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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
CALL
Li Auto
LI
$12B
| $64M | 0.01% |
2,525,300
+1,800,600
| +248% | +$46.6M |
|
1177
PUT
United States Natural Gas Fund
UNG
$515M
| $63.7M | 0.01% |
4,873,000
+1,392,900
| +40% | +$18.7M |
|
1178
General Motors
GM
$75.3B
| $63.5M | 0.01% |
1,041,333
-1,223,522
| -54% | -$68.2M |
|
1179
PUT
Freshpet
FRPT
$3.62B
| $63.4M | 0.01% |
1,150,200
+854,500
| +289% | +$52.9M |
|
1180
PUT
Toronto Dominion Bank
TD
$197B
| $63.2M | 0.01% |
790,500
+91,700
| +13% | +$6.88M |
|
1181
CALL
Alcoa
AA
$13.5B
| $63M | 0.01% |
1,914,500
+49,400
| +3% | +$1.54M |
|
1182
CALL
Align Technology
ALGN
$11.3B
| $62.9M | 0.01% |
502,700
+212,900
| +73% | +$33.3M |
|
1183
CALL
Carlyle Group
CG
$17.4B
| $62.9M | 0.01% |
1,003,200
+452,100
| +82% | +$28.2M |
|
1184
PUT
Vail Resorts
MTN
$5.27B
| $62.8M | 0.01% |
420,000
+318,500
| +314% | +$49.4M |
|
1185
Rocket Companies
RKT
$40.5B
| $62.7M | 0.01% |
3,235,811
+1,488,537
| +85% | +$26M |
|
1186
CALL
Royal Gold
RGLD
$22.7B
| $62.7M | 0.01% |
312,500
+140,400
| +82% | +$24.3M |
|
1187
PUT
Eos Energy Enterprises
EOSE
$1.29B
| $62.6M | 0.01% |
5,492,500
+656,800
| +14% | +$4.49M |
|
1188
Caterpillar
CAT
$373B
| $62.5M | 0.01% |
131,044
-106,509
| -45% | -$45.5M |
|
1189
AT&T
T
$177B
| $62.5M | 0.01% |
2,211,913
+295,678
| +15% | +$8.4M |
|
1190
PUT
Microchip Technology
MCHP
$39.9B
| $62.4M | 0.01% |
971,100
-661,200
| -41% | -$44.8M |
|
1191
PUT
PennyMac Financial
PFSI
$3.85B
| $62.3M | 0.01% |
503,000
+178,400
| +55% | +$19.3M |
|
1192
PUT
Pan American Silver
PAAS
$22.5B
| $62.2M | 0.01% |
1,606,200
+582,000
| +57% | +$18.7M |
|
1193
CALL
Fluor
FLR
$6.86B
| $62.2M | 0.01% |
1,478,300
+903,600
| +157% | +$41.6M |
|
1194
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $62M | 0.01% |
524,100
-214,500
| -29% | -$23.8M |
|
1195
PUT
Ciena
CIEN
$54.9B
| $62M | 0.01% |
425,600
+221,800
| +109% | +$22.6M |
|
1196
PUT
Welltower
WELL
$174B
| $62M | 0.01% |
348,000
+184,100
| +112% | +$30.3M |
|
1197
PUT
ResMed
RMD
$34.1B
| $61.9M | 0.01% |
226,100
+45,000
| +25% | +$12.3M |
|
1198
CALL
Cardinal Health
CAH
$55.3B
| $61.9M | 0.01% |
394,300
-236,200
| -37% | -$36.5M |
|
1199
Biogen
BIIB
$32.6B
| $61.8M | 0.01% |
441,082
-153,017
| -26% | -$20.7M |
|
1200
Elevance Health
ELV
$86.5B
| $61.7M | 0.01% |
191,067
+52,193
| +38% | +$16.2M |
|
Similar funds
Jeff Yass's Q3 2025 Portfolio in Review
As of Q3 2025, Jeff Yass held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Jeff Yass's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Jeff Yass added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Jeff Yass's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Jeff Yass fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Jeff Yass's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Jeff Yass opened 1,794 new positions and closed 2,105 in Q3 2025.
- Jeff Yass's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.