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 | |
|---|---|---|---|---|---|---|
451
PUT
Danaher
DHR
$154B
| $166M | 0.03% |
807,400
-229,300
| -22% | -$50.1M |
|
452
PUT
S&P Global
SPGI
$127B
| $165M | 0.03% |
325,600
+135,600
| +71% | +$69.3M |
|
453
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $165M | 0.03% |
2,025,500
-921,500
| -31% | -$73.5M |
|
454
CALL
Cheniere Energy
LNG
$57.3B
| $165M | 0.03% |
712,200
+210,800
| +42% | +$47.5M |
|
|
NVO
455
PUT
Novo Nordisk
NVO
$207B
| $164M | 0.03% |
2,356,400
+706,300
| +43% | +$58.3M |
|
456
PUT
Workday
WDAY
$49.4B
| $163M | 0.03% |
696,300
-206,700
| -23% | -$52.8M |
|
457
Qualcomm
QCOM
$169B
| $162M | 0.03% |
1,055,865
+143,854
| +16% | +$23.4M |
|
458
CALL
Nice
NICE
$5.87B
| $162M | 0.03% |
1,047,900
+361,600
| +53% | +$57.8M |
|
459
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.46B
| $162M | 0.03% |
1,666,700
+1,421,400
| +579% | +$147M |
|
460
CALL
American Tower
AMT
$81.9B
| $160M | 0.03% |
737,200
+128,900
| +21% | +$25.3M |
|
461
CALL
Western Digital
WDC
$166B
| $159M | 0.03% |
3,937,800
-1,090,394
| -22% | -$51.7M |
|
462
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $159M | 0.03% |
8,145,600
-3,819,800
| -32% | -$90.8M |
|
463
CALL
GameStop
GME
$8.17B
| $159M | 0.03% |
7,126,000
+788,100
| +12% | +$20.6M |
|
464
CALL
Wynn Resorts
WYNN
$10.3B
| $159M | 0.03% |
1,902,700
-647,300
| -25% | -$55.2M |
|
|
FINV
465
FinVolution Group
FINV
$1.03B
| $159M | 0.03% |
16,495,162
+1,800
| +0% | +$14.8K |
|
466
CALL
Ford
F
$57.5B
| $158M | 0.03% |
15,792,600
+2,212,600
| +16% | +$21.6M |
|
467
CALL
American Airlines Group
AAL
$9.15B
| $158M | 0.03% |
14,978,100
+4,718,500
| +46% | +$71.1M |
|
468
iShares Core MSCI EAFE ETF
IEFA
$195B
| $157M | 0.03% |
2,075,975
+414,044
| +25% | +$31M |
|
469
PUT
Devon Energy
DVN
$54B
| $157M | 0.03% |
4,198,600
-1,065,500
| -20% | -$37.8M |
|
470
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $157M | 0.03% |
1,934,800
-637,000
| -25% | -$56.9M |
|
471
CALL
RH
RH
$2.9B
| $155M | 0.03% |
661,800
+197,900
| +43% | +$68.5M |
|
472
Advanced Micro Devices
AMD
$773B
| $155M | 0.03% |
1,508,148
-2,776,105
| -65% | -$309M |
|
473
PUT
Affirm
AFRM
$25.8B
| $155M | 0.03% |
3,424,900
+1,165,800
| +52% | +$69.1M |
|
474
PUT
Biogen
BIIB
$32B
| $155M | 0.03% |
1,130,400
+601,100
| +114% | +$85.9M |
|
|
B
475
PUT
Barrick Mining
B
$78.3B
| $154M | 0.03% |
7,945,100
-676,000
| -8% | -$11.8M |
|
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.