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 | |
|---|---|---|---|---|---|---|
3676
CALL
Jack Henry & Associates
JKHY
$12.1B
| $5.87M | ﹤0.01% |
32,600
+15,100
| +86% | +$2.68M |
|
3677
Novavax
NVAX
$1.53B
| $5.87M | ﹤0.01% |
931,726
+457,417
| +96% | +$3.03M |
|
3678
PUT
Manhattan Associates
MANH
$13B
| $5.86M | ﹤0.01% |
29,700
-13,600
| -31% | -$2.47M |
|
3679
Vanguard Financials ETF
VFH
$13.9B
| $5.86M | ﹤0.01% |
46,059
-11,529
| -20% | -$1.37M |
|
|
CPRX
3680
DELISTED
Catalyst Pharmaceutical
CPRX
| $5.86M | ﹤0.01% |
270,171
+34,299
| +15% | +$810K |
|
3681
PUT
Skywest
SKYW
$3.84B
| $5.86M | ﹤0.01% |
56,900
+25,500
| +81% | +$2.42M |
|
3682
CALL
Direxion Daily Energy Bear 2X ETF
ERY
$39.8M
| $5.86M | ﹤0.01% |
257,600
+69,400
| +37% | +$1.69M |
|
3683
PUT
Dana Inc
DAN
$3.26B
| $5.86M | ﹤0.01% |
341,400
+315,200
| +1,203% | +$4.71M |
|
3684
LivaNova
LIVN
$4.43B
| $5.85M | ﹤0.01% |
129,968
-26,169
| -17% | -$1.08M |
|
3685
Korn Ferry
KFY
$4.43B
| $5.85M | ﹤0.01% |
79,752
+8,980
| +13% | +$598K |
|
3686
Alkermes
ALKS
$7.95B
| $5.85M | ﹤0.01% |
204,389
-27,636
| -12% | -$822K |
|
3687
Equinox Gold
EQX
$15.2B
| $5.85M | ﹤0.01% |
1,016,664
+648,810
| +176% | +$4.21M |
|
3688
PUT
Axcelis
ACLS
$3.57B
| $5.84M | ﹤0.01% |
83,800
-10,100
| -11% | -$576K |
|
3689
Medpace
MEDP
$16.8B
| $5.84M | ﹤0.01% |
18,595
+1,739
| +10% | +$522K |
|
3690
iShares TIPS Bond ETF
TIP
$15B
| $5.83M | ﹤0.01% |
53,013
-165,630
| -76% | -$18.1M |
|
3691
PUT
Thomson Reuters
TRI
$46B
| $5.83M | ﹤0.01% |
28,552
+24,220
| +559% | +$4.61M |
|
3692
PUT
YieldMax TSLA Option Income Strategy ETF
TSLY
$657M
| $5.83M | ﹤0.01% |
142,780
+98,560
| +223% | +$4.2M |
|
3693
Box
BOX
$4.8B
| $5.83M | ﹤0.01% |
170,691
-4,128
| -2% | -$135K |
|
3694
Nokia
NOK
$57.2B
| $5.83M | ﹤0.01% |
1,125,920
-618,215
| -35% | -$3.19M |
|
3695
Novanta
NOVT
$5.38B
| $5.83M | ﹤0.01% |
45,217
+1,251
| +3% | +$152K |
|
3696
CALL
Blue Owl Capital
OBDC
$5.57B
| $5.82M | ﹤0.01% |
405,600
-139,500
| -26% | -$1.98M |
|
3697
American Century Diversified Municipal Bond ETF
TAXF
$681M
| $5.81M | ﹤0.01% |
118,840
+110,603
| +1,343% | +$5.39M |
|
3698
Enpro
NPO
$6.33B
| $5.81M | ﹤0.01% |
30,334
+4,104
| +16% | +$702K |
|
3699
Harmony Gold Mining
HMY
$12.6B
| $5.81M | ﹤0.01% |
415,758
-35,224
| -8% | -$532K |
|
3700
PUT
Frontline
FRO
$9.84B
| $5.81M | ﹤0.01% |
353,800
-96,400
| -21% | -$1.64M |
|
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.