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 | |
|---|---|---|---|---|---|---|
301
CALL
Philip Morris
PM
$293B
| $346M | 0.05% |
1,897,700
-358,900
| -16% | -$61.6M |
|
302
CALL
Honeywell
HON
$68.4B
| $344M | 0.05% |
1,568,476
-602,967
| -28% | -$122M |
|
303
PUT
Zscaler
ZS
$29.4B
| $344M | 0.05% |
1,094,900
+164,200
| +18% | +$40.9M |
|
304
PUT
Fair Isaac
FICO
$25.3B
| $343M | 0.05% |
187,400
+141,600
| +309% | +$266M |
|
305
PUT
ARK Innovation ETF
ARKK
$6.59B
| $342M | 0.05% |
4,858,600
+1,857,200
| +62% | +$102M |
|
306
PUT
KLA
KLAC
$240B
| $340M | 0.05% |
3,795,000
+1,319,000
| +53% | +$99.2M |
|
307
PUT
Teradyne
TER
$58.7B
| $335M | 0.05% |
3,722,600
+2,684,500
| +259% | +$214M |
|
308
Adobe
ADBE
$109B
| $333M | 0.05% |
859,493
+518,327
| +152% | +$200M |
|
309
PUT
Dollar General
DG
$27.2B
| $331M | 0.05% |
2,892,000
-170,300
| -6% | -$16.9M |
|
310
PUT
MongoDB
MDB
$34.7B
| $329M | 0.05% |
1,567,800
-117,000
| -7% | -$21.6M |
|
311
PUT
Deere & Co
DE
$175B
| $329M | 0.05% |
647,300
-74,900
| -10% | -$36.7M |
|
312
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $328M | 0.05% |
3,959,300
+2,024,500
| +105% | +$162M |
|
313
PUT
American Express
AXP
$227B
| $328M | 0.05% |
1,029,300
-272,600
| -21% | -$76.7M |
|
314
CALL
Sea Limited
SE
$72B
| $328M | 0.05% |
2,052,200
-578,100
| -22% | -$83.7M |
|
315
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $327M | 0.05% |
4,058,700
-5,630,000
| -58% | -$444M |
|
316
Citigroup
C
$221B
| $326M | 0.05% |
3,824,041
+924,254
| +32% | +$66.8M |
|
317
PUT
Baidu
BIDU
$31.6B
| $322M | 0.04% |
3,750,700
-749,200
| -17% | -$64.6M |
|
318
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $320M | 0.04% |
2,370,600
+818,300
| +53% | +$110M |
|
319
CALL
United Parcel Service
UPS
$86.8B
| $319M | 0.04% |
3,161,600
+13,200
| +0.4% | +$1.3M |
|
320
PUT
Humana
HUM
$45.5B
| $318M | 0.04% |
1,301,700
-103,800
| -7% | -$25.9M |
|
|
SCHW
321
CALL
Charles Schwab
SCHW
$194B
| $318M | 0.04% |
3,486,500
+759,000
| +28% | +$63.6M |
|
322
CALL
Accenture
ACN
$113B
| $318M | 0.04% |
1,063,300
-118,800
| -10% | -$36.2M |
|
323
PUT
Starbucks
SBUX
$122B
| $315M | 0.04% |
3,439,200
-537,000
| -14% | -$46.5M |
|
324
iShares Core S&P 500 ETF
IVV
$893B
| $315M | 0.04% |
507,512
+411,017
| +426% | +$236M |
|
325
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $315M | 0.04% |
7,710,600
+510,000
| +7% | +$20.3M |
|
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.