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 | |
|---|---|---|---|---|---|---|
4501
Pathward Financial
CASH
$1.69B
| $3.8M | ﹤0.01% |
47,987
+815
| +2% | +$62.4K |
|
4502
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.39B
| $3.8M | ﹤0.01% |
2,405
-4,309
| -64% | -$14.6M |
|
4503
Pricesmart
PSMT
$5.23B
| $3.8M | ﹤0.01% |
36,130
-2,105
| -6% | -$212K |
|
4504
Carlyle Group
CG
$17.5B
| $3.79M | ﹤0.01% |
73,802
-57,018
| -44% | -$2.46M |
|
|
PMT
4505
PUT
PennyMac Mortgage Investment
PMT
$814M
| $3.79M | ﹤0.01% |
294,700
+172,700
| +142% | +$2.2M |
|
4506
Otter Tail
OTTR
$3.81B
| $3.79M | ﹤0.01% |
49,150
-1,521
| -3% | -$119K |
|
4507
PUT
Domo
DOMO
$182M
| $3.79M | ﹤0.01% |
271,200
+247,200
| +1,030% | +$2.49M |
|
4508
iShares MSCI USA Value Factor ETF
VLUE
$9.77B
| $3.79M | ﹤0.01% |
33,450
-31,192
| -48% | -$3.29M |
|
4509
Avista
AVA
$3.15B
| $3.79M | ﹤0.01% |
99,750
-19,041
| -16% | -$751K |
|
4510
Vanguard Russell 2000 Growth ETF
VTWG
$1.51B
| $3.78M | ﹤0.01% |
18,129
-34,827
| -66% | -$6.7M |
|
4511
CALL
Northern Oil and Gas
NOG
$2.74B
| $3.78M | ﹤0.01% |
133,200
-45,500
| -25% | -$1.22M |
|
4512
CALL
Kanzhun
BZ
$7.95B
| $3.77M | ﹤0.01% |
211,600
+68,000
| +47% | +$1.14M |
|
4513
iShares MSCI Chile ETF
ECH
$1.05B
| $3.77M | ﹤0.01% |
119,999
+74,817
| +166% | +$2.33M |
|
4514
Nelnet
NNI
$4.56B
| $3.77M | ﹤0.01% |
31,146
-17,950
| -37% | -$2M |
|
4515
CALL
Evergy
EVRG
$18.6B
| $3.77M | ﹤0.01% |
54,700
-13,600
| -20% | -$914K |
|
4516
Advanced Drainage Systems
WMS
$10.3B
| $3.77M | ﹤0.01% |
+32,819
| New | +$3.68M |
|
4517
CALL
Acadia Healthcare
ACHC
$2.66B
| $3.77M | ﹤0.01% |
166,000
+38,000
| +30% | +$900K |
|
4518
PUT
Boyd Gaming
BYD
$5.77B
| $3.76M | ﹤0.01% |
48,100
+16,900
| +54% | +$1.21M |
|
|
BWIN
4519
Baldwin Insurance Group
BWIN
$2.97B
| $3.76M | ﹤0.01% |
87,856
+1,565
| +2% | +$63.5K |
|
4520
Bank OZK
OZK
$5.39B
| $3.76M | ﹤0.01% |
79,897
-74,718
| -48% | -$3.27M |
|
4521
Lincoln Electric
LECO
$15.5B
| $3.76M | ﹤0.01% |
18,125
+7,423
| +69% | +$1.42M |
|
4522
ProShares Short QQQ
PSQ
$598M
| $3.76M | ﹤0.01% |
111,570
+29
| +0% | +$1.1K |
|
4523
Sensata Technologies
ST
$5.97B
| $3.75M | ﹤0.01% |
124,536
+32,558
| +35% | +$799K |
|
4524
MYR Group
MYRG
$4.58B
| $3.75M | ﹤0.01% |
20,661
+1,206
| +6% | +$177K |
|
4525
PUT
Ascendis Pharma A/S
ASND
$16.3B
| $3.75M | ﹤0.01% |
21,700
-48,100
| -69% | -$7.83M |
|
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.