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 | |
|---|---|---|---|---|---|---|
251
CALL
GE Aerospace
GE
$361B
| $351M | 0.06% |
1,755,700
-561,100
| -24% | -$110M |
|
252
PUT
American Express
AXP
$227B
| $350M | 0.06% |
1,301,900
-181,900
| -12% | -$53.8M |
|
253
Nike
NKE
$60.5B
| $349M | 0.06% |
5,492,372
+3,392,594
| +162% | +$250M |
|
254
CALL
United Parcel Service
UPS
$86.8B
| $346M | 0.06% |
3,148,400
+1,350,300
| +75% | +$161M |
|
255
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $346M | 0.06% |
3,501,600
+458,400
| +15% | +$49.7M |
|
256
UnitedHealth
UNH
$350B
| $344M | 0.06% |
657,068
-131,037
| -17% | -$67M |
|
257
PUT
Vertiv
VRT
$101B
| $344M | 0.06% |
4,760,100
+2,630,900
| +124% | +$280M |
|
258
CALL
Sea Limited
SE
$72B
| $343M | 0.06% |
2,630,300
-223,000
| -8% | -$27.7M |
|
259
Palantir
PLTR
$432B
| $343M | 0.06% |
4,062,553
-1,137,346
| -22% | -$99.9M |
|
260
PUT
DoorDash
DASH
$96.8B
| $343M | 0.06% |
1,875,100
+32,100
| +2% | +$6.04M |
|
261
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $342M | 0.06% |
9,535,400
-271,400
| -3% | -$9.19M |
|
262
CALL
Zscaler
ZS
$29.4B
| $341M | 0.06% |
1,719,200
+294,700
| +21% | +$58.7M |
|
263
PUT
Thermo Fisher Scientific
TMO
$233B
| $340M | 0.06% |
684,000
-16,600
| -2% | -$8.99M |
|
264
CALL
Ulta Beauty
ULTA
$22.4B
| $340M | 0.06% |
928,300
+60,000
| +7% | +$22.9M |
|
265
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $340M | 0.06% |
5,984,900
+548,200
| +10% | +$33.3M |
|
266
CALL
Morgan Stanley
MS
$336B
| $339M | 0.06% |
2,905,800
-1,512,500
| -34% | -$195M |
|
267
PUT
Deere & Co
DE
$175B
| $339M | 0.06% |
722,200
-160,400
| -18% | -$75M |
|
268
CALL
TJX Companies
TJX
$155B
| $337M | 0.06% |
2,765,800
+878,900
| +47% | +$107M |
|
269
CALL
Marvell Technology
MRVL
$213B
| $336M | 0.06% |
5,455,800
+701,700
| +15% | +$68.1M |
|
270
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $334M | 0.06% |
527,000
+133,500
| +34% | +$91.8M |
|
|
XYZ
271
CALL
Block Inc
XYZ
$49.4B
| $334M | 0.06% |
6,148,100
-1,695,400
| -22% | -$127M |
|
272
Alphabet (Google) Class A
GOOGL
$4.22T
| $333M | 0.06% |
2,151,174
-325,435
| -13% | -$59M |
|
273
PUT
Cisco
CSCO
$438B
| $330M | 0.06% |
5,354,700
+1,213,000
| +29% | +$74.7M |
|
274
CALL
PepsiCo
PEP
$196B
| $330M | 0.06% |
2,203,200
+352,300
| +19% | +$52.4M |
|
275
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $330M | 0.06% |
1,753,000
+31,600
| +2% | +$6.75M |
|
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.