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 | |
|---|---|---|---|---|---|---|
4726
CALL
SM Energy
SM
$8.71B
| $3.38M | ﹤0.01% |
136,800
+14,000
| +11% | +$339K |
|
4727
Fulgent Genetics
FLGT
$540M
| $3.38M | ﹤0.01% |
169,965
+108,227
| +175% | +$2.11M |
|
4728
LegalZoom.com
LZ
$1.05B
| $3.38M | ﹤0.01% |
378,795
-6,512
| -2% | -$54.6K |
|
4729
Reinsurance Group of America
RGA
$16B
| $3.37M | ﹤0.01% |
16,995
-12,586
| -43% | -$2.46M |
|
4730
PUT
FS KKR Capital
FSK
$3.39B
| $3.37M | ﹤0.01% |
162,400
-81,600
| -33% | -$1.66M |
|
4731
PENN Entertainment
PENN
$2.33B
| $3.37M | ﹤0.01% |
188,511
-281,880
| -60% | -$4.42M |
|
4732
Equitable Holdings
EQH
$13.7B
| $3.37M | ﹤0.01% |
60,044
-32,103
| -35% | -$1.65M |
|
4733
PUT
W.R. Berkley
WRB
$25.4B
| $3.36M | ﹤0.01% |
45,800
-2,600
| -5% | -$186K |
|
4734
CALL
Verisk Analytics
VRSK
$25B
| $3.36M | ﹤0.01% |
10,800
-30,900
| -74% | -$9.37M |
|
4735
PAR Technology
PAR
$792M
| $3.36M | ﹤0.01% |
48,431
+5,463
| +13% | +$341K |
|
4736
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $3.36M | ﹤0.01% |
48,000
+23,600
| +97% | +$1.55M |
|
4737
Garrett Motion
GTX
$4.97B
| $3.35M | ﹤0.01% |
319,159
+61,157
| +24% | +$616K |
|
4738
CALL
Worthington Enterprises
WOR
$2.8B
| $3.35M | ﹤0.01% |
52,700
+39,300
| +293% | +$2.18M |
|
4739
CALL
Churchill Downs
CHDN
$6.27B
| $3.35M | ﹤0.01% |
33,200
+25,000
| +305% | +$2.45M |
|
4740
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.14B
| $3.35M | ﹤0.01% |
124,800
-69,000
| -36% | -$1.79M |
|
4741
ProShares Ultra QQQ
QLD
$14B
| $3.35M | ﹤0.01% |
56,938
-81,138
| -59% | -$3.94M |
|
4742
PUT
A2Z Smart Technologies
AZ
$280M
| $3.35M | ﹤0.01% |
316,600
+275,300
| +667% | +$2.36M |
|
|
CVSA
4743
CALL
Covista Inc
CVSA
$4.58B
| $3.35M | ﹤0.01% |
26,300
-8,600
| -25% | -$1.02M |
|
4744
PUT
Lattice Semiconductor
LSCC
$16.2B
| $3.35M | ﹤0.01% |
68,300
-18,200
| -21% | -$871K |
|
4745
PUT
Kodak
KODK
$885M
| $3.34M | ﹤0.01% |
591,800
-1,034,600
| -64% | -$6.22M |
|
4746
Hawkins
HWKN
$2.51B
| $3.34M | ﹤0.01% |
23,513
-5,167
| -18% | -$650K |
|
4747
ProShares VIX Short-Term Futures ETF
VIXY
$216M
| $3.34M | ﹤0.01% |
71,261
-36,450
| -34% | -$2.1M |
|
4748
PUT
PTC Therapeutics
PTCT
$5.85B
| $3.34M | ﹤0.01% |
68,300
-43,900
| -39% | -$2.08M |
|
4749
PUT
VanEck High Yield Muni ETF
HYD
$4.33B
| $3.33M | ﹤0.01% |
66,400
-68,900
| -51% | -$3.44M |
|
4750
PUT
Aaon
AAON
$6.26B
| $3.33M | ﹤0.01% |
45,200
+28,700
| +174% | +$2.52M |
|
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.