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 | |
|---|---|---|---|---|---|---|
1576
PUT
SL Green Realty
SLG
$4.24B
| $39.1M | ﹤0.01% |
853,100
+625,600
| +275% | +$30.9M |
|
1577
CALL
TotalEnergies
TTE
$197B
| $39M | ﹤0.01% |
596,900
+199,400
| +50% | +$12.6M |
|
1578
Global E Online
GLBE
$6.62B
| $39M | ﹤0.01% |
991,958
-284,084
| -22% | -$10.5M |
|
1579
PUT
Transocean
RIG
$6.42B
| $38.9M | ﹤0.01% |
9,423,800
-1,000,100
| -10% | -$3.88M |
|
1580
CALL
Ares Capital
ARCC
$14.3B
| $38.8M | ﹤0.01% |
1,918,100
+505,100
| +36% | +$10.2M |
|
|
SPYM
1581
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $38.8M | ﹤0.01% |
483,135
+112,378
| +30% | +$8.94M |
|
1582
CALL
Lumen
LUMN
$6.08B
| $38.7M | ﹤0.01% |
4,984,000
+20,200
| +0.4% | +$166K |
|
1583
PUT
Direxion Daily Regional Banks Bull 3X ETF
DPST
$340M
| $38.7M | ﹤0.01% |
382,900
-261,800
| -41% | -$24.6M |
|
|
PPTA
1584
CALL
Perpetua Resources
PPTA
$3.38B
| $38.7M | ﹤0.01% |
1,597,700
+54,500
| +4% | +$1.34M |
|
1585
PUT
Centene
CNC
$32.1B
| $38.6M | ﹤0.01% |
937,700
-2,385,000
| -72% | -$89.3M |
|
1586
Ferrari
RACE
$74.1B
| $38.6M | ﹤0.01% |
104,389
+103,571
| +12,661% | +$41.4M |
|
1587
PUT
Caesars Entertainment
CZR
$6.04B
| $38.6M | ﹤0.01% |
1,648,500
-1,332,700
| -45% | -$30M |
|
1588
PUT
Sharplink Inc
SBET
$1.81B
| $38.5M | ﹤0.01% |
4,305,100
-2,170,100
| -34% | -$26.5M |
|
|
P
1589
PUT
Everpure Inc
P
$34.2B
| $38.4M | ﹤0.01% |
573,400
+81,900
| +17% | +$6.84M |
|
1590
CALL
iShares MSCI Canada ETF
EWC
$6.95B
| $38.4M | ﹤0.01% |
712,300
-166,100
| -19% | -$8.59M |
|
1591
PUT
Hecla Mining
HL
$14.1B
| $38.4M | ﹤0.01% |
1,999,600
+701,300
| +54% | +$10.7M |
|
1592
CALL
BILL Holdings
BILL
$4.75B
| $38.4M | ﹤0.01% |
703,400
-1,589,500
| -69% | -$81.7M |
|
1593
PUT
2x Bitcoin ETF
BITX
$1.26B
| $38.3M | ﹤0.01% |
1,381,600
-998,200
| -42% | -$40.4M |
|
1594
PUT
BHP
BHP
$251B
| $38.2M | ﹤0.01% |
632,500
-28,000
| -4% | -$1.59M |
|
1595
PUT
Arthur J. Gallagher & Co
AJG
$68.8B
| $38.1M | ﹤0.01% |
147,400
+53,900
| +58% | +$14.3M |
|
1596
Vertex Pharmaceuticals
VRTX
$140B
| $38.1M | ﹤0.01% |
84,096
+16,413
| +24% | +$7.07M |
|
1597
Lyft
LYFT
$6.68B
| $38.1M | ﹤0.01% |
1,968,223
+329,892
| +20% | +$6.86M |
|
|
1598
PUT
Ares Capital
ARCC
$14.3B
| $38.1M | ﹤0.01% |
1,883,300
+1,123,600
| +148% | +$22.7M |
|
1599
ON Semiconductor
ON
$28.2B
| $38.1M | ﹤0.01% |
703,176
+27,836
| +4% | +$1.43M |
|
|
1600
CALL
Sharplink Inc
SBET
$1.81B
| $38.1M | ﹤0.01% |
4,257,500
+814,700
| +24% | +$9.95M |
|
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.