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 |
Apple
AAPL
|
+$680M |
| 2 |
Microsoft
MSFT
|
+$506M |
| 3 |
UnitedHealth
UNH
|
+$393M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$381M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5.24B |
| 2 |
Tesla
TSLA
|
+$450M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$444M |
| 4 |
TSMC
TSM
|
+$432M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.79% |
| 2 | Consumer Discretionary | 0.82% |
| 3 | Financials | 0.79% |
| 4 | Healthcare | 0.66% |
| 5 | Industrials | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Caterpillar
CAT
$381B
| $480M | 0.07% |
1,235,400
+125,900
| +11% | +$42M |
|
227
Micron Technology
MU
$1.09T
| $479M | 0.07% |
3,888,341
-174,160
| -4% | -$16.3M |
|
228
CALL
Lam Research
LRCX
$393B
| $479M | 0.07% |
4,920,600
-997,900
| -17% | -$79.1M |
|
229
CALL
Zscaler
ZS
$29.4B
| $478M | 0.07% |
1,522,600
-196,600
| -11% | -$49M |
|
230
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $475M | 0.07% |
3,748,800
+578,400
| +18% | +$64.2M |
|
231
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $473M | 0.07% |
8,423,700
-1,005,900
| -11% | -$51.2M |
|
|
XYZ
232
CALL
Block Inc
XYZ
$49.4B
| $473M | 0.07% |
6,960,900
+812,800
| +13% | +$47.3M |
|
233
PUT
United Airlines
UAL
$36.7B
| $465M | 0.06% |
5,835,400
-496,600
| -8% | -$36.6M |
|
234
PUT
Cameco
CCJ
$44.6B
| $463M | 0.06% |
6,238,400
+92,300
| +2% | +$4.93M |
|
235
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $462M | 0.06% |
3,675,500
+209,400
| +6% | +$25.1M |
|
236
CALL
lululemon athletica
LULU
$13.7B
| $457M | 0.06% |
1,925,100
+168,100
| +10% | +$46.3M |
|
237
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $454M | 0.06% |
5,895,100
-84,100
| -1% | -$6.1M |
|
238
Coinbase
COIN
$49.2B
| $454M | 0.06% |
1,295,476
+1,018,041
| +367% | +$238M |
|
239
CALL
Blackrock
BLK
$179B
| $450M | 0.06% |
428,800
+21,400
| +5% | +$20.2M |
|
240
CALL
NextEra Energy
NEE
$174B
| $448M | 0.06% |
6,451,700
+2,267,700
| +54% | +$158M |
|
241
CALL
McDonald's
MCD
$192B
| $443M | 0.06% |
1,517,100
-264,600
| -15% | -$81.6M |
|
242
PUT
PepsiCo
PEP
$196B
| $438M | 0.06% |
3,319,900
+1,914,200
| +136% | +$258M |
|
243
CALL
Constellation Energy
CEG
$96.7B
| $435M | 0.06% |
1,348,600
+125,500
| +10% | +$33.2M |
|
|
244
Berkshire Hathaway Class B
BRK.B
$1.06T
| $434M | 0.06% |
894,345
+749,372
| +517% | +$381M |
|
245
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $428M | 0.06% |
1,793,400
+40,400
| +2% | +$8.1M |
|
|
246
PUT
Lam Research
LRCX
$393B
| $428M | 0.06% |
4,395,400
-511,200
| -10% | -$40.5M |
|
247
CALL
Dell
DELL
$286B
| $427M | 0.06% |
3,485,600
-963,600
| -22% | -$98.5M |
|
248
CALL
Amgen
AMGN
$238B
| $424M | 0.06% |
1,519,900
-171,900
| -10% | -$48.7M |
|
249
PUT
Applied Materials
AMAT
$391B
| $424M | 0.06% |
2,315,200
-385,400
| -14% | -$61.1M |
|
250
PUT
Shopify
SHOP
$192B
| $423M | 0.06% |
3,670,500
+591,000
| +19% | +$59.1M |
|
Similar funds
Jeff Yass's Q2 2025 Portfolio in Review
As of Q2 2025, Jeff Yass held 14,080 positions worth $720B, up 23% from $586B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass deployed $32.3B of net new capital in Q2 2025, opening 1,720 new positions and adding to 5,716 existing holdings. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B trimmed.
- Jeff Yass's largest Q2 2025 buy was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
- Jeff Yass added most to Apple in Q2 2025, an estimated $680M increase.
- Jeff Yass's biggest Q2 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $5.24B.
- Jeff Yass fully exited Vanguard Intermediate-Term Bond ETF in Q2 2025, selling an estimated $61.8M.
- Jeff Yass's ten largest holdings make up 26% of its $720B portfolio in Q2 2025.
- Jeff Yass opened 1,720 new positions and closed 1,538 in Q2 2025.
- Jeff Yass's portfolio value rose 23% quarter-over-quarter to $720B.
Based on Susquehanna International Group's 13F filing for Q2 2025, filed 14 Aug 2025.