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 | |
|---|---|---|---|---|---|---|
901
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$5.38B
| $76.5M | 0.01% |
817,600
+555,500
| +212% | +$36.7M |
|
902
PUT
Direxion Daily Financial Bull 3x ETF
FAS
$2.44B
| $76.5M | 0.01% |
453,500
-65,600
| -13% | -$9.56M |
|
903
CALL
US Bancorp
USB
$97.3B
| $76.3M | 0.01% |
1,686,700
-337,000
| -17% | -$14.2M |
|
904
VanEck Semiconductor ETF
SMH
$64.8B
| $76.2M | 0.01% |
273,339
+136,840
| +100% | +$31.7M |
|
905
Applied Materials
AMAT
$384B
| $76M | 0.01% |
415,359
-473,334
| -53% | -$75M |
|
906
CALL
PG&E
PCG
$39.9B
| $75.9M | 0.01% |
5,444,800
+1,989,800
| +58% | +$32.4M |
|
907
CALL
Warner Bros
WBD
$72B
| $75.9M | 0.01% |
6,621,600
+19,100
| +0.3% | +$178K |
|
908
PUT
iShares MSCI Canada ETF
EWC
$6.9B
| $75.8M | 0.01% |
1,641,000
-109,900
| -6% | -$4.75M |
|
909
Credo Technology Group
CRDO
$41.5B
| $75.4M | 0.01% |
814,322
-455,885
| -36% | -$26.6M |
|
910
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $75.3M | 0.01% |
595,300
+305,700
| +106% | +$37.5M |
|
|
BNY
911
CALL
Bank of New York Mellon
BNY
$110B
| $75.2M | 0.01% |
825,600
+124,800
| +18% | +$10.6M |
|
912
PUT
O'Reilly Automotive
ORLY
$73.4B
| $75.2M | 0.01% |
834,200
+244,700
| +42% | +$22.3M |
|
913
PUT
Nutanix
NTNX
$18B
| $75M | 0.01% |
981,400
+420,700
| +75% | +$30.3M |
|
914
PUT
Sunrun
RUN
$2.15B
| $74.8M | 0.01% |
9,145,500
+5,270,100
| +136% | +$41.4M |
|
915
CALL
DexCom
DXCM
$34.4B
| $74.7M | 0.01% |
855,800
+171,300
| +25% | +$13.4M |
|
916
Biogen
BIIB
$32.2B
| $74.6M | 0.01% |
594,099
+325,727
| +121% | +$40.6M |
|
917
PUT
Cardinal Health
CAH
$54B
| $74.6M | 0.01% |
443,900
-82,300
| -16% | -$12.2M |
|
918
PUT
XPeng
XPEV
$10.7B
| $74.5M | 0.01% |
4,167,700
+1,158,000
| +38% | +$22.6M |
|
919
PUT
Lyft
LYFT
$6.69B
| $74.2M | 0.01% |
4,709,300
-464,000
| -9% | -$6.5M |
|
920
CALL
Wingstop
WING
$3.18B
| $74.1M | 0.01% |
220,100
+137,100
| +165% | +$40.6M |
|
921
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $73.5M | 0.01% |
1,086,800
+466,800
| +75% | +$29.5M |
|
922
CALL
GeneDx Holdings
WGS
$2.54B
| $73.4M | 0.01% |
794,700
+548,300
| +223% | +$43M |
|
|
923
PUT
Wingstop
WING
$3.18B
| $73.2M | 0.01% |
217,500
+2,400
| +1% | +$710K |
|
|
CMA
924
CALL
DELISTED
Comerica
CMA
| $73.2M | 0.01% |
1,227,700
+786,600
| +178% | +$43.9M |
|
|
TIGR
925
PUT
UP Fintech Holding
TIGR
$929M
| $73.2M | 0.01% |
7,587,600
+4,921,100
| +185% | +$41.1M |
|
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.