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 | |
|---|---|---|---|---|---|---|
101
PUT
Nike
NKE
$60.5B
| $906M | 0.15% |
14,279,800
+3,252,800
| +29% | +$239M |
|
102
CALL
DoorDash
DASH
$96.8B
| $900M | 0.15% |
4,926,800
-591,100
| -11% | -$111M |
|
103
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $895M | 0.15% |
20,474,400
-407,700
| -2% | -$17.7M |
|
104
PUT
Pfizer
PFE
$160B
| $892M | 0.15% |
35,216,600
+6,237,700
| +22% | +$163M |
|
105
PUT
ServiceNow
NOW
$133B
| $879M | 0.15% |
5,519,500
+81,500
| +1% | +$15.7M |
|
106
CALL
Johnson & Johnson
JNJ
$651B
| $878M | 0.15% |
5,294,400
+1,525,000
| +40% | +$239M |
|
107
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $873M | 0.15% |
18,689,800
-3,857,000
| -17% | -$174M |
|
108
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $834M | 0.14% |
3,942,100
+546,900
| +16% | +$131M |
|
109
CALL
iShares Silver Trust
SLV
$33.8B
| $830M | 0.14% |
26,766,700
+130,300
| +0.5% | +$3.79M |
|
110
CALL
Home Depot
HD
$335B
| $813M | 0.14% |
2,217,200
-303,300
| -12% | -$118M |
|
111
PUT
Palo Alto Networks
PANW
$292B
| $807M | 0.14% |
4,728,200
-2,482,300
| -34% | -$459M |
|
112
CALL
Intel
INTC
$476B
| $802M | 0.14% |
35,320,700
+1,692,000
| +5% | +$37M |
|
113
PUT
Uber
UBER
$161B
| $795M | 0.14% |
10,912,000
-297,800
| -3% | -$21.5M |
|
114
PUT
Super Micro Computer
SMCI
$24.1B
| $790M | 0.13% |
23,078,300
-8,473,700
| -27% | -$322M |
|
115
PUT
Oracle
ORCL
$422B
| $780M | 0.13% |
5,576,800
+1,423,700
| +34% | +$232M |
|
|
116
CALL
Oracle
ORCL
$422B
| $773M | 0.13% |
5,525,800
+458,700
| +9% | +$74.7M |
|
117
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $764M | 0.13% |
9,688,700
-4,030,800
| -29% | -$320M |
|
118
CALL
IBM
IBM
$222B
| $751M | 0.13% |
3,019,200
-1,344,200
| -31% | -$329M |
|
|
119
CALL
Palo Alto Networks
PANW
$292B
| $750M | 0.13% |
4,394,500
-964,800
| -18% | -$178M |
|
120
CALL
Robinhood
HOOD
$97.2B
| $746M | 0.13% |
17,929,700
-1,258,800
| -7% | -$59.8M |
|
121
PUT
Spotify
SPOT
$110B
| $743M | 0.13% |
1,350,100
-254,000
| -16% | -$142M |
|
122
CALL
Carvana
CVNA
$76.9B
| $714M | 0.12% |
17,079,500
+336,000
| +2% | +$14.9M |
|
123
CALL
American Express
AXP
$227B
| $706M | 0.12% |
2,622,200
+663,500
| +34% | +$196M |
|
|
124
PUT
Robinhood
HOOD
$97.2B
| $704M | 0.12% |
16,916,400
+4,422,300
| +35% | +$210M |
|
125
PUT
Visa
V
$693B
| $702M | 0.12% |
2,002,000
+104,200
| +5% | +$35.3M |
|
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.