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 | |
|---|---|---|---|---|---|---|
26
CALL
Alibaba
BABA
$286B
| $2.91B | 0.5% |
21,975,900
+1,217,300
| +6% | +$140M |
|
|
27
PUT
TSMC
TSM
$2.17T
| $2.85B | 0.49% |
17,183,200
+4,614,100
| +37% | +$897M |
|
28
CALL
Broadcom
AVGO
$1.75T
| $2.63B | 0.45% |
15,685,800
-2,891,300
| -16% | -$612M |
|
29
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.55B | 0.43% |
16,459,300
-477,300
| -3% | -$86.6M |
|
30
CALL
Costco
COST
$420B
| $2.53B | 0.43% |
2,676,500
-76,100
| -3% | -$74.2M |
|
31
CALL
SPDR Gold Trust
GLD
$152B
| $2.52B | 0.43% |
8,759,600
+580,700
| +7% | +$154M |
|
32
CALL
Strategy Inc
MSTR
$47.4B
| $2.47B | 0.42% |
8,576,800
-1,970,800
| -19% | -$626M |
|
|
33
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $2.45B | 0.42% |
4,608,300
-952,100
| -17% | -$463M |
|
34
CALL
Advanced Micro Devices
AMD
$773B
| $2.4B | 0.41% |
23,395,800
-1,524,400
| -6% | -$170M |
|
35
CALL
Booking.com
BKNG
$158B
| $2.38B | 0.41% |
12,925,000
-4,772,500
| -27% | -$913M |
|
|
36
PUT
Broadcom
AVGO
$1.75T
| $2.34B | 0.4% |
14,003,900
-4,489,000
| -24% | -$950M |
|
|
37
CALL
TSMC
TSM
$2.17T
| $2.28B | 0.39% |
13,720,900
-2,460,700
| -15% | -$478M |
|
38
PUT
Walmart Inc
WMT
$825B
| $2.23B | 0.38% |
25,347,100
-6,910,600
| -21% | -$648M |
|
39
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $2.22B | 0.38% |
28,156,700
+2,363,200
| +9% | +$188M |
|
|
40
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.18B | 0.37% |
23,927,100
-26,564,900
| -53% | -$2.36B |
|
41
CALL
Palantir
PLTR
$432B
| $2.14B | 0.37% |
25,380,000
-4,612,800
| -15% | -$405M |
|
42
PUT
Eli Lilly
LLY
$1.12T
| $2.1B | 0.36% |
2,543,300
+67,800
| +3% | +$56.4M |
|
|
43
CALL
Eli Lilly
LLY
$1.12T
| $2.1B | 0.36% |
2,537,800
+171,600
| +7% | +$143M |
|
|
44
PUT
Advanced Micro Devices
AMD
$773B
| $1.93B | 0.33% |
18,803,400
-3,131,700
| -14% | -$348M |
|
|
45
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.93B | 0.33% |
21,168,821
+18,067,184
| +583% | +$1.61B |
|
|
46
PUT
Palantir
PLTR
$432B
| $1.91B | 0.33% |
22,596,800
-4,535,700
| -17% | -$398M |
|
47
CALL
Boeing
BA
$169B
| $1.89B | 0.32% |
11,093,600
-3,997,000
| -26% | -$692M |
|
48
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.85B | 0.32% |
39,620,200
+11,857,800
| +43% | +$535M |
|
|
49
PUT
SPDR Gold Trust
GLD
$152B
| $1.85B | 0.32% |
6,406,000
+2,109,200
| +49% | +$558M |
|
50
CALL
Coinbase
COIN
$49.2B
| $1.78B | 0.3% |
10,342,200
+1,157,300
| +13% | +$280M |
|
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.