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
|
+$2.87B |
| 2 |
NVIDIA
NVDA
|
+$2.46B |
| 3 |
Microsoft
MSFT
|
+$1.32B |
| 4 |
Amazon
AMZN
|
+$1.13B |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$1.12B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.78B |
| 2 |
SNDK
Sandisk
SNDK
|
+$949M |
| 3 |
Advanced Micro Devices
AMD
|
+$926M |
| 4 |
Micron Technology
MU
|
+$585M |
| 5 |
Vanguard Total International Stock ETF
VXUS
|
+$509M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.93% |
| 2 | Communication Services | 0.62% |
| 3 | Consumer Discretionary | 0.62% |
| 4 | Industrials | 0.48% |
| 5 | Healthcare | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
PUT
Humana
HUM
$45.5B
| $423M | 0.03% |
1,066,000
-177,800
| -14% | -$50.6M |
|
|
NVO
352
PUT
Novo Nordisk
NVO
$207B
| $423M | 0.03% |
8,830,300
-6,489,000
| -42% | -$279M |
|
353
CALL
Eaton
ETN
$163B
| $423M | 0.03% |
991,900
+71,600
| +8% | +$28.9M |
|
354
PUT
Freeport-McMoran
FCX
$110B
| $422M | 0.03% |
6,714,800
+364,400
| +6% | +$23.4M |
|
355
PUT
Celestica
CLS
$37.4B
| $419M | 0.03% |
1,148,500
+142,400
| +14% | +$53.4M |
|
356
PUT
Linde
LIN
$225B
| $415M | 0.03% |
800,100
+380,100
| +91% | +$193M |
|
357
CALL
Analog Devices
ADI
$182B
| $415M | 0.03% |
1,044,500
+97,700
| +10% | +$38.7M |
|
358
PUT
Comfort Systems
FIX
$58.3B
| $413M | 0.03% |
208,300
+110,800
| +114% | +$201M |
|
359
CALL
CVS Health
CVS
$119B
| $410M | 0.03% |
3,961,300
-955,700
| -19% | -$85.3M |
|
|
CRCL
360
CALL
Circle Internet Group
CRCL
$22.3B
| $409M | 0.03% |
6,532,000
-205,900
| -3% | -$20M |
|
361
CALL
United Airlines
UAL
$36.7B
| $409M | 0.03% |
3,005,300
-2,710,700
| -47% | -$281M |
|
362
PUT
RTX Corp
RTX
$283B
| $408M | 0.03% |
2,148,000
-229,100
| -10% | -$42M |
|
363
Bloom Energy
BE
$59.3B
| $406M | 0.03% |
1,342,797
+859,549
| +178% | +$220M |
|
364
PUT
Applied Optoelectronics
AAOI
$10.6B
| $404M | 0.03% |
2,729,700
+633,300
| +30% | +$103M |
|
365
PUT
lululemon athletica
LULU
$13.7B
| $404M | 0.03% |
3,534,900
-177,900
| -5% | -$23.8M |
|
|
CRCL
366
PUT
Circle Internet Group
CRCL
$22.3B
| $400M | 0.03% |
6,394,500
+1,498,100
| +31% | +$146M |
|
367
PUT
Delta Air Lines
DAL
$54.2B
| $400M | 0.03% |
4,269,900
-629,100
| -13% | -$47.5M |
|
|
368
CALL
Humana
HUM
$45.5B
| $400M | 0.03% |
1,006,600
-67,300
| -6% | -$19.2M |
|
369
CALL
Verizon
VZ
$205B
| $399M | 0.03% |
9,425,900
-711,800
| -7% | -$33.4M |
|
370
CALL
Moderna
MRNA
$57.9B
| $399M | 0.03% |
5,692,300
-1,341,300
| -19% | -$69.4M |
|
371
CALL
Deere & Co
DE
$175B
| $395M | 0.03% |
623,000
+75,200
| +14% | +$43.6M |
|
|
372
CALL
Applied Optoelectronics
AAOI
$10.6B
| $395M | 0.03% |
2,663,500
+725,000
| +37% | +$118M |
|
373
CALL
Honeywell
HON
$68.4B
| $391M | 0.03% |
1,746,900
-199,000
| -10% | -$44.4M |
|
374
CALL
PepsiCo
PEP
$196B
| $391M | 0.03% |
2,887,900
-159,100
| -5% | -$23.8M |
|
375
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $388M | 0.03% |
2,447,500
+1,524,900
| +165% | +$227M |
|
Similar funds
Jeff Yass's Q2 2026 Portfolio in Review
As of Q2 2026, Jeff Yass held 15,023 positions worth $1.28T, up 44% from $893B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass deployed $142B of net new capital in Q2 2026, opening 1,956 new positions and adding to 5,793 existing holdings. Its largest new stake was Vanguard Total International Bond ETF: 5,720,864 shares worth $277M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, up from 2% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $1.78B trimmed.
- Jeff Yass's largest Q2 2026 buy was Vanguard Total International Bond ETF: 5,720,864 shares worth $277M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $2.87B increase.
- Jeff Yass's biggest Q2 2026 reduction was Invesco QQQ Trust, cutting an estimated $1.78B.
- Jeff Yass fully exited iShares MSCI Emerging Markets ex China ETF in Q2 2026, selling an estimated $142M.
- Jeff Yass's ten largest holdings make up 27% of its $1.28T portfolio in Q2 2026.
- Jeff Yass opened 1,956 new positions and closed 1,748 in Q2 2026.
- Jeff Yass's portfolio value rose 44% quarter-over-quarter to $1.28T.
Based on Susquehanna International Group's 13F filing for Q2 2026, filed 14 Aug 2026.