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 | |
|---|---|---|---|---|---|---|
551
iShares MSCI Brazil ETF
EWZ
$8.07B
| $152M | 0.02% |
5,280,876
+1,580,402
| +43% | +$42.6M |
|
552
PUT
Danaher
DHR
$151B
| $152M | 0.02% |
770,800
-36,600
| -5% | -$7.1M |
|
553
CALL
Fortinet
FTNT
$112B
| $152M | 0.02% |
1,440,000
-123,600
| -8% | -$12.5M |
|
|
NVO
554
CALL
Novo Nordisk
NVO
$207B
| $152M | 0.02% |
2,205,400
+872,000
| +65% | +$59.3M |
|
555
GE Vernova
GEV
$251B
| $152M | 0.02% |
286,430
+12,795
| +5% | +$5.33M |
|
556
PUT
TJX Companies
TJX
$155B
| $151M | 0.02% |
1,225,800
+167,800
| +16% | +$21.3M |
|
557
Merck
MRK
$372B
| $150M | 0.02% |
1,899,857
+1,398,401
| +279% | +$111M |
|
558
Kimberly-Clark
KMB
$37B
| $150M | 0.02% |
1,164,828
+1,133,576
| +3,627% | +$154M |
|
559
PUT
Cheniere Energy
LNG
$58B
| $149M | 0.02% |
613,800
+273,400
| +80% | +$63.3M |
|
560
PUT
Hershey
HSY
$38.2B
| $149M | 0.02% |
899,200
+17,500
| +2% | +$2.88M |
|
561
CALL
Moderna
MRNA
$55.4B
| $149M | 0.02% |
5,406,700
+849,300
| +19% | +$22.4M |
|
562
PUT
Automatic Data Processing
ADP
$112B
| $149M | 0.02% |
482,800
+232,800
| +93% | +$71.5M |
|
563
Target
TGT
$77.2B
| $149M | 0.02% |
1,508,508
+412,653
| +38% | +$39.6M |
|
564
PUT
CME Group
CME
$100B
| $149M | 0.02% |
539,400
+208,200
| +63% | +$56.6M |
|
565
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $148M | 0.02% |
3,376,400
-6,354,600
| -65% | -$269M |
|
|
NBIS
566
PUT
Nebius Group N.V.
NBIS
$57.3B
| $148M | 0.02% |
2,678,800
+99,800
| +4% | +$3.44M |
|
|
OKLO
567
PUT
Oklo
OKLO
$7.38B
| $148M | 0.02% |
2,637,200
+1,443,200
| +121% | +$55.7M |
|
568
PUT
FTAI Aviation
FTAI
$20.4B
| $147M | 0.02% |
1,281,600
+385,200
| +43% | +$43.1M |
|
569
PUT
CAVA Group
CAVA
$8.4B
| $147M | 0.02% |
1,750,000
+993,900
| +131% | +$84.8M |
|
570
CVS Health
CVS
$120B
| $147M | 0.02% |
2,133,119
-16,890
| -0.8% | -$1.11M |
|
571
Home Depot
HD
$336B
| $147M | 0.02% |
401,230
+96,797
| +32% | +$35M |
|
572
PUT
Rio Tinto
RIO
$170B
| $147M | 0.02% |
2,515,600
+294,300
| +13% | +$17.4M |
|
573
PUT
Antero Resources
AR
$11.7B
| $147M | 0.02% |
3,641,500
+2,622,300
| +257% | +$99.3M |
|
574
PUT
RH
RH
$2.71B
| $146M | 0.02% |
774,800
+154,600
| +25% | +$28.7M |
|
575
CALL
Dollar General
DG
$27.6B
| $146M | 0.02% |
1,275,400
-889,500
| -41% | -$88.3M |
|
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.