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 | |
|---|---|---|---|---|---|---|
2151
CleanSpark
CLSK
$3.13B
| $21M | ﹤0.01% |
2,071,283
+565,336
| +38% | +$8.47M |
|
2152
Lemonade
LMND
$4.15B
| $20.9M | ﹤0.01% |
294,164
-97,838
| -25% | -$6.57M |
|
2153
Vulcan Materials
VMC
$35.5B
| $20.9M | ﹤0.01% |
73,408
+55,049
| +300% | +$16.1M |
|
2154
Lamb Weston
LW
$7.6B
| $20.9M | ﹤0.01% |
499,460
+370,638
| +288% | +$21.8M |
|
2155
Core Scientific
CORZ
$5.6B
| $20.9M | ﹤0.01% |
1,436,750
+1,076,866
| +299% | +$18.8M |
|
2156
iShares Global Infrastructure ETF
IGF
$10.6B
| $20.9M | ﹤0.01% |
340,794
+261,801
| +331% | +$16.2M |
|
2157
Huntington Bancshares
HBAN
$34.4B
| $20.9M | ﹤0.01% |
1,204,980
+762,051
| +172% | +$12.5M |
|
2158
Cencora
COR
$62.6B
| $20.8M | ﹤0.01% |
61,726
+1,727
| +3% | +$589K |
|
2159
Agilent Technologies
A
$43.8B
| $20.7M | ﹤0.01% |
152,432
+61,069
| +67% | +$8.78M |
|
2160
PUT
Vanguard Morningstar Growth ETF
VUG
$225B
| $20.7M | ﹤0.01% |
255,000
-239,400
| -48% | -$19.4M |
|
2161
CALL
Viking Holdings
VIK
$40.4B
| $20.7M | ﹤0.01% |
290,100
+34,400
| +13% | +$2.2M |
|
2162
PUT
Mineralys Therapeutics
MLYS
$2.29B
| $20.7M | ﹤0.01% |
570,800
+533,800
| +1,443% | +$21.4M |
|
2163
PUT
Restaurant Brands International
QSR
$27.6B
| $20.7M | ﹤0.01% |
303,400
-39,200
| -11% | -$2.7M |
|
2164
PUT
Regions Financial
RF
$26.2B
| $20.7M | ﹤0.01% |
763,400
+593,900
| +350% | +$15.2M |
|
2165
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $20.7M | ﹤0.01% |
591,800
-54,400
| -8% | -$1.83M |
|
2166
CALL
CorMedix
CRMD
$654M
| $20.7M | ﹤0.01% |
1,777,100
+690,300
| +64% | +$7.63M |
|
2167
PUT
Cenovus Energy
CVE
$58.1B
| $20.7M | ﹤0.01% |
1,221,200
+17,600
| +1% | +$306K |
|
|
FLX
2168
BingEx Ltd
FLX
$143M
| $20.7M | ﹤0.01% |
6,495,883
| – | – |
|
2169
PUT
ProShares Ultra S&P500
SSO
$8.42B
| $20.6M | ﹤0.01% |
355,900
-152,700
| -30% | -$8.74M |
|
2170
CALL
Klaviyo
KVYO
$5.07B
| $20.6M | ﹤0.01% |
634,300
+12,500
| +2% | +$350K |
|
2171
CALL
The RealReal
REAL
$1.33B
| $20.6M | ﹤0.01% |
1,303,400
+468,800
| +56% | +$6.12M |
|
2172
CALL
SiTime
SITM
$18B
| $20.6M | ﹤0.01% |
58,200
+300
| +0.5% | +$93.9K |
|
2173
PUT
Archer Daniels Midland
ADM
$38.6B
| $20.5M | ﹤0.01% |
357,300
-390,700
| -52% | -$23.3M |
|
2174
CALL
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $20.5M | ﹤0.01% |
328,100
+177,800
| +118% | +$10.9M |
|
2175
PUT
Mettler-Toledo International
MTD
$28B
| $20.5M | ﹤0.01% |
14,700
-3,900
| -21% | -$5.45M |
|
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.