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 | |
|---|---|---|---|---|---|---|
2001
Edwards Lifesciences
EW
$52.3B
| $24.7M | ﹤0.01% |
289,971
+46,194
| +19% | +$3.79M |
|
2002
Cleveland-Cliffs
CLF
$6.58B
| $24.7M | ﹤0.01% |
1,861,283
+1,252,708
| +206% | +$15.8M |
|
2003
PUT
ADMA Biologics
ADMA
$2.16B
| $24.7M | ﹤0.01% |
1,354,100
+408,200
| +43% | +$6.88M |
|
2004
CALL
SL Green Realty
SLG
$4.16B
| $24.7M | ﹤0.01% |
538,400
+12,700
| +2% | +$627K |
|
2005
PUT
SentinelOne
S
$7.03B
| $24.6M | ﹤0.01% |
1,641,800
+531,400
| +48% | +$8.7M |
|
2006
PUT
Agios Pharmaceuticals
AGIO
$2.03B
| $24.6M | ﹤0.01% |
903,900
+736,300
| +439% | +$25.8M |
|
2007
CALL
American Water Works
AWK
$27.3B
| $24.6M | ﹤0.01% |
188,400
-26,200
| -12% | -$3.5M |
|
2008
iShares Emerging Markets Dividend ETF
DVYE
$1.25B
| $24.5M | ﹤0.01% |
787,773
-5,874
| -0.7% | -$180K |
|
2009
CALL
Match Group
MTCH
$9.66B
| $24.5M | ﹤0.01% |
760,200
-187,500
| -20% | -$6.16M |
|
2010
PUT
Alaska Air
ALK
$4.8B
| $24.5M | ﹤0.01% |
487,300
-244,900
| -33% | -$11.3M |
|
2011
CALL
Enbridge
ENB
$110B
| $24.5M | ﹤0.01% |
512,000
-312,800
| -38% | -$14.9M |
|
2012
Twilio
TWLO
$35.1B
| $24.4M | ﹤0.01% |
171,889
+62,856
| +58% | +$7.79M |
|
2013
SiteOne Landscape Supply
SITE
$4.19B
| $24.4M | ﹤0.01% |
196,208
+12,355
| +7% | +$1.56M |
|
2014
CALL
Vista Energy
VIST
$7.59B
| $24.4M | ﹤0.01% |
500,800
+290,400
| +138% | +$13.1M |
|
2015
Align Technology
ALGN
$11.3B
| $24.3M | ﹤0.01% |
155,890
-28,917
| -16% | -$4.14M |
|
2016
CALL
Plug Power
PLUG
$3.03B
| $24.3M | ﹤0.01% |
12,354,600
-2,880,500
| -19% | -$7.52M |
|
2017
Fluor
FLR
$6.96B
| $24.3M | ﹤0.01% |
612,358
-260,922
| -30% | -$11.5M |
|
2018
Air Products & Chemicals
APD
$68.3B
| $24.2M | ﹤0.01% |
97,822
+62,474
| +177% | +$15.8M |
|
|
EXK
2019
CALL
Endeavour Silver
EXK
$3.23B
| $24.2M | ﹤0.01% |
2,570,200
+2,138,100
| +495% | +$18.1M |
|
2020
CALL
Aehr Test Systems
AEHR
$2.97B
| $24.1M | ﹤0.01% |
1,195,600
+265,200
| +29% | +$6.41M |
|
2021
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$4.18B
| $24.1M | ﹤0.01% |
365,803
+361,228
| +7,896% | +$23.9M |
|
2022
CALL
Knight Transportation
KNX
$11.3B
| $24.1M | ﹤0.01% |
460,400
+202,900
| +79% | +$9.51M |
|
2023
CALL
Alerian MLP ETF
AMLP
$13.4B
| $24.1M | ﹤0.01% |
511,700
+376,600
| +279% | +$17.6M |
|
2024
Martin Marietta Materials
MLM
$37.8B
| $24M | ﹤0.01% |
38,554
+28,091
| +268% | +$17.5M |
|
2025
CALL
ProShares UltraPro Short Dow 30
SDOW
$159M
| $24M | ﹤0.01% |
750,100
+51,100
| +7% | +$1.73M |
|
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.