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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.87B |
| 2 |
NVIDIA
NVDA
|
+$2.46B |
| 3 |
Microsoft
MSFT
|
+$1.32B |
| 4 |
Amazon
AMZN
|
+$1.13B |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$1.12B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.78B |
| 2 |
SNDK
Sandisk
SNDK
|
+$949M |
| 3 |
Advanced Micro Devices
AMD
|
+$926M |
| 4 |
Micron Technology
MU
|
+$585M |
| 5 |
Vanguard Total International Stock ETF
VXUS
|
+$509M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.93% |
| 2 | Communication Services | 0.62% |
| 3 | Consumer Discretionary | 0.62% |
| 4 | Industrials | 0.48% |
| 5 | Healthcare | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $61.5B | 4.79% |
82,364,300
-30,270,700
| -27% | -$21.9B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $47.7B | 3.72% |
63,908,400
-3,277,100
| -5% | -$2.38B |
|
|
3
CALL
Invesco QQQ Trust
QQQ
$486B
| $40.8B | 3.18% |
55,463,200
+18,909,700
| +52% | +$13B |
|
|
4
CALL
Micron Technology
MU
$1.09T
| $37.4B | 2.91% |
32,376,800
+12,072,900
| +59% | +$9.05B |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $36.2B | 2.82% |
49,115,100
+11,852,100
| +32% | +$8.15B |
|
|
6
PUT
Micron Technology
MU
$1.09T
| $33.4B | 2.6% |
28,931,800
+7,599,600
| +36% | +$5.7B |
|
|
SNDK
7
PUT
Sandisk
SNDK
$234B
| $25B | 1.95% |
10,996,500
+7,506,800
| +215% | +$10.7B |
|
|
8
CALL
NVIDIA
NVDA
$5.2T
| $22.1B | 1.72% |
110,468,400
+6,078,300
| +6% | +$1.25B |
|
9
CALL
Tesla
TSLA
$1.43T
| $19.3B | 1.5% |
45,774,000
+18,500
| +0% | +$7.36M |
|
10
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $18.9B | 1.47% |
28,795,200
+17,949,600
| +166% | +$9.79B |
|
11
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $18.6B | 1.45% |
61,950,300
+25,450,000
| +70% | +$7.15B |
|
|
12
CALL
Microsoft
MSFT
$3.59T
| $16.2B | 1.26% |
43,403,500
+10,396,900
| +31% | +$4.21B |
|
|
13
PUT
Advanced Micro Devices
AMD
$773B
| $14.7B | 1.15% |
25,308,000
+2,419,400
| +11% | +$992M |
|
|
SNDK
14
CALL
Sandisk
SNDK
$234B
| $14.6B | 1.14% |
6,434,300
+1,272,900
| +25% | +$1.82B |
|
|
15
CALL
Advanced Micro Devices
AMD
$773B
| $14.3B | 1.11% |
24,629,200
+3,575,900
| +17% | +$1.47B |
|
|
16
PUT
Tesla
TSLA
$1.43T
| $13.2B | 1.03% |
31,331,400
+394,800
| +1% | +$157M |
|
17
CALL
Meta Platforms (Facebook)
META
$1.4T
| $12.7B | 0.99% |
22,469,000
+2,581,500
| +13% | +$1.58B |
|
18
CALL
Apple
AAPL
$4.51T
| $12.5B | 0.97% |
43,119,100
+3,506,900
| +9% | +$1B |
|
|
19
PUT
NVIDIA
NVDA
$5.2T
| $11.8B | 0.92% |
59,033,700
-10,674,500
| -15% | -$2.19B |
|
|
20
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $10.9B | 0.85% |
14,608,579
+3,962,899
| +37% | +$2.87B |
|
|
21
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $10.6B | 0.83% |
29,752,700
+11,407,900
| +62% | +$4.11B |
|
|
22
CALL
Amazon
AMZN
$2.79T
| $10.6B | 0.83% |
44,592,500
+13,008,200
| +41% | +$3.27B |
|
|
23
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $9.86B | 0.77% |
15,033,200
+7,708,300
| +105% | +$4.21B |
|
24
CALL
SPDR Gold Trust
GLD
$152B
| $8.51B | 0.66% |
23,088,200
-6,572,400
| -22% | -$2.72B |
|
25
CALL
TSMC
TSM
$2.17T
| $8.24B | 0.64% |
17,248,800
-2,151,200
| -11% | -$873M |
|
Similar funds
Jeff Yass's Q2 2026 Portfolio in Review
As of Q2 2026, Jeff Yass held 15,023 positions worth $1.28T, up 44% from $893B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass deployed $142B of net new capital in Q2 2026, opening 1,956 new positions and adding to 5,793 existing holdings. Its largest new stake was Vanguard Total International Bond ETF: 5,720,864 shares worth $277M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, up from 2% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $1.78B trimmed.
- Jeff Yass's largest Q2 2026 buy was Vanguard Total International Bond ETF: 5,720,864 shares worth $277M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $2.87B increase.
- Jeff Yass's biggest Q2 2026 reduction was Invesco QQQ Trust, cutting an estimated $1.78B.
- Jeff Yass fully exited iShares MSCI Emerging Markets ex China ETF in Q2 2026, selling an estimated $142M.
- Jeff Yass's ten largest holdings make up 27% of its $1.28T portfolio in Q2 2026.
- Jeff Yass opened 1,956 new positions and closed 1,748 in Q2 2026.
- Jeff Yass's portfolio value rose 44% quarter-over-quarter to $1.28T.
Based on Susquehanna International Group's 13F filing for Q2 2026, filed 14 Aug 2026.