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 | |
|---|---|---|---|---|---|---|
1251
CALL
Clorox
CLX
$12.8B
| $44.1M | 0.01% |
367,300
-92,900
| -20% | -$12.4M |
|
1252
Vanguard Morningstar Total Stock Market ETF
VTI
$683B
| $44M | 0.01% |
144,800
+31,336
| +28% | +$8.81M |
|
1253
Roku
ROKU
$23.5B
| $44M | 0.01% |
500,220
+447,308
| +845% | +$31.3M |
|
1254
CALL
Arthur J. Gallagher & Co
AJG
$69.4B
| $43.9M | 0.01% |
137,100
-43,300
| -24% | -$14.3M |
|
1255
CALL
GitLab
GTLB
$6.99B
| $43.8M | 0.01% |
970,500
-215,500
| -18% | -$9.85M |
|
1256
CALL
Snap
SNAP
$9.57B
| $43.8M | 0.01% |
5,035,700
-138,800
| -3% | -$1.15M |
|
1257
CALL
CoStar Group
CSGP
$13.3B
| $43.7M | 0.01% |
543,500
-185,900
| -25% | -$14.5M |
|
1258
CALL
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$730M
| $43.6M | 0.01% |
766,500
+395,700
| +107% | +$21M |
|
1259
PUT
Generac Holdings
GNRC
$12B
| $43.6M | 0.01% |
304,500
-84,600
| -22% | -$10.3M |
|
1260
Apollo Global Management
APO
$77.8B
| $43.5M | 0.01% |
306,587
+214,720
| +234% | +$28.5M |
|
1261
TG Therapeutics
TGTX
$8.58B
| $43.5M | 0.01% |
1,208,154
+548,494
| +83% | +$20.4M |
|
1262
PUT
Martin Marietta Materials
MLM
$38B
| $43.5M | 0.01% |
79,200
+44,100
| +126% | +$23.3M |
|
1263
CALL
IQVIA
IQV
$42.8B
| $43.3M | 0.01% |
274,900
+240,500
| +699% | +$36.2M |
|
1264
British American Tobacco
BTI
$121B
| $43.2M | 0.01% |
912,840
+388,410
| +74% | +$17.2M |
|
|
ANSS
1265
PUT
DELISTED
Ansys
ANSS
| $43.2M | 0.01% |
122,900
+23,900
| +24% | +$7.83M |
|
1266
Cadence Design Systems
CDNS
$90.3B
| $43.2M | 0.01% |
140,065
+86,387
| +161% | +$25.1M |
|
|
1267
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$683B
| $43.2M | 0.01% |
142,000
-39,600
| -22% | -$11.1M |
|
|
XYZ
1268
Block Inc
XYZ
$49.3B
| $43.1M | 0.01% |
634,503
-184,242
| -23% | -$10.7M |
|
1269
PUT
SoundHound AI
SOUN
$3.14B
| $43M | 0.01% |
4,007,600
-1,577,400
| -28% | -$14.9M |
|
1270
CALL
Travelers Companies
TRV
$76.6B
| $43M | 0.01% |
160,700
-3,600
| -2% | -$949K |
|
1271
CALL
Dycom Industries
DY
$11.3B
| $43M | 0.01% |
175,900
+157,600
| +861% | +$31M |
|
1272
PNC Financial Services
PNC
$97B
| $43M | 0.01% |
230,484
+56,162
| +32% | +$9.5M |
|
1273
PUT
Vanguard Real Estate ETF
VNQ
$39.4B
| $42.9M | 0.01% |
482,000
+195,300
| +68% | +$17.2M |
|
1274
PUT
Cencora
COR
$62.1B
| $42.9M | 0.01% |
143,100
-79,100
| -36% | -$22.8M |
|
1275
PUT
Groupon
GRPN
$804M
| $42.8M | 0.01% |
1,280,900
+42,700
| +3% | +$1.09M |
|
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.