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 | |
|---|---|---|---|---|---|---|
476
CALL
Constellation Brands
STZ
$23.2B
| $154M | 0.03% |
836,900
+529,300
| +172% | +$96.2M |
|
477
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $153M | 0.03% |
316,100
-114,700
| -27% | -$53.5M |
|
478
PUT
Waste Management
WM
$89.6B
| $152M | 0.03% |
657,600
+362,400
| +123% | +$80.3M |
|
479
PUT
Hims & Hers Health
HIMS
$7.88B
| $152M | 0.03% |
5,144,500
+2,456,000
| +91% | +$91.2M |
|
480
PUT
Vale
VALE
$62.1B
| $152M | 0.03% |
15,231,700
-2,043,000
| -12% | -$19.3M |
|
481
PUT
Hershey
HSY
$37.5B
| $151M | 0.03% |
881,700
-294,300
| -25% | -$48.2M |
|
482
CALL
Marathon Digital Holdings
MARA
$4.35B
| $151M | 0.03% |
13,104,200
+661,600
| +5% | +$10.5M |
|
483
GameStop
GME
$8.17B
| $151M | 0.03% |
6,745,609
+3,620,942
| +116% | +$94.8M |
|
484
CALL
Fortinet
FTNT
$113B
| $151M | 0.03% |
1,563,600
-26,200
| -2% | -$2.66M |
|
485
CALL
Rivian
RIVN
$24.6B
| $150M | 0.03% |
12,040,800
-818,900
| -6% | -$10.3M |
|
486
Alphabet (Google) Class C
GOOG
$4.18T
| $149M | 0.03% |
952,589
-1,126,830
| -54% | -$206M |
|
487
Vertiv
VRT
$101B
| $149M | 0.03% |
2,060,428
+991,989
| +93% | +$106M |
|
488
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.18B
| $149M | 0.03% |
3,377,700
+1,351,300
| +67% | +$56.6M |
|
489
CALL
Valero Energy
VLO
$100B
| $148M | 0.03% |
1,122,900
-705,300
| -39% | -$93.6M |
|
490
CALL
United Rentals
URI
$68.4B
| $148M | 0.03% |
236,400
-67,000
| -22% | -$46.1M |
|
491
PUT
Hilton Worldwide
HLT
$73.5B
| $148M | 0.03% |
650,900
+376,900
| +138% | +$93.9M |
|
492
CALL
Kroger
KR
$35.5B
| $148M | 0.03% |
2,179,400
+469,700
| +27% | +$29.8M |
|
|
493
CALL
Hershey
HSY
$37.5B
| $147M | 0.03% |
862,100
-449,900
| -34% | -$73.7M |
|
494
Schwab International Equity ETF
SCHF
$69.7B
| $147M | 0.03% |
7,450,837
+4,997,596
| +204% | +$98M |
|
495
Baidu
BIDU
$31.6B
| $147M | 0.03% |
1,598,532
+1,191,752
| +293% | +$107M |
|
496
CALL
Cencora
COR
$60.7B
| $147M | 0.03% |
528,200
-190,400
| -26% | -$47.8M |
|
497
CVS Health
CVS
$119B
| $146M | 0.02% |
2,150,009
-1,890,558
| -47% | -$113M |
|
498
CALL
Take-Two Interactive
TTWO
$44.8B
| $146M | 0.02% |
702,700
-100,700
| -13% | -$20.1M |
|
499
PUT
RH
RH
$2.9B
| $145M | 0.02% |
620,200
-138,200
| -18% | -$47.8M |
|
500
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
| $145M | 0.02% |
5,461,300
+2,991,300
| +121% | +$79.3M |
|
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.