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 | |
|---|---|---|---|---|---|---|
326
CALL
W.W. Grainger
GWW
$61.8B
| $314M | 0.04% |
301,500
-96,600
| -24% | -$100M |
|
327
CALL
Capital One
COF
$134B
| $311M | 0.04% |
1,462,200
+129,600
| +10% | +$24.2M |
|
328
iShares MSCI EAFE ETF
EFA
$80B
| $310M | 0.04% |
3,466,755
+2,425,391
| +233% | +$207M |
|
329
CALL
Vanguard Information Technology ETF
VGT
$145B
| $308M | 0.04% |
3,713,600
-484,000
| -12% | -$35.2M |
|
330
PUT
Workday
WDAY
$49.4B
| $308M | 0.04% |
1,282,100
+585,800
| +84% | +$143M |
|
331
CALL
Starbucks
SBUX
$122B
| $307M | 0.04% |
3,348,200
-497,300
| -13% | -$43.1M |
|
332
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $305M | 0.04% |
8,304,500
-1,230,900
| -13% | -$43.1M |
|
333
CALL
Humana
HUM
$45.5B
| $303M | 0.04% |
1,239,400
+114,600
| +10% | +$28.6M |
|
|
B
334
CALL
Barrick Mining
B
$78.3B
| $303M | 0.04% |
14,534,700
+2,848,900
| +24% | +$55.7M |
|
335
CALL
Marathon Digital Holdings
MARA
$4.35B
| $300M | 0.04% |
19,149,700
+6,045,500
| +46% | +$86.6M |
|
336
PUT
Hilton Worldwide
HLT
$73.5B
| $300M | 0.04% |
1,126,000
+475,100
| +73% | +$113M |
|
337
CALL
Affirm
AFRM
$25.8B
| $300M | 0.04% |
4,336,800
-472,700
| -10% | -$24.5M |
|
338
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$42.8B
| $300M | 0.04% |
3,127,300
+1,321,100
| +73% | +$125M |
|
339
PUT
United Parcel Service
UPS
$86.8B
| $299M | 0.04% |
2,964,900
+58,500
| +2% | +$5.76M |
|
340
PUT
Ulta Beauty
ULTA
$22.4B
| $298M | 0.04% |
637,700
+86,400
| +16% | +$35.7M |
|
341
PUT
Freeport-McMoran
FCX
$110B
| $298M | 0.04% |
6,871,100
-541,600
| -7% | -$20.6M |
|
342
CALL
T-Mobile US
TMUS
$196B
| $296M | 0.04% |
1,244,000
-331,800
| -21% | -$81M |
|
343
PUT
DoorDash
DASH
$96.8B
| $296M | 0.04% |
1,200,800
-674,300
| -36% | -$135M |
|
344
CALL
RTX Corp
RTX
$283B
| $296M | 0.04% |
2,026,600
+75,000
| +4% | +$9.99M |
|
345
CALL
Cigna
CI
$73.3B
| $295M | 0.04% |
891,500
+292,600
| +49% | +$94.3M |
|
346
PUT
Occidental Petroleum
OXY
$61.3B
| $294M | 0.04% |
7,003,700
+878,800
| +14% | +$36.7M |
|
347
PUT
Dollar Tree
DLTR
$25.3B
| $294M | 0.04% |
2,970,100
-53,100
| -2% | -$4.58M |
|
348
CALL
Agnico Eagle Mines
AEM
$109B
| $294M | 0.04% |
2,473,100
+132,000
| +6% | +$15.3M |
|
349
CALL
Delta Air Lines
DAL
$54.2B
| $294M | 0.04% |
5,980,200
-1,146,200
| -16% | -$52.6M |
|
|
350
CALL
Freeport-McMoran
FCX
$110B
| $291M | 0.04% |
6,720,700
-4,616,800
| -41% | -$175M |
|
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.