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 | |
|---|---|---|---|---|---|---|
451
PUT
Williams Companies
WMB
$86.6B
| $200M | 0.03% |
3,184,700
+1,106,800
| +53% | +$65.3M |
|
452
Uber
UBER
$161B
| $200M | 0.03% |
2,138,829
+917,924
| +75% | +$75.6M |
|
453
PUT
Union Pacific
UNP
$183B
| $198M | 0.03% |
859,800
+366,600
| +74% | +$81.4M |
|
454
PUT
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $197M | 0.03% |
5,732,500
-3,365,200
| -37% | -$111M |
|
455
CALL
Altria Group
MO
$114B
| $197M | 0.03% |
3,355,800
-1,995,500
| -37% | -$117M |
|
456
PUT
Lowe's Companies
LOW
$122B
| $195M | 0.03% |
879,500
-53,700
| -6% | -$12M |
|
|
457
TSMC
TSM
$2.12T
| $194M | 0.03% |
857,729
-2,330,755
| -73% | -$432M |
|
458
CALL
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.64B
| $194M | 0.03% |
16,396,400
+6,205,300
| +61% | +$71.9M |
|
459
PUT
iShares US Real Estate ETF
IYR
$4.66B
| $193M | 0.03% |
2,036,800
+1,469,600
| +259% | +$137M |
|
460
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$673M
| $193M | 0.03% |
4,709,900
+2,252,200
| +92% | +$80.7M |
|
|
461
PUT
Altria Group
MO
$114B
| $193M | 0.03% |
3,289,000
+18,100
| +0.6% | +$1.06M |
|
462
PUT
S&P Global
SPGI
$128B
| $192M | 0.03% |
364,900
+39,300
| +12% | +$19.6M |
|
463
CALL
Wynn Resorts
WYNN
$10.2B
| $192M | 0.03% |
2,052,800
+150,100
| +8% | +$12.7M |
|
464
Qualcomm
QCOM
$167B
| $192M | 0.03% |
1,204,755
+148,890
| +14% | +$21.9M |
|
465
CALL
Analog Devices
ADI
$181B
| $191M | 0.03% |
803,500
-330,200
| -29% | -$68.8M |
|
466
PUT
McKesson
MCK
$102B
| $191M | 0.03% |
260,500
+67,800
| +35% | +$47.8M |
|
467
PUT
ConocoPhillips
COP
$160B
| $190M | 0.03% |
2,115,700
+53,100
| +3% | +$4.78M |
|
468
CALL
Etsy
ETSY
$7.88B
| $190M | 0.03% |
3,781,400
+2,175,800
| +136% | +$108M |
|
469
PUT
iShares MSCI Brazil ETF
EWZ
$8.07B
| $189M | 0.03% |
6,557,000
-3,422,300
| -34% | -$92.4M |
|
470
CALL
Cheniere Energy
LNG
$57.8B
| $189M | 0.03% |
775,300
+63,100
| +9% | +$14.6M |
|
471
CALL
Dick's Sporting Goods
DKS
$16B
| $189M | 0.03% |
953,600
+638,300
| +202% | +$118M |
|
472
CALL
Ulta Beauty
ULTA
$23.2B
| $188M | 0.03% |
402,800
-525,500
| -57% | -$217M |
|
473
CALL
Astera Labs
ALAB
$48.1B
| $188M | 0.03% |
2,080,700
+658,700
| +46% | +$52M |
|
474
CALL
Nucor
NUE
$55.4B
| $187M | 0.03% |
1,446,900
-59,100
| -4% | -$6.91M |
|
475
PUT
Abbott
ABT
$201B
| $187M | 0.03% |
1,376,100
-58,300
| -4% | -$7.69M |
|
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.