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 | |
|---|---|---|---|---|---|---|
12001
CALL
Companhia Siderúrgica Nacional
SID
$1.37B
| $68K | ﹤0.01% |
+48,600
| New | +$75.1K |
|
12002
ALX Oncology
ALXO
$274M
| $68K | ﹤0.01% |
163,813
+42,103
| +35% | +$21.2K |
|
12003
CALL
FTC Solar
FTCI
$37.8M
| $68K | ﹤0.01% |
+15,000
| New | +$54K |
|
12004
Sera Prognostics
SERA
$82.4M
| $67.7K | ﹤0.01% |
24,446
-13,253
| -35% | -$32.8K |
|
12005
CALL
Nerdy
NRDY
$88.3M
| $67.6K | ﹤0.01% |
2,767
+34
| +1% | +$814 |
|
12006
PUT
Pangaea Logistics
PANL
$519M
| $67.2K | ﹤0.01% |
+14,300
| New | +$63.5K |
|
12007
PUT
Ocean Power Technologies
OPTT
$49M
| $67.2K | ﹤0.01% |
142,900
+63,900
| +81% | +$30.3K |
|
12008
PUT
AirSculpt Technologies
AIRS
$196M
| $67.1K | ﹤0.01% |
+13,900
| New | +$47.2K |
|
|
ASPSZ
12009
Altisource Portfolio Solutions SA Cash Exercise Stakeholder Warrants
ASPSZ
$6.35M
| $67K | ﹤0.01% |
+131,413
| New | +$67.6K |
|
12010
PUT
Full House Resorts
FLL
$79.9M
| $67K | ﹤0.01% |
18,300
-30,300
| -62% | -$102K |
|
12011
Spruce Power Holding Corp
SPRU
$38.5M
| $66.4K | ﹤0.01% |
32,883
-47,208
| -59% | -$92.2K |
|
12012
PUT
SelectQuote
SLQT
$97.1M
| $66.2K | ﹤0.01% |
27,800
-352,000
| -93% | -$924K |
|
12013
X4 Pharmaceuticals
XFOR
$413M
| $66.2K | ﹤0.01% |
34,821
-22,258
| -39% | -$91.1K |
|
|
BDN
12014
CALL
Brandywine Realty Trust
BDN
$554M
| $66.1K | ﹤0.01% |
15,400
-62,600
| -80% | -$260K |
|
12015
FibroBiologics
FBLG
$9.39M
| $66K | ﹤0.01% |
5,305
+3,545
| +201% | +$63.9K |
|
12016
PUT
Five Point Holdings
FPH
$366M
| $66K | ﹤0.01% |
12,000
-17,500
| -59% | -$93.7K |
|
12017
PUT
Annexon
ANNX
$946M
| $65.8K | ﹤0.01% |
27,400
-3,500
| -11% | -$7.02K |
|
12018
T-Rex 2X Inverse Tesla Daily Target ETF
TSLZ
$28.8M
| $65.2K | ﹤0.01% |
1,976
-25,512
| -93% | -$1.21M |
|
12019
Cibus
CBUS
$128M
| $65.2K | ﹤0.01% |
47,213
+7,602
| +19% | +$15.5K |
|
12020
Ebang International Holdings
EBON
$13.9M
| $65.1K | ﹤0.01% |
19,741
+9,131
| +86% | +$33.1K |
|
|
TALK
12021
PUT
DELISTED
Talkspace
TALK
| $64.8K | ﹤0.01% |
23,300
-159,500
| -87% | -$470K |
|
|
BRSP
12022
PUT
BrightSpire Capital
BRSP
$606M
| $64.6K | ﹤0.01% |
12,800
-50,100
| -80% | -$253K |
|
|
SWZ
12023
Swiss Helvetia Fund
SWZ
$77.5M
| $64.6K | ﹤0.01% |
+10,189
| New | +$68.8K |
|
|
CLPR
12024
PUT
Clipper Realty
CLPR
$54.3M
| $64.6K | ﹤0.01% |
+17,600
| New | +$67.3K |
|
|
USARW
12025
DELISTED
USA Rare Earth Inc Warrant
USARW
| $64.3K | ﹤0.01% |
+27,031
| New | +$55.4K |
|
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.