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 | |
|---|---|---|---|---|---|---|
251
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $423M | 0.06% |
7,120,600
+1,135,700
| +19% | +$63.2M |
|
252
CALL
Avis
CAR
$5.18B
| $420M | 0.06% |
2,482,900
+1,480,400
| +148% | +$159M |
|
253
CALL
United Airlines
UAL
$36.7B
| $415M | 0.06% |
5,210,100
+527,200
| +11% | +$38.8M |
|
254
CALL
Hims & Hers Health
HIMS
$7.88B
| $413M | 0.06% |
8,282,800
+3,694,700
| +81% | +$167M |
|
255
PUT
FedEx
FDX
$76.9B
| $406M | 0.06% |
1,785,600
+328,000
| +23% | +$71.8M |
|
256
PUT
Thermo Fisher Scientific
TMO
$233B
| $406M | 0.06% |
1,000,700
+316,700
| +46% | +$132M |
|
257
CALL
Baidu
BIDU
$31.6B
| $402M | 0.06% |
4,683,200
-448,700
| -9% | -$38.7M |
|
258
CALL
Cameco
CCJ
$44.6B
| $401M | 0.06% |
5,404,600
+2,342,200
| +76% | +$125M |
|
259
PUT
Capital One
COF
$134B
| $400M | 0.06% |
1,879,000
+512,700
| +38% | +$95.7M |
|
|
NVO
260
PUT
Novo Nordisk
NVO
$207B
| $400M | 0.06% |
5,790,300
+3,433,900
| +146% | +$234M |
|
261
PUT
T-Mobile US
TMUS
$196B
| $395M | 0.05% |
1,659,300
+101,700
| +7% | +$24.8M |
|
262
CALL
Intuitive Surgical
ISRG
$134B
| $395M | 0.05% |
727,500
-127,300
| -15% | -$66.6M |
|
263
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $394M | 0.05% |
15,697,300
+8,994,100
| +134% | +$145M |
|
264
PUT
AT&T
T
$173B
| $393M | 0.05% |
13,578,300
+5,298,900
| +64% | +$146M |
|
265
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $393M | 0.05% |
3,615,400
+113,800
| +3% | +$11.6M |
|
266
CALL
MongoDB
MDB
$34.7B
| $393M | 0.05% |
1,870,300
-296,100
| -14% | -$54.7M |
|
267
CALL
CVS Health
CVS
$119B
| $390M | 0.05% |
5,651,000
+325,900
| +6% | +$21.4M |
|
268
CALL
Procter & Gamble
PG
$336B
| $390M | 0.05% |
2,446,400
-256,700
| -9% | -$41.9M |
|
269
PUT
AutoZone
AZO
$48.3B
| $384M | 0.05% |
103,500
+33,100
| +47% | +$122M |
|
270
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $384M | 0.05% |
2,602,800
-7,245,600
| -74% | -$988M |
|
271
PUT
Verizon
VZ
$205B
| $383M | 0.05% |
8,845,300
+44,300
| +0.5% | +$1.92M |
|
272
PUT
Coca-Cola
KO
$392B
| $381M | 0.05% |
5,388,700
+1,528,900
| +40% | +$109M |
|
|
273
CALL
Verizon
VZ
$205B
| $379M | 0.05% |
8,758,800
-2,031,500
| -19% | -$88M |
|
274
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $378M | 0.05% |
720,300
+193,300
| +37% | +$108M |
|
|
275
CALL
AT&T
T
$173B
| $377M | 0.05% |
13,039,900
-6,459,600
| -33% | -$178M |
|
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.