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 | |
|---|---|---|---|---|---|---|
601
CALL
Las Vegas Sands
LVS
$30.4B
| $136M | 0.02% |
3,115,500
+846,400
| +37% | +$32.9M |
|
602
CALL
WIX.com
WIX
$3.53B
| $135M | 0.02% |
854,600
-331,600
| -28% | -$53.4M |
|
603
CALL
Twilio
TWLO
$34.2B
| $135M | 0.02% |
1,084,300
-241,000
| -18% | -$25.6M |
|
604
CALL
Veeva Systems
VEEV
$40.4B
| $135M | 0.02% |
467,500
+132,300
| +39% | +$32.8M |
|
605
ExxonMobil
XOM
$675B
| $135M | 0.02% |
1,248,408
+671,233
| +116% | +$71.8M |
|
606
Visa
V
$714B
| $134M | 0.02% |
377,373
+97,522
| +35% | +$34M |
|
607
CALL
General Dynamics
GD
$104B
| $134M | 0.02% |
459,000
-185,400
| -29% | -$51M |
|
608
CALL
SAP
SAP
$252B
| $133M | 0.02% |
438,500
+297,600
| +211% | +$85.3M |
|
609
PUT
Cadence Design Systems
CDNS
$87B
| $133M | 0.02% |
431,200
+64,200
| +17% | +$18.7M |
|
610
PUT
Okta
OKTA
$22.8B
| $133M | 0.02% |
1,327,300
+99,000
| +8% | +$10.6M |
|
611
PUT
Elevance Health
ELV
$87.3B
| $132M | 0.02% |
340,400
+51,600
| +18% | +$20.8M |
|
612
PUT
Vanguard Information Technology ETF
VGT
$143B
| $132M | 0.02% |
1,596,000
-27,200
| -2% | -$1.98M |
|
613
PUT
e.l.f. Beauty
ELF
$6.25B
| $132M | 0.02% |
1,062,100
+3,800
| +0.4% | +$324K |
|
614
PUT
Zoom
ZM
$30.7B
| $132M | 0.02% |
1,692,500
+429,200
| +34% | +$33.2M |
|
615
ARK Innovation ETF
ARKK
$6.41B
| $132M | 0.02% |
1,874,705
+105,999
| +6% | +$5.84M |
|
616
CALL
American Tower
AMT
$83.1B
| $132M | 0.02% |
596,000
-141,200
| -19% | -$30.5M |
|
617
CALL
SLB Ltd
SLB
$80.1B
| $132M | 0.02% |
3,896,600
+467,000
| +14% | +$16.2M |
|
618
CALL
Diamondback Energy
FANG
$57.6B
| $131M | 0.02% |
956,400
+588,400
| +160% | +$81.5M |
|
619
PUT
Atlassian
TEAM
$43.4B
| $131M | 0.02% |
645,900
+151,100
| +31% | +$31.5M |
|
620
Walmart Inc
WMT
$847B
| $131M | 0.02% |
1,338,752
+401,469
| +43% | +$38.3M |
|
621
CALL
Dave Inc
DAVE
$4.53B
| $131M | 0.02% |
487,500
+317,300
| +186% | +$50M |
|
622
PUT
Biogen
BIIB
$32.2B
| $130M | 0.02% |
1,034,100
-96,300
| -9% | -$12M |
|
623
PUT
Devon Energy
DVN
$53.1B
| $130M | 0.02% |
4,075,700
-122,900
| -3% | -$3.91M |
|
|
624
CALL
e.l.f. Beauty
ELF
$6.25B
| $130M | 0.02% |
1,041,100
-61,700
| -6% | -$5.27M |
|
625
PUT
Domino's
DPZ
$11.5B
| $129M | 0.02% |
286,500
-147,100
| -34% | -$69.1M |
|
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.