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 | |
|---|---|---|---|---|---|---|
901
PUT
Truist Financial
TFC
$62.1B
| $62.8M | 0.01% |
1,526,700
+748,200
| +96% | +$33.3M |
|
902
CALL
Bilibili
BILI
$6.91B
| $62.7M | 0.01% |
3,279,700
-2,094,000
| -39% | -$40.2M |
|
903
CALL
Cummins
CMI
$78.7B
| $62.5M | 0.01% |
199,400
-11,700
| -6% | -$4.12M |
|
904
NextEra Energy
NEE
$175B
| $62.5M | 0.01% |
881,061
-56,602
| -6% | -$4M |
|
905
PUT
XPeng
XPEV
$10.7B
| $62.4M | 0.01% |
3,009,700
+904,100
| +43% | +$16.3M |
|
906
PUT
Simon Property Group
SPG
$71.4B
| $62.3M | 0.01% |
375,200
-201,500
| -35% | -$35.2M |
|
907
CALL
Arthur J. Gallagher & Co
AJG
$69.7B
| $62.3M | 0.01% |
180,400
-294,700
| -62% | -$93.1M |
|
908
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $62.2M | 0.01% |
812,017
+772,609
| +1,961% | +$58.3M |
|
909
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $62.1M | 0.01% |
2,123,700
-385,100
| -15% | -$15M |
|
910
PUT
Cencora
COR
$61.8B
| $61.8M | 0.01% |
222,200
+43,600
| +24% | +$11M |
|
911
PUT
NIO
NIO
$10.9B
| $61.5M | 0.01% |
16,154,100
+3,046,300
| +23% | +$13.4M |
|
912
CALL
Darden Restaurants
DRI
$25.6B
| $61.5M | 0.01% |
295,900
-3,200
| -1% | -$618K |
|
913
CALL
Ameriprise Financial
AMP
$49.6B
| $61.4M | 0.01% |
126,900
-2,200
| -2% | -$1.15M |
|
914
PUT
Lyft
LYFT
$6.69B
| $61.4M | 0.01% |
5,173,300
+1,850,500
| +56% | +$24.1M |
|
915
PUT
Realty Income
O
$59.8B
| $61.2M | 0.01% |
1,055,300
-78,300
| -7% | -$4.33M |
|
916
PUT
Prologis
PLD
$136B
| $61.1M | 0.01% |
546,200
+16,800
| +3% | +$1.94M |
|
917
PUT
Texas Roadhouse
TXRH
$13.5B
| $60.9M | 0.01% |
365,700
+295,000
| +417% | +$52.2M |
|
918
CALL
Alaska Air
ALK
$4.64B
| $60.9M | 0.01% |
1,237,700
-282,900
| -19% | -$18.6M |
|
919
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$292M
| $60.9M | 0.01% |
519,940
+130,400
| +33% | +$13.5M |
|
920
CALL
Madrigal Pharmaceuticals
MDGL
$11.8B
| $60.6M | 0.01% |
183,000
-89,900
| -33% | -$29.5M |
|
921
PUT
Caesars Entertainment
CZR
$6.04B
| $60.6M | 0.01% |
2,424,600
+936,000
| +63% | +$30.4M |
|
922
CALL
eBay
EBAY
$47.7B
| $60.2M | 0.01% |
888,500
-331,800
| -27% | -$22.1M |
|
|
WBA
923
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $60M | 0.01% |
5,375,800
+574,300
| +12% | +$6.23M |
|
924
CALL
Global Payments
GPN
$25B
| $59.9M | 0.01% |
611,700
+233,100
| +62% | +$24.4M |
|
925
PUT
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.22B
| $59.9M | 0.01% |
1,360,800
-1,740,800
| -56% | -$72.9M |
|
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.