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 | |
|---|---|---|---|---|---|---|
276
PUT
Royal Caribbean
RCL
$78.1B
| $330M | 0.06% |
1,603,900
-170,200
| -10% | -$40.2M |
|
277
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $327M | 0.06% |
3,170,400
-1,768,400
| -36% | -$200M |
|
278
CALL
United Airlines
UAL
$36.7B
| $323M | 0.06% |
4,682,900
-558,300
| -11% | -$52.7M |
|
279
PUT
Merck
MRK
$376B
| $323M | 0.06% |
3,593,800
+1,241,900
| +53% | +$116M |
|
280
CALL
Altria Group
MO
$110B
| $321M | 0.05% |
5,351,300
+1,650,700
| +45% | +$90.1M |
|
281
Broadcom
AVGO
$1.75T
| $321M | 0.05% |
1,914,746
-2,425,762
| -56% | -$513M |
|
282
PUT
United Parcel Service
UPS
$86.8B
| $320M | 0.05% |
2,906,400
+769,300
| +36% | +$92M |
|
|
283
PUT
iShares Bitcoin Trust
IBIT
$57.7B
| $319M | 0.05% |
6,816,100
-85,000
| -1% | -$4.5M |
|
284
CALL
ProShares UltraPro Short QQQ
SQQQ
$2.07B
| $319M | 0.05% |
1,664,120
-60,120
| -3% | -$9.51M |
|
285
PUT
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $318M | 0.05% |
9,097,700
+1,332,000
| +17% | +$44.1M |
|
286
CALL
ConocoPhillips
COP
$162B
| $314M | 0.05% |
2,992,300
-179,200
| -6% | -$17.9M |
|
287
PUT
Reddit
RDDT
$29.5B
| $314M | 0.05% |
2,990,700
+1,165,000
| +64% | +$193M |
|
288
CALL
General Motors
GM
$77.2B
| $314M | 0.05% |
6,668,400
+917,700
| +16% | +$45.2M |
|
289
CALL
Delta Air Lines
DAL
$54.2B
| $311M | 0.05% |
7,126,400
+341,200
| +5% | +$20.2M |
|
290
PUT
iShares Silver Trust
SLV
$33.8B
| $310M | 0.05% |
9,996,300
-256,600
| -3% | -$7.46M |
|
291
Salesforce
CRM
$171B
| $310M | 0.05% |
1,153,720
+418,263
| +57% | +$130M |
|
292
CALL
United States Oil Fund
USO
$2.24B
| $307M | 0.05% |
3,971,100
-871,400
| -18% | -$66.5M |
|
293
PUT
Bristol-Myers Squibb
BMY
$137B
| $305M | 0.05% |
4,993,100
+636,300
| +15% | +$37.1M |
|
294
PUT
CVS Health
CVS
$119B
| $303M | 0.05% |
4,476,400
-2,245,600
| -33% | -$134M |
|
295
CALL
Celsius Holdings
CELH
$8.44B
| $303M | 0.05% |
8,494,500
+2,859,700
| +51% | +$77.9M |
|
296
PUT
Occidental Petroleum
OXY
$61.3B
| $302M | 0.05% |
6,124,900
-631,800
| -9% | -$30.8M |
|
297
CALL
Deere & Co
DE
$175B
| $302M | 0.05% |
643,700
-156,500
| -20% | -$73.2M |
|
298
PUT
GE Aerospace
GE
$361B
| $300M | 0.05% |
1,498,700
-679,800
| -31% | -$134M |
|
|
299
PUT
United States Oil Fund
USO
$2.24B
| $299M | 0.05% |
3,870,600
-1,925,500
| -33% | -$147M |
|
300
CALL
Humana
HUM
$45.5B
| $298M | 0.05% |
1,124,800
-23,300
| -2% | -$6.3M |
|
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.