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 | |
|---|---|---|---|---|---|---|
3551
CALL
ProShares Ultra Semiconductors
USD
$2.6B
| $6.34M | ﹤0.01% |
171,400
-78,000
| -31% | -$1.95M |
|
3552
PUT
GlobalFoundries
GFS
$24.6B
| $6.34M | ﹤0.01% |
166,000
+98,000
| +144% | +$3.55M |
|
3553
National Health Investors
NHI
$3.54B
| $6.34M | ﹤0.01% |
90,390
+4,326
| +5% | +$317K |
|
3554
CALL
Viper Energy
VNOM
$15.9B
| $6.34M | ﹤0.01% |
166,200
-58,000
| -26% | -$2.35M |
|
3555
CALL
ProShares UltraShort QQQ
QID
$216M
| $6.32M | ﹤0.01% |
249,800
-70,300
| -22% | -$2.26M |
|
3556
Equifax
EFX
$22.8B
| $6.32M | ﹤0.01% |
24,381
-19,188
| -44% | -$4.88M |
|
3557
PUT
Helen of Troy
HELE
$667M
| $6.32M | ﹤0.01% |
222,800
+163,600
| +276% | +$5.02M |
|
3558
PUT
Applied Industrial Technologies
AIT
$11.8B
| $6.32M | ﹤0.01% |
27,200
+6,900
| +34% | +$1.57M |
|
3559
PUT
Gold Fields
GFI
$40.9B
| $6.32M | ﹤0.01% |
267,100
-132,500
| -33% | -$3.04M |
|
3560
CALL
Tetra Tech
TTEK
$9.36B
| $6.32M | ﹤0.01% |
175,800
+31,900
| +22% | +$1.06M |
|
3561
Brookfield Infrastructure
BIPC
$4.75B
| $6.32M | ﹤0.01% |
151,806
+1,099
| +0.7% | +$42.3K |
|
|
UCB
3562
United Community Banks
UCB
$4.24B
| $6.31M | ﹤0.01% |
211,895
+6,723
| +3% | +$187K |
|
3563
Brown-Forman Class B
BF.B
$12.5B
| $6.31M | ﹤0.01% |
234,507
+193,186
| +468% | +$6.2M |
|
3564
PUT
Legend Biotech
LEGN
$3.87B
| $6.31M | ﹤0.01% |
177,800
+19,500
| +12% | +$632K |
|
3565
CALL
Reinsurance Group of America
RGA
$16B
| $6.31M | ﹤0.01% |
31,800
+21,200
| +200% | +$4.14M |
|
3566
Defiance Quantum ETF
QTUM
$5.53B
| $6.31M | ﹤0.01% |
68,694
+7,125
| +12% | +$576K |
|
3567
PUT
ProShares VIX Short-Term Futures ETF
VIXY
$216M
| $6.31M | ﹤0.01% |
134,500
+29,900
| +29% | +$1.72M |
|
|
LB
3568
PUT
LandBridge Co
LB
$2.47B
| $6.3M | ﹤0.01% |
93,200
+32,600
| +54% | +$2.35M |
|
3569
Renasant Corp
RNST
$3.76B
| $6.3M | ﹤0.01% |
175,236
+42,142
| +32% | +$1.41M |
|
3570
CALL
Equitable Holdings
EQH
$13.7B
| $6.29M | ﹤0.01% |
112,100
+75,700
| +208% | +$3.89M |
|
|
VPU
3571
CALL
Vanguard Utilities ETF
VPU
$8.26B
| $6.28M | ﹤0.01% |
35,600
-15,400
| -30% | -$2.66M |
|
3572
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.55B
| $6.28M | ﹤0.01% |
68,164
+64,984
| +2,044% | +$5.91M |
|
3573
Customers Bancorp
CUBI
$2.65B
| $6.28M | ﹤0.01% |
106,958
-11,102
| -9% | -$562K |
|
3574
Frontdoor
FTDR
$5.71B
| $6.28M | ﹤0.01% |
106,508
+318
| +0.3% | +$16K |
|
3575
PUT
ARK 21Shares Bitcoin ETF
ARKB
$2.96B
| $6.28M | ﹤0.01% |
175,400
+116,300
| +197% | +$3.81M |
|
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.