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 | |
|---|---|---|---|---|---|---|
4701
California Water Service
CWT
$3.12B
| $3.43M | ﹤0.01% |
75,446
-17,833
| -19% | -$853K |
|
4702
CALL
Aurinia Pharmaceuticals
AUPH
$2.17B
| $3.43M | ﹤0.01% |
405,000
-73,400
| -15% | -$588K |
|
4703
PUT
Oxford Industries
OXM
$572M
| $3.43M | ﹤0.01% |
85,200
-305,800
| -78% | -$15.4M |
|
4704
PUT
Fluence Energy
FLNC
$1.56B
| $3.43M | ﹤0.01% |
510,800
+216,600
| +74% | +$1.03M |
|
4705
PUT
Installed Building Products
IBP
$6.53B
| $3.43M | ﹤0.01% |
19,000
-3,900
| -17% | -$649K |
|
|
MPT
4706
Medical Properties Trust
MPT
$2.44B
| $3.42M | ﹤0.01% |
794,390
+568,756
| +252% | +$2.81M |
|
4707
Allegion
ALLE
$13.4B
| $3.42M | ﹤0.01% |
23,743
+16,882
| +246% | +$2.31M |
|
4708
Nutrien
NTR
$35.1B
| $3.42M | ﹤0.01% |
58,668
+25,863
| +79% | +$1.46M |
|
4709
Limbach Holdings
LMB
$493M
| $3.42M | ﹤0.01% |
24,376
-41
| -0.2% | -$4.65K |
|
4710
CALL
Unusual Machines
UMAC
$1.2B
| $3.41M | ﹤0.01% |
398,200
+382,900
| +2,503% | +$2.41M |
|
4711
PUT
Aehr Test Systems
AEHR
$2.64B
| $3.41M | ﹤0.01% |
263,900
+12,000
| +5% | +$114K |
|
|
LEG
4712
DELISTED
Leggett & Platt
LEG
| $3.41M | ﹤0.01% |
382,023
-563,644
| -60% | -$4.86M |
|
|
OPRA
4713
PUT
Opera Ltd
OPRA
$1.74B
| $3.4M | ﹤0.01% |
179,900
+15,100
| +9% | +$259K |
|
4714
Loews
L
$22.4B
| $3.4M | ﹤0.01% |
37,092
-44,381
| -54% | -$3.9M |
|
4715
PUT
Jack in the Box
JACK
$311M
| $3.4M | ﹤0.01% |
194,700
-5,200
| -3% | -$117K |
|
4716
CoinShares Bitcoin Mining and Digital Power ETF
WGMI
$210M
| $3.4M | ﹤0.01% |
149,490
-101,402
| -40% | -$1.65M |
|
4717
CALL
Alignment Healthcare
ALHC
$2.83B
| $3.4M | ﹤0.01% |
242,600
+201,700
| +493% | +$3.25M |
|
4718
Fortune Brands Innovations
FBIN
$5.43B
| $3.4M | ﹤0.01% |
65,960
+32,636
| +98% | +$1.71M |
|
4719
PUT
UGI
UGI
$8.15B
| $3.39M | ﹤0.01% |
93,200
-88,800
| -49% | -$3.05M |
|
|
HBI
4720
DELISTED
Hanesbrands
HBI
| $3.39M | ﹤0.01% |
740,855
+192,374
| +35% | +$928K |
|
4721
Franco-Nevada
FNV
$51.3B
| $3.39M | ﹤0.01% |
20,684
+15,634
| +310% | +$2.59M |
|
4722
PUT
Equitable Holdings
EQH
$13.7B
| $3.39M | ﹤0.01% |
60,400
+21,600
| +56% | +$1.11M |
|
4723
iShares Paris-Aligned Climate Optimized MSCI USA ETF
PABU
$2.55B
| $3.39M | ﹤0.01% |
50,664
+8,815
| +21% | +$546K |
|
|
CALY
4724
Callaway Golf Company
CALY
$2.8B
| $3.38M | ﹤0.01% |
420,111
-65,245
| -13% | -$449K |
|
4725
First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF
CARZ
$47.6M
| $3.38M | ﹤0.01% |
54,586
+17,502
| +47% | +$973K |
|
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.