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 | |
|---|---|---|---|---|---|---|
1651
Grayscale Bitcoin Trust
GBTC
$11.8B
| $35.6M | ﹤0.01% |
521,072
+365,151
| +234% | +$28.6M |
|
1652
CALL
JB Hunt Transport Services
JBHT
$24.6B
| $35.6M | ﹤0.01% |
183,200
+88,100
| +93% | +$15.1M |
|
1653
PUT
Macy's
M
$5.94B
| $35.6M | ﹤0.01% |
1,614,500
-178,900
| -10% | -$3.66M |
|
1654
PUT
Casey's General Stores
CASY
$30.5B
| $35.6M | ﹤0.01% |
64,400
-38,100
| -37% | -$21M |
|
1655
CALL
Darden Restaurants
DRI
$25B
| $35.6M | ﹤0.01% |
193,400
-70,700
| -27% | -$12.9M |
|
1656
PUT
iShares MSCI China ETF
MCHI
$6.24B
| $35.5M | ﹤0.01% |
591,500
+234,700
| +66% | +$14.8M |
|
1657
PUT
MPLX
MPLX
$59.2B
| $35.5M | ﹤0.01% |
664,800
-270,600
| -29% | -$14.1M |
|
|
BSOL
1658
Bitwise Solana Staking ETF
BSOL
$793M
| $35.5M | ﹤0.01% |
+2,162,315
| New | +$40.3M |
|
1659
Phillips 66
PSX
$94.5B
| $35.4M | ﹤0.01% |
274,366
+208,903
| +319% | +$28.1M |
|
1660
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.2B
| $35.4M | ﹤0.01% |
296,357
-191,031
| -39% | -$22.7M |
|
1661
Kraft Heinz
KHC
$30B
| $35.4M | ﹤0.01% |
1,458,992
+995,156
| +215% | +$24.8M |
|
1662
Sibanye-Stillwater
SBSW
$8.87B
| $35.4M | ﹤0.01% |
2,481,695
-37,187
| -1% | -$450K |
|
1663
PUT
YieldMax Ultra Option Income Strategy ETF
ULTY
$762M
| $35.3M | ﹤0.01% |
946,900
+890,420
| +1,577% | +$40.1M |
|
1664
CALL
Indivior Pharmaceuticals
INDV
$4.24B
| $35.3M | ﹤0.01% |
984,800
+92,000
| +10% | +$2.81M |
|
1665
CALL
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.18B
| $35.3M | ﹤0.01% |
534,800
-733,000
| -58% | -$48.4M |
|
1666
CALL
Travelers Companies
TRV
$77.1B
| $35.3M | ﹤0.01% |
121,600
-85,600
| -41% | -$24.1M |
|
1667
PUT
Barclays
BCS
$91.5B
| $35.1M | ﹤0.01% |
1,380,600
+643,900
| +87% | +$14.3M |
|
1668
CALL
C3.ai
AI
$1.52B
| $35M | ﹤0.01% |
2,594,700
-1,192,500
| -31% | -$19M |
|
1669
CALL
Global E Online
GLBE
$6.62B
| $34.9M | ﹤0.01% |
888,100
-231,100
| -21% | -$8.57M |
|
1670
PUT
Annaly Capital Management
NLY
$17.4B
| $34.9M | ﹤0.01% |
1,560,900
-1,367,200
| -47% | -$29.8M |
|
1671
CALL
AerCap
AER
$23.2B
| $34.9M | ﹤0.01% |
242,600
-20,900
| -8% | -$2.77M |
|
|
CFLT
1672
PUT
DELISTED
Confluent
CFLT
| $34.8M | ﹤0.01% |
1,150,600
+18,000
| +2% | +$442K |
|
1673
CALL
Keysight
KEYS
$54.5B
| $34.8M | ﹤0.01% |
171,100
-82,900
| -33% | -$15.4M |
|
1674
Teradyne
TER
$57.3B
| $34.7M | ﹤0.01% |
179,421
+41,757
| +30% | +$7.16M |
|
1675
CALL
Icon
ICLR
$13B
| $34.7M | ﹤0.01% |
190,400
+118,100
| +163% | +$21M |
|
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.