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 | |
|---|---|---|---|---|---|---|
2101
CALL
GraniteShares 2x Long AMD Daily ETF
AMDL
$946M
| $22M | ﹤0.01% |
1,414,300
-131,900
| -9% | -$2.39M |
|
2102
CALL
Modine Manufacturing
MOD
$9.95B
| $21.9M | ﹤0.01% |
164,300
+800
| +0.5% | +$119K |
|
2103
PUT
ProShares UltraPro Short S&P 500
SPXU
$392M
| $21.9M | ﹤0.01% |
440,600
+411,825
| +1,431% | +$21.4M |
|
2104
PUT
Emcor
EME
$33.7B
| $21.8M | ﹤0.01% |
35,700
-35,800
| -50% | -$23.2M |
|
2105
ProShares UltraPro QQQ
TQQQ
$35.5B
| $21.8M | ﹤0.01% |
414,183
+307,265
| +287% | +$16.5M |
|
2106
CALL
Brookfield
BN
$93B
| $21.8M | ﹤0.01% |
475,800
-62,250
| -12% | -$2.84M |
|
2107
CALL
ProShares Ultra Semiconductors
USD
$2.55B
| $21.8M | ﹤0.01% |
415,000
+164,800
| +66% | +$8.76M |
|
2108
Trump Media & Technology Group
DJT
$2.64B
| $21.8M | ﹤0.01% |
1,645,161
-370,073
| -18% | -$5.05M |
|
|
CHYM
2109
CALL
Chime Financial
CHYM
$12.6B
| $21.8M | ﹤0.01% |
864,500
+716,300
| +483% | +$15.2M |
|
2110
PUT
Vanguard World Funds Extended Duration ETF
EDV
$3.55B
| $21.7M | ﹤0.01% |
334,500
-19,300
| -5% | -$1.31M |
|
|
PPL
2111
PUT
PPL Corp
PPL
$26.4B
| $21.7M | ﹤0.01% |
620,900
-45,700
| -7% | -$1.65M |
|
2112
PUT
Corcept Therapeutics
CORT
$13B
| $21.7M | ﹤0.01% |
624,400
+435,700
| +231% | +$34.2M |
|
2113
PUT
Alcon
ALC
$35.1B
| $21.7M | ﹤0.01% |
275,700
+106,300
| +63% | +$8.18M |
|
2114
CALL
Aptiv
APTV
$9.61B
| $21.7M | ﹤0.01% |
285,400
-32,800
| -10% | -$2.63M |
|
2115
PUT
InterDigital
IDCC
$8.89B
| $21.7M | ﹤0.01% |
68,200
+5,900
| +9% | +$2.09M |
|
2116
CALL
Bunge Global
BG
$21.8B
| $21.7M | ﹤0.01% |
243,600
-116,600
| -32% | -$10.8M |
|
2117
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.85B
| $21.7M | ﹤0.01% |
+286,062
| New | +$22.1M |
|
|
TLN
2118
Talen Energy Corp
TLN
$14.7B
| $21.7M | ﹤0.01% |
57,822
+22,146
| +62% | +$8.61M |
|
2119
Zscaler
ZS
$27.5B
| $21.7M | ﹤0.01% |
96,362
+27,971
| +41% | +$7.89M |
|
2120
CALL
Bitdeer Technologies
BTDR
$2.9B
| $21.7M | ﹤0.01% |
1,933,000
-272,600
| -12% | -$4.39M |
|
2121
PUT
iShares MSCI ACWI ETF
ACWI
$33.3B
| $21.7M | ﹤0.01% |
153,100
+86,700
| +131% | +$12.2M |
|
2122
Best Buy
BBY
$18.4B
| $21.7M | ﹤0.01% |
323,579
+289,611
| +853% | +$22.1M |
|
|
2123
PUT
Modine Manufacturing
MOD
$9.95B
| $21.6M | ﹤0.01% |
162,000
+9,500
| +6% | +$1.42M |
|
2124
Nu Holdings
NU
$73.3B
| $21.6M | ﹤0.01% |
1,290,042
+485,600
| +60% | +$7.8M |
|
|
CNR
2125
PUT
Core Natural Resources Inc
CNR
$4.87B
| $21.5M | ﹤0.01% |
243,400
-113,900
| -32% | -$9.71M |
|
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.