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 | |
|---|---|---|---|---|---|---|
601
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $113M | 0.02% |
219,000
-100,600
| -31% | -$54.4M |
|
602
CALL
Marathon Petroleum
MPC
$101B
| $113M | 0.02% |
772,500
+119,900
| +18% | +$17.7M |
|
603
CALL
AstraZeneca
AZN
$258B
| $112M | 0.02% |
763,250
+213,850
| +39% | +$30.9M |
|
|
DFS
604
PUT
DELISTED
Discover Financial Services
DFS
| $112M | 0.02% |
657,000
+89,700
| +16% | +$16.4M |
|
605
Cameco
CCJ
$44.6B
| $112M | 0.02% |
2,722,762
+2,204,313
| +425% | +$104M |
|
|
EXE
606
CALL
Expand Energy Corp
EXE
$22.3B
| $112M | 0.02% |
1,002,300
-326,300
| -25% | -$33.9M |
|
607
Home Depot
HD
$335B
| $112M | 0.02% |
304,433
-284,775
| -48% | -$111M |
|
608
PUT
Fortinet
FTNT
$112B
| $112M | 0.02% |
1,158,800
-393,800
| -25% | -$39.9M |
|
609
PUT
Roku
ROKU
$23.5B
| $111M | 0.02% |
1,579,900
-851,400
| -35% | -$68.1M |
|
610
CALL
EOG Resources
EOG
$78.6B
| $111M | 0.02% |
867,700
-321,000
| -27% | -$41.3M |
|
611
CALL
Williams Companies
WMB
$87B
| $111M | 0.02% |
1,854,300
+471,100
| +34% | +$27M |
|
612
Mercado Libre
MELI
$98.9B
| $111M | 0.02% |
56,682
+11,870
| +26% | +$23.6M |
|
613
PUT
Vanguard Information Technology ETF
VGT
$143B
| $110M | 0.02% |
1,623,200
+239,200
| +17% | +$18M |
|
614
PUT
Celsius Holdings
CELH
$8.81B
| $110M | 0.02% |
3,087,300
-2,100,600
| -40% | -$57.2M |
|
615
CALL
Kraft Heinz
KHC
$30.5B
| $110M | 0.02% |
3,613,800
+1,291,600
| +56% | +$38.7M |
|
616
CALL
Waste Management
WM
$90.4B
| $109M | 0.02% |
469,900
+71,600
| +18% | +$15.9M |
|
617
CALL
Medtronic
MDT
$119B
| $109M | 0.02% |
1,208,000
+9,100
| +0.8% | +$814K |
|
618
CALL
Atlassian
TEAM
$43.7B
| $108M | 0.02% |
508,000
-422,700
| -45% | -$112M |
|
619
Goldman Sachs
GS
$303B
| $108M | 0.02% |
197,164
-92,480
| -32% | -$55.6M |
|
620
Estee Lauder
EL
$37.5B
| $108M | 0.02% |
1,630,545
+897,445
| +122% | +$64.9M |
|
621
CALL
BridgeBio Pharma
BBIO
$15.9B
| $107M | 0.02% |
3,105,500
-400,100
| -11% | -$13.5M |
|
622
PUT
Marriott International
MAR
$93.6B
| $107M | 0.02% |
449,600
+166,300
| +59% | +$45.2M |
|
623
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.6B
| $107M | 0.02% |
6,703,200
-1,454,700
| -18% | -$36.8M |
|
624
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $106M | 0.02% |
897,800
+597,300
| +199% | +$69.6M |
|
625
Arm
ARM
$255B
| $106M | 0.02% |
992,145
+554,300
| +127% | +$77.3M |
|
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.