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 | Miscellaneous | 93.94% |
| 2 | Technology | 1.79% |
| 3 | Consumer Discretionary | 0.82% |
| 4 | Financials | 0.79% |
| 5 | Healthcare | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Atmus Filtration Technologies
ATMU
$4B
| $13.2M | ﹤0.01% |
361,471
-82,665
| -19% | -$2.95M |
|
2502
argenx
ARGX
$66B
| $13.1M | ﹤0.01% |
23,790
+21,917
| +1,170% | +$12.7M |
|
2503
PUT
Sterling Infrastructure
STRL
$15.4B
| $13.1M | ﹤0.01% |
56,800
-23,200
| -29% | -$4.05M |
|
2504
PUT
Modine Manufacturing
MOD
$10.1B
| $13.1M | ﹤0.01% |
132,900
+24,700
| +23% | +$2.2M |
|
2505
Sanmina
SANM
$11B
| $13.1M | ﹤0.01% |
133,691
+62,717
| +88% | +$5.18M |
|
2506
CALL
ProShares UltraPro Short S&P 500
SPXU
$384M
| $13.1M | ﹤0.01% |
194,500
+76,025
| +64% | +$6.73M |
|
2507
PUT
Papa John's
PZZA
$759M
| $13.1M | ﹤0.01% |
267,000
-158,800
| -37% | -$6.48M |
|
2508
Stride
LRN
$3.54B
| $13.1M | ﹤0.01% |
89,958
-7,575
| -8% | -$1.1M |
|
2509
CALL
Crown Holdings
CCK
$12.9B
| $13.1M | ﹤0.01% |
126,800
+34,600
| +38% | +$3.3M |
|
2510
Pacer US Cash Cows 100 ETF
COWZ
$20.2B
| $13.1M | ﹤0.01% |
236,869
+169,277
| +250% | +$8.96M |
|
2511
PUT
Western Midstream Partners
WES
$19.9B
| $13M | ﹤0.01% |
337,100
+168,800
| +100% | +$6.42M |
|
2512
CALL
Tyler Technologies
TYL
$15.1B
| $13M | ﹤0.01% |
22,000
-600
| -3% | -$340K |
|
2513
PUT
Vornado Realty Trust
VNO
$7.26B
| $13M | ﹤0.01% |
341,000
+101,900
| +43% | +$3.81M |
|
2514
PUT
Macy's
M
$5.91B
| $13M | ﹤0.01% |
1,117,400
-628,900
| -36% | -$7.29M |
|
|
CMA
2515
DELISTED
Comerica
CMA
| $13M | ﹤0.01% |
218,282
+105,506
| +94% | +$5.89M |
|
2516
CALL
Zeta Global
ZETA
$7.5B
| $13M | ﹤0.01% |
839,700
+172,200
| +26% | +$2.29M |
|
2517
CALL
abrdn Physical Silver Shares ETF
SIVR
$4.68B
| $13M | ﹤0.01% |
376,500
+227,400
| +153% | +$7.29M |
|
2518
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $12.9M | ﹤0.01% |
261,800
+56,600
| +28% | +$2.63M |
|
2519
PUT
Pegasystems
PEGA
$5.89B
| $12.9M | ﹤0.01% |
238,800
+181,400
| +316% | +$8.22M |
|
2520
CALL
CDW
CDW
$18.5B
| $12.9M | ﹤0.01% |
72,200
+31,400
| +77% | +$5.33M |
|
2521
PUT
YieldMax MSTR Option Income Strategy ETF
MSTY
$981M
| $12.9M | ﹤0.01% |
116,280
+65,960
| +131% | +$7.24M |
|
2522
CALL
Takeda Pharmaceutical
TAK
$57.8B
| $12.9M | ﹤0.01% |
832,300
+810,100
| +3,649% | +$12M |
|
2523
UMB Financial
UMBF
$11B
| $12.9M | ﹤0.01% |
122,198
-231
| -0.2% | -$23K |
|
2524
CALL
Armstrong World Industries
AWI
$7.47B
| $12.8M | ﹤0.01% |
79,100
+75,900
| +2,372% | +$11.3M |
|
2525
M&T Bank
MTB
$34.5B
| $12.8M | ﹤0.01% |
66,099
+5,934
| +10% | +$1.05M |
|
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's Q2 2025 filing shows 1,720 new, 5,716 increased, 5,055 reduced and 1,538 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.