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 | Miscellaneous | 93.94% |
| 2 | Technology | 1.79% |
| 3 | Consumer Discretionary | 0.82% |
| 4 | Financials | 0.79% |
| 5 | Healthcare | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
8976
Invesco Pharmaceuticals ETF
PJP
$522M
| $545K | ﹤0.01% |
6,825
-3,686
| -35% | -$294K |
|
8977
CALL
Crexendo
CXDO
$209M
| $545K | ﹤0.01% |
89,800
+22,100
| +33% | +$115K |
|
8978
CALL
Prospect Capital
PSEC
$1.15B
| $545K | ﹤0.01% |
171,400
-166,300
| -49% | -$578K |
|
8979
Federated Hermes
FHI
$4.81B
| $545K | ﹤0.01% |
+12,294
| New | +$506K |
|
8980
Grupo Aeroportuario Centro Norte
OMAB
$4.86B
| $545K | ﹤0.01% |
5,164
+442
| +9% | +$41.5K |
|
|
MTLS
8981
PUT
Materialise
MTLS
$406M
| $545K | ﹤0.01% |
96,400
-194,500
| -67% | -$1M |
|
8982
PUT
Innoviva
INVA
$1.51B
| $544K | ﹤0.01% |
+27,100
| New | +$521K |
|
|
DCH
8983
CALL
Dauch Corp
DCH
$1.5B
| $544K | ﹤0.01% |
133,400
+50,100
| +60% | +$202K |
|
|
NFJ
8984
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.45B
| $544K | ﹤0.01% |
43,890
+4,613
| +12% | +$54.5K |
|
8985
Fossil Group
FOSL
$316M
| $544K | ﹤0.01% |
367,634
-15,211
| -4% | -$19.2K |
|
8986
PUT
Invesco Global Listed Private Equity ETF
PSP
$248M
| $544K | ﹤0.01% |
+7,900
| New | +$511K |
|
8987
CALL
Personalis
PSNL
$1.82B
| $544K | ﹤0.01% |
82,900
+66,800
| +415% | +$310K |
|
8988
Innovator US Equity Ultra Buffer ETF June
UJUN
$190M
| $544K | ﹤0.01% |
15,266
-25,957
| -63% | -$877K |
|
8989
Avantis International Large Cap Value ETF
AVIV
$2.11B
| $544K | ﹤0.01% |
+8,734
| New | +$518K |
|
8990
CALL
Telos
TLS
$358M
| $543K | ﹤0.01% |
171,400
+109,600
| +177% | +$285K |
|
8991
PUT
Insteel Industries
IIIN
$590M
| $543K | ﹤0.01% |
+14,600
| New | +$487K |
|
8992
CALL
Kilroy Realty
KRC
$4.21B
| $542K | ﹤0.01% |
15,800
-46,300
| -75% | -$1.51M |
|
8993
PUT
Grupo Aeroportuario del Sureste
ASR
$7.73B
| $542K | ﹤0.01% |
1,700
| – | – |
|
8994
Teekay
TK
$1.14B
| $542K | ﹤0.01% |
65,694
-131,624
| -67% | -$1.02M |
|
8995
CALL
Suburban Propane Partners
SPH
$1.18B
| $541K | ﹤0.01% |
29,200
-7,700
| -21% | -$150K |
|
8996
PUT
Aemetis
AMTX
$134M
| $541K | ﹤0.01% |
218,100
+57,600
| +36% | +$97.4K |
|
8997
CALL
Brookfield Infrastructure
BIPC
$4.75B
| $541K | ﹤0.01% |
13,000
-12,900
| -50% | -$497K |
|
8998
WEX
WEX
$6.72B
| $541K | ﹤0.01% |
3,680
-880
| -19% | -$118K |
|
8999
PUT
Compass
COMP
$8.42B
| $540K | ﹤0.01% |
86,000
-1,200
| -1% | -$8.22K |
|
9000
PUT
Covenant Logistics
CVLG
$888M
| $540K | ﹤0.01% |
22,400
+3,500
| +19% | +$75.8K |
|
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's Q2 2025 filing shows 1,720 new, 5,716 increased, 5,055 reduced and 1,538 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.