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 | |
|---|---|---|---|---|---|---|
3726
CALL
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$811M
| $5.73M | ﹤0.01% |
109,200
-61,300
| -36% | -$3.17M |
|
3727
CALL
Digital Turbine
APPS
$1.34B
| $5.72M | ﹤0.01% |
969,300
+286,500
| +42% | +$1.18M |
|
3728
Alamo Group
ALG
$2.01B
| $5.71M | ﹤0.01% |
26,152
+13,679
| +110% | +$2.61M |
|
3729
Universal Technical Institute
UTI
$1.17B
| $5.71M | ﹤0.01% |
168,514
+47,265
| +39% | +$1.48M |
|
3730
Knife River
KNF
$3.65B
| $5.71M | ﹤0.01% |
69,921
-5,079
| -7% | -$462K |
|
3731
CALL
BlackSky Technology
BKSY
$970M
| $5.71M | ﹤0.01% |
277,300
+204,500
| +281% | +$2.2M |
|
3732
CALL
NovoCure
NVCR
$2.08B
| $5.71M | ﹤0.01% |
320,600
-68,200
| -18% | -$1.19M |
|
3733
Moelis & Co
MC
$5.07B
| $5.71M | ﹤0.01% |
91,549
+3,626
| +4% | +$204K |
|
3734
Consolidated Edison
ED
$39.8B
| $5.7M | ﹤0.01% |
56,796
-21,194
| -27% | -$2.24M |
|
|
APLS
3735
DELISTED
Apellis Pharmaceuticals
APLS
| $5.69M | ﹤0.01% |
328,726
+299,221
| +1,014% | +$5.54M |
|
3736
CALL
Global Ship Lease
GSL
$1.6B
| $5.69M | ﹤0.01% |
216,200
+102,600
| +90% | +$2.4M |
|
3737
PUT
Barclays
BCS
$90.2B
| $5.68M | ﹤0.01% |
305,500
-447,800
| -59% | -$7.41M |
|
3738
PUT
Trimble
TRMB
$14.2B
| $5.68M | ﹤0.01% |
74,700
-88,600
| -54% | -$5.95M |
|
3739
CALL
United States Brent Oil Fund
BNO
$638M
| $5.67M | ﹤0.01% |
194,400
+164,500
| +550% | +$4.63M |
|
3740
PUT
Portillo's
PTLO
$341M
| $5.67M | ﹤0.01% |
486,000
+41,900
| +9% | +$483K |
|
3741
CALL
Cemex
CX
$15.7B
| $5.67M | ﹤0.01% |
817,900
+189,100
| +30% | +$1.2M |
|
3742
PUT
iShares US Financials ETF
IYF
$4.31B
| $5.66M | ﹤0.01% |
46,800
+42,800
| +1,070% | +$4.82M |
|
3743
CALL
iShares Russell Mid-Cap Growth ETF
IWP
$20.2B
| $5.66M | ﹤0.01% |
40,800
+14,900
| +58% | +$1.88M |
|
3744
TripAdvisor
TRIP
$1.16B
| $5.65M | ﹤0.01% |
433,099
-318,142
| -42% | -$4.25M |
|
3745
Atmos Energy
ATO
$28.2B
| $5.65M | ﹤0.01% |
36,671
+9,739
| +36% | +$1.51M |
|
3746
Sensient Technologies
SXT
$5.75B
| $5.65M | ﹤0.01% |
57,356
+60
| +0.1% | +$5.37K |
|
3747
BP
BP
$109B
| $5.65M | ﹤0.01% |
188,685
-65,113
| -26% | -$1.91M |
|
3748
Global X MSCI Argentina ETF
ARGT
$817M
| $5.65M | ﹤0.01% |
66,625
-19,128
| -22% | -$1.65M |
|
3749
PagSeguro Digital
PAGS
$2.45B
| $5.64M | ﹤0.01% |
585,274
+121,083
| +26% | +$1.09M |
|
3750
PUT
Murphy Oil
MUR
$5.11B
| $5.64M | ﹤0.01% |
250,700
+120,400
| +92% | +$2.68M |
|
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.