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 | |
|---|---|---|---|---|---|---|
526
CALL
Deckers Outdoor
DECK
$12.4B
| $137M | 0.02% |
1,224,700
+767,100
| +168% | +$124M |
|
527
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $137M | 0.02% |
5,149,406
-2,120,843
| -29% | -$56.2M |
|
528
CALL
Hims & Hers Health
HIMS
$7.19B
| $136M | 0.02% |
4,588,100
+1,207,800
| +36% | +$44.9M |
|
529
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $135M | 0.02% |
1,032,483
+964,060
| +1,409% | +$130M |
|
530
CALL
Chubb
CB
$133B
| $135M | 0.02% |
447,700
+6,900
| +2% | +$1.92M |
|
531
PUT
Petrobras
PBR
$120B
| $135M | 0.02% |
9,382,800
+1,509,000
| +19% | +$20.8M |
|
532
Newmont
NEM
$138B
| $134M | 0.02% |
2,783,120
+167,577
| +6% | +$7.36M |
|
533
PUT
Albemarle
ALB
$16.6B
| $134M | 0.02% |
1,854,000
-731,900
| -28% | -$59.6M |
|
534
PUT
Rio Tinto
RIO
$170B
| $133M | 0.02% |
2,221,300
+568,500
| +34% | +$35M |
|
535
PUT
Upstart Holdings
UPST
$2.89B
| $132M | 0.02% |
2,870,700
-913,400
| -24% | -$56.8M |
|
536
CALL
FTAI Aviation
FTAI
$20.6B
| $132M | 0.02% |
1,187,400
+576,400
| +94% | +$68.1M |
|
537
Adobe
ADBE
$110B
| $131M | 0.02% |
341,166
-287,210
| -46% | -$123M |
|
538
CALL
Synopsys
SNPS
$75B
| $130M | 0.02% |
303,900
-75,700
| -20% | -$36.8M |
|
539
CALL
Twilio
TWLO
$34.1B
| $130M | 0.02% |
1,325,300
-497,500
| -27% | -$59M |
|
540
CALL
Nutanix
NTNX
$18.1B
| $130M | 0.02% |
1,858,200
+242,700
| +15% | +$16.8M |
|
541
PUT
McKesson
MCK
$101B
| $130M | 0.02% |
192,700
-102,300
| -35% | -$63.2M |
|
542
CALL
Workday
WDAY
$49.4B
| $129M | 0.02% |
553,700
-512,500
| -48% | -$131M |
|
543
PUT
Okta
OKTA
$22.6B
| $129M | 0.02% |
1,228,300
+77,300
| +7% | +$7.55M |
|
544
CALL
Moderna
MRNA
$55.2B
| $129M | 0.02% |
4,557,400
-1,690,800
| -27% | -$60M |
|
545
Applied Materials
AMAT
$385B
| $129M | 0.02% |
888,693
+273,846
| +45% | +$46M |
|
546
PUT
TJX Companies
TJX
$154B
| $129M | 0.02% |
1,058,000
-445,500
| -30% | -$54.1M |
|
547
PUT
GameStop
GME
$8.05B
| $128M | 0.02% |
5,755,000
+2,657,900
| +86% | +$69.6M |
|
548
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $128M | 0.02% |
2,484,700
-1,170,400
| -32% | -$54.2M |
|
549
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$270M
| $128M | 0.02% |
2,203,141
+2,187,371
| +13,870% | +$139M |
|
550
CALL
Elevance Health
ELV
$87.4B
| $127M | 0.02% |
292,000
-5,300
| -2% | -$2.13M |
|
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.