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 | |
|---|---|---|---|---|---|---|
2701
CALL
Warby Parker
WRBY
$3.12B
| $11M | ﹤0.01% |
501,400
+426,600
| +570% | +$7.89M |
|
2702
CALL
Conagra Brands
CAG
$7.69B
| $11M | ﹤0.01% |
536,500
+67,500
| +14% | +$1.58M |
|
2703
BlackBerry
BB
$5.07B
| $11M | ﹤0.01% |
2,397,208
+516,706
| +27% | +$1.95M |
|
2704
CALL
ACM Research
ACMR
$5.61B
| $10.9M | ﹤0.01% |
422,700
+68,900
| +19% | +$1.55M |
|
2705
CALL
ProShares VIX Short-Term Futures ETF
VIXY
$212M
| $10.9M | ﹤0.01% |
233,400
+18,400
| +9% | +$1.06M |
|
2706
CALL
State Street SPDR S&P Semiconductor ETF
XSD
$2.69B
| $10.9M | ﹤0.01% |
42,600
+13,900
| +48% | +$2.99M |
|
2707
CALL
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.52B
| $10.9M | ﹤0.01% |
162,600
+46,200
| +40% | +$3.06M |
|
2708
CALL
Expeditors International
EXPD
$24.8B
| $10.9M | ﹤0.01% |
95,400
-300
| -0.3% | -$33.6K |
|
2709
HealthEquity
HQY
$7.81B
| $10.9M | ﹤0.01% |
103,973
-9,837
| -9% | -$932K |
|
2710
iShares Russell Mid-Cap ETF
IWR
$57.6B
| $10.9M | ﹤0.01% |
118,327
+65,497
| +124% | +$5.66M |
|
2711
Dynatrace
DT
$15.4B
| $10.9M | ﹤0.01% |
196,532
+139,990
| +248% | +$7.01M |
|
2712
MGM Resorts International
MGM
$10.8B
| $10.8M | ﹤0.01% |
315,474
-84,511
| -21% | -$2.68M |
|
2713
Shift4
FOUR
$3.47B
| $10.8M | ﹤0.01% |
109,399
+49,150
| +82% | +$4.28M |
|
2714
CALL
Factset
FDS
$10.8B
| $10.8M | ﹤0.01% |
24,200
+18,400
| +317% | +$8.06M |
|
2715
PUT
MasTec
MTZ
$20.2B
| $10.8M | ﹤0.01% |
63,500
-15,600
| -20% | -$2.25M |
|
2716
CALL
Main Street Capital
MAIN
$5.48B
| $10.8M | ﹤0.01% |
183,100
+62,600
| +52% | +$3.46M |
|
|
CADE
2717
DELISTED
Cadence Bank
CADE
| $10.8M | ﹤0.01% |
338,138
+21,746
| +7% | +$652K |
|
2718
CALL
Boston Beer
SAM
$1.88B
| $10.8M | ﹤0.01% |
56,600
+7,500
| +15% | +$1.73M |
|
|
2719
PUT
Dynatrace
DT
$15.4B
| $10.8M | ﹤0.01% |
195,600
+103,800
| +113% | +$5.2M |
|
2720
PUT
Vanguard High Dividend Yield ETF
VYM
$82.9B
| $10.8M | ﹤0.01% |
81,000
-28,200
| -26% | -$3.57M |
|
2721
International Paper
IP
$21.1B
| $10.8M | ﹤0.01% |
230,367
+135,729
| +143% | +$6.42M |
|
2722
PUT
Incyte
INCY
$25.9B
| $10.8M | ﹤0.01% |
158,400
+89,100
| +129% | +$5.64M |
|
2723
CALL
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$229M
| $10.8M | ﹤0.01% |
474,000
+33,300
| +8% | +$542K |
|
2724
CALL
Matsons
MATX
$6.64B
| $10.8M | ﹤0.01% |
96,800
+83,500
| +628% | +$9.14M |
|
2725
CALL
Beazer Homes USA
BZH
$886M
| $10.8M | ﹤0.01% |
481,700
+287,200
| +148% | +$5.96M |
|
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.