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 | |
|---|---|---|---|---|---|---|
801
PUT
Nu Holdings
NU
$71.3B
| $91.9M | 0.01% |
6,695,100
+1,748,600
| +35% | +$20.9M |
|
802
CALL
Whirlpool
WHR
$2.62B
| $91.8M | 0.01% |
904,700
+533,700
| +144% | +$44.4M |
|
|
VRNA
803
PUT
DELISTED
Verona Pharma
VRNA
| $91.6M | 0.01% |
968,800
+482,700
| +99% | +$35.7M |
|
804
CALL
American Electric Power
AEP
$66.4B
| $91.3M | 0.01% |
880,100
+375,600
| +74% | +$39.1M |
|
805
Las Vegas Sands
LVS
$30.4B
| $91.2M | 0.01% |
2,096,147
+1,196,681
| +133% | +$46.5M |
|
806
CALL
L3Harris
LHX
$48.9B
| $90.7M | 0.01% |
361,700
+76,300
| +27% | +$17.5M |
|
807
PUT
General Mills
GIS
$21.9B
| $90M | 0.01% |
1,736,900
+654,500
| +60% | +$36.1M |
|
808
PUT
Colgate-Palmolive
CL
$73.8B
| $89.8M | 0.01% |
987,900
-219,200
| -18% | -$20M |
|
809
PUT
Pinterest
PINS
$13.3B
| $89.8M | 0.01% |
2,504,000
-604,900
| -19% | -$18.4M |
|
810
iShares China Large-Cap ETF
FXI
$4.24B
| $89.5M | 0.01% |
2,435,237
-3,574,394
| -59% | -$125M |
|
811
PUT
Live Nation Entertainment
LYV
$43B
| $89.1M | 0.01% |
589,300
-216,600
| -27% | -$29.8M |
|
812
CALL
Jabil
JBL
$31.9B
| $89.1M | 0.01% |
408,700
+234,300
| +134% | +$38M |
|
813
CALL
Hershey
HSY
$38.2B
| $88.9M | 0.01% |
536,000
-326,100
| -38% | -$53.8M |
|
814
PUT
Veeva Systems
VEEV
$40.4B
| $88.8M | 0.01% |
308,500
+130,700
| +74% | +$32.4M |
|
815
CALL
Simon Property Group
SPG
$71.4B
| $88.7M | 0.01% |
551,600
+153,500
| +39% | +$24.3M |
|
816
PUT
Chewy
CHWY
$10B
| $88.6M | 0.01% |
2,079,000
+49,600
| +2% | +$1.98M |
|
817
Honeywell
HON
$68.1B
| $88.6M | 0.01% |
403,680
-22,957
| -5% | -$4.65M |
|
818
CALL
Biogen
BIIB
$32.2B
| $88.6M | 0.01% |
705,300
+142,000
| +25% | +$17.7M |
|
819
CALL
Realty Income
O
$59.8B
| $88.5M | 0.01% |
1,536,800
-92,500
| -6% | -$5.23M |
|
820
CALL
Darden Restaurants
DRI
$25.6B
| $88.4M | 0.01% |
405,600
+109,700
| +37% | +$22.8M |
|
821
PUT
Align Technology
ALGN
$11.3B
| $88.4M | 0.01% |
466,700
-8,900
| -2% | -$1.57M |
|
822
Shopify
SHOP
$193B
| $88M | 0.01% |
762,669
-125,167
| -14% | -$12.5M |
|
823
CALL
Equinix
EQIX
$104B
| $87.7M | 0.01% |
110,200
+14,100
| +15% | +$12M |
|
824
PUT
eBay
EBAY
$47.7B
| $87.5M | 0.01% |
1,175,000
+425,100
| +57% | +$30.1M |
|
825
FedEx
FDX
$79.1B
| $87.4M | 0.01% |
384,357
+311,313
| +426% | +$68.2M |
|
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.