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 | |
|---|---|---|---|---|---|---|
3851
JPMorgan BetaBuilders Emerging Markets Equity ETF
BBEM
$849M
| $5.36M | ﹤0.01% |
92,081
+54,253
| +143% | +$2.95M |
|
3852
Skyward Specialty Insurance
SKWD
$2.36B
| $5.35M | ﹤0.01% |
92,634
+7,668
| +9% | +$442K |
|
|
CIM
3853
PUT
Chimera Investment
CIM
$963M
| $5.35M | ﹤0.01% |
385,700
+258,400
| +203% | +$3.3M |
|
3854
CALL
Commercial Metals
CMC
$7.48B
| $5.35M | ﹤0.01% |
109,300
+82,000
| +300% | +$3.8M |
|
3855
PUT
Amcor
AMCR
$21.6B
| $5.34M | ﹤0.01% |
116,260
-67,980
| -37% | -$3.14M |
|
3856
CALL
Sabre
SABR
$888M
| $5.34M | ﹤0.01% |
1,689,800
-316,900
| -16% | -$813K |
|
|
ECHO
3857
EchoStar
ECHO
$25.2B
| $5.34M | ﹤0.01% |
192,732
-158,172
| -45% | -$3.47M |
|
3858
Tyler Technologies
TYL
$15.5B
| $5.33M | ﹤0.01% |
8,998
-663
| -7% | -$375K |
|
|
SEE
3859
DELISTED
Sealed Air
SEE
| $5.33M | ﹤0.01% |
171,835
-287,857
| -63% | -$8.56M |
|
3860
iShares US Broker-Dealers & Securities Exchanges ETF
IAI
$1.41B
| $5.33M | ﹤0.01% |
31,508
+5,616
| +22% | +$829K |
|
3861
CALL
Phathom Pharmaceuticals
PHAT
$743M
| $5.32M | ﹤0.01% |
554,900
+524,600
| +1,731% | +$2.9M |
|
3862
PUT
NewMarket
NEU
$8.41B
| $5.32M | ﹤0.01% |
7,700
+6,900
| +863% | +$4.28M |
|
3863
NMI Holdings
NMIH
$3.37B
| $5.32M | ﹤0.01% |
126,034
-12,795
| -9% | -$481K |
|
3864
Raymond James Financial
RJF
$34.5B
| $5.32M | ﹤0.01% |
34,664
+17,084
| +97% | +$2.45M |
|
3865
Janux Therapeutics
JANX
$1.1B
| $5.31M | ﹤0.01% |
229,989
-138,946
| -38% | -$3.66M |
|
3866
PUT
Vodafone
VOD
$37.1B
| $5.31M | ﹤0.01% |
497,900
-106,200
| -18% | -$1.03M |
|
3867
Sabra Healthcare REIT
SBRA
$5.27B
| $5.3M | ﹤0.01% |
287,677
+6,549
| +2% | +$116K |
|
3868
CALL
Copa Holdings
CPA
$5.29B
| $5.3M | ﹤0.01% |
48,200
-76,600
| -61% | -$7.56M |
|
3869
Eversource Energy
ES
$26.7B
| $5.3M | ﹤0.01% |
83,282
+56,669
| +213% | +$3.49M |
|
3870
Western Midstream Partners
WES
$20B
| $5.3M | ﹤0.01% |
136,900
-22,899
| -14% | -$871K |
|
3871
PUT
Ambev
ABEV
$44.1B
| $5.29M | ﹤0.01% |
2,195,500
+1,413,800
| +181% | +$3.44M |
|
|
CHYM
3872
PUT
Chime Financial
CHYM
$12.6B
| $5.29M | ﹤0.01% |
+153,300
| New | +$5.05M |
|
3873
Incyte
INCY
$25.2B
| $5.29M | ﹤0.01% |
77,626
+31,732
| +69% | +$2.01M |
|
3874
CALL
Steris
STE
$22.8B
| $5.28M | ﹤0.01% |
22,000
+12,000
| +120% | +$2.79M |
|
3875
Western Union
WU
$2.26B
| $5.28M | ﹤0.01% |
627,415
+521,202
| +491% | +$4.95M |
|
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.