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 | |
|---|---|---|---|---|---|---|
2576
PUT
FIVE9
FIVN
$2.57B
| $12.3M | ﹤0.01% |
464,900
+102,900
| +28% | +$2.68M |
|
2577
CALL
Huntington Ingalls Industries
HII
$11.7B
| $12.3M | ﹤0.01% |
50,900
-34,200
| -40% | -$7.64M |
|
2578
Liberty Media Series A
FWONA
$23.6B
| $12.3M | ﹤0.01% |
129,353
+76,000
| +142% | +$6.42M |
|
2579
CALL
Box
BOX
$4.82B
| $12.3M | ﹤0.01% |
358,800
+5,100
| +1% | +$167K |
|
2580
PUT
Vipshop
VIPS
$6.39B
| $12.3M | ﹤0.01% |
814,200
+526,600
| +183% | +$7.45M |
|
|
PRMB
2581
CALL
Primo Brands
PRMB
$8.16B
| $12.3M | ﹤0.01% |
413,600
+217,100
| +110% | +$6.94M |
|
2582
PUT
Enovix
ENVX
$786M
| $12.2M | ﹤0.01% |
1,353,714
-37,029
| -3% | -$241K |
|
2583
Copart
CPRT
$30.4B
| $12.2M | ﹤0.01% |
249,531
-51,172
| -17% | -$2.86M |
|
2584
Toast
TOST
$20.3B
| $12.2M | ﹤0.01% |
276,310
-307,284
| -53% | -$12.1M |
|
|
BPMC
2585
CALL
DELISTED
Blueprint Medicines
BPMC
| $12.2M | ﹤0.01% |
95,400
-154,200
| -62% | -$16M |
|
2586
Verisk Analytics
VRSK
$24.9B
| $12.2M | ﹤0.01% |
39,214
+24,964
| +175% | +$7.57M |
|
2587
PUT
AerCap
AER
$23.2B
| $12.2M | ﹤0.01% |
104,400
+42,800
| +69% | +$4.63M |
|
|
WCC
2588
CALL
WESCO International
WCC
$17.1B
| $12.2M | ﹤0.01% |
65,900
+16,700
| +34% | +$2.75M |
|
2589
PUT
CACI
CACI
$14B
| $12.2M | ﹤0.01% |
25,600
-28,800
| -53% | -$12.8M |
|
|
AMTM
2590
CALL
Amentum Holdings
AMTM
$5.02B
| $12.2M | ﹤0.01% |
516,400
+243,800
| +89% | +$5.1M |
|
2591
Vanguard World Funds Extended Duration ETF
EDV
$3.53B
| $12.2M | ﹤0.01% |
181,009
+162,989
| +904% | +$10.8M |
|
2592
PUT
Vanguard FTSE Europe ETF
VGK
$31B
| $12.2M | ﹤0.01% |
157,000
-25,700
| -14% | -$1.9M |
|
2593
Kratos Defense & Security Solutions
KTOS
$10.1B
| $12.2M | ﹤0.01% |
261,719
+19,353
| +8% | +$701K |
|
2594
Mirion Technologies
MIR
$3.6B
| $12.1M | ﹤0.01% |
563,825
+229,129
| +68% | +$3.95M |
|
2595
PUT
Copa Holdings
CPA
$5.93B
| $12.1M | ﹤0.01% |
110,300
-30,000
| -21% | -$2.96M |
|
2596
JPMorgan Global Select Equity ETF
JGLO
$6.72B
| $12.1M | ﹤0.01% |
+188,347
| New | +$11.3M |
|
2597
PUT
Boston Beer
SAM
$1.88B
| $12.1M | ﹤0.01% |
63,300
+16,700
| +36% | +$3.84M |
|
2598
US Bancorp
USB
$97.2B
| $12M | ﹤0.01% |
266,258
-185,239
| -41% | -$7.79M |
|
2599
Argan
AGX
$6.42B
| $12M | ﹤0.01% |
54,573
-30,412
| -36% | -$5.48M |
|
2600
J.M. Smucker
SJM
$14.1B
| $12M | ﹤0.01% |
122,471
+101,630
| +488% | +$11.2M |
|
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.