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 | |
|---|---|---|---|---|---|---|
1001
CALL
PNC Financial Services
PNC
$97.2B
| $64M | 0.01% |
343,400
-235,100
| -41% | -$39.8M |
|
1002
PUT
Tapestry
TPR
$26.4B
| $63.9M | 0.01% |
727,500
-671,700
| -48% | -$50.9M |
|
1003
CALL
Brinker International
EAT
$10.9B
| $63.9M | 0.01% |
354,100
-103,600
| -23% | -$16.3M |
|
1004
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $63.7M | 0.01% |
665,400
-78,200
| -11% | -$7.39M |
|
1005
CALL
D.R. Horton
DHI
$41.7B
| $63.7M | 0.01% |
494,200
-253,400
| -34% | -$31.2M |
|
|
SLNO
1006
PUT
DELISTED
Soleno Therapeutics
SLNO
| $63.7M | 0.01% |
759,900
+452,800
| +147% | +$33.9M |
|
1007
CALL
iShares Russell 1000 Growth ETF
IWF
$124B
| $63.6M | 0.01% |
599,600
-138,800
| -19% | -$13.3M |
|
1008
PUT
SiriusXM
SIRI
$9.59B
| $63.5M | 0.01% |
2,765,600
+1,414,200
| +105% | +$30.4M |
|
|
ECHO
1009
CALL
EchoStar
ECHO
$24.8B
| $63.4M | 0.01% |
2,289,900
+861,400
| +60% | +$18.9M |
|
1010
PUT
Rubrik
RBRK
$20.2B
| $63.4M | 0.01% |
707,600
-127,000
| -15% | -$10M |
|
|
ETHA
1011
CALL
iShares Ethereum Trust ETF
ETHA
$7.69B
| $63.3M | 0.01% |
+3,321,200
| New | +$55.2M |
|
1012
CALL
Intercontinental Exchange
ICE
$91.5B
| $63.3M | 0.01% |
345,200
+7,300
| +2% | +$1.25M |
|
1013
PUT
Moody's
MCO
$88.6B
| $63.3M | 0.01% |
126,100
+71,400
| +131% | +$33.1M |
|
1014
CALL
Plains All American Pipeline
PAA
$17.6B
| $63.2M | 0.01% |
3,447,500
+2,034,500
| +144% | +$35.5M |
|
|
FLG
1015
PUT
Flagstar Bank National Association
FLG
$5.57B
| $63.2M | 0.01% |
5,957,900
+74,300
| +1% | +$849K |
|
1016
PUT
NXP Semiconductors
NXPI
$56.1B
| $63.1M | 0.01% |
288,800
-78,900
| -21% | -$15.4M |
|
1017
Cheniere Energy
LNG
$58B
| $62.9M | 0.01% |
258,094
-73,809
| -22% | -$17.1M |
|
1018
CALL
Allstate
ALL
$65.8B
| $62.7M | 0.01% |
311,700
+37,000
| +13% | +$7.38M |
|
1019
CALL
Colgate-Palmolive
CL
$73.8B
| $62.7M | 0.01% |
689,600
+296,700
| +76% | +$27.1M |
|
1020
KLA
KLAC
$237B
| $62.4M | 0.01% |
696,810
-114,790
| -14% | -$8.64M |
|
1021
Arm
ARM
$255B
| $62.3M | 0.01% |
385,195
-606,950
| -61% | -$75.3M |
|
|
1022
PUT
PNC Financial Services
PNC
$97.2B
| $62.2M | 0.01% |
333,900
-202,400
| -38% | -$34.3M |
|
1023
CALL
Kimberly-Clark
KMB
$37B
| $62.2M | 0.01% |
482,600
-401,100
| -45% | -$54.4M |
|
1024
CALL
Tenet Healthcare
THC
$22.4B
| $62.2M | 0.01% |
353,400
+2,600
| +0.7% | +$391K |
|
1025
CALL
Cinemark Holdings
CNK
$4.45B
| $62.1M | 0.01% |
2,058,000
+215,300
| +12% | +$6.51M |
|
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.