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 | |
|---|---|---|---|---|---|---|
1451
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $44.9M | 0.01% |
367,910
-785,927
| -68% | -$90.1M |
|
1452
PUT
Samsara
IOT
$22.8B
| $44.8M | 0.01% |
1,264,900
+128,800
| +11% | +$4.99M |
|
1453
CRISPR Therapeutics
CRSP
$5.89B
| $44.8M | 0.01% |
853,971
+39,647
| +5% | +$2.37M |
|
1454
PUT
PG&E
PCG
$40.4B
| $44.8M | 0.01% |
2,786,000
-1,576,400
| -36% | -$25.2M |
|
1455
PUT
LyondellBasell Industries
LYB
$20.2B
| $44.7M | 0.01% |
1,033,000
+202,200
| +24% | +$9.16M |
|
1456
CALL
XPO
XPO
$22.5B
| $44.7M | 0.01% |
328,700
+274,200
| +503% | +$37.4M |
|
1457
PUT
Rockwell Automation
ROK
$47.7B
| $44.7M | 0.01% |
114,800
-100
| -0.1% | -$37.6K |
|
1458
XPeng
XPEV
$11.1B
| $44.6M | 0.01% |
2,201,547
-281,261
| -11% | -$6.1M |
|
1459
CALL
Establishment Labs
ESTA
$2.15B
| $44.6M | 0.01% |
611,800
+480,400
| +366% | +$29M |
|
1460
PUT
BioNTech
BNTX
$28.6B
| $44.5M | 0.01% |
467,800
+70,400
| +18% | +$7.09M |
|
1461
Texas Pacific Land
TPL
$25.7B
| $44.5M | 0.01% |
155,029
+34,099
| +28% | +$10.4M |
|
1462
PUT
Cytokinetics
CYTK
$10.8B
| $44.5M | 0.01% |
700,600
+264,400
| +61% | +$16.4M |
|
1463
PUT
Praxis Precision Medicines
PRAX
$10.3B
| $44.4M | 0.01% |
150,700
+69,100
| +85% | +$12.9M |
|
1464
PUT
Steel Dynamics
STLD
$33.1B
| $44.4M | 0.01% |
261,900
-63,500
| -20% | -$10.1M |
|
1465
PUT
Trump Media & Technology Group
DJT
$2.61B
| $44.3M | 0.01% |
3,347,300
-940,300
| -22% | -$12.8M |
|
1466
PUT
Pultegroup
PHM
$24.9B
| $44.3M | 0.01% |
377,900
-63,800
| -14% | -$7.83M |
|
1467
CALL
GeneDx Holdings
WGS
$2.61B
| $44.3M | 0.01% |
340,300
-19,200
| -5% | -$2.64M |
|
1468
CALL
Burlington
BURL
$19.8B
| $44.1M | 0.01% |
152,700
-274,300
| -64% | -$74.4M |
|
1469
CALL
Applied Optoelectronics
AAOI
$9.61B
| $44M | 0.01% |
1,262,100
+602,500
| +91% | +$18M |
|
1470
CALL
BWX Technologies
BWXT
$13.7B
| $43.9M | 0.01% |
254,000
+4,500
| +2% | +$844K |
|
1471
PUT
FTAI Aviation
FTAI
$20.6B
| $43.9M | 0.01% |
223,000
-673,000
| -75% | -$115M |
|
1472
CALL
Crown Castle
CCI
$32.5B
| $43.8M | 0.01% |
493,000
-12,100
| -2% | -$1.11M |
|
|
ABVX
1473
PUT
Abivax
ABVX
$10.3B
| $43.8M | 0.01% |
324,800
+290,600
| +850% | +$31.7M |
|
1474
CALL
NexGen Energy
NXE
$7.52B
| $43.8M | 0.01% |
4,756,700
+1,741,800
| +58% | +$15.4M |
|
1475
Abbott
ABT
$201B
| $43.8M | 0.01% |
349,211
+13,530
| +4% | +$1.72M |
|
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.