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 | Technology | 1.79% |
| 2 | Consumer Discretionary | 0.82% |
| 3 | Financials | 0.79% |
| 4 | Healthcare | 0.66% |
| 5 | Industrials | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
JPMorgan Chase
JPM
$935B
| $222M | 0.03% |
766,369
+46,832
| +7% | +$12M |
|
427
PUT
Constellation Brands
STZ
$23.2B
| $221M | 0.03% |
1,361,200
+418,600
| +44% | +$75.1M |
|
428
CALL
Boston Scientific
BSX
$73B
| $221M | 0.03% |
2,059,700
-250,400
| -11% | -$25.3M |
|
429
CALL
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.74B
| $221M | 0.03% |
9,411,600
-6,178,500
| -40% | -$96.5M |
|
430
PUT
Cloudflare
NET
$104B
| $221M | 0.03% |
1,126,800
+95,700
| +9% | +$13.9M |
|
431
PUT
Trade Desk
TTD
$6.19B
| $220M | 0.03% |
3,053,100
-671,200
| -18% | -$42.9M |
|
432
CALL
Lowe's Companies
LOW
$121B
| $219M | 0.03% |
988,600
-162,000
| -14% | -$36.2M |
|
433
Wynn Resorts
WYNN
$10.3B
| $219M | 0.03% |
2,336,010
+247,854
| +12% | +$21M |
|
434
CALL
Airbnb
ABNB
$110B
| $217M | 0.03% |
1,642,800
+64,200
| +4% | +$8.13M |
|
435
Applovin
APP
$102B
| $217M | 0.03% |
619,183
+344,932
| +126% | +$112M |
|
436
PUT
Honeywell
HON
$68.4B
| $216M | 0.03% |
982,168
-170,396
| -15% | -$34.5M |
|
437
PUT
Roku
ROKU
$23.4B
| $215M | 0.03% |
2,446,000
+866,100
| +55% | +$60.5M |
|
438
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $215M | 0.03% |
482,600
+2,200
| +0.5% | +$1.01M |
|
439
CALL
Thermo Fisher Scientific
TMO
$233B
| $214M | 0.03% |
527,200
+126,800
| +32% | +$53M |
|
440
CALL
Union Pacific
UNP
$183B
| $213M | 0.03% |
927,400
+335,700
| +57% | +$74.5M |
|
441
PUT
Estee Lauder
EL
$36.9B
| $213M | 0.03% |
2,634,500
-784,100
| -23% | -$50.4M |
|
442
CALL
ConocoPhillips
COP
$162B
| $212M | 0.03% |
2,364,800
-627,500
| -21% | -$56.5M |
|
|
TEM
443
PUT
Tempus AI
TEM
$13.1B
| $211M | 0.03% |
3,325,200
+1,481,100
| +80% | +$84.9M |
|
444
PayPal
PYPL
$52.7B
| $207M | 0.03% |
2,790,722
+218,932
| +9% | +$15M |
|
445
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $206M | 0.03% |
2,667,300
+572,000
| +27% | +$41.5M |
|
446
CALL
Dollar Tree
DLTR
$25.3B
| $204M | 0.03% |
2,063,900
-1,149,700
| -36% | -$99.2M |
|
447
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $204M | 0.03% |
1,620,100
-437,100
| -21% | -$52.4M |
|
448
PUT
United Rentals
URI
$68.4B
| $203M | 0.03% |
269,000
-44,100
| -14% | -$29.5M |
|
449
Goldman Sachs
GS
$303B
| $203M | 0.03% |
286,282
+89,118
| +45% | +$51.6M |
|
|
FL
450
PUT
DELISTED
Foot Locker
FL
| $200M | 0.03% |
8,175,500
+3,108,800
| +61% | +$56.5M |
|
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 deployed $32.3B of net new capital in Q2 2025, opening 1,720 new positions and adding to 5,716 existing holdings. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B trimmed.
- 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.