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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.05B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.61B |
| 3 |
Tesla
TSLA
|
+$636M |
| 4 |
TSMC
TSM
|
+$604M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.25B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
Microsoft
MSFT
|
+$988M |
| 4 |
Meta Platforms (Facebook)
META
|
+$572M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$570M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
PUT
BHP
BHP
$247B
| $44.1M | 0.01% |
909,400
+279,300
| +44% | +$13.9M |
|
1102
CALL
Skyworks Solutions
SWKS
$10.1B
| $44.1M | 0.01% |
682,300
+45,200
| +7% | +$3.44M |
|
1103
PUT
UBS Group
UBS
$164B
| $44M | 0.01% |
1,438,100
+527,000
| +58% | +$17.6M |
|
1104
Elevance Health
ELV
$87.3B
| $44M | 0.01% |
101,119
-57,832
| -36% | -$23.2M |
|
|
BNY
1105
PUT
Bank of New York Mellon
BNY
$110B
| $44M | 0.01% |
524,400
+89,200
| +20% | +$7.5M |
|
1106
Travelers Companies
TRV
$77.3B
| $43.9M | 0.01% |
165,852
-15,384
| -8% | -$3.83M |
|
1107
PUT
Kimberly-Clark
KMB
$37B
| $43.8M | 0.01% |
307,900
+3,000
| +1% | +$404K |
|
1108
CALL
NRG Energy
NRG
$23.5B
| $43.5M | 0.01% |
455,400
+84,700
| +23% | +$8.57M |
|
|
1109
CALL
Travelers Companies
TRV
$77.3B
| $43.5M | 0.01% |
164,300
+38,200
| +30% | +$9.52M |
|
1110
CALL
ProShares Ultra QQQ
QLD
$13.6B
| $43.4M | 0.01% |
975,800
-134,200
| -12% | -$7.1M |
|
1111
CALL
Seagate
STX
$180B
| $43.3M | 0.01% |
510,300
+110,500
| +28% | +$10.4M |
|
1112
CALL
APA Corp
APA
$15.1B
| $43.3M | 0.01% |
2,060,100
+95,400
| +5% | +$2.1M |
|
1113
PUT
Kinder Morgan
KMI
$69B
| $43.3M | 0.01% |
1,516,800
+525,100
| +53% | +$14.5M |
|
1114
CALL
argenx
ARGX
$63.3B
| $43.1M | 0.01% |
72,800
-64,700
| -47% | -$40.8M |
|
1115
CALL
Ares Capital
ARCC
$14.4B
| $43.1M | 0.01% |
1,943,900
+1,152,400
| +146% | +$26.2M |
|
1116
iShares MSCI USA Quality Factor ETF
QUAL
$47.8B
| $43M | 0.01% |
+251,392
| New | +$45M |
|
1117
CALL
Dutch Bros
BROS
$7.17B
| $42.8M | 0.01% |
693,400
+125,800
| +22% | +$8.29M |
|
1118
CALL
SolarEdge
SEDG
$1.85B
| $42.8M | 0.01% |
2,644,200
-288,800
| -10% | -$4.49M |
|
1119
CALL
Crocs
CROX
$6.03B
| $42.8M | 0.01% |
402,700
-121,700
| -23% | -$12.6M |
|
1120
CALL
Capri Holdings
CPRI
$1.55B
| $42.7M | 0.01% |
2,165,000
-203,100
| -9% | -$4.5M |
|
1121
Royalty Pharma
RPRX
$27.3B
| $42.7M | 0.01% |
1,371,626
-698,916
| -34% | -$22.2M |
|
1122
CALL
VF Corp
VFC
$5.63B
| $42.6M | 0.01% |
2,746,300
-3,882,200
| -59% | -$86M |
|
|
SWTX
1123
PUT
DELISTED
SpringWorks Therapeutics
SWTX
| $42.5M | 0.01% |
964,100
+856,800
| +799% | +$39.4M |
|
1124
CALL
Old Dominion Freight Line
ODFL
$41.8B
| $42.5M | 0.01% |
257,100
-43,800
| -15% | -$7.96M |
|
1125
iShares MSCI China ETF
MCHI
$6.22B
| $42.5M | 0.01% |
781,563
-403,282
| -34% | -$20.8M |
|
Similar funds
Jeff Yass's Q1 2025 Portfolio in Review
As of Q1 2025, Jeff Yass held 13,842 positions worth $586B, down 12% from $663B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Brookfield Asset Management worth $86M.
- Jeff Yass's largest Q1 2025 buy was Brookfield Asset Management: 1,775,684 shares worth $86M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $4.05B increase.
- Jeff Yass's biggest Q1 2025 reduction was Invesco QQQ Trust, cutting an estimated $1.25B.
- Jeff Yass fully exited Inari Medical, Inc. Common Stock in Q1 2025, selling an estimated $24M.
- Jeff Yass's ten largest holdings make up 28% of its $586B portfolio in Q1 2025.
- Jeff Yass opened 1,775 new positions and closed 1,483 in Q1 2025.
- Jeff Yass's portfolio value fell 12% quarter-over-quarter to $586B.
Based on Susquehanna International Group's 13F filing for Q1 2025, filed 14 May 2025.