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 | |
|---|---|---|---|---|---|---|
576
PUT
Comcast
CMCSA
$95.9B
| $146M | 0.02% |
4,083,700
+1,592,200
| +64% | +$55.1M |
|
577
CALL
Valero Energy
VLO
$99.6B
| $145M | 0.02% |
1,079,300
-43,600
| -4% | -$5.43M |
|
578
Vistra
VST
$45.5B
| $145M | 0.02% |
747,468
-661,929
| -47% | -$97.9M |
|
|
B
579
Barrick Mining
B
$79.3B
| $145M | 0.02% |
6,946,133
+486,914
| +8% | +$9.52M |
|
580
PUT
Lennar Class A
LEN
$21.2B
| $144M | 0.02% |
1,306,300
-166,300
| -11% | -$18M |
|
581
PUT
Cigna
CI
$74.1B
| $143M | 0.02% |
433,800
+70,600
| +19% | +$22.8M |
|
582
CALL
CME Group
CME
$100B
| $143M | 0.02% |
519,300
-174,100
| -25% | -$47.3M |
|
583
CrowdStrike
CRWD
$194B
| $143M | 0.02% |
1,122,540
-5,044
| -0.4% | -$547K |
|
584
PUT
Kroger
KR
$36.2B
| $141M | 0.02% |
1,969,400
+537,100
| +37% | +$37.1M |
|
585
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $141M | 0.02% |
2,927,900
+443,200
| +18% | +$26.1M |
|
586
PUT
Howmet Aerospace
HWM
$105B
| $141M | 0.02% |
755,200
+360,500
| +91% | +$55.5M |
|
587
PUT
Upstart Holdings
UPST
$2.91B
| $141M | 0.02% |
2,172,600
-698,100
| -24% | -$34.2M |
|
588
CALL
Shell
SHEL
$257B
| $140M | 0.02% |
1,993,500
+969,100
| +95% | +$65M |
|
589
PUT
Waste Management
WM
$90.5B
| $140M | 0.02% |
612,400
-45,200
| -7% | -$10.5M |
|
590
First Solar
FSLR
$22.4B
| $139M | 0.02% |
842,285
-112,132
| -12% | -$16.6M |
|
591
PUT
Vale
VALE
$64B
| $139M | 0.02% |
14,356,600
-875,100
| -6% | -$8.24M |
|
|
592
CALL
Upstart Holdings
UPST
$2.91B
| $139M | 0.02% |
2,154,600
-338,400
| -14% | -$16.6M |
|
593
PUT
Fortinet
FTNT
$112B
| $139M | 0.02% |
1,317,500
+158,700
| +14% | +$16M |
|
594
PUT
Linde
LIN
$226B
| $139M | 0.02% |
295,500
+86,300
| +41% | +$39.4M |
|
595
PUT
Abercrombie & Fitch
ANF
$4.99B
| $139M | 0.02% |
1,672,900
-527,500
| -24% | -$40M |
|
596
PUT
Seagate
STX
$180B
| $138M | 0.02% |
957,800
+517,700
| +118% | +$53.6M |
|
|
EA
597
PUT
DELISTED
Electronic Arts
EA
| $137M | 0.02% |
860,100
+247,000
| +40% | +$36.5M |
|
598
CALL
Quanta Services
PWR
$92.7B
| $137M | 0.02% |
363,000
+81,900
| +29% | +$26.3M |
|
599
Occidental Petroleum
OXY
$60.1B
| $137M | 0.02% |
3,250,552
+1,450,668
| +81% | +$60.6M |
|
600
Marriott International
MAR
$93.9B
| $136M | 0.02% |
496,449
+350,343
| +240% | +$87.9M |
|
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.