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 | |
|---|---|---|---|---|---|---|
476
CALL
Celestica
CLS
$37.1B
| $187M | 0.03% |
1,198,700
+511,800
| +75% | +$54.4M |
|
477
CALL
Synopsys
SNPS
$75.7B
| $186M | 0.03% |
362,100
+58,200
| +19% | +$27.1M |
|
478
CALL
United Rentals
URI
$67.5B
| $186M | 0.03% |
246,400
+10,000
| +4% | +$6.69M |
|
479
Dell
DELL
$280B
| $185M | 0.03% |
1,512,112
+666,650
| +79% | +$68.1M |
|
480
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $185M | 0.03% |
2,286,200
+260,700
| +13% | +$21.2M |
|
481
CALL
General Motors
GM
$76.3B
| $185M | 0.03% |
3,757,700
-2,910,700
| -44% | -$138M |
|
482
Marvell Technology
MRVL
$206B
| $184M | 0.03% |
2,375,737
+122,048
| +5% | +$7.62M |
|
483
CALL
Energy Transfer Partners
ET
$72.6B
| $181M | 0.03% |
9,973,700
-320,900
| -3% | -$5.6M |
|
484
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $181M | 0.03% |
405,500
+89,400
| +28% | +$41.2M |
|
|
HES
485
PUT
DELISTED
Hess
HES
| $180M | 0.03% |
1,296,900
+566,800
| +78% | +$76.5M |
|
486
CALL
Danaher
DHR
$151B
| $179M | 0.02% |
908,300
-975,400
| -52% | -$189M |
|
487
CALL
3M
MMM
$92.1B
| $179M | 0.02% |
1,177,600
-1,353,800
| -53% | -$193M |
|
488
CALL
Charter Communications
CHTR
$18B
| $179M | 0.02% |
437,000
+195,300
| +81% | +$74.8M |
|
489
CALL
TJX Companies
TJX
$155B
| $179M | 0.02% |
1,445,900
-1,319,900
| -48% | -$167M |
|
490
PUT
Marriott International
MAR
$93.7B
| $178M | 0.02% |
651,800
+202,200
| +45% | +$50.7M |
|
491
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $177M | 0.02% |
1,201,700
-182,300
| -13% | -$24.9M |
|
492
Salesforce
CRM
$172B
| $177M | 0.02% |
649,541
-504,179
| -44% | -$135M |
|
493
PUT
Burlington
BURL
$20.8B
| $177M | 0.02% |
759,600
+440,600
| +138% | +$105M |
|
494
PUT
Global Payments
GPN
$25B
| $176M | 0.02% |
2,202,400
+1,632,600
| +287% | +$129M |
|
495
CALL
McKesson
MCK
$102B
| $176M | 0.02% |
240,500
+129,000
| +116% | +$91M |
|
496
PUT
Interactive Brokers
IBKR
$42B
| $176M | 0.02% |
3,172,000
+1,206,800
| +61% | +$57.3M |
|
497
PUT
Digital Realty Trust
DLR
$69.5B
| $176M | 0.02% |
1,007,400
+434,400
| +76% | +$71M |
|
498
CALL
Enphase Energy
ENPH
$4.91B
| $175M | 0.02% |
4,423,700
+2,923,600
| +195% | +$135M |
|
499
Zscaler
ZS
$28.5B
| $175M | 0.02% |
558,415
+541,373
| +3,177% | +$135M |
|
500
PUT
Moderna
MRNA
$55.8B
| $174M | 0.02% |
6,309,400
+1,232,900
| +24% | +$32.5M |
|
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.