900
+134,200
| +42% | +$12M |
|
1432
PUT
Nutrien
NTR
$35.5B
| $46M | 0.01% |
745,800
+131,300
| +21% | +$7.73M |
|
1433
PUT
Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
$552M
| $46M | 0.01% |
926,400
+241,500
| +35% | +$14.3M |
|
1434
CALL
FirstEnergy
FE
$26.9B
| $46M | 0.01% |
1,026,400
+660,500
| +181% | +$30.3M |
|
1435
CALL
BigBear.ai
BBAI
$1.47B
| $45.7M | 0.01% |
8,468,600
+1,601,800
| +23% | +$10.5M |
|
1436
PG&E
PCG
$39.9B
| $45.7M | 0.01% |
2,844,617
+1,416,687
| +99% | +$22.6M |
|
1437
Travelers Companies
TRV
$77.3B
| $45.7M | 0.01% |
157,586
+41,248
| +35% | +$11.6M |
|
1438
AutoZone
AZO
$49.1B
| $45.6M | 0.01% |
13,443
+6,646
| +98% | +$25.1M |
|
1439
CALL
Ero Copper
ERO
$4.02B
| $45.5M | 0.01% |
1,609,400
+1,410,900
| +711% | +$32.9M |
|
1440
CALL
APA Corp
APA
$15.1B
| $45.4M | 0.01% |
1,857,300
+399,900
| +27% | +$9.67M |
|
1441
PUT
Vanguard Real Estate ETF
VNQ
$39.3B
| $45.3M | 0.01% |
512,100
-31,000
| -6% | -$2.79M |
|
1442
Apollo Global Management
APO
$78.4B
| $45.1M | 0.01% |
311,836
+84,986
| +37% | +$11.3M |
|
1443
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $45.1M | 0.01% |
93,893
+75,733
| +417% | +$35.8M |
|
1444
Carnival Corporation Ltd
CCL
$35.2B
| $45.1M | 0.01% |
1,476,999
+459,201
| +45% | +$12.8M |
|
1445
Constellation Brands
STZ
$23.5B
| $45.1M | 0.01% |
326,832
-570,080
| -64% | -$78.2M |
|
1446
CALL
State Street
STT
$52.4B
| $45.1M | 0.01% |
349,300
-67,400
| -16% | -$8.07M |
|
1447
Centrus Energy
LEU
$3.53B
| $45M | 0.01% |
185,516
+154,866
| +505% | +$46.8M |
|
1448
CALL
Air Products & Chemicals
APD
$68.2B
| $45M | 0.01% |
182,300
-137,500
| -43% | -$34.9M |
|
1449
Elevance Health
ELV
$87.3B
| $45M | 0.01% |
128,353
-62,714
| -33% | -$21.2M |
|
1450
CALL
Agilent Technologies
A
$43.3B
| $45M | 0.01% |
330,600
-51,700
| -14% | -$7.43M |
|
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.