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 | |
|---|---|---|---|---|---|---|
1351
CALL
Western Alliance Bancorporation
WAL
$8.69B
| $31.3M | 0.01% |
406,900
-246,100
| -38% | -$20.7M |
|
1352
Cleveland-Cliffs
CLF
$6.57B
| $31.2M | 0.01% |
3,799,729
+1,051,096
| +38% | +$10.7M |
|
1353
PUT
Franco-Nevada
FNV
$52.4B
| $31.2M | 0.01% |
198,200
+57,100
| +40% | +$7.99M |
|
1354
PUT
Madrigal Pharmaceuticals
MDGL
$11.8B
| $31.2M | 0.01% |
94,200
-118,000
| -56% | -$38.8M |
|
1355
CALL
BILL Holdings
BILL
$4.75B
| $31.2M | 0.01% |
679,700
-198,000
| -23% | -$13.3M |
|
1356
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $31.2M | 0.01% |
113,464
+92,328
| +437% | +$26.8M |
|
1357
PUT
LyondellBasell Industries
LYB
$20.2B
| $31.2M | 0.01% |
442,900
+3,600
| +0.8% | +$271K |
|
1358
Teradyne
TER
$57.3B
| $31.1M | 0.01% |
376,099
+234,322
| +165% | +$26.2M |
|
1359
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$294M
| $31M | 0.01% |
922,200
-324,700
| -26% | -$11.5M |
|
1360
PUT
Kenvue
KVUE
$37.1B
| $31M | 0.01% |
1,292,300
+279,700
| +28% | +$6.19M |
|
1361
CALL
iShares Gold Trust
IAU
$69.2B
| $31M | 0.01% |
525,500
-614,800
| -54% | -$33.3M |
|
|
JNPR
1362
PUT
DELISTED
Juniper Networks
JNPR
| $30.9M | 0.01% |
854,100
+508,500
| +147% | +$18.6M |
|
1363
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$135M
| $30.9M | 0.01% |
599,649
+536,578
| +851% | +$24.8M |
|
|
VRNA
1364
PUT
DELISTED
Verona Pharma
VRNA
| $30.9M | 0.01% |
486,100
+355,100
| +271% | +$21.2M |
|
1365
CALL
Duolingo
DUOL
$6.83B
| $30.7M | 0.01% |
98,900
-56,900
| -37% | -$19.5M |
|
1366
CALL
BioNTech
BNTX
$28.6B
| $30.7M | 0.01% |
337,100
-114,100
| -25% | -$12.8M |
|
1367
Verizon
VZ
$209B
| $30.7M | 0.01% |
676,307
-2,276,229
| -77% | -$94.8M |
|
1368
CALL
Generac Holdings
GNRC
$11.9B
| $30.7M | 0.01% |
242,100
-96,400
| -28% | -$13.8M |
|
1369
PNC Financial Services
PNC
$97.4B
| $30.6M | 0.01% |
174,322
+20,054
| +13% | +$3.79M |
|
1370
CALL
Globalstar
GSAT
$10.6B
| $30.6M | 0.01% |
1,466,100
+1,346,287
| +1,124% | +$32.6M |
|
1371
PUT
EPAM Systems
EPAM
$5.77B
| $30.5M | 0.01% |
180,900
+45,300
| +33% | +$9.99M |
|
|
1372
PUT
Duolingo
DUOL
$6.83B
| $30.5M | 0.01% |
98,300
+37,700
| +62% | +$12.9M |
|
1373
CALL
Toronto Dominion Bank
TD
$197B
| $30.5M | 0.01% |
508,700
-325,500
| -39% | -$19M |
|
1374
Hilton Worldwide
HLT
$74.1B
| $30.5M | 0.01% |
133,969
-161,778
| -55% | -$40.3M |
|
1375
PUT
SiriusXM
SIRI
$9.68B
| $30.5M | 0.01% |
1,351,400
-1,114,800
| -45% | -$26.3M |
|
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 1,482 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 1,482 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.