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 | |
|---|---|---|---|---|---|---|
1951
VanEck Oil Services ETF
OIH
$1.92B
| $25.8M | ﹤0.01% |
90,633
+1,206
| +1% | +$338K |
|
1952
PUT
Amplify Junior Silver Miners ETF
SILJ
$4.28B
| $25.8M | ﹤0.01% |
932,400
+438,900
| +89% | +$10.8M |
|
1953
CALL
Genuine Parts
GPC
$19.2B
| $25.8M | ﹤0.01% |
209,600
-191,400
| -48% | -$24.8M |
|
1954
PUT
Unilever
UL
$140B
| $25.8M | ﹤0.01% |
393,900
+62,789
| +19% | +$4.22M |
|
1955
PUT
Suncor Energy
SU
$76.8B
| $25.8M | ﹤0.01% |
580,600
-51,000
| -8% | -$2.16M |
|
1956
General Dynamics
GD
$103B
| $25.7M | ﹤0.01% |
76,320
+46,741
| +158% | +$15.9M |
|
1957
Macy's
M
$6B
| $25.6M | ﹤0.01% |
1,161,525
+1,037,961
| +840% | +$21.2M |
|
1958
CALL
Summit Therapeutics
SMMT
$11.4B
| $25.6M | ﹤0.01% |
1,463,300
+244,800
| +20% | +$4.61M |
|
1959
CALL
Sable Offshore Corp
SOC
$888M
| $25.5M | ﹤0.01% |
2,831,700
-2,383,900
| -46% | -$22.5M |
|
1960
Digital Realty Trust
DLR
$71.8B
| $25.4M | ﹤0.01% |
164,490
+67,514
| +70% | +$11.1M |
|
1961
CALL
Hycroft Mining Holding Corp
HYMC
$2.37B
| $25.4M | ﹤0.01% |
1,070,500
+380,800
| +55% | +$4.21M |
|
|
SA
1962
Seabridge Gold
SA
$3.69B
| $25.4M | ﹤0.01% |
858,826
-343,474
| -29% | -$9.03M |
|
1963
Li Auto
LI
$11.9B
| $25.4M | ﹤0.01% |
1,500,596
-372,372
| -20% | -$7.38M |
|
1964
iShares Russell 1000 Growth ETF
IWF
$125B
| $25.4M | ﹤0.01% |
214,596
+9,848
| +5% | +$1.17M |
|
1965
PUT
Snap-on
SNA
$20.6B
| $25.3M | ﹤0.01% |
73,500
+63,300
| +621% | +$21.6M |
|
1966
PUT
Sarepta Therapeutics
SRPT
$2.06B
| $25.3M | ﹤0.01% |
1,176,800
+60,600
| +5% | +$1.28M |
|
1967
CALL
Scorpio Tankers
STNG
$3.75B
| $25.3M | ﹤0.01% |
497,800
-19,200
| -4% | -$1.1M |
|
1968
Pinterest
PINS
$13.2B
| $25.3M | ﹤0.01% |
976,754
-623,763
| -39% | -$18M |
|
|
VMRK
1969
PUT
Vivmark Residential
VMRK
$26.7B
| $25.3M | ﹤0.01% |
400,900
+261,800
| +188% | +$16.1M |
|
1970
CALL
Aon
AON
$75.1B
| $25.3M | ﹤0.01% |
71,600
-95,800
| -57% | -$33.4M |
|
1971
CALL
Calumet Specialty Products
CLMT
$4.2B
| $25.3M | ﹤0.01% |
1,271,100
-10,300
| -0.8% | -$198K |
|
1972
CALL
abrdn Physical Silver Shares ETF
SIVR
$4.61B
| $25.2M | ﹤0.01% |
372,700
+149,900
| +67% | +$7.88M |
|
1973
Zillow
Z
$7.86B
| $25.2M | ﹤0.01% |
369,396
+248,010
| +204% | +$18M |
|
1974
CALL
iShares Russell 1000 Value ETF
IWD
$84.3B
| $25.2M | ﹤0.01% |
119,700
+49,000
| +69% | +$10.1M |
|
1975
CALL
Alphatec Holdings
ATEC
$1.45B
| $25.1M | ﹤0.01% |
1,194,300
+190,200
| +19% | +$3.52M |
|
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.