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 | |
|---|---|---|---|---|---|---|
2901
Southwest Gas
SWX
$6.48B
| $9.51M | ﹤0.01% |
127,809
+43,831
| +52% | +$3.16M |
|
2902
WisdomTree Floating Rate Treasury Fund
USFR
$18.7B
| $9.5M | ﹤0.01% |
+188,787
| New | +$9.51M |
|
2903
Halozyme
HALO
$12.1B
| $9.49M | ﹤0.01% |
182,424
+20,179
| +12% | +$1.15M |
|
2904
Ovintiv
OVV
$18B
| $9.49M | ﹤0.01% |
249,357
-83,949
| -25% | -$3.08M |
|
|
JOYY
2905
PUT
JOYY Inc
JOYY
$3.66B
| $9.48M | ﹤0.01% |
186,300
-164,800
| -47% | -$7.31M |
|
2906
Invesco Galaxy Bitcoin ETF
BTCO
$427M
| $9.47M | ﹤0.01% |
88,048
+57,699
| +190% | +$5.68M |
|
2907
CALL
Pitney Bowes
PBI
$2.37B
| $9.45M | ﹤0.01% |
866,000
+463,300
| +115% | +$4.36M |
|
2908
PUT
American Water Works
AWK
$27.2B
| $9.45M | ﹤0.01% |
67,900
+7,400
| +12% | +$1.06M |
|
2909
CALL
Campbell Soup
CPB
$6.94B
| $9.44M | ﹤0.01% |
308,100
-16,900
| -5% | -$595K |
|
2910
CALL
Molson Coors Class B
TAP
$7.77B
| $9.44M | ﹤0.01% |
196,300
-36,200
| -16% | -$1.99M |
|
2911
Meritage Homes
MTH
$4.6B
| $9.43M | ﹤0.01% |
140,814
+30,885
| +28% | +$2.05M |
|
2912
ResMed
RMD
$34B
| $9.43M | ﹤0.01% |
36,549
+25,821
| +241% | +$6.16M |
|
2913
Trip.com Group
TCOM
$28.1B
| $9.42M | ﹤0.01% |
160,726
-129,157
| -45% | -$7.76M |
|
2914
PUT
Novavax
NVAX
$1.49B
| $9.42M | ﹤0.01% |
1,495,700
+241,700
| +19% | +$1.6M |
|
2915
CALL
Hyatt Hotels
H
$16.3B
| $9.41M | ﹤0.01% |
67,400
+44,700
| +197% | +$5.58M |
|
|
OPRA
2916
CALL
Opera Ltd
OPRA
$1.73B
| $9.38M | ﹤0.01% |
496,400
+1,700
| +0.3% | +$29.1K |
|
2917
CALL
MarketAxess Holdings
MKTX
$5.72B
| $9.38M | ﹤0.01% |
42,000
+700
| +2% | +$154K |
|
2918
CALL
AGCO
AGCO
$7.77B
| $9.38M | ﹤0.01% |
90,900
+38,000
| +72% | +$3.62M |
|
2919
dLocal
DLO
$4.46B
| $9.36M | ﹤0.01% |
825,805
+101,617
| +14% | +$1M |
|
2920
CALL
Wabtec
WAB
$50.2B
| $9.36M | ﹤0.01% |
44,700
-8,600
| -16% | -$1.65M |
|
2921
Cummins
CMI
$79B
| $9.36M | ﹤0.01% |
28,570
+14,202
| +99% | +$4.4M |
|
2922
CALL
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$59.2M
| $9.35M | ﹤0.01% |
125,010
+53,980
| +76% | +$4.77M |
|
2923
CALL
Surgery Partners
SGRY
$1.82B
| $9.33M | ﹤0.01% |
419,900
+277,900
| +196% | +$6.18M |
|
2924
CALL
ProShares UltraPro Dow 30
UDOW
$873M
| $9.33M | ﹤0.01% |
197,600
+63,400
| +47% | +$2.56M |
|
2925
CALL
Unum
UNM
$14.6B
| $9.32M | ﹤0.01% |
115,400
+11,100
| +11% | +$877K |
|
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.