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 | |
|---|---|---|---|---|---|---|
1051
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $60M | 0.01% |
552,500
+250,600
| +83% | +$24.7M |
|
1052
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.5B
| $59.9M | 0.01% |
+2,040,938
| New | +$56.2M |
|
1053
Nu Holdings
NU
$71.3B
| $59.6M | 0.01% |
4,344,934
-101,118
| -2% | -$1.21M |
|
1054
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$407M
| $59.4M | 0.01% |
644,100
+122,600
| +24% | +$14.2M |
|
1055
CALL
Suncor Energy
SU
$78.8B
| $59.2M | 0.01% |
1,580,900
+190,500
| +14% | +$6.89M |
|
1056
CALL
Trump Media & Technology Group
DJT
$2.58B
| $59.1M | 0.01% |
3,277,200
+2,116,000
| +182% | +$46M |
|
|
SEZL
1057
CALL
Sezzle
SEZL
$3.97B
| $59M | 0.01% |
+329,200
| New | +$29.1M |
|
1058
PUT
Travelers Companies
TRV
$77.3B
| $58.9M | 0.01% |
220,300
+108,800
| +98% | +$28.7M |
|
1059
PUT
Archer Aviation
ACHR
$4.67B
| $58.8M | 0.01% |
5,421,300
+929,000
| +21% | +$8.69M |
|
1060
CALL
Mondelez International
MDLZ
$82.6B
| $58.8M | 0.01% |
871,700
-157,000
| -15% | -$10.5M |
|
1061
AutoZone
AZO
$49.1B
| $58.6M | 0.01% |
15,792
+12,099
| +328% | +$44.6M |
|
|
BPMC
1062
PUT
DELISTED
Blueprint Medicines
BPMC
| $58.6M | 0.01% |
457,300
+250,700
| +121% | +$26M |
|
1063
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $58.6M | 0.01% |
535,300
+162,500
| +44% | +$16.1M |
|
1064
Dollar Tree
DLTR
$26.3B
| $58.5M | 0.01% |
591,169
+373,489
| +172% | +$32.2M |
|
1065
PUT
BJs Wholesale Club
BJ
$12.6B
| $58.5M | 0.01% |
542,700
+202,700
| +60% | +$23.1M |
|
1066
CALL
Oscar Health
OSCR
$9.82B
| $58.4M | 0.01% |
2,725,700
+1,802,300
| +195% | +$26.8M |
|
1067
PUT
Arthur J. Gallagher & Co
AJG
$69.7B
| $58.4M | 0.01% |
182,500
+158,300
| +654% | +$52.2M |
|
1068
PUT
Insulet
PODD
$10.1B
| $58.2M | 0.01% |
185,200
+63,600
| +52% | +$18.4M |
|
1069
PUT
ZIM Integrated Shipping Services
ZIM
$3.42B
| $58M | 0.01% |
3,605,500
-1,403,700
| -28% | -$22.1M |
|
1070
CALL
Fidelity Wise Origin Bitcoin Fund
FBTC
$14.6B
| $58M | 0.01% |
617,200
-40,100
| -6% | -$3.45M |
|
1071
PUT
Southern Company
SO
$104B
| $57.9M | 0.01% |
630,200
+178,300
| +39% | +$16M |
|
1072
CALL
Transmedics
TMDX
$3.25B
| $57.7M | 0.01% |
430,800
+153,700
| +55% | +$16.9M |
|
1073
CALL
Petrobras
PBR
$120B
| $57.5M | 0.01% |
4,597,000
+476,800
| +12% | +$5.71M |
|
1074
CALL
United States Natural Gas Fund
UNG
$511M
| $57.5M | 0.01% |
3,763,400
+1,303,600
| +53% | +$22.5M |
|
1075
CALL
KE Holdings
BEKE
$19.5B
| $57.2M | 0.01% |
3,227,100
+676,200
| +27% | +$13M |
|
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.