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 | Miscellaneous | 94.1% |
| 2 | Technology | 1.55% |
| 3 | Consumer Discretionary | 0.95% |
| 4 | Financials | 0.77% |
| 5 | Healthcare | 0.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3526
Altimmune
ALT
$605M
| $5.38M | ﹤0.01% |
1,076,064
+575,145
| +115% | +$3.64M |
|
3527
Eledon Pharmaceuticals
ELDN
$260M
| $5.38M | ﹤0.01% |
1,585,648
+1,316,623
| +489% | +$5.42M |
|
3528
Energy Fuels
UUUU
$3.67B
| $5.37M | ﹤0.01% |
1,440,120
+235,886
| +20% | +$1.13M |
|
3529
PUT
Legend Biotech
LEGN
$3.87B
| $5.37M | ﹤0.01% |
158,300
+52,500
| +50% | +$1.88M |
|
3530
Cullen/Frost Bankers
CFR
$10B
| $5.37M | ﹤0.01% |
42,894
+21,651
| +102% | +$2.91M |
|
3531
HSBC
HSBC
$355B
| $5.37M | ﹤0.01% |
93,481
+71,738
| +330% | +$3.92M |
|
3532
Solventum
SOLV
$15.5B
| $5.37M | ﹤0.01% |
70,569
-114,561
| -62% | -$8.53M |
|
|
GRAL
3533
CALL
GRAIL Inc
GRAL
$3.57B
| $5.37M | ﹤0.01% |
210,100
-33,400
| -14% | -$1.03M |
|
3534
US Treasury 6 Month Bill ETF
XBIL
$745M
| $5.36M | ﹤0.01% |
+106,853
| New | +$5.35M |
|
3535
SM Energy
SM
$8.71B
| $5.36M | ﹤0.01% |
178,950
+78,245
| +78% | +$2.81M |
|
3536
Piper Sandler
PIPR
$5.34B
| $5.35M | ﹤0.01% |
86,476
+54,316
| +169% | +$3.89M |
|
3537
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $5.34M | ﹤0.01% |
112,217
+104,655
| +1,384% | +$4.98M |
|
3538
PUT
Clearwater Paper
CLW
$336M
| $5.33M | ﹤0.01% |
210,100
+104,700
| +99% | +$2.92M |
|
3539
CALL
Rambus
RMBS
$9.3B
| $5.33M | ﹤0.01% |
102,900
-10,500
| -9% | -$617K |
|
3540
PUT
Newell Brands
NWL
$2.63B
| $5.33M | ﹤0.01% |
859,100
+478,400
| +126% | +$3.84M |
|
3541
iShares ESG Aware MSCI EM ETF
ESGE
$6.9B
| $5.31M | ﹤0.01% |
+151,899
| New | +$5.29M |
|
3542
PUT
Silicon Motion
SIMO
$8.33B
| $5.31M | ﹤0.01% |
105,000
+13,800
| +15% | +$746K |
|
3543
CALL
Clearway Energy Class C
CWEN
$6.52B
| $5.31M | ﹤0.01% |
175,300
+140,800
| +408% | +$3.83M |
|
3544
Yum! Brands
YUM
$42B
| $5.3M | ﹤0.01% |
33,710
-202,005
| -86% | -$29.1M |
|
|
DESP
3545
CALL
DELISTED
Despegar.com
DESP
| $5.3M | ﹤0.01% |
282,300
+199,200
| +240% | +$3.82M |
|
3546
CALL
Similarweb
SMWB
$801M
| $5.3M | ﹤0.01% |
641,000
-35,000
| -5% | -$431K |
|
3547
Cabot Corp
CBT
$4.32B
| $5.3M | ﹤0.01% |
63,714
+39,385
| +162% | +$3.39M |
|
3548
PUT
CBRE Group
CBRE
$43.7B
| $5.3M | ﹤0.01% |
40,500
-147,700
| -78% | -$20.1M |
|
|
DFS
3549
DELISTED
Discover Financial Services
DFS
| $5.29M | ﹤0.01% |
30,994
-83,801
| -73% | -$15.3M |
|
|
VMRK
3550
PUT
Vivmark Residential
VMRK
$26.1B
| $5.29M | ﹤0.01% |
73,900
+54,100
| +273% | +$3.82M |
|
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's Q1 2025 filing shows 1,775 new, 5,712 increased, 4,842 reduced and 1,482 closed positions. Its largest new stake was Brookfield Asset Management: 1,775,684 shares worth $86M. The largest sale was Invesco QQQ Trust, an estimated $1.25B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 93% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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 1,482 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.