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 | |
|---|---|---|---|---|---|---|
876
CALL
Emerson Electric
EMR
$87.9B
| $65M | 0.01% |
592,600
-166,600
| -22% | -$20.1M |
|
877
CALL
Albemarle
ALB
$16.7B
| $64.9M | 0.01% |
901,100
-563,100
| -38% | -$45.8M |
|
878
PUT
iShares MSCI Japan ETF
EWJ
$22.4B
| $64.8M | 0.01% |
944,900
-3,100
| -0.3% | -$213K |
|
|
K
879
CALL
DELISTED
Kellanova
K
| $64.7M | 0.01% |
784,900
+132,700
| +20% | +$10.9M |
|
880
PUT
Marathon Digital Holdings
MARA
$4.32B
| $64.7M | 0.01% |
5,629,600
-3,895,100
| -41% | -$62M |
|
881
PUT
Sherwin-Williams
SHW
$84.2B
| $64.7M | 0.01% |
185,400
+24,800
| +15% | +$8.7M |
|
882
PUT
General Mills
GIS
$21.9B
| $64.7M | 0.01% |
1,082,400
+224,600
| +26% | +$13.5M |
|
883
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $64.4M | 0.01% |
342,400
-427,100
| -56% | -$91.2M |
|
884
CALL
Cboe Global Markets
CBOE
$32.2B
| $64.3M | 0.01% |
284,300
-162,800
| -36% | -$33.8M |
|
885
CALL
The GEO Group
GEO
$4.24B
| $64.2M | 0.01% |
2,197,200
+80,100
| +4% | +$2.3M |
|
886
PUT
Microchip Technology
MCHP
$40.3B
| $64.1M | 0.01% |
1,324,000
-305,700
| -19% | -$17M |
|
887
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
| $64.1M | 0.01% |
1,187,323
+1,172,913
| +8,140% | +$63.1M |
|
888
PUT
Cleveland-Cliffs
CLF
$6.45B
| $64M | 0.01% |
7,784,300
+2,607,800
| +50% | +$26.5M |
|
889
PUT
C3.ai
AI
$1.57B
| $63.9M | 0.01% |
3,038,000
-93,500
| -3% | -$2.65M |
|
|
DFS
890
CALL
DELISTED
Discover Financial Services
DFS
| $63.9M | 0.01% |
374,400
-351,000
| -48% | -$64.2M |
|
891
PUT
On Holding
ONON
$9.86B
| $63.8M | 0.01% |
1,452,300
-1,988,600
| -58% | -$105M |
|
892
CALL
2x Bitcoin ETF
BITX
$1.26B
| $63.8M | 0.01% |
1,797,400
-1,911,000
| -52% | -$94M |
|
893
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $63.7M | 0.01% |
332,540
+33,420
| +11% | +$5.28M |
|
894
CALL
Dick's Sporting Goods
DKS
$16.1B
| $63.6M | 0.01% |
315,300
-154,800
| -33% | -$34.6M |
|
895
Intuit
INTU
$101B
| $63.5M | 0.01% |
103,395
-106,449
| -51% | -$63.9M |
|
896
PUT
US Bancorp
USB
$97.3B
| $63.4M | 0.01% |
1,501,800
-696,900
| -32% | -$32.2M |
|
897
CALL
HubSpot
HUBS
$12.2B
| $63.4M | 0.01% |
110,900
-59,900
| -35% | -$42M |
|
898
PUT
TKO Group
TKO
$14.1B
| $63.1M | 0.01% |
413,100
-2,436,400
| -86% | -$372M |
|
899
PUT
SharkNinja
SN
$25.8B
| $63.1M | 0.01% |
756,100
+574,900
| +317% | +$58.5M |
|
900
Booking.com
BKNG
$160B
| $63M | 0.01% |
341,975
-333,275
| -49% | -$63.7M |
|
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.