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 | |
|---|---|---|---|---|---|---|
1676
CALL
DigitalBridge
DBRG
$2.95B
| $34.7M | ﹤0.01% |
2,261,700
+1,604,100
| +244% | +$19.3M |
|
1677
CALL
M&T Bank
MTB
$34.7B
| $34.7M | ﹤0.01% |
172,100
+11,100
| +7% | +$2.12M |
|
1678
PUT
Banco Macro
BMA
$4.97B
| $34.6M | ﹤0.01% |
384,100
-165,400
| -30% | -$12.5M |
|
1679
PUT
Kohl's
KSS
$2B
| $34.6M | ﹤0.01% |
1,694,500
-1,471,500
| -46% | -$27.6M |
|
1680
CALL
STMicroelectronics
STM
$44.1B
| $34.5M | ﹤0.01% |
1,329,200
+811,800
| +157% | +$20.8M |
|
1681
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$699M
| $34.5M | ﹤0.01% |
166,900
-180,600
| -52% | -$31M |
|
|
PPLT
1682
PUT
abrdn Physical Platinum Shares ETF
PPLT
$2.22B
| $34.5M | ﹤0.01% |
1,848,000
+156,000
| +9% | +$2.4M |
|
1683
CALL
Canadian Natural Resources
CNQ
$102B
| $34.4M | ﹤0.01% |
1,017,100
-349,700
| -26% | -$11.3M |
|
1684
Cadence Design Systems
CDNS
$91.4B
| $34.3M | ﹤0.01% |
109,867
+4,433
| +4% | +$1.45M |
|
|
ETHU
1685
PUT
2x Ether ETF
ETHU
$1.19B
| $34.3M | ﹤0.01% |
627,300
-355,500
| -36% | -$30.1M |
|
1686
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$411M
| $34.3M | ﹤0.01% |
748,750
+2,650
| +0.4% | +$162K |
|
1687
DexCom
DXCM
$33.6B
| $34.3M | ﹤0.01% |
516,606
+336,668
| +187% | +$21.8M |
|
|
QXO
1688
PUT
QXO Inc
QXO
$14.4B
| $34.3M | ﹤0.01% |
1,776,600
+650,500
| +58% | +$12.5M |
|
1689
CALL
Uranium Energy
UEC
$6.57B
| $34.3M | ﹤0.01% |
2,934,000
+108,900
| +4% | +$1.43M |
|
1690
CALL
Franco-Nevada
FNV
$52.4B
| $34.2M | ﹤0.01% |
165,200
-75,700
| -31% | -$15.4M |
|
1691
PUT
JB Hunt Transport Services
JBHT
$24.6B
| $34.2M | ﹤0.01% |
176,100
+69,300
| +65% | +$11.9M |
|
1692
CALL
KeyCorp
KEY
$23.4B
| $34.1M | ﹤0.01% |
1,654,300
+388,700
| +31% | +$7.24M |
|
1693
CALL
XP
XP
$9.03B
| $34.1M | ﹤0.01% |
2,081,000
+1,638,200
| +370% | +$28.8M |
|
1694
Johnson Controls International
JCI
$85.9B
| $34M | ﹤0.01% |
284,249
+170,207
| +149% | +$19.5M |
|
1695
CALL
Capricor Therapeutics
CAPR
$482M
| $34M | ﹤0.01% |
1,179,400
-50,800
| -4% | -$663K |
|
1696
PUT
The Mosaic Company
MOS
$7.72B
| $34M | ﹤0.01% |
1,409,300
+351,400
| +33% | +$9.46M |
|
1697
PUT
GE HealthCare
GEHC
$33.4B
| $33.9M | ﹤0.01% |
413,500
+61,300
| +17% | +$4.78M |
|
1698
CALL
Corpay
CPAY
$27.1B
| $33.9M | ﹤0.01% |
112,600
+90,400
| +407% | +$26.2M |
|
1699
CALL
Direxion Daily NVDA Bull 2X ETF
NVDU
$521M
| $33.9M | ﹤0.01% |
287,800
-47,700
| -14% | -$5.99M |
|
1700
PUT
Capri Holdings
CPRI
$1.51B
| $33.9M | ﹤0.01% |
1,387,600
-216,200
| -13% | -$5M |
|
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.