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 | |
|---|---|---|---|---|---|---|
276
CALL
Arista Networks
ANET
$238B
| $375M | 0.05% |
3,666,000
+988,700
| +37% | +$85.5M |
|
277
PUT
Accenture
ACN
$113B
| $375M | 0.05% |
1,254,000
+578,500
| +86% | +$176M |
|
278
Meta Platforms (Facebook)
META
$1.4T
| $374M | 0.05% |
506,623
-562,384
| -53% | -$348M |
|
279
CALL
Eaton
ETN
$163B
| $374M | 0.05% |
1,047,400
-22,900
| -2% | -$7.05M |
|
280
PUT
CVS Health
CVS
$119B
| $372M | 0.05% |
5,399,400
+923,000
| +21% | +$60.5M |
|
281
CALL
Cloudflare
NET
$104B
| $372M | 0.05% |
1,898,900
+171,300
| +10% | +$24.9M |
|
282
PUT
Royal Caribbean
RCL
$78.1B
| $371M | 0.05% |
1,184,400
-419,500
| -26% | -$99.9M |
|
283
PUT
AbbVie
ABBV
$468B
| $370M | 0.05% |
1,990,800
-455,500
| -19% | -$84.7M |
|
284
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $369M | 0.05% |
2,030,800
-1,421,900
| -41% | -$245M |
|
285
CALL
Texas Instruments
TXN
$241B
| $368M | 0.05% |
1,774,800
-484,400
| -21% | -$86M |
|
286
PUT
Reddit
RDDT
$29.5B
| $367M | 0.05% |
2,440,700
-550,000
| -18% | -$62.4M |
|
287
PUT
Procter & Gamble
PG
$336B
| $363M | 0.05% |
2,277,500
+744,400
| +49% | +$122M |
|
288
CALL
Apollo Global Management
APO
$78.4B
| $362M | 0.05% |
2,552,500
-274,200
| -10% | -$36.4M |
|
289
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $360M | 0.05% |
9,803,900
-4,064,100
| -29% | -$142M |
|
290
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $359M | 0.05% |
6,395,000
-775,900
| -11% | -$39.5M |
|
291
Booking.com
BKNG
$158B
| $359M | 0.05% |
1,550,150
+1,208,175
| +353% | +$247M |
|
292
CALL
Merck
MRK
$376B
| $358M | 0.05% |
4,527,800
-1,672,400
| -27% | -$133M |
|
293
PUT
Philip Morris
PM
$293B
| $358M | 0.05% |
1,966,000
+501,500
| +34% | +$86.1M |
|
294
PUT
Sea Limited
SE
$72B
| $357M | 0.05% |
2,234,800
+143,500
| +7% | +$20.8M |
|
295
CALL
ARK Innovation ETF
ARKK
$6.72B
| $356M | 0.05% |
5,064,500
+433,900
| +9% | +$23.9M |
|
296
CALL
Bristol-Myers Squibb
BMY
$137B
| $356M | 0.05% |
7,680,700
+641,500
| +9% | +$31.5M |
|
|
297
PUT
Bristol-Myers Squibb
BMY
$137B
| $355M | 0.05% |
7,663,600
+2,670,500
| +53% | +$131M |
|
298
CALL
Shopify
SHOP
$192B
| $353M | 0.05% |
3,061,300
-922,700
| -23% | -$92.3M |
|
299
CALL
AST SpaceMobile
ASTS
$20.6B
| $352M | 0.05% |
7,531,700
+2,450,000
| +48% | +$70.9M |
|
|
AXON
300
PUT
Axon Enterprise
AXON
$51B
| $347M | 0.05% |
418,900
-16,600
| -4% | -$11.3M |
|
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.