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 | |
|---|---|---|---|---|---|---|
1026
CALL
iShares MSCI India ETF
INDA
$6.59B
| $62.1M | 0.01% |
1,115,100
-200,000
| -15% | -$10.7M |
|
1027
CALL
First Citizens BancShares
FCNCA
$24.7B
| $62M | 0.01% |
31,700
+4,800
| +18% | +$8.71M |
|
|
WBA
1028
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $62M | 0.01% |
5,402,100
+26,300
| +0.5% | +$293K |
|
1029
CALL
iShares US Home Construction ETF
ITB
$2.28B
| $61.9M | 0.01% |
664,200
+86,200
| +15% | +$7.88M |
|
1030
PUT
AB InBev
BUD
$156B
| $61.9M | 0.01% |
900,300
+433,200
| +93% | +$29.1M |
|
1031
PUT
Halliburton
HAL
$28.9B
| $61.8M | 0.01% |
3,034,500
+898,100
| +42% | +$18.8M |
|
1032
Fluor
FLR
$6.86B
| $61.5M | 0.01% |
1,200,307
-73,599
| -6% | -$2.93M |
|
1033
CALL
Centrus Energy
LEU
$3.53B
| $61.5M | 0.01% |
335,900
+75,900
| +29% | +$8.1M |
|
1034
PUT
Phillips 66
PSX
$96.5B
| $61.5M | 0.01% |
515,700
+106,200
| +26% | +$11.9M |
|
1035
CALL
Carpenter Technology
CRS
$23.6B
| $61.5M | 0.01% |
222,400
-289,000
| -57% | -$63M |
|
1036
CALL
Autodesk
ADSK
$53.7B
| $61.4M | 0.01% |
198,500
-79,800
| -29% | -$22.6M |
|
1037
CALL
LyondellBasell Industries
LYB
$21.1B
| $61.4M | 0.01% |
1,061,500
+471,100
| +80% | +$27.5M |
|
1038
CALL
Becton Dickinson
BDX
$52B
| $61.4M | 0.01% |
356,200
+10,700
| +3% | +$1.96M |
|
1039
CALL
Global E Online
GLBE
$6.7B
| $61.3M | 0.01% |
1,827,600
-80,100
| -4% | -$2.7M |
|
1040
PUT
Floor & Decor
FND
$5.84B
| $61.2M | 0.01% |
806,300
-350,600
| -30% | -$26M |
|
1041
Arista Networks
ANET
$237B
| $61.1M | 0.01% |
596,907
+426,150
| +250% | +$36.9M |
|
1042
CALL
Waste Management
WM
$90.5B
| $61M | 0.01% |
266,600
-203,300
| -43% | -$47.2M |
|
1043
PUT
Teva Pharmaceuticals
TEVA
$43B
| $60.9M | 0.01% |
3,636,600
-967,800
| -21% | -$15.6M |
|
1044
CALL
The GEO Group
GEO
$4.24B
| $60.8M | 0.01% |
2,540,500
+343,300
| +16% | +$9.38M |
|
1045
PUT
Intercontinental Exchange
ICE
$91.5B
| $60.7M | 0.01% |
330,600
+98,700
| +43% | +$17M |
|
1046
PUT
Deckers Outdoor
DECK
$12.5B
| $60.4M | 0.01% |
586,100
+109,300
| +23% | +$12.1M |
|
1047
SLB Ltd
SLB
$80.1B
| $60.2M | 0.01% |
1,779,752
+545,324
| +44% | +$18.9M |
|
1048
CALL
TotalEnergies
TTE
$198B
| $60.1M | 0.01% |
978,900
-88,600
| -8% | -$5.26M |
|
1049
PUT
Under Armour
UAA
$2.31B
| $60.1M | 0.01% |
8,792,400
+380,100
| +5% | +$2.37M |
|
1050
Mercado Libre
MELI
$98.8B
| $60M | 0.01% |
22,952
-33,730
| -60% | -$78.8M |
|
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.