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 | |
|---|---|---|---|---|---|---|
26
PUT
Palantir
PLTR
$432B
| $4B | 0.56% |
29,311,900
+6,715,100
| +30% | +$788M |
|
|
27
PUT
TSMC
TSM
$2.17T
| $3.85B | 0.53% |
16,979,000
-204,200
| -1% | -$37.8M |
|
|
28
CALL
Palantir
PLTR
$432B
| $3.78B | 0.53% |
27,754,300
+2,374,300
| +9% | +$278M |
|
29
CALL
Broadcom
AVGO
$1.75T
| $3.76B | 0.52% |
13,634,000
-2,051,800
| -13% | -$446M |
|
30
CALL
Advanced Micro Devices
AMD
$773B
| $3.75B | 0.52% |
26,394,000
+2,998,200
| +13% | +$326M |
|
31
PUT
Coinbase
COIN
$49.2B
| $3.69B | 0.51% |
10,519,900
+2,132,200
| +25% | +$498M |
|
|
32
CALL
Coinbase
COIN
$49.2B
| $3.55B | 0.49% |
10,126,300
-215,900
| -2% | -$50.5M |
|
33
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $3.45B | 0.48% |
39,116,800
+1,388,400
| +4% | +$121M |
|
|
34
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $3.45B | 0.48% |
15,978,400
-5,429,200
| -25% | -$1.09B |
|
|
35
PUT
Broadcom
AVGO
$1.75T
| $3.45B | 0.48% |
12,500,400
-1,503,500
| -11% | -$326M |
|
|
36
PUT
UnitedHealth
UNH
$350B
| $3.38B | 0.47% |
10,826,200
+8,607,800
| +388% | +$3.29B |
|
|
37
CALL
TSMC
TSM
$2.17T
| $3.36B | 0.47% |
14,855,000
+1,134,100
| +8% | +$210M |
|
|
38
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.19B | 0.44% |
18,100,900
+1,641,600
| +10% | +$269M |
|
39
PUT
Costco
COST
$420B
| $2.85B | 0.4% |
2,874,100
-262,800
| -8% | -$261M |
|
|
40
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.74B | 0.38% |
15,469,800
+4,953,200
| +47% | +$819M |
|
41
CALL
Eli Lilly
LLY
$1.12T
| $2.64B | 0.37% |
3,392,000
+854,200
| +34% | +$664M |
|
42
PUT
SPDR Gold Trust
GLD
$152B
| $2.62B | 0.36% |
8,580,200
+2,174,200
| +34% | +$658M |
|
43
CALL
Booking.com
BKNG
$158B
| $2.56B | 0.36% |
11,037,500
-1,887,500
| -15% | -$387M |
|
|
44
PUT
Booking.com
BKNG
$158B
| $2.54B | 0.35% |
10,962,500
+1,590,000
| +17% | +$326M |
|
|
45
PUT
Advanced Micro Devices
AMD
$773B
| $2.49B | 0.35% |
17,520,500
-1,282,900
| -7% | -$140M |
|
|
46
PUT
Eli Lilly
LLY
$1.12T
| $2.43B | 0.34% |
3,116,700
+573,400
| +23% | +$446M |
|
47
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $2.41B | 0.33% |
29,887,600
+1,730,900
| +6% | +$136M |
|
48
CALL
Alibaba
BABA
$286B
| $2.3B | 0.32% |
20,270,200
-1,705,700
| -8% | -$202M |
|
|
49
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.27B | 0.31% |
25,673,400
+1,746,300
| +7% | +$152M |
|
50
PUT
CrowdStrike
CRWD
$195B
| $2.22B | 0.31% |
17,423,200
+1,636,800
| +10% | +$177M |
|
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.