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 | |
|---|---|---|---|---|---|---|
626
Vertiv
VRT
$98.2B
| $129M | 0.02% |
1,003,064
-1,057,364
| -51% | -$103M |
|
627
CALL
Sherwin-Williams
SHW
$84.2B
| $129M | 0.02% |
375,000
+117,900
| +46% | +$40.8M |
|
628
CALL
CleanSpark
CLSK
$3.06B
| $128M | 0.02% |
11,587,000
+1,641,900
| +17% | +$14.6M |
|
629
PUT
Celsius Holdings
CELH
$8.86B
| $127M | 0.02% |
2,735,600
-351,700
| -11% | -$13.5M |
|
630
CALL
Dow Inc
DOW
$22.7B
| $127M | 0.02% |
4,790,300
+1,847,600
| +63% | +$53.7M |
|
631
CALL
BridgeBio Pharma
BBIO
$15.8B
| $127M | 0.02% |
2,937,100
-168,400
| -5% | -$6.12M |
|
632
Texas Instruments
TXN
$236B
| $127M | 0.02% |
610,741
+154,373
| +34% | +$27.4M |
|
633
PUT
SLB Ltd
SLB
$80.1B
| $127M | 0.02% |
3,745,700
+443,100
| +13% | +$15.4M |
|
634
CALL
Stryker
SYK
$126B
| $126M | 0.02% |
318,600
+85,900
| +37% | +$32.1M |
|
635
PUT
Novartis
NVS
$300B
| $126M | 0.02% |
1,041,300
-203,200
| -16% | -$22.9M |
|
636
CALL
Linde
LIN
$226B
| $125M | 0.02% |
267,400
-181,100
| -40% | -$82.7M |
|
|
CRCL
637
Circle Internet Group
CRCL
$22.3B
| $125M | 0.02% |
+690,038
| New | +$112M |
|
638
CALL
CF Industries
CF
$19.6B
| $125M | 0.02% |
1,359,400
+751,100
| +123% | +$64M |
|
639
PUT
Duolingo
DUOL
$6.87B
| $125M | 0.02% |
304,000
+205,700
| +209% | +$90.3M |
|
640
CALL
Interactive Brokers
IBKR
$42.2B
| $124M | 0.02% |
2,246,100
-63,900
| -3% | -$3.03M |
|
641
CALL
Estee Lauder
EL
$37.7B
| $124M | 0.02% |
1,540,300
-564,700
| -27% | -$36.3M |
|
642
CALL
O'Reilly Automotive
ORLY
$73.4B
| $124M | 0.02% |
1,380,600
-782,400
| -36% | -$71.3M |
|
643
PUT
EOG Resources
EOG
$78.8B
| $124M | 0.02% |
1,038,500
+673,700
| +185% | +$77M |
|
644
PUT
Equinix
EQIX
$104B
| $124M | 0.02% |
156,100
+64,400
| +70% | +$54.6M |
|
645
PUT
Chubb
CB
$133B
| $124M | 0.02% |
428,300
+113,000
| +36% | +$32.5M |
|
646
CALL
Howmet Aerospace
HWM
$105B
| $124M | 0.02% |
665,800
-205,400
| -24% | -$31.6M |
|
647
CALL
Kinder Morgan
KMI
$69B
| $124M | 0.02% |
4,205,900
+650,100
| +18% | +$17.8M |
|
648
CALL
Deckers Outdoor
DECK
$12.5B
| $123M | 0.02% |
1,196,900
-27,800
| -2% | -$3.08M |
|
649
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $123M | 0.02% |
1,246,300
+268,000
| +27% | +$25.5M |
|
|
650
Estee Lauder
EL
$37.7B
| $123M | 0.02% |
1,517,727
-112,818
| -7% | -$7.26M |
|
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.