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 | |
|---|---|---|---|---|---|---|
376
CALL
Comcast
CMCSA
$95.3B
| $210M | 0.04% |
5,694,100
+806,700
| +17% | +$29.1M |
|
377
PUT
Apollo Global Management
APO
$78.4B
| $210M | 0.04% |
1,530,900
+500,100
| +49% | +$76.9M |
|
378
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $209M | 0.04% |
4,202,481
-1,176,805
| -22% | -$59M |
|
379
CALL
Linde
LIN
$225B
| $209M | 0.04% |
448,500
-209,200
| -32% | -$94.2M |
|
380
CALL
ProShares UltraPro QQQ
TQQQ
$35.8B
| $209M | 0.04% |
7,287,800
-6,327,400
| -46% | -$240M |
|
381
CALL
Zoom
ZM
$31.5B
| $209M | 0.04% |
2,829,600
-950,900
| -25% | -$75.8M |
|
382
CALL
Arista Networks
ANET
$238B
| $207M | 0.04% |
2,677,300
-591,400
| -18% | -$60M |
|
383
CALL
O'Reilly Automotive
ORLY
$72.1B
| $207M | 0.04% |
2,163,000
+916,500
| +74% | +$79.7M |
|
384
Citigroup
C
$221B
| $206M | 0.04% |
2,899,787
+661,116
| +30% | +$50.4M |
|
385
PUT
Trade Desk
TTD
$6.19B
| $204M | 0.03% |
3,724,300
+2,525,100
| +211% | +$228M |
|
386
CALL
KLA
KLAC
$240B
| $204M | 0.03% |
2,994,000
+396,000
| +15% | +$28.5M |
|
387
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $203M | 0.03% |
10,405,300
-1,386,000
| -12% | -$33M |
|
388
Flutter Entertainment
FLUT
$17.8B
| $203M | 0.03% |
916,585
-492,444
| -35% | -$128M |
|
389
PUT
Ulta Beauty
ULTA
$22.4B
| $202M | 0.03% |
551,300
-391,500
| -42% | -$149M |
|
390
PUT
RTX Corp
RTX
$283B
| $201M | 0.03% |
1,517,200
-1,370,900
| -47% | -$174M |
|
391
CALL
Thermo Fisher Scientific
TMO
$233B
| $199M | 0.03% |
400,400
-175,500
| -30% | -$95.1M |
|
392
PUT
Domino's
DPZ
$11.3B
| $199M | 0.03% |
433,600
+95,900
| +28% | +$43.4M |
|
393
PUT
Gilead Sciences
GILD
$181B
| $199M | 0.03% |
1,775,400
-241,900
| -12% | -$25M |
|
394
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $199M | 0.03% |
757,400
-990,700
| -57% | -$270M |
|
|
X
395
PUT
DELISTED
US Steel
X
| $198M | 0.03% |
4,675,800
-3,218,400
| -41% | -$122M |
|
396
CALL
Cigna
CI
$73.3B
| $197M | 0.03% |
598,900
+42,100
| +8% | +$12.7M |
|
397
PUT
JD.com
JD
$39.7B
| $197M | 0.03% |
4,783,200
-21,700
| -0.5% | -$871K |
|
398
PUT
Altria Group
MO
$110B
| $196M | 0.03% |
3,270,900
-1,624,200
| -33% | -$88.7M |
|
399
PUT
United Rentals
URI
$68.4B
| $196M | 0.03% |
313,100
-122,300
| -28% | -$84.1M |
|
400
PUT
Northrop Grumman
NOC
$78.3B
| $196M | 0.03% |
382,400
+40,000
| +12% | +$19.1M |
|
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.