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 | |
|---|---|---|---|---|---|---|
|
FLG
851
CALL
Flagstar Bank National Association
FLG
$5.57B
| $84.4M | 0.01% |
7,961,100
+625,500
| +9% | +$7.15M |
|
852
Thermo Fisher Scientific
TMO
$232B
| $84.3M | 0.01% |
207,794
+158,673
| +323% | +$66.3M |
|
853
Humana
HUM
$46.4B
| $84.2M | 0.01% |
344,527
-117,944
| -26% | -$29.4M |
|
854
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $83.9M | 0.01% |
772,206
+674,568
| +691% | +$69M |
|
|
EXE
855
PUT
Expand Energy Corp
EXE
$22.3B
| $83.6M | 0.01% |
714,900
-144,400
| -17% | -$16.1M |
|
856
PUT
Kenvue
KVUE
$37.3B
| $83.5M | 0.01% |
3,989,300
+2,697,000
| +209% | +$61.3M |
|
857
CALL
EQT Corp
EQT
$33.6B
| $83.4M | 0.01% |
1,430,500
+137,300
| +11% | +$7.41M |
|
858
Iris Energy
IREN
$14.2B
| $83.4M | 0.01% |
5,723,393
-388,136
| -6% | -$3.15M |
|
859
IBM
IBM
$218B
| $83.3M | 0.01% |
282,715
-10,040
| -3% | -$2.59M |
|
860
CALL
Credo Technology Group
CRDO
$41.5B
| $83.1M | 0.01% |
897,000
+525,800
| +142% | +$30.7M |
|
861
Super Micro Computer
SMCI
$22.8B
| $83M | 0.01% |
1,694,415
-1,191,807
| -41% | -$45.9M |
|
862
Vale
VALE
$64B
| $83M | 0.01% |
8,547,551
-662,093
| -7% | -$6.24M |
|
863
PUT
Southwest Airlines
LUV
$19.9B
| $83M | 0.01% |
2,557,200
-1,711,200
| -40% | -$51.5M |
|
864
Bristol-Myers Squibb
BMY
$137B
| $82.8M | 0.01% |
1,787,982
+1,368,125
| +326% | +$67.2M |
|
865
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$346M
| $82.3M | 0.01% |
948,100
+352,100
| +59% | +$26M |
|
866
CALL
Aflac
AFL
$59.3B
| $82.1M | 0.01% |
778,400
-240,700
| -24% | -$25.3M |
|
867
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $82M | 0.01% |
2,445,100
+321,400
| +15% | +$9.02M |
|
868
CALL
D-Wave Quantum Inc
QBTS
$6.96B
| $81.9M | 0.01% |
5,597,200
+825,800
| +17% | +$9.72M |
|
869
Direxion Daily TSLA Bull 2X ETF
TSLL
$3.63B
| $81.8M | 0.01% |
6,929,338
+4,850,794
| +233% | +$56.2M |
|
870
Upstart Holdings
UPST
$2.91B
| $81.8M | 0.01% |
1,264,982
+277,344
| +28% | +$13.6M |
|
871
PUT
Riot Platforms
RIOT
$7.51B
| $81M | 0.01% |
7,164,000
+1,248,200
| +21% | +$10.6M |
|
872
CALL
Coherent
COHR
$53.9B
| $80.8M | 0.01% |
905,800
+341,200
| +60% | +$24.6M |
|
873
PUT
IonQ
IONQ
$16.6B
| $80.6M | 0.01% |
1,875,100
+384,600
| +26% | +$12.9M |
|
874
CALL
Northern Trust
NTRS
$34.2B
| $80.5M | 0.01% |
635,000
+604,700
| +1,996% | +$61.8M |
|
875
CALL
Amphenol
APH
$192B
| $80.5M | 0.01% |
815,100
+399,100
| +96% | +$32.6M |
|
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.