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 | |
|---|---|---|---|---|---|---|
51
PUT
Booking.com
BKNG
$158B
| $1.73B | 0.29% |
9,372,500
-5,097,500
| -35% | -$975M |
|
52
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $1.73B | 0.29% |
3,071,500
+2,374,000
| +340% | +$1.4B |
|
53
CALL
UnitedHealth
UNH
$350B
| $1.68B | 0.29% |
3,202,500
+367,900
| +13% | +$188M |
|
|
54
Invesco QQQ Trust
QQQ
$486B
| $1.67B | 0.29% |
3,568,650
-2,465,172
| -41% | -$1.25B |
|
55
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.64B | 0.28% |
10,516,600
-2,725,900
| -21% | -$499M |
|
56
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.61B | 0.27% |
36,818,600
+6,412,200
| +21% | +$279M |
|
57
PUT
Alibaba
BABA
$286B
| $1.58B | 0.27% |
11,923,000
+3,460,300
| +41% | +$399M |
|
58
PUT
Boeing
BA
$169B
| $1.55B | 0.26% |
9,081,300
-3,930,500
| -30% | -$680M |
|
59
PUT
Coinbase
COIN
$49.2B
| $1.44B | 0.25% |
8,387,700
+3,300
| +0% | +$799K |
|
60
PUT
Micron Technology
MU
$1.09T
| $1.44B | 0.25% |
16,529,600
+6,333,300
| +62% | +$608M |
|
61
PUT
CrowdStrike
CRWD
$195B
| $1.39B | 0.24% |
15,786,400
-3,172,400
| -17% | -$302M |
|
62
iShares Russell 2000 ETF
IWM
$81.9B
| $1.38B | 0.24% |
6,939,072
-633,790
| -8% | -$137M |
|
63
PUT
Goldman Sachs
GS
$303B
| $1.37B | 0.23% |
2,507,000
-146,700
| -6% | -$88.3M |
|
|
64
CALL
CrowdStrike
CRWD
$195B
| $1.37B | 0.23% |
15,496,800
-406,400
| -3% | -$38.7M |
|
65
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $1.36B | 0.23% |
6,446,000
+2,919,800
| +83% | +$700M |
|
66
CALL
Applovin
APP
$102B
| $1.34B | 0.23% |
5,068,600
+774,400
| +18% | +$267M |
|
67
CALL
JPMorgan Chase
JPM
$935B
| $1.33B | 0.23% |
5,423,100
-958,600
| -15% | -$244M |
|
|
68
CALL
Goldman Sachs
GS
$303B
| $1.31B | 0.22% |
2,400,300
+612,700
| +34% | +$369M |
|
69
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.3B | 0.22% |
26,087,200
-11,573,600
| -31% | -$581M |
|
70
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $1.29B | 0.22% |
9,848,400
+6,246,800
| +173% | +$844M |
|
71
CALL
ExxonMobil
XOM
$679B
| $1.26B | 0.22% |
10,595,900
+1,092,900
| +12% | +$121M |
|
|
72
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.24B | 0.21% |
2,336,500
-1,055,500
| -31% | -$513M |
|
|
73
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.24B | 0.21% |
7,947,900
-1,505,500
| -16% | -$276M |
|
|
74
PUT
Applovin
APP
$102B
| $1.22B | 0.21% |
4,611,400
+2,707,100
| +142% | +$933M |
|
75
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.21B | 0.21% |
14,847,400
+688,100
| +5% | +$55.5M |
|
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.