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 | |
|---|---|---|---|---|---|---|
76
PUT
JPMorgan Chase
JPM
$935B
| $1.21B | 0.21% |
4,937,900
+230,400
| +5% | +$58.7M |
|
77
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $1.2B | 0.21% |
14,694,700
+6,875,600
| +88% | +$554M |
|
78
CALL
Pinduoduo
PDD
$126B
| $1.19B | 0.2% |
10,044,400
-2,799,000
| -22% | -$321M |
|
79
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.18B | 0.2% |
2,816,000
-502,500
| -15% | -$217M |
|
80
CALL
ServiceNow
NOW
$133B
| $1.17B | 0.2% |
7,372,500
+2,929,500
| +66% | +$565M |
|
81
PUT
UnitedHealth
UNH
$350B
| $1.16B | 0.2% |
2,218,400
-111,200
| -5% | -$56.8M |
|
82
CALL
Walmart Inc
WMT
$825B
| $1.08B | 0.18% |
12,334,300
-2,260,800
| -15% | -$212M |
|
83
CALL
Citigroup
C
$221B
| $1.08B | 0.18% |
15,205,200
-2,719,800
| -15% | -$207M |
|
84
PUT
Salesforce
CRM
$171B
| $1.08B | 0.18% |
4,022,100
+225,200
| +6% | +$70M |
|
85
CALL
Uber
UBER
$161B
| $1.07B | 0.18% |
14,652,000
+3,733,100
| +34% | +$269M |
|
86
PUT
ASML
ASML
$677B
| $1.04B | 0.18% |
1,570,700
-298,600
| -16% | -$217M |
|
87
NVIDIA
NVDA
$5.2T
| $1.02B | 0.17% |
9,417,178
-4,301,825
| -31% | -$545M |
|
88
CALL
AbbVie
ABBV
$468B
| $1.02B | 0.17% |
4,853,900
-180,500
| -4% | -$35.1M |
|
89
PUT
Adobe
ADBE
$109B
| $1.01B | 0.17% |
2,638,400
-881,700
| -25% | -$378M |
|
90
CALL
Visa
V
$693B
| $997M | 0.17% |
2,845,500
+153,200
| +6% | +$51.8M |
|
|
91
CALL
Adobe
ADBE
$109B
| $995M | 0.17% |
2,594,400
+32,300
| +1% | +$13.9M |
|
|
92
CALL
Salesforce
CRM
$171B
| $995M | 0.17% |
3,707,500
+144,000
| +4% | +$44.8M |
|
|
93
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $983M | 0.17% |
2,342,300
-1,058,400
| -31% | -$458M |
|
|
94
PUT
Citigroup
C
$221B
| $963M | 0.16% |
13,560,700
+855,000
| +7% | +$65.2M |
|
|
95
PUT
Pinduoduo
PDD
$126B
| $961M | 0.16% |
8,122,500
+1,331,300
| +20% | +$153M |
|
|
96
Tesla
TSLA
$1.43T
| $960M | 0.16% |
3,702,455
+1,906,937
| +106% | +$636M |
|
97
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $953M | 0.16% |
19,128,700
-4,815,600
| -20% | -$242M |
|
98
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $937M | 0.16% |
9,490,400
+1,728,800
| +22% | +$187M |
|
99
CALL
Micron Technology
MU
$1.09T
| $916M | 0.16% |
10,545,400
-2,426,600
| -19% | -$233M |
|
100
CALL
Chevron
CVX
$403B
| $916M | 0.16% |
5,472,600
+654,700
| +14% | +$102M |
|
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.