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 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
CALL
Trade Desk
TTD
$6.19B
| $229M | 0.04% |
4,192,800
+2,361,700
| +129% | +$214M |
|
|
AXON
352
PUT
Axon Enterprise
AXON
$51B
| $229M | 0.04% |
435,500
+165,400
| +61% | +$96.8M |
|
353
CALL
Analog Devices
ADI
$182B
| $229M | 0.04% |
1,133,700
-32,800
| -3% | -$7.09M |
|
354
CALL
Roblox
RBLX
$27.4B
| $228M | 0.04% |
3,919,800
-606,000
| -13% | -$38.1M |
|
355
PUT
Texas Instruments
TXN
$241B
| $228M | 0.04% |
1,270,200
-509,900
| -29% | -$95.5M |
|
|
B
356
CALL
Barrick Mining
B
$78.3B
| $227M | 0.04% |
11,685,800
-3,758,800
| -24% | -$65.8M |
|
357
PUT
Dollar Tree
DLTR
$25.3B
| $227M | 0.04% |
3,023,200
+777,500
| +35% | +$55.6M |
|
358
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $227M | 0.04% |
1,552,300
-988,700
| -39% | -$144M |
|
359
PUT
Estee Lauder
EL
$36.9B
| $226M | 0.04% |
3,418,600
+1,436,600
| +72% | +$104M |
|
360
PUT
Airbnb
ABNB
$110B
| $225M | 0.04% |
1,886,300
+146,000
| +8% | +$19.6M |
|
361
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $221M | 0.04% |
5,142,200
-688,600
| -12% | -$30.1M |
|
362
CALL
ARK Innovation ETF
ARKK
$6.72B
| $220M | 0.04% |
4,630,600
+74,100
| +2% | +$4.25M |
|
363
PUT
Delta Air Lines
DAL
$54.2B
| $219M | 0.04% |
5,016,600
+1,583,100
| +46% | +$93.9M |
|
364
Boeing
BA
$169B
| $218M | 0.04% |
1,280,081
+403,023
| +46% | +$69.8M |
|
365
PUT
Lowe's Companies
LOW
$121B
| $218M | 0.04% |
933,200
-560,100
| -38% | -$138M |
|
366
PUT
Ford
F
$57.5B
| $218M | 0.04% |
21,689,500
-973,500
| -4% | -$9.51M |
|
367
CALL
Affirm
AFRM
$25.8B
| $217M | 0.04% |
4,809,500
-1,075,000
| -18% | -$63.7M |
|
368
CALL
Flutter Entertainment
FLUT
$17.8B
| $217M | 0.04% |
980,100
+540,800
| +123% | +$140M |
|
369
ASML
ASML
$677B
| $217M | 0.04% |
327,451
+155,293
| +90% | +$113M |
|
370
PUT
ConocoPhillips
COP
$162B
| $217M | 0.04% |
2,062,600
-527,500
| -20% | -$52.6M |
|
371
iShares China Large-Cap ETF
FXI
$4.28B
| $215M | 0.04% |
6,009,631
-6,973,025
| -54% | -$236M |
|
372
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$396M
| $215M | 0.04% |
1,251,350
-739,300
| -37% | -$111M |
|
|
SCHW
373
CALL
Charles Schwab
SCHW
$194B
| $214M | 0.04% |
2,727,500
-602,500
| -18% | -$47.3M |
|
374
PUT
Accenture
ACN
$113B
| $211M | 0.04% |
675,500
-18,300
| -3% | -$6.46M |
|
375
PUT
PepsiCo
PEP
$196B
| $211M | 0.04% |
1,405,700
-124,100
| -8% | -$18.5M |
|
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 withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Brookfield Asset Management worth $86M.
- 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 1,483 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.