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 | |
|---|---|---|---|---|---|---|
11726
CALL
Riskified
RSKD
$788M
| $111K | ﹤0.01% |
22,200
-2,200
| -9% | -$10.5K |
|
|
PCK
11727
DELISTED
Pimco California Municipal Income Fund II
PCK
| $111K | ﹤0.01% |
+20,644
| New | +$112K |
|
11728
Journey Medical
DERM
$213M
| $110K | ﹤0.01% |
15,388
-41,951
| -73% | -$290K |
|
11729
Broadwind
BWEN
$104M
| $110K | ﹤0.01% |
61,019
+3,051
| +5% | +$5.15K |
|
11730
Invesco Trust for Investment Grade New York Municipals
VTN
$158M
| $110K | ﹤0.01% |
+10,564
| New | +$108K |
|
|
NIU
11731
CALL
Niu Technologies
NIU
$154M
| $110K | ﹤0.01% |
+32,800
| New | +$113K |
|
11732
CALL
Fate Therapeutics
FATE
$308M
| $110K | ﹤0.01% |
+98,300
| New | +$114K |
|
11733
CALL
Douglas Elliman
DOUG
$171M
| $110K | ﹤0.01% |
47,400
-2,700
| -5% | -$5.77K |
|
|
AFB
11734
AllianceBernstein National Municipal Income Fund
AFB
$314M
| $110K | ﹤0.01% |
+10,663
| New | +$110K |
|
11735
Traeger
COOK
$159M
| $110K | ﹤0.01% |
1,286
+248
| +24% | +$19.1K |
|
11736
PUT
Sypris Solutions
SYPR
$40.3M
| $110K | ﹤0.01% |
49,700
+38,500
| +344% | +$69.2K |
|
11737
PUT
InfuSystem Holdings
INFU
$240M
| $110K | ﹤0.01% |
+17,600
| New | +$97.2K |
|
11738
PUT
Prairie Operating Co
PROP
$59.3M
| $110K | ﹤0.01% |
36,600
+12,200
| +50% | +$48.8K |
|
|
NHS
11739
Neuberger High Yield Strategies Fund Inc
NHS
$249M
| $110K | ﹤0.01% |
+14,479
| New | +$108K |
|
11740
PUT
Corvus Pharmaceuticals
CRVS
$1.24B
| $110K | ﹤0.01% |
27,400
-65,800
| -71% | -$239K |
|
11741
Companhia Siderúrgica Nacional
SID
$1.37B
| $109K | ﹤0.01% |
78,155
-624,047
| -89% | -$964K |
|
11742
Westwater Resources
WWR
$78.1M
| $109K | ﹤0.01% |
181,437
-8,860
| -5% | -$4.66K |
|
11743
Oramed Pharmaceuticals
ORMP
$222M
| $109K | ﹤0.01% |
48,428
-51,768
| -52% | -$114K |
|
11744
CALL
Heartland Express
HTLD
$964M
| $109K | ﹤0.01% |
+12,600
| New | +$108K |
|
11745
PUT
Viavi Solutions
VIAV
$9.57B
| $109K | ﹤0.01% |
10,800
-19,500
| -64% | -$188K |
|
11746
CALL
Ribbon Communications
RBBN
$363M
| $109K | ﹤0.01% |
27,100
+4,100
| +18% | +$14.8K |
|
11747
CALL
UNIFI
UFI
$140M
| $109K | ﹤0.01% |
20,800
+1,300
| +7% | +$6.4K |
|
|
LEO
11748
BNY Mellon Strategic Municipals
LEO
$387M
| $108K | ﹤0.01% |
18,311
+4,461
| +32% | +$26.1K |
|
11749
Goldgroup Mining
GORO
$480M
| $108K | ﹤0.01% |
177,663
-147,132
| -45% | -$80K |
|
11750
CALL
Veritone
VERI
$80.5M
| $108K | ﹤0.01% |
86,000
-123,900
| -59% | -$225K |
|
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.