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 | |
|---|---|---|---|---|---|---|
726
Welltower
WELL
$173B
| $106M | 0.01% |
689,880
+521,746
| +310% | +$78M |
|
727
CALL
Cardinal Health
CAH
$54B
| $106M | 0.01% |
630,500
-76,700
| -11% | -$11.4M |
|
728
CALL
Illumina
ILMN
$33.7B
| $106M | 0.01% |
1,108,500
+744,000
| +204% | +$60.4M |
|
729
CALL
Flutter Entertainment
FLUT
$17.8B
| $106M | 0.01% |
369,800
-610,300
| -62% | -$150M |
|
730
Johnson & Johnson
JNJ
$658B
| $106M | 0.01% |
691,475
+286,929
| +71% | +$44.1M |
|
731
Kenvue
KVUE
$37.3B
| $105M | 0.01% |
5,039,430
+4,595,854
| +1,036% | +$105M |
|
732
Cisco
CSCO
$434B
| $105M | 0.01% |
1,508,968
+958,103
| +174% | +$58.9M |
|
733
PUT
Marathon Petroleum
MPC
$102B
| $105M | 0.01% |
629,400
+110,700
| +21% | +$16.6M |
|
734
CALL
Tapestry
TPR
$26.4B
| $104M | 0.01% |
1,188,000
-297,800
| -20% | -$22.6M |
|
735
Oracle
ORCL
$410B
| $104M | 0.01% |
474,129
-100,272
| -17% | -$16.2M |
|
736
PUT
2x Bitcoin ETF
BITX
$1.26B
| $104M | 0.01% |
1,917,700
-42,900
| -2% | -$2.06M |
|
737
ASML
ASML
$668B
| $103M | 0.01% |
128,421
-199,030
| -61% | -$143M |
|
738
PUT
Etsy
ETSY
$7.99B
| $103M | 0.01% |
2,051,200
+948,900
| +86% | +$47.2M |
|
739
Dollar General
DG
$27.6B
| $103M | 0.01% |
897,296
+694,905
| +343% | +$69M |
|
740
PUT
Prudential Financial
PRU
$42.3B
| $103M | 0.01% |
955,200
+207,800
| +28% | +$21.5M |
|
741
CALL
NuScale Power
SMR
$3.71B
| $103M | 0.01% |
2,594,100
+1,081,500
| +71% | +$27.1M |
|
742
PUT
BP
BP
$113B
| $103M | 0.01% |
3,425,000
+570,500
| +20% | +$16.7M |
|
743
Cigna
CI
$74.1B
| $102M | 0.01% |
309,939
-222,615
| -42% | -$71.8M |
|
744
CALL
Enterprise Products Partners
EPD
$82.8B
| $102M | 0.01% |
3,302,600
-308,400
| -9% | -$9.61M |
|
|
SWTX
745
CALL
DELISTED
SpringWorks Therapeutics
SWTX
| $102M | 0.01% |
2,173,900
+570,400
| +36% | +$25.4M |
|
746
T-Mobile US
TMUS
$196B
| $101M | 0.01% |
425,837
+69,777
| +20% | +$17M |
|
747
CALL
Southern Company
SO
$104B
| $101M | 0.01% |
1,103,400
+76,800
| +7% | +$6.9M |
|
748
CALL
NXP Semiconductors
NXPI
$56.1B
| $101M | 0.01% |
463,000
+46,300
| +11% | +$9.04M |
|
749
CALL
C3.ai
AI
$1.57B
| $101M | 0.01% |
4,103,000
-1,818,500
| -31% | -$41.6M |
|
750
CALL
Insmed
INSM
$27.1B
| $101M | 0.01% |
1,001,600
+665,600
| +198% | +$50.9M |
|
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.