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 | |
|---|---|---|---|---|---|---|
51
CALL
Robinhood
HOOD
$97.2B
| $2.12B | 0.29% |
22,663,300
+4,733,600
| +26% | +$280M |
|
52
PUT
Boeing
BA
$169B
| $2.06B | 0.29% |
9,818,100
+736,800
| +8% | +$139M |
|
53
CALL
CrowdStrike
CRWD
$195B
| $2.02B | 0.28% |
15,881,600
+384,800
| +2% | +$41.7M |
|
|
54
CALL
Boeing
BA
$169B
| $2.01B | 0.28% |
9,583,900
-1,509,700
| -14% | -$285M |
|
55
CALL
Costco
COST
$420B
| $1.98B | 0.28% |
2,004,700
-671,800
| -25% | -$668M |
|
|
56
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.9B | 0.26% |
3,901,200
-707,100
| -15% | -$359M |
|
57
PUT
Goldman Sachs
GS
$303B
| $1.86B | 0.26% |
2,621,700
+114,700
| +5% | +$66.5M |
|
58
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.85B | 0.26% |
43,620,200
+4,000,000
| +10% | +$167M |
|
59
CALL
Carvana
CVNA
$76.9B
| $1.85B | 0.26% |
27,435,000
+10,355,500
| +61% | +$568M |
|
|
60
CALL
Goldman Sachs
GS
$303B
| $1.77B | 0.25% |
2,503,200
+102,900
| +4% | +$59.6M |
|
61
CALL
Applovin
APP
$102B
| $1.73B | 0.24% |
4,932,600
-136,000
| -3% | -$44.1M |
|
62
CALL
JPMorgan Chase
JPM
$935B
| $1.71B | 0.24% |
5,886,400
+463,300
| +9% | +$118M |
|
63
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.68B | 0.23% |
18,995,495
-2,173,326
| -10% | -$189M |
|
64
CALL
Oracle
ORCL
$422B
| $1.67B | 0.23% |
7,623,700
+2,097,900
| +38% | +$339M |
|
65
NVIDIA
NVDA
$5.2T
| $1.65B | 0.23% |
10,450,954
+1,033,776
| +11% | +$130M |
|
66
PUT
Micron Technology
MU
$1.09T
| $1.63B | 0.23% |
13,238,500
-3,291,100
| -20% | -$307M |
|
67
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.61B | 0.22% |
30,676,200
+4,589,000
| +18% | +$227M |
|
68
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.6B | 0.22% |
3,625,100
+809,100
| +29% | +$336M |
|
69
CALL
iShares Bitcoin Trust
IBIT
$57.7B
| $1.57B | 0.22% |
25,586,500
+13,182,600
| +106% | +$739M |
|
|
70
Invesco QQQ Trust
QQQ
$486B
| $1.56B | 0.22% |
2,823,440
-745,210
| -21% | -$371M |
|
71
CALL
Uber
UBER
$161B
| $1.48B | 0.21% |
15,912,700
+1,260,700
| +9% | +$104M |
|
|
72
PUT
JPMorgan Chase
JPM
$935B
| $1.48B | 0.21% |
5,118,400
+180,500
| +4% | +$46.1M |
|
|
73
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.41B | 0.2% |
2,893,400
+556,900
| +24% | +$283M |
|
74
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $1.4B | 0.19% |
5,027,600
+1,085,500
| +28% | +$252M |
|
|
75
CALL
Micron Technology
MU
$1.09T
| $1.39B | 0.19% |
11,287,600
+742,200
| +7% | +$69.3M |
|
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.