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 | |
|---|---|---|---|---|---|---|
76
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $1.29B | 0.18% |
4,617,100
-1,828,900
| -28% | -$424M |
|
77
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.28B | 0.18% |
26,564,600
-10,254,000
| -28% | -$461M |
|
78
PUT
Spotify
SPOT
$110B
| $1.27B | 0.18% |
1,658,700
+308,600
| +23% | +$198M |
|
79
CALL
iShares Silver Trust
SLV
$33.8B
| $1.27B | 0.18% |
38,753,100
+11,986,400
| +45% | +$367M |
|
|
80
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.27B | 0.18% |
7,165,800
-782,100
| -10% | -$129M |
|
81
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.27B | 0.18% |
14,155,000
-692,400
| -5% | -$59.1M |
|
82
PUT
ASML
ASML
$677B
| $1.25B | 0.17% |
1,565,400
-5,300
| -0.3% | -$3.8M |
|
83
PUT
Mercado Libre
MELI
$97.5B
| $1.22B | 0.17% |
468,400
+112,100
| +31% | +$262M |
|
84
PUT
Pinduoduo
PDD
$126B
| $1.22B | 0.17% |
11,684,400
+3,561,900
| +44% | +$374M |
|
85
PUT
Nike
NKE
$60.5B
| $1.21B | 0.17% |
17,054,800
+2,775,000
| +19% | +$167M |
|
86
CALL
ServiceNow
NOW
$133B
| $1.21B | 0.17% |
5,869,000
-1,503,500
| -20% | -$284M |
|
|
87
PUT
ServiceNow
NOW
$133B
| $1.2B | 0.17% |
5,832,500
+313,000
| +6% | +$59.1M |
|
88
PUT
Alibaba
BABA
$286B
| $1.2B | 0.17% |
10,573,000
-1,350,000
| -11% | -$160M |
|
|
89
Microsoft
MSFT
$3.59T
| $1.2B | 0.17% |
2,407,074
+1,164,083
| +94% | +$506M |
|
90
PUT
Oracle
ORCL
$422B
| $1.2B | 0.17% |
5,470,800
-106,000
| -2% | -$17.1M |
|
91
PUT
Citigroup
C
$221B
| $1.17B | 0.16% |
13,787,100
+226,400
| +2% | +$16.4M |
|
92
PUT
Robinhood
HOOD
$97.2B
| $1.17B | 0.16% |
12,446,500
-4,469,900
| -26% | -$265M |
|
93
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $1.15B | 0.16% |
27,752,400
+20,464,600
| +281% | +$648M |
|
94
CALL
First Solar
FSLR
$23B
| $1.14B | 0.16% |
6,877,700
+1,469,900
| +27% | +$217M |
|
|
95
PUT
First Solar
FSLR
$23B
| $1.13B | 0.16% |
6,824,900
+2,048,300
| +43% | +$302M |
|
96
CALL
Arm
ARM
$260B
| $1.12B | 0.16% |
6,906,800
+2,717,300
| +65% | +$337M |
|
97
PUT
Visa
V
$693B
| $1.1B | 0.15% |
3,105,200
+1,103,200
| +55% | +$385M |
|
98
CALL
DoorDash
DASH
$96.8B
| $1.1B | 0.15% |
4,445,600
-481,200
| -10% | -$96.5M |
|
|
99
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.1B | 0.15% |
22,700,900
+2,226,500
| +11% | +$100M |
|
|
100
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $1.09B | 0.15% |
12,150,600
-2,544,100
| -17% | -$217M |
|
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.