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 | |
|---|---|---|---|---|---|---|
1526
PNC Financial Services
PNC
$97.4B
| $41.5M | ﹤0.01% |
198,858
-64,933
| -25% | -$12.5M |
|
1527
Southern Company
SO
$103B
| $41.4M | ﹤0.01% |
475,019
+316,529
| +200% | +$28.9M |
|
1528
CALL
Ionis Pharmaceuticals
IONS
$10.6B
| $41.4M | ﹤0.01% |
523,500
+23,500
| +5% | +$1.77M |
|
1529
Kroger
KR
$35.8B
| $41.4M | ﹤0.01% |
661,868
+475,196
| +255% | +$31.1M |
|
1530
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$10.2B
| $41.3M | ﹤0.01% |
+1,146,566
| New | +$41.8M |
|
1531
PUT
Welltower
WELL
$174B
| $41.3M | ﹤0.01% |
222,700
-125,300
| -36% | -$23.4M |
|
1532
PUT
Capricor Therapeutics
CAPR
$482M
| $41.3M | ﹤0.01% |
1,432,000
+816,100
| +133% | +$10.7M |
|
1533
PUT
Chewy
CHWY
$10.1B
| $41.3M | ﹤0.01% |
1,249,800
-1,175,400
| -48% | -$40.8M |
|
1534
Las Vegas Sands
LVS
$30.6B
| $41.2M | ﹤0.01% |
633,076
-569,060
| -47% | -$34.9M |
|
1535
CALL
2x Bitcoin ETF
BITX
$1.26B
| $41.1M | ﹤0.01% |
1,483,300
-194,400
| -12% | -$7.86M |
|
1536
PUT
Baker Hughes
BKR
$61.4B
| $41.1M | ﹤0.01% |
903,200
+52,400
| +6% | +$2.48M |
|
1537
PUT
YPF Sociedad Anonima ADS
YPF
$19.6B
| $41.1M | ﹤0.01% |
1,137,000
+45,400
| +4% | +$1.51M |
|
1538
Cameco
CCJ
$46.6B
| $41.1M | ﹤0.01% |
448,890
-1,673
| -0.4% | -$151K |
|
1539
CALL
Golar LNG
GLNG
$5.31B
| $41M | ﹤0.01% |
1,102,700
-225,500
| -17% | -$8.62M |
|
1540
Lowe's Companies
LOW
$120B
| $41M | ﹤0.01% |
170,106
-13,308
| -7% | -$3.2M |
|
1541
PUT
Bilibili
BILI
$6.93B
| $41M | ﹤0.01% |
1,668,100
-3,400
| -0.2% | -$91.5K |
|
1542
CALL
Entegris
ENTG
$21.2B
| $40.9M | ﹤0.01% |
485,300
+145,900
| +43% | +$12.7M |
|
1543
CALL
Whirlpool
WHR
$2.65B
| $40.7M | ﹤0.01% |
564,800
+126,200
| +29% | +$9.32M |
|
1544
CALL
Eldorado Gold
EGO
$12.6B
| $40.7M | ﹤0.01% |
1,132,500
+54,000
| +5% | +$1.62M |
|
1545
PUT
MGM Resorts International
MGM
$10.9B
| $40.6M | ﹤0.01% |
1,113,800
+254,700
| +30% | +$8.64M |
|
1546
CALL
CarMax
KMX
$9.11B
| $40.5M | ﹤0.01% |
1,048,900
+612,000
| +140% | +$24.5M |
|
1547
CALL
Equinox Gold
EQX
$16.3B
| $40.5M | ﹤0.01% |
2,885,100
-561,100
| -16% | -$7.08M |
|
1548
Union Pacific
UNP
$184B
| $40.5M | ﹤0.01% |
174,957
+121,883
| +230% | +$27.8M |
|
1549
PUT
APA Corp
APA
$14.5B
| $40.4M | ﹤0.01% |
1,653,600
+242,400
| +17% | +$5.86M |
|
|
EXE
1550
Expand Energy Corp
EXE
$21.9B
| $40.3M | ﹤0.01% |
365,525
+180,149
| +97% | +$20M |
|
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.