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 | |
|---|---|---|---|---|---|---|
4026
PUT
TAL Education Group
TAL
$6.62B
| $4.83M | ﹤0.01% |
473,000
+198,100
| +72% | +$2.05M |
|
4027
Sprout Social
SPT
$696M
| $4.83M | ﹤0.01% |
231,120
+64
| +0% | +$1.36K |
|
4028
Aurora
AUR
$11.7B
| $4.83M | ﹤0.01% |
922,210
-547,892
| -37% | -$3.44M |
|
4029
PUT
Protagonist Therapeutics
PTGX
$9.34B
| $4.83M | ﹤0.01% |
87,400
-36,800
| -30% | -$1.77M |
|
4030
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.6B
| $4.83M | ﹤0.01% |
98,419
-666,752
| -87% | -$32.6M |
|
4031
PTC
PTC
$17.1B
| $4.83M | ﹤0.01% |
27,998
+6,845
| +32% | +$1.1M |
|
4032
PUT
Roivant Sciences
ROIV
$25.1B
| $4.82M | ﹤0.01% |
428,000
+31,700
| +8% | +$344K |
|
4033
AllianzIM U.S. Equity Buffer10 Jul ETF
JULT
$58.6M
| $4.82M | ﹤0.01% |
+115,515
| New | +$4.5M |
|
4034
Acadia Healthcare
ACHC
$2.66B
| $4.82M | ﹤0.01% |
212,339
-108,270
| -34% | -$2.57M |
|
|
4035
CALL
Aurora
AUR
$11.7B
| $4.81M | ﹤0.01% |
918,700
-504,000
| -35% | -$3.16M |
|
4036
Aecom
ACM
$8.9B
| $4.81M | ﹤0.01% |
42,647
+14,231
| +50% | +$1.48M |
|
4037
CALL
Direxion Daily GOOGL Bull 2X ETF
GGLL
$1,000M
| $4.81M | ﹤0.01% |
138,500
+119,000
| +610% | +$3.69M |
|
4038
First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
$160M
| $4.81M | ﹤0.01% |
48,683
+6,655
| +16% | +$632K |
|
4039
PUT
Ameriprise Financial
AMP
$49.4B
| $4.8M | ﹤0.01% |
9,000
-5,700
| -39% | -$2.82M |
|
4040
Tandem Diabetes Care
TNDM
$1.49B
| $4.8M | ﹤0.01% |
257,459
+75,208
| +41% | +$1.49M |
|
4041
Franklin Bitcoin ETF
EZBC
$459M
| $4.8M | ﹤0.01% |
76,820
+42,259
| +122% | +$2.41M |
|
4042
PUT
RXO
RXO
$3.61B
| $4.79M | ﹤0.01% |
+304,900
| New | +$4.62M |
|
|
BLD
4043
CALL
DELISTED
TopBuild
BLD
| $4.79M | ﹤0.01% |
14,800
+1,400
| +10% | +$415K |
|
4044
CALL
Dropbox
DBX
$7.76B
| $4.79M | ﹤0.01% |
167,500
+15,000
| +10% | +$425K |
|
4045
Insight Enterprises
NSIT
$4.57B
| $4.79M | ﹤0.01% |
34,685
-6,129
| -15% | -$825K |
|
4046
CALL
Vanguard Total Bond Market
BND
$161B
| $4.79M | ﹤0.01% |
65,000
+46,500
| +251% | +$3.38M |
|
4047
Exponent
EXPO
$3.4B
| $4.79M | ﹤0.01% |
64,058
+1,352
| +2% | +$105K |
|
|
NMAX
4048
CALL
Newsmax Inc
NMAX
$1.38B
| $4.78M | ﹤0.01% |
+316,100
| New | +$8.28M |
|
4049
PUT
Vanguard Total World Stock ETF
VT
$81.2B
| $4.78M | ﹤0.01% |
37,200
-39,400
| -51% | -$4.71M |
|
4050
Tecnoglass Holdings
TGLS
$1.78B
| $4.78M | ﹤0.01% |
61,791
-14,982
| -20% | -$1.16M |
|
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.