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 | |
|---|---|---|---|---|---|---|
976
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$107M
| $67.5M | 0.01% |
2,634,700
+1,609,800
| +157% | +$38.8M |
|
977
PUT
American International
AIG
$40.5B
| $67.3M | 0.01% |
786,800
-35,000
| -4% | -$2.91M |
|
978
CALL
iShares Gold Trust
IAU
$69B
| $67.2M | 0.01% |
1,078,100
+552,600
| +105% | +$34.2M |
|
979
CALL
AeroVironment
AVAV
$7.53B
| $67.2M | 0.01% |
235,700
+159,200
| +208% | +$26.9M |
|
980
Walt Disney
DIS
$191B
| $67M | 0.01% |
540,601
-1,156,868
| -68% | -$120M |
|
|
981
PUT
AeroVironment
AVAV
$7.53B
| $67M | 0.01% |
235,000
+132,000
| +128% | +$22.3M |
|
982
CALL
Paychex
PAYX
$44.8B
| $66.8M | 0.01% |
459,500
-22,600
| -5% | -$3.4M |
|
983
RTX Corp
RTX
$282B
| $66.5M | 0.01% |
455,140
+324,991
| +250% | +$43.3M |
|
984
Amgen
AMGN
$240B
| $66.3M | 0.01% |
237,357
+5,411
| +2% | +$1.53M |
|
985
CALL
Alnylam Pharmaceuticals
ALNY
$31.6B
| $66.1M | 0.01% |
202,800
-51,600
| -20% | -$14.3M |
|
986
PG&E
PCG
$39.9B
| $66M | 0.01% |
4,738,077
+2,973,619
| +169% | +$48.4M |
|
987
FTAI Aviation
FTAI
$20.4B
| $65.9M | 0.01% |
572,583
+261,867
| +84% | +$29.3M |
|
988
CALL
HSBC
HSBC
$357B
| $65.6M | 0.01% |
1,078,400
+883,800
| +454% | +$50.3M |
|
989
CALL
HP
HPQ
$26.1B
| $65.5M | 0.01% |
2,678,100
+1,429,700
| +115% | +$36.4M |
|
990
e.l.f. Beauty
ELF
$6.25B
| $65.4M | 0.01% |
525,430
+334,299
| +175% | +$28.5M |
|
991
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $65.2M | 0.01% |
869,900
+642,700
| +283% | +$45.7M |
|
992
CALL
Zillow
Z
$8.33B
| $65.1M | 0.01% |
930,000
-169,100
| -15% | -$11.4M |
|
993
PUT
Kinder Morgan
KMI
$69B
| $65.1M | 0.01% |
2,214,600
+697,800
| +46% | +$19.2M |
|
994
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $65M | 0.01% |
1,591,800
-1,564,800
| -50% | -$62.3M |
|
|
ETHU
995
CALL
2x Ether ETF
ETHU
$1.2B
| $64.8M | 0.01% |
1,145,200
+1,101,220
| +2,504% | +$52.7M |
|
996
PUT
MSCI
MSCI
$41.5B
| $64.6M | 0.01% |
112,000
+70,200
| +168% | +$38.9M |
|
997
Global Payments
GPN
$25B
| $64.6M | 0.01% |
807,027
+646,047
| +401% | +$51.1M |
|
998
CALL
Teva Pharmaceuticals
TEVA
$43B
| $64.5M | 0.01% |
3,850,400
+1,217,000
| +46% | +$19.6M |
|
999
CALL
Nextpower Inc
NXT
$12.9B
| $64.2M | 0.01% |
1,181,000
+833,800
| +240% | +$41.8M |
|
1000
PUT
State Street SPDR S&P Bank ETF
KBE
$1.7B
| $64.1M | 0.01% |
1,149,000
-393,600
| -26% | -$20.5M |
|
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.