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 | |
|---|---|---|---|---|---|---|
4751
Vornado Realty Trust
VNO
$7.13B
| $3.33M | ﹤0.01% |
87,160
-34,536
| -28% | -$1.29M |
|
4752
PUT
Altimmune
ALT
$605M
| $3.33M | ﹤0.01% |
859,500
+7,900
| +0.9% | +$42.8K |
|
|
KALV
4753
DELISTED
KalVista Pharmaceuticals
KALV
| $3.33M | ﹤0.01% |
294,198
+242,030
| +464% | +$2.96M |
|
4754
NCR Voyix
VYX
$1.21B
| $3.32M | ﹤0.01% |
283,385
-11,757
| -4% | -$119K |
|
4755
GlobalFoundries
GFS
$24.6B
| $3.32M | ﹤0.01% |
87,001
+71,814
| +473% | +$2.6M |
|
4756
Vanguard Materials ETF
VAW
$3.11B
| $3.32M | ﹤0.01% |
+17,054
| New | +$3.2M |
|
4757
Jefferies Financial Group
JEF
$12.2B
| $3.32M | ﹤0.01% |
60,737
-79,631
| -57% | -$3.94M |
|
4758
Synaptics
SYNA
$3.72B
| $3.32M | ﹤0.01% |
51,195
-93,779
| -65% | -$5.52M |
|
4759
CALL
Stratasys
SSYS
$678M
| $3.32M | ﹤0.01% |
289,300
+74,700
| +35% | +$758K |
|
4760
Vita Coco
COCO
$3.57B
| $3.32M | ﹤0.01% |
91,918
+11,073
| +14% | +$370K |
|
4761
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$358M
| $3.32M | ﹤0.01% |
30,500
-3,900
| -11% | -$408K |
|
4762
CALL
NCR Atleos
NATL
$3.42B
| $3.32M | ﹤0.01% |
116,300
+105,700
| +997% | +$2.85M |
|
4763
Four Corners Property Trust
FCPT
$2.77B
| $3.32M | ﹤0.01% |
123,249
+5,681
| +5% | +$156K |
|
4764
PUT
Waters Corp
WAT
$40.7B
| $3.32M | ﹤0.01% |
9,500
+2,700
| +40% | +$928K |
|
4765
FormFactor
FORM
$7.94B
| $3.31M | ﹤0.01% |
96,286
-24,532
| -20% | -$745K |
|
4766
ProShares Investment Grade-Interest Rate Hedged
IGHG
$343M
| $3.31M | ﹤0.01% |
42,278
+39,593
| +1,475% | +$3.05M |
|
4767
CALL
ITT
ITT
$18.1B
| $3.31M | ﹤0.01% |
21,100
-2,100
| -9% | -$299K |
|
4768
Teledyne Technologies
TDY
$28.8B
| $3.31M | ﹤0.01% |
6,459
-8,027
| -55% | -$3.87M |
|
4769
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $3.31M | ﹤0.01% |
32,564
-30,891
| -49% | -$3.1M |
|
4770
Hyatt Hotels
H
$16.2B
| $3.31M | ﹤0.01% |
23,689
-23,420
| -50% | -$2.92M |
|
4771
Huntington Ingalls Industries
HII
$11.6B
| $3.31M | ﹤0.01% |
13,700
+3,244
| +31% | +$725K |
|
4772
ACV Auctions
ACVA
$1.22B
| $3.31M | ﹤0.01% |
203,854
+26,405
| +15% | +$411K |
|
4773
CALL
Zai Lab
ZLAB
$2.93B
| $3.3M | ﹤0.01% |
94,500
+61,800
| +189% | +$2.03M |
|
4774
Ligand Pharmaceuticals
LGND
$5.59B
| $3.3M | ﹤0.01% |
29,060
+6,295
| +28% | +$673K |
|
4775
PUT
Icon
ICLR
$13.1B
| $3.3M | ﹤0.01% |
22,700
-14,000
| -38% | -$1.99M |
|
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.