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
|
+$4.05B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.61B |
| 3 |
Tesla
TSLA
|
+$636M |
| 4 |
TSMC
TSM
|
+$604M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.25B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
Microsoft
MSFT
|
+$988M |
| 4 |
Meta Platforms (Facebook)
META
|
+$572M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$570M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Applied Materials
AMAT
$391B
| $392M | 0.07% |
2,700,600
+242,800
| +10% | +$40.8M |
|
227
PUT
Starbucks
SBUX
$122B
| $390M | 0.07% |
3,976,200
-1,302,800
| -25% | -$135M |
|
228
CALL
Apollo Global Management
APO
$78.4B
| $387M | 0.07% |
2,826,700
-615,400
| -18% | -$94.6M |
|
229
CALL
Danaher
DHR
$154B
| $386M | 0.07% |
1,883,700
+351,100
| +23% | +$76.7M |
|
230
CALL
Blackrock
BLK
$179B
| $386M | 0.07% |
407,400
-5,400
| -1% | -$5.29M |
|
231
CALL
Reddit
RDDT
$29.5B
| $382M | 0.07% |
3,640,700
-129,800
| -3% | -$21.5M |
|
232
CALL
Lockheed Martin
LMT
$130B
| $382M | 0.07% |
854,900
+54,000
| +7% | +$24.9M |
|
233
CALL
Shopify
SHOP
$192B
| $380M | 0.06% |
3,984,000
-967,000
| -20% | -$105M |
|
234
CALL
MongoDB
MDB
$34.7B
| $380M | 0.06% |
2,166,400
-214,400
| -9% | -$52.2M |
|
235
CALL
Occidental Petroleum
OXY
$61.3B
| $380M | 0.06% |
7,691,100
-2,975,300
| -28% | -$145M |
|
|
236
CALL
Starbucks
SBUX
$122B
| $377M | 0.06% |
3,845,500
-2,692,500
| -41% | -$278M |
|
237
PUT
Humana
HUM
$45.5B
| $372M | 0.06% |
1,405,500
+162,800
| +13% | +$44M |
|
238
CALL
3M
MMM
$92.3B
| $372M | 0.06% |
2,531,400
-331,900
| -12% | -$48.8M |
|
239
CALL
Datadog
DDOG
$84.6B
| $370M | 0.06% |
3,733,100
-285,600
| -7% | -$36M |
|
240
CALL
Accenture
ACN
$113B
| $369M | 0.06% |
1,182,100
+177,800
| +18% | +$62.8M |
|
241
PUT
Caterpillar
CAT
$381B
| $366M | 0.06% |
1,109,500
-337,500
| -23% | -$120M |
|
242
CALL
CVS Health
CVS
$119B
| $361M | 0.06% |
5,325,100
-2,957,600
| -36% | -$177M |
|
243
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $360M | 0.06% |
7,170,900
-11,425,300
| -61% | -$621M |
|
244
PUT
Amgen
AMGN
$238B
| $359M | 0.06% |
1,153,400
-92,500
| -7% | -$27.3M |
|
245
CALL
Philip Morris
PM
$293B
| $358M | 0.06% |
2,256,600
+514,700
| +30% | +$72.9M |
|
246
PUT
Lam Research
LRCX
$393B
| $357M | 0.06% |
4,906,600
-2,957,900
| -38% | -$233M |
|
247
PUT
FedEx
FDX
$76.9B
| $355M | 0.06% |
1,457,600
-617,600
| -30% | -$160M |
|
|
248
PUT
Lockheed Martin
LMT
$130B
| $355M | 0.06% |
795,000
+94,100
| +13% | +$43.3M |
|
|
249
Apple
AAPL
$4.51T
| $355M | 0.06% |
1,596,683
-4,867,623
| -75% | -$1.13B |
|
250
Micron Technology
MU
$1.09T
| $353M | 0.06% |
4,062,501
+3,021,888
| +290% | +$290M |
|
Similar funds
Jeff Yass's Q1 2025 Portfolio in Review
As of Q1 2025, Jeff Yass held 13,842 positions worth $586B, down 12% from $663B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Brookfield Asset Management worth $86M.
- Jeff Yass's largest Q1 2025 buy was Brookfield Asset Management: 1,775,684 shares worth $86M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $4.05B increase.
- Jeff Yass's biggest Q1 2025 reduction was Invesco QQQ Trust, cutting an estimated $1.25B.
- Jeff Yass fully exited Inari Medical, Inc. Common Stock in Q1 2025, selling an estimated $24M.
- Jeff Yass's ten largest holdings make up 28% of its $586B portfolio in Q1 2025.
- Jeff Yass opened 1,775 new positions and closed 1,483 in Q1 2025.
- Jeff Yass's portfolio value fell 12% quarter-over-quarter to $586B.
Based on Susquehanna International Group's 13F filing for Q1 2025, filed 14 May 2025.