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 | |
|---|---|---|---|---|---|---|
1226
CALL
BJs Wholesale Club
BJ
$12.3B
| $46.1M | 0.01% |
427,300
+4,100
| +1% | +$467K |
|
1227
CALL
Five Below
FIVE
$14.3B
| $46M | 0.01% |
351,000
-46,400
| -12% | -$4.52M |
|
1228
PUT
Republic Services
RSG
$68.5B
| $46M | 0.01% |
186,600
+138,600
| +289% | +$34.3M |
|
|
NBIS
1229
Nebius Group N.V.
NBIS
$59.1B
| $46M | 0.01% |
830,844
-341,743
| -29% | -$11.8M |
|
1230
CALL
Root
ROOT
$879M
| $46M | 0.01% |
359,100
+124,400
| +53% | +$16.8M |
|
1231
CALL
Abercrombie & Fitch
ANF
$4.91B
| $45.9M | 0.01% |
554,600
+226,500
| +69% | +$17.2M |
|
1232
PUT
Yum! Brands
YUM
$42.7B
| $45.9M | 0.01% |
309,700
-41,200
| -12% | -$6.02M |
|
1233
Rio Tinto
RIO
$172B
| $45.8M | 0.01% |
786,029
+558,072
| +245% | +$33M |
|
1234
PUT
Carrier Global
CARR
$48.7B
| $45.7M | 0.01% |
624,700
+451,700
| +261% | +$30.6M |
|
1235
CALL
Norfolk Southern
NSC
$79.3B
| $45.5M | 0.01% |
177,900
+136,300
| +328% | +$32.1M |
|
1236
CALL
Citizens Financial Group
CFG
$29.4B
| $45.3M | 0.01% |
1,013,200
+491,700
| +94% | +$19.4M |
|
1237
CALL
Akamai
AKAM
$15.2B
| $45.2M | 0.01% |
567,100
-596,700
| -51% | -$46.4M |
|
1238
iShares MSCI South Korea ETF
EWY
$27.7B
| $45.2M | 0.01% |
630,029
+40,092
| +7% | +$2.4M |
|
1239
Devon Energy
DVN
$52B
| $45.1M | 0.01% |
1,419,211
+834,980
| +143% | +$26.6M |
|
1240
CALL
Schwab US Dividend Equity ETF
SCHD
$112B
| $45.1M | 0.01% |
1,702,200
+99,100
| +6% | +$2.59M |
|
1241
iShares ESG Aware MSCI EAFE ETF
ESGD
$12.3B
| $45M | 0.01% |
503,922
+496,786
| +6,962% | +$42.4M |
|
|
SPYM
1242
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $44.7M | 0.01% |
615,200
+332,300
| +117% | +$22.3M |
|
1243
Hecla Mining
HL
$13.8B
| $44.6M | 0.01% |
7,452,394
+159,153
| +2% | +$878K |
|
1244
PUT
Hewlett Packard
HPE
$71.2B
| $44.4M | 0.01% |
2,172,900
+560,400
| +35% | +$9.39M |
|
1245
CALL
Digital Realty Trust
DLR
$71.2B
| $44.4M | 0.01% |
254,700
-626,100
| -71% | -$102M |
|
1246
CALL
StoneCo
STNE
$2.22B
| $44.3M | 0.01% |
2,764,300
-344,900
| -11% | -$4.6M |
|
1247
3M
MMM
$93.1B
| $44.3M | 0.01% |
291,042
+65,195
| +29% | +$9.32M |
|
1248
Gilead Sciences
GILD
$183B
| $44.2M | 0.01% |
399,112
+238,646
| +149% | +$25.4M |
|
1249
CALL
Groupon
GRPN
$804M
| $44.2M | 0.01% |
1,321,600
-166,500
| -11% | -$4.25M |
|
1250
CALL
Norwegian Cruise Line
NCLH
$7.94B
| $44.1M | 0.01% |
2,174,900
-413,100
| -16% | -$7.39M |
|
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.