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 | |
|---|---|---|---|---|---|---|
1176
PUT
Norwegian Cruise Line
NCLH
$7.99B
| $49.8M | 0.01% |
2,457,100
-514,200
| -17% | -$9.2M |
|
1177
CALL
Aon
AON
$75.8B
| $49.8M | 0.01% |
139,500
-166,300
| -54% | -$60.3M |
|
|
BNY
1178
PUT
Bank of New York Mellon
BNY
$109B
| $49.7M | 0.01% |
545,500
+21,100
| +4% | +$1.79M |
|
1179
CALL
Cboe Global Markets
CBOE
$31.8B
| $49.6M | 0.01% |
212,500
-71,800
| -25% | -$16M |
|
1180
PUT
Allstate
ALL
$65.6B
| $49.5M | 0.01% |
245,800
-94,000
| -28% | -$18.8M |
|
1181
PUT
United Therapeutics
UTHR
$22.1B
| $49.5M | 0.01% |
172,200
+146,900
| +581% | +$43.9M |
|
1182
PUT
Cintas
CTAS
$82.6B
| $49.5M | 0.01% |
221,900
+32,600
| +17% | +$7.02M |
|
1183
PUT
TotalEnergies
TTE
$196B
| $49.4M | 0.01% |
805,100
+74,000
| +10% | +$4.39M |
|
1184
PUT
HSBC
HSBC
$354B
| $49.4M | 0.01% |
812,200
| – | – |
|
1185
CALL
SoundHound AI
SOUN
$3.12B
| $49.3M | 0.01% |
4,598,700
-938,500
| -17% | -$8.84M |
|
1186
CALL
Duolingo
DUOL
$6.82B
| $49.2M | 0.01% |
120,100
+21,200
| +21% | +$9.3M |
|
1187
CALL
American International
AIG
$40.5B
| $49.2M | 0.01% |
575,100
-43,100
| -7% | -$3.59M |
|
1188
CALL
BWX Technologies
BWXT
$13.9B
| $49.2M | 0.01% |
341,600
+199,800
| +141% | +$23.3M |
|
1189
PUT
Truist Financial
TFC
$62B
| $49.2M | 0.01% |
1,144,700
-382,000
| -25% | -$14.9M |
|
1190
PUT
Viking Therapeutics
VKTX
$3.9B
| $48.9M | 0.01% |
1,845,300
+111,300
| +6% | +$2.93M |
|
1191
CALL
Rockwell Automation
ROK
$48B
| $48.9M | 0.01% |
147,200
-4,700
| -3% | -$1.34M |
|
1192
Verizon
VZ
$208B
| $48.8M | 0.01% |
1,128,360
+452,053
| +67% | +$19.6M |
|
1193
PUT
Galicia Financial Group
GGAL
$6.96B
| $48.8M | 0.01% |
968,000
-75,900
| -7% | -$4.35M |
|
1194
PUT
Motorola Solutions
MSI
$79.9B
| $48.8M | 0.01% |
116,000
+92,600
| +396% | +$38.7M |
|
1195
CALL
Darling Ingredients
DAR
$9.55B
| $48.5M | 0.01% |
1,278,800
+1,042,300
| +441% | +$34.3M |
|
|
TTAN
1196
CALL
ServiceTitan Inc
TTAN
$9.04B
| $48.5M | 0.01% |
452,100
+426,900
| +1,694% | +$47.7M |
|
1197
CALL
Welltower
WELL
$173B
| $48.3M | 0.01% |
314,500
-113,600
| -27% | -$17M |
|
1198
CALL
General Mills
GIS
$21.8B
| $48.3M | 0.01% |
932,000
+284,200
| +44% | +$15.7M |
|
1199
CALL
Texas Pacific Land
TPL
$25.4B
| $48.3M | 0.01% |
137,100
+42,000
| +44% | +$17.2M |
|
1200
Sherwin-Williams
SHW
$84.7B
| $48.3M | 0.01% |
140,550
-30,766
| -18% | -$10.7M |
|
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.