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 | |
|---|---|---|---|---|---|---|
501
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $145M | 0.02% |
527,500
+41,700
| +9% | +$12.1M |
|
502
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $145M | 0.02% |
2,095,300
+1,305,800
| +165% | +$98.6M |
|
503
PUT
Moderna
MRNA
$57.9B
| $144M | 0.02% |
5,076,500
-596,100
| -11% | -$21.2M |
|
504
CALL
Progressive
PGR
$127B
| $144M | 0.02% |
508,300
+168,400
| +50% | +$44M |
|
505
PUT
Agnico Eagle Mines
AEM
$109B
| $144M | 0.02% |
1,326,000
+127,500
| +11% | +$12.2M |
|
506
CALL
SLB Ltd
SLB
$79.9B
| $143M | 0.02% |
3,429,600
+890,600
| +35% | +$36.5M |
|
507
PUT
Southwest Airlines
LUV
$19.8B
| $143M | 0.02% |
4,268,400
+693,600
| +19% | +$22M |
|
508
CALL
Cadence Design Systems
CDNS
$87.9B
| $143M | 0.02% |
563,200
+12,100
| +2% | +$3.36M |
|
509
PUT
ARK Innovation ETF
ARKK
$6.59B
| $143M | 0.02% |
3,001,400
-884,100
| -23% | -$50.7M |
|
510
PUT
Energy Transfer Partners
ET
$73B
| $143M | 0.02% |
7,681,300
+3,053,600
| +66% | +$59.5M |
|
|
FISV
511
CALL
Fiserv Inc
FISV
$28B
| $143M | 0.02% |
645,500
+84,400
| +15% | +$18.5M |
|
512
PUT
HCA Healthcare
HCA
$92.9B
| $142M | 0.02% |
411,200
+39,400
| +11% | +$12.7M |
|
513
Pinduoduo
PDD
$126B
| $142M | 0.02% |
1,196,212
+1,058,825
| +771% | +$122M |
|
514
CALL
Automatic Data Processing
ADP
$112B
| $141M | 0.02% |
460,400
-146,200
| -24% | -$44.1M |
|
515
PUT
Futu Holdings
FUTU
$17.3B
| $141M | 0.02% |
1,374,300
+207,300
| +18% | +$21.2M |
|
516
CALL
Devon Energy
DVN
$54B
| $141M | 0.02% |
3,758,500
-859,400
| -19% | -$30.5M |
|
|
517
PUT
Progressive
PGR
$127B
| $140M | 0.02% |
496,300
-267,400
| -35% | -$69.9M |
|
518
CALL
Union Pacific
UNP
$183B
| $140M | 0.02% |
591,700
+700
| +0.1% | +$169K |
|
519
CALL
Estee Lauder
EL
$36.9B
| $139M | 0.02% |
2,105,000
-89,800
| -4% | -$6.5M |
|
520
Marvell Technology
MRVL
$213B
| $139M | 0.02% |
2,253,689
+1,439,765
| +177% | +$140M |
|
521
PUT
Novartis
NVS
$302B
| $139M | 0.02% |
1,244,500
+300,300
| +32% | +$32M |
|
|
522
PUT
SLB Ltd
SLB
$79.9B
| $138M | 0.02% |
3,302,600
+450,300
| +16% | +$18.5M |
|
|
523
CALL
Futu Holdings
FUTU
$17.3B
| $138M | 0.02% |
1,344,800
-66,500
| -5% | -$6.81M |
|
524
PUT
Arista Networks
ANET
$238B
| $137M | 0.02% |
1,774,600
-810,000
| -31% | -$82.1M |
|
525
PUT
Eaton
ETN
$163B
| $137M | 0.02% |
503,800
-178,900
| -26% | -$55.7M |
|
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.