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 | |
|---|---|---|---|---|---|---|
3326
Varonis Systems
VRNS
$5.04B
| $7.21M | ﹤0.01% |
142,157
+512
| +0.4% | +$23.3K |
|
3327
Western Alliance Bancorporation
WAL
$8.57B
| $7.21M | ﹤0.01% |
92,499
+12,399
| +15% | +$891K |
|
3328
CALL
Lear
LEA
$8.26B
| $7.21M | ﹤0.01% |
75,900
-3,200
| -4% | -$281K |
|
3329
Qorvo
QRVO
$8.36B
| $7.21M | ﹤0.01% |
84,896
-183,826
| -68% | -$13.3M |
|
3330
Atlanta Braves Holdings Series B
BATRK
$3.24B
| $7.2M | ﹤0.01% |
154,043
+64,444
| +72% | +$2.64M |
|
3331
Rivian
RIVN
$23.3B
| $7.2M | ﹤0.01% |
524,030
-2,445,151
| -82% | -$33.2M |
|
|
PPL
3332
PPL Corp
PPL
$25.7B
| $7.19M | ﹤0.01% |
212,201
+42,783
| +25% | +$1.49M |
|
3333
Direxion Daily NVDA Bull 2X ETF
NVDU
$537M
| $7.19M | ﹤0.01% |
72,639
+31,929
| +78% | +$2.11M |
|
3334
CALL
iQIYI
IQ
$888M
| $7.19M | ﹤0.01% |
4,060,400
+2,764,000
| +213% | +$4.97M |
|
|
USAR
3335
CALL
USA Rare Earth Inc
USAR
$4.4B
| $7.19M | ﹤0.01% |
+655,700
| New | +$6.95M |
|
3336
CALL
NewMarket
NEU
$8.41B
| $7.18M | ﹤0.01% |
10,400
+9,300
| +845% | +$5.77M |
|
3337
First Trust Technology AlphaDEX Fund
FXL
$2.76B
| $7.18M | ﹤0.01% |
45,632
+3,026
| +7% | +$429K |
|
3338
Indivior Pharmaceuticals
INDV
$4.12B
| $7.18M | ﹤0.01% |
486,887
-1,785,055
| -79% | -$20.8M |
|
3339
PUT
iShares MSCI Taiwan ETF
EWT
$11.7B
| $7.17M | ﹤0.01% |
124,900
-62,200
| -33% | -$3.18M |
|
3340
Intellia Therapeutics
NTLA
$1.8B
| $7.17M | ﹤0.01% |
763,981
+334,876
| +78% | +$2.75M |
|
3341
CALL
Allegiant Air
ALGT
$2.16B
| $7.17M | ﹤0.01% |
130,400
+24,000
| +23% | +$1.24M |
|
3342
WesBanco
WSBC
$3.88B
| $7.13M | ﹤0.01% |
225,345
-38,917
| -15% | -$1.18M |
|
3343
ABM Industries
ABM
$2.77B
| $7.13M | ﹤0.01% |
150,948
+74,048
| +96% | +$3.58M |
|
3344
CALL
Teledyne Technologies
TDY
$28.8B
| $7.12M | ﹤0.01% |
13,900
+4,800
| +53% | +$2.32M |
|
|
XIFR
3345
XPLR Infrastructure LP
XIFR
$1.11B
| $7.12M | ﹤0.01% |
868,341
+146,218
| +20% | +$1.27M |
|
|
AXON
3346
Axon Enterprise
AXON
$48.8B
| $7.12M | ﹤0.01% |
8,600
-32,583
| -79% | -$22.2M |
|
3347
CALL
Rapid7
RPD
$896M
| $7.12M | ﹤0.01% |
307,700
+238,400
| +344% | +$5.65M |
|
3348
CALL
Open Text
OTEX
$6.08B
| $7.11M | ﹤0.01% |
243,400
-109,000
| -31% | -$2.96M |
|
3349
CALL
Alkermes
ALKS
$7.95B
| $7.1M | ﹤0.01% |
248,100
+130,000
| +110% | +$3.87M |
|
|
WCC
3350
PUT
WESCO International
WCC
$16.4B
| $7.09M | ﹤0.01% |
38,300
-27,300
| -42% | -$4.5M |
|
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.