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 | |
|---|---|---|---|---|---|---|
|
NBIS
976
PUT
Nebius Group N.V.
NBIS
$57.3B
| $54.4M | 0.01% |
2,579,000
+1,064,200
| +70% | +$35M |
|
977
CALL
Riot Platforms
RIOT
$7.51B
| $54.3M | 0.01% |
7,630,000
-1,599,000
| -17% | -$16.6M |
|
978
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $54.3M | 0.01% |
567,200
-1,165,400
| -67% | -$111M |
|
979
American Express
AXP
$228B
| $54.3M | 0.01% |
201,749
-248,289
| -55% | -$73.4M |
|
980
iShares Core S&P 500 ETF
IVV
$891B
| $54.2M | 0.01% |
+96,495
| New | +$57M |
|
981
PUT
Halliburton
HAL
$28.9B
| $54.2M | 0.01% |
2,136,400
+188,900
| +10% | +$4.97M |
|
982
CALL
Celestica
CLS
$37.1B
| $54.1M | 0.01% |
686,900
-69,100
| -9% | -$7.33M |
|
983
CALL
Nu Holdings
NU
$71.3B
| $54M | 0.01% |
5,278,300
+26,000
| +0.5% | +$307K |
|
984
CALL
Suncor Energy
SU
$78.8B
| $53.8M | 0.01% |
1,390,400
+528,900
| +61% | +$20.2M |
|
985
CALL
Steel Dynamics
STLD
$32.9B
| $53.8M | 0.01% |
430,100
+164,400
| +62% | +$20.8M |
|
986
PUT
Astera Labs
ALAB
$48.1B
| $53.8M | 0.01% |
901,400
-156,100
| -15% | -$14.4M |
|
987
CALL
American International
AIG
$40.5B
| $53.7M | 0.01% |
618,200
-313,100
| -34% | -$24.3M |
|
988
PUT
Clorox
CLX
$13B
| $53.6M | 0.01% |
363,800
-65,200
| -15% | -$9.96M |
|
989
CALL
ZIM Integrated Shipping Services
ZIM
$3.42B
| $53.5M | 0.01% |
3,666,700
-673,300
| -16% | -$12.6M |
|
990
CALL
Ferrari
RACE
$74.6B
| $53.5M | 0.01% |
125,000
-29,700
| -19% | -$13.4M |
|
991
PUT
Aon
AON
$76.2B
| $53.4M | 0.01% |
133,700
-800
| -0.6% | -$307K |
|
992
PUT
Deckers Outdoor
DECK
$12.5B
| $53.3M | 0.01% |
476,800
+206,100
| +76% | +$33.3M |
|
993
Reddit
RDDT
$29.4B
| $53.2M | 0.01% |
+507,306
| New | +$83.8M |
|
994
CALL
United States Natural Gas Fund
UNG
$511M
| $53.2M | 0.01% |
2,459,800
-3,229,600
| -57% | -$63.7M |
|
995
PUT
AES
AES
$10.5B
| $53M | 0.01% |
4,267,900
+1,304,200
| +44% | +$15.1M |
|
996
CALL
iShares US Aerospace & Defense ETF
ITA
$14B
| $52.9M | 0.01% |
345,600
+294,300
| +574% | +$45M |
|
997
CALL
Cleveland-Cliffs
CLF
$6.45B
| $52.7M | 0.01% |
6,415,500
-1,798,000
| -22% | -$18.3M |
|
998
PUT
Under Armour
UAA
$2.31B
| $52.6M | 0.01% |
8,412,300
+7,832,000
| +1,350% | +$58.3M |
|
999
CALL
Ross Stores
ROST
$77.5B
| $52.4M | 0.01% |
410,400
-165,400
| -29% | -$23.1M |
|
1000
CALL
Franco-Nevada
FNV
$52.1B
| $52.3M | 0.01% |
332,100
+171,900
| +107% | +$24M |
|
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.