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 | |
|---|---|---|---|---|---|---|
576
CALL
KKR & Co
KKR
$96.3B
| $120M | 0.02% |
1,040,500
+292,100
| +39% | +$40.2M |
|
577
PUT
Nice
NICE
$5.88B
| $120M | 0.02% |
777,100
+456,200
| +142% | +$73M |
|
578
PUT
Cigna
CI
$74.1B
| $119M | 0.02% |
363,200
-161,500
| -31% | -$48.7M |
|
579
PUT
DraftKings
DKNG
$12.9B
| $119M | 0.02% |
3,589,700
+457,400
| +15% | +$18.8M |
|
580
iShares National Muni Bond ETF
MUB
$45.6B
| $119M | 0.02% |
1,130,272
+976,434
| +635% | +$104M |
|
581
PUT
Rivian
RIVN
$24B
| $119M | 0.02% |
9,551,200
-740,000
| -7% | -$9.31M |
|
582
CALL
XPeng
XPEV
$10.6B
| $119M | 0.02% |
5,729,000
+155,300
| +3% | +$2.8M |
|
583
CALL
Microchip Technology
MCHP
$40.3B
| $118M | 0.02% |
2,437,100
+70,600
| +3% | +$3.93M |
|
|
HES
584
PUT
DELISTED
Hess
HES
| $117M | 0.02% |
730,100
+515,000
| +239% | +$75.7M |
|
585
PUT
Union Pacific
UNP
$184B
| $117M | 0.02% |
493,200
-3,900
| -0.8% | -$939K |
|
586
PUT
Cloudflare
NET
$99.9B
| $116M | 0.02% |
1,031,100
-667,500
| -39% | -$88.5M |
|
587
PUT
3M
MMM
$92.3B
| $116M | 0.02% |
791,100
-591,400
| -43% | -$86.9M |
|
588
PUT
Boston Scientific
BSX
$71B
| $116M | 0.02% |
1,149,400
-720,400
| -39% | -$72.5M |
|
589
CALL
Roku
ROKU
$23.5B
| $116M | 0.02% |
1,641,900
-1,060,100
| -39% | -$84.8M |
|
590
CALL
AST SpaceMobile
ASTS
$18.7B
| $116M | 0.02% |
5,081,700
+902,700
| +22% | +$23.1M |
|
591
CALL
Upstart Holdings
UPST
$2.91B
| $115M | 0.02% |
2,493,000
-868,000
| -26% | -$54M |
|
592
CALL
Crown Castle
CCI
$32.5B
| $115M | 0.02% |
1,099,300
+684,900
| +165% | +$63.9M |
|
593
Target
TGT
$77.2B
| $114M | 0.02% |
1,095,855
+773,370
| +240% | +$96.7M |
|
594
SoFi Technologies
SOFI
$23.5B
| $114M | 0.02% |
9,811,855
+3,651,928
| +59% | +$52.6M |
|
|
TLN
595
Talen Energy Corp
TLN
$14.6B
| $114M | 0.02% |
569,849
+346,929
| +156% | +$75.2M |
|
596
CALL
Aflac
AFL
$59.3B
| $113M | 0.02% |
1,019,100
+35,200
| +4% | +$3.73M |
|
|
TEM
597
CALL
Tempus AI
TEM
$11.9B
| $113M | 0.02% |
2,346,300
+1,895,700
| +421% | +$102M |
|
598
PUT
Colgate-Palmolive
CL
$73.8B
| $113M | 0.02% |
1,207,100
+383,000
| +46% | +$34.3M |
|
599
CALL
Howmet Aerospace
HWM
$105B
| $113M | 0.02% |
871,200
+420,800
| +93% | +$53.4M |
|
600
United Airlines
UAL
$36.9B
| $113M | 0.02% |
1,636,321
+576,807
| +54% | +$54.5M |
|
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.