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 | |
|---|---|---|---|---|---|---|
201
Alphabet (Google) Class C
GOOG
$4.18T
| $667M | 0.08% |
2,125,166
-14,141
| -0.7% | -$4.05M |
|
202
PUT
Thermo Fisher Scientific
TMO
$233B
| $665M | 0.08% |
1,147,700
-11,700
| -1% | -$6.62M |
|
203
PUT
Western Digital
WDC
$166B
| $655M | 0.08% |
3,801,600
+595,100
| +19% | +$90.2M |
|
204
CALL
DoorDash
DASH
$96.8B
| $651M | 0.08% |
2,875,800
-1,245,800
| -30% | -$292M |
|
205
CALL
Wells Fargo
WFC
$254B
| $645M | 0.07% |
6,920,400
-3,359,200
| -33% | -$292M |
|
206
CALL
Cisco
CSCO
$438B
| $644M | 0.07% |
8,362,800
+525,800
| +7% | +$39M |
|
207
PUT
PayPal
PYPL
$52.7B
| $637M | 0.07% |
10,914,600
+1,404,000
| +15% | +$91.2M |
|
208
PUT
Qualcomm
QCOM
$169B
| $631M | 0.07% |
3,690,800
+209,000
| +6% | +$35.8M |
|
209
PUT
Dell
DELL
$286B
| $628M | 0.07% |
4,991,400
+500,500
| +11% | +$70.5M |
|
210
CALL
Chevron
CVX
$403B
| $628M | 0.07% |
4,118,200
-2,092,100
| -34% | -$319M |
|
211
PUT
Seagate
STX
$193B
| $626M | 0.07% |
2,271,600
+605,000
| +36% | +$157M |
|
|
212
CALL
Western Digital
WDC
$166B
| $619M | 0.07% |
3,595,500
+548,700
| +18% | +$83.2M |
|
213
CALL
Iris Energy
IREN
$15B
| $615M | 0.07% |
16,286,300
+568,700
| +4% | +$29.3M |
|
|
214
PUT
Iris Energy
IREN
$15B
| $614M | 0.07% |
16,248,400
-569,600
| -3% | -$29.4M |
|
215
PUT
Shopify
SHOP
$192B
| $614M | 0.07% |
3,811,500
+625,700
| +20% | +$100M |
|
216
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $611M | 0.07% |
5,114,000
-381,200
| -7% | -$45.2M |
|
217
PUT
Vertiv
VRT
$101B
| $608M | 0.07% |
3,754,100
-269,500
| -7% | -$46.8M |
|
218
PUT
Newmont
NEM
$139B
| $604M | 0.07% |
6,045,800
+2,589,200
| +75% | +$234M |
|
219
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $602M | 0.07% |
18,939,500
-99,400
| -0.5% | -$3.14M |
|
220
CALL
Marriott International
MAR
$92.9B
| $598M | 0.07% |
1,929,000
+970,300
| +101% | +$277M |
|
221
PUT
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $595M | 0.07% |
17,476,600
+1,685,600
| +11% | +$64.8M |
|
222
PUT
Morgan Stanley
MS
$336B
| $591M | 0.07% |
3,330,000
-758,700
| -19% | -$127M |
|
223
CALL
Bloom Energy
BE
$59.3B
| $585M | 0.07% |
6,731,100
-286,600
| -4% | -$30.1M |
|
224
PUT
Blackstone
BX
$108B
| $582M | 0.07% |
3,776,600
+910,500
| +32% | +$138M |
|
225
CALL
Target
TGT
$75.1B
| $581M | 0.07% |
5,943,700
-453,400
| -7% | -$41.8M |
|
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.