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 | |
|---|---|---|---|---|---|---|
176
CALL
American Express
AXP
$227B
| $757M | 0.09% |
2,045,600
+56,700
| +3% | +$20.3M |
|
177
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $756M | 0.09% |
14,336,900
+6,589,300
| +85% | +$354M |
|
|
178
JPMorgan International Research Enhanced Equity ETF
JIRE
$11.3B
| $753M | 0.09% |
10,057,946
+10,038,432
| +51,442% | +$749M |
|
179
PUT
Bank of America
BAC
$431B
| $745M | 0.09% |
13,546,000
-56,800
| -0.4% | -$3M |
|
180
PUT
iShares Core S&P 500 ETF
IVV
$893B
| $744M | 0.09% |
1,086,200
+556,200
| +105% | +$378M |
|
181
PUT
Constellation Energy
CEG
$96.7B
| $742M | 0.09% |
2,100,600
-65,300
| -3% | -$23.7M |
|
182
CALL
Arm
ARM
$260B
| $737M | 0.08% |
6,743,800
+606,200
| +10% | +$88.1M |
|
183
CALL
Lockheed Martin
LMT
$130B
| $735M | 0.08% |
1,519,000
+65,000
| +4% | +$31.1M |
|
|
184
CALL
Bank of America
BAC
$431B
| $734M | 0.08% |
13,352,900
-887,300
| -6% | -$46.9M |
|
|
185
PUT
Walmart Inc
WMT
$825B
| $727M | 0.08% |
6,529,900
-1,389,900
| -18% | -$149M |
|
186
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $722M | 0.08% |
5,015,400
-319,000
| -6% | -$46.1M |
|
|
187
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $716M | 0.08% |
6,497,624
+5,956,660
| +1,101% | +$662M |
|
188
PUT
Reddit
RDDT
$29.5B
| $715M | 0.08% |
3,108,900
-633,500
| -17% | -$133M |
|
189
CALL
Nike
NKE
$60.5B
| $712M | 0.08% |
11,180,200
-2,170,200
| -16% | -$141M |
|
190
CALL
Walt Disney
DIS
$186B
| $712M | 0.08% |
6,255,000
-383,400
| -6% | -$42.2M |
|
191
CALL
Pfizer
PFE
$160B
| $710M | 0.08% |
28,496,300
+3,571,100
| +14% | +$90.1M |
|
192
PUT
SoFi Technologies
SOFI
$24.4B
| $705M | 0.08% |
26,910,100
+1,068,300
| +4% | +$29.8M |
|
193
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $696M | 0.08% |
12,715,800
-4,061,000
| -24% | -$216M |
|
194
PUT
Wells Fargo
WFC
$254B
| $690M | 0.08% |
7,407,500
-419,200
| -5% | -$36.4M |
|
|
195
PUT
Walt Disney
DIS
$186B
| $690M | 0.08% |
6,061,300
+1,266,100
| +26% | +$139M |
|
196
CALL
Baidu
BIDU
$31.6B
| $687M | 0.08% |
5,256,700
-4,499,100
| -46% | -$558M |
|
197
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $686M | 0.08% |
3,582,500
+1,102,500
| +44% | +$209M |
|
198
CALL
Super Micro Computer
SMCI
$24.1B
| $683M | 0.08% |
23,321,800
+3,238,000
| +16% | +$133M |
|
199
CALL
Intuitive Surgical
ISRG
$134B
| $677M | 0.08% |
1,195,100
+319,600
| +37% | +$170M |
|
200
CALL
Rocket Lab Corp
RKLB
$46.4B
| $677M | 0.08% |
9,701,400
-552,500
| -5% | -$31.7M |
|
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.