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 | Miscellaneous | 93.94% |
| 2 | Technology | 1.79% |
| 3 | Consumer Discretionary | 0.82% |
| 4 | Financials | 0.79% |
| 5 | Healthcare | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
10976
Franklin Financial Services
FRAF
$279M
| $224K | ﹤0.01% |
6,463
-64,886
| -91% | -$2.4M |
|
10977
Direxion Daily Retail Bull 3X ETF
RETL
$25.5M
| $224K | ﹤0.01% |
29,444
-13,383
| -31% | -$87.9K |
|
10978
CALL
Inter&Co
INTR
$2.38B
| $224K | ﹤0.01% |
+30,100
| New | +$200K |
|
|
IPPP
10979
DELISTED
Preferred-Plus ETF
IPPP
| $224K | ﹤0.01% |
22,888
+3,323
| +17% | +$31.9K |
|
10980
CALL
Invesco Pharmaceuticals ETF
PJP
$528M
| $224K | ﹤0.01% |
+2,800
| New | +$223K |
|
|
TUYA
10981
PUT
Tuya Inc
TUYA
$1.16B
| $224K | ﹤0.01% |
96,800
-90,700
| -48% | -$220K |
|
|
NOTE
10982
DELISTED
FiscalNote
NOTE
| $224K | ﹤0.01% |
34,733
+17,677
| +104% | +$133K |
|
10983
LiveOne
LVO
$54.3M
| $223K | ﹤0.01% |
29,599
+20,212
| +215% | +$150K |
|
10984
CALL
Customers Bancorp
CUBI
$2.67B
| $223K | ﹤0.01% |
3,800
-18,400
| -83% | -$932K |
|
|
PVLA
10985
CALL
Palvella Therapeutics
PVLA
$2.17B
| $223K | ﹤0.01% |
+9,900
| New | +$232K |
|
10986
Goldman Sachs Access Emerging Markets USD Bond ETF
GEMD
$37.5M
| $223K | ﹤0.01% |
+5,440
| New | +$218K |
|
10987
Investar Holding Corp
ISTR
$417M
| $223K | ﹤0.01% |
11,545
-2,185
| -16% | -$40.3K |
|
10988
Pacer Data & Infrastructure Real Estate ETF
SRVR
$386M
| $223K | ﹤0.01% |
6,889
-138,858
| -95% | -$4.26M |
|
10989
CALL
A10 Networks
ATEN
$1.96B
| $223K | ﹤0.01% |
11,500
-3,300
| -22% | -$56.4K |
|
10990
Kodiak Sciences
KOD
$2.46B
| $222K | ﹤0.01% |
59,638
+12,134
| +26% | +$43K |
|
10991
CALL
Akebia Therapeutics
AKBA
$260M
| $222K | ﹤0.01% |
61,100
+11,200
| +22% | +$30.8K |
|
10992
PUT
Vanguard Communication Services ETF
VOX
$5.81B
| $222K | ﹤0.01% |
1,300
-6,000
| -82% | -$923K |
|
|
EWCZ
10993
DELISTED
European Wax Center
EWCZ
| $222K | ﹤0.01% |
39,485
-5,724
| -13% | -$26K |
|
10994
Virginia National Bankshares
VABK
$251M
| $222K | ﹤0.01% |
6,008
-1,479
| -20% | -$54.2K |
|
10995
CALL
Community Trust Bancorp
CTBI
$1.39B
| $222K | ﹤0.01% |
4,200
-200
| -5% | -$10.1K |
|
10996
Zevia
ZVIA
$102M
| $222K | ﹤0.01% |
69,025
-445,510
| -87% | -$1.17M |
|
10997
VanEck Merk Gold Trust
OUNZ
$2.85B
| $222K | ﹤0.01% |
6,964
-82,566
| -92% | -$2.61M |
|
10998
PUT
Nuvation Bio
NUVB
$2.45B
| $222K | ﹤0.01% |
+113,800
| New | +$237K |
|
10999
CALL
Clarivate
CLVT
$1.3B
| $222K | ﹤0.01% |
51,600
+1,200
| +2% | +$4.83K |
|
11000
Kyverna Therapeutics
KYTX
$534M
| $222K | ﹤0.01% |
72,269
+37,816
| +110% | +$93.5K |
|
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's Q2 2025 filing shows 1,720 new, 5,716 increased, 5,055 reduced and 1,538 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.