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 | |
|---|---|---|---|---|---|---|
9651
CALL
Smith & Wesson
SWBI
$573M
| $404K | ﹤0.01% |
46,600
-12,200
| -21% | -$116K |
|
|
USAR
9652
USA Rare Earth Inc
USAR
$4.4B
| $404K | ﹤0.01% |
+36,903
| New | +$391K |
|
9653
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$65.5M
| $404K | ﹤0.01% |
5,402
-32,257
| -86% | -$2.85M |
|
9654
PUT
Direxion Daily Real Estate Bull 3X ETF
DRN
$43.5M
| $404K | ﹤0.01% |
42,300
+25,000
| +145% | +$234K |
|
|
IBMS
9655
iShares iBonds Dec 2030 Term Muni Bond ETF
IBMS
$333M
| $404K | ﹤0.01% |
+15,743
| New | +$399K |
|
9656
FTI Consulting
FCN
$4.25B
| $404K | ﹤0.01% |
2,501
-2,586
| -51% | -$422K |
|
9657
CALL
Driven Brands
DRVN
$2.06B
| $404K | ﹤0.01% |
23,000
-13,100
| -36% | -$225K |
|
9658
Strategic Trust Running Oak Efficient Growth ETF
RUNN
$409M
| $404K | ﹤0.01% |
11,929
-15,663
| -57% | -$508K |
|
9659
PUT
ProShares Short 20+ Year Treasury ETF
TBF
$107M
| $404K | ﹤0.01% |
16,700
-18,000
| -52% | -$442K |
|
9660
CALL
Avery Dennison
AVY
$13.5B
| $404K | ﹤0.01% |
2,300
+200
| +10% | +$35.1K |
|
|
QCJL
9661
FT Vest Nasdaq-100 Conservative Buffer ETF - July
QCJL
$98.8M
| $404K | ﹤0.01% |
18,048
-15,668
| -46% | -$330K |
|
9662
PUT
Patria Investments
PAX
$1.83B
| $404K | ﹤0.01% |
28,700
-7,400
| -20% | -$88.7K |
|
|
JBS
9663
JBS N.V.
JBS
$44.7B
| $403K | ﹤0.01% |
+27,608
| New | +$389K |
|
9664
CALL
Lloyds Banking Group
LYG
$85.7B
| $403K | ﹤0.01% |
94,900
+71,600
| +307% | +$285K |
|
9665
BayCom
BCML
$331M
| $403K | ﹤0.01% |
14,542
-776
| -5% | -$20.5K |
|
9666
Morgan Stanley Direct Lending Fund
MSDL
$1.28B
| $403K | ﹤0.01% |
21,522
-12,510
| -37% | -$242K |
|
|
RWT
9667
PUT
Redwood Trust
RWT
$580M
| $402K | ﹤0.01% |
68,100
-28,500
| -30% | -$162K |
|
|
FIRY
9668
CALL
Firy Inc
FIRY
$161M
| $402K | ﹤0.01% |
59,000
-13,900
| -19% | -$77.2K |
|
|
XIJN
9669
FT Vest U.S. Equity Buffer & Premium Income ETF - June
XIJN
$51.7M
| $402K | ﹤0.01% |
+13,038
| New | +$398K |
|
9670
Fiverr
FVRR
$340M
| $402K | ﹤0.01% |
13,716
-54,796
| -80% | -$1.58M |
|
|
BCAX
9671
Bicara Therapeutics
BCAX
$1.55B
| $402K | ﹤0.01% |
43,248
+18,346
| +74% | +$219K |
|
|
CSW
9672
PUT
CSW Industrials
CSW
$5.19B
| $402K | ﹤0.01% |
1,400
+200
| +17% | +$60.4K |
|
9673
First National Corp
FXNC
$278M
| $402K | ﹤0.01% |
20,622
-112,387
| -84% | -$2.22M |
|
9674
CALL
Woodside Energy
WDS
$43.8B
| $401K | ﹤0.01% |
26,000
-50,100
| -66% | -$701K |
|
9675
Hain Celestial
HAIN
$66.1M
| $401K | ﹤0.01% |
263,754
-122,167
| -32% | -$285K |
|
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.