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 | |
|---|---|---|---|---|---|---|
101
PUT
Salesforce
CRM
$171B
| $1.08B | 0.15% |
3,972,100
-50,000
| -1% | -$13.4M |
|
102
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.08B | 0.15% |
20,632,100
+1,503,400
| +8% | +$74.4M |
|
103
CALL
Visa
V
$693B
| $1.08B | 0.15% |
3,042,100
+196,600
| +7% | +$68.5M |
|
104
CALL
Pinduoduo
PDD
$126B
| $1.06B | 0.15% |
10,157,000
+112,600
| +1% | +$11.8M |
|
105
CALL
Nike
NKE
$60.5B
| $1.05B | 0.15% |
14,781,600
+5,466,900
| +59% | +$328M |
|
|
106
CALL
Salesforce
CRM
$171B
| $1.04B | 0.14% |
3,806,200
+98,700
| +3% | +$26.4M |
|
107
PUT
Walmart Inc
WMT
$825B
| $1.03B | 0.14% |
10,523,300
-14,823,800
| -58% | -$1.41B |
|
|
108
iShares Russell 2000 ETF
IWM
$81.9B
| $1.02B | 0.14% |
4,730,511
-2,208,561
| -32% | -$444M |
|
109
PUT
Uber
UBER
$161B
| $1.02B | 0.14% |
10,914,100
+2,100
| +0% | +$173K |
|
|
110
Apple
AAPL
$4.51T
| $1.02B | 0.14% |
4,963,061
+3,366,378
| +211% | +$680M |
|
111
CALL
AbbVie
ABBV
$468B
| $983M | 0.14% |
5,294,700
+440,800
| +9% | +$81.9M |
|
112
PUT
lululemon athletica
LULU
$13.7B
| $980M | 0.14% |
4,126,500
+1,680,200
| +69% | +$463M |
|
113
CALL
Palo Alto Networks
PANW
$292B
| $975M | 0.14% |
4,762,400
+367,900
| +8% | +$68.3M |
|
114
CALL
Citigroup
C
$221B
| $971M | 0.13% |
11,405,300
-3,799,900
| -25% | -$275M |
|
|
CRWV
115
PUT
CoreWeave
CRWV
$48.5B
| $970M | 0.13% |
+5,949,800
| New | +$549M |
|
116
PUT
Adobe
ADBE
$109B
| $969M | 0.13% |
2,504,800
-133,600
| -5% | -$51.5M |
|
117
PUT
Applovin
APP
$102B
| $962M | 0.13% |
2,748,500
-1,862,900
| -40% | -$604M |
|
118
PUT
iShares Core S&P 500 ETF
IVV
$893B
| $939M | 0.13% |
1,513,000
+738,200
| +95% | +$424M |
|
119
CALL
ExxonMobil
XOM
$679B
| $938M | 0.13% |
8,697,700
-1,898,200
| -18% | -$203M |
|
120
CALL
Spotify
SPOT
$110B
| $937M | 0.13% |
1,221,000
-34,400
| -3% | -$22.1M |
|
121
PUT
Pfizer
PFE
$160B
| $933M | 0.13% |
38,485,500
+3,268,900
| +9% | +$76.2M |
|
122
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $926M | 0.13% |
2,101,000
-241,300
| -10% | -$100M |
|
123
CALL
GE Aerospace
GE
$361B
| $922M | 0.13% |
3,583,700
+1,828,000
| +104% | +$401M |
|
124
PUT
IBM
IBM
$222B
| $919M | 0.13% |
3,118,900
+808,700
| +35% | +$208M |
|
125
CALL
Snowflake
SNOW
$115B
| $919M | 0.13% |
4,107,700
-103,500
| -2% | -$18.7M |
|
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.