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 | |
|---|---|---|---|---|---|---|
1401
Toyota
TM
$228B
| $29.6M | 0.01% |
167,422
+118,452
| +242% | +$22M |
|
1402
PUT
Travelers Companies
TRV
$77.1B
| $29.5M | 0.01% |
111,500
+54,700
| +96% | +$13.6M |
|
|
CMA
1403
PUT
DELISTED
Comerica
CMA
| $29.4M | 0.01% |
498,100
-276,300
| -36% | -$17.4M |
|
1404
CALL
Teradyne
TER
$57.3B
| $29.4M | 0.01% |
355,400
-46,500
| -12% | -$5.2M |
|
1405
Fidelity High Dividend ETF
FDVV
$10.4B
| $29.3M | 0.01% |
590,905
+127,301
| +27% | +$6.44M |
|
1406
PUT
Cboe Global Markets
CBOE
$32.3B
| $29.3M | 0.01% |
129,500
-108,800
| -46% | -$22.6M |
|
1407
CALL
Sprouts Farmers Market
SFM
$8.01B
| $29.3M | 0.01% |
191,800
+15,000
| +8% | +$2.24M |
|
1408
CALL
Entergy
ETR
$49.6B
| $29.2M | 0.01% |
341,700
+123,700
| +57% | +$10.2M |
|
|
MRSH
1409
PUT
Marsh
MRSH
$92.3B
| $29.2M | 0.01% |
119,700
-43,200
| -27% | -$9.8M |
|
1410
Booz Allen Hamilton
BAH
$8.88B
| $29.2M | 0.01% |
278,852
+143,477
| +106% | +$17.3M |
|
1411
CALL
Sarepta Therapeutics
SRPT
$2B
| $29.1M | 0.01% |
456,600
-11,300
| -2% | -$1.19M |
|
1412
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $29.1M | 0.01% |
301,900
-358,400
| -54% | -$35.8M |
|
1413
CALL
Leidos
LDOS
$16.9B
| $29.1M | 0.01% |
215,500
-30,500
| -12% | -$4.26M |
|
1414
PUT
Axsome Therapeutics
AXSM
$10.8B
| $29M | ﹤0.01% |
248,600
-142,400
| -36% | -$16.2M |
|
|
GRMN
1415
CALL
Garmin
GRMN
$55.6B
| $28.9M | ﹤0.01% |
133,300
-53,900
| -29% | -$11.7M |
|
1416
CALL
Illumina
ILMN
$34B
| $28.9M | ﹤0.01% |
364,500
-272,400
| -43% | -$29.5M |
|
1417
PUT
Vista Energy
VIST
$7.57B
| $28.9M | ﹤0.01% |
620,100
+402,400
| +185% | +$20.8M |
|
1418
VanEck Semiconductor ETF
SMH
$65.9B
| $28.9M | ﹤0.01% |
136,499
-110,634
| -45% | -$26.5M |
|
1419
PUT
argenx
ARGX
$63.8B
| $28.8M | ﹤0.01% |
48,700
-21,900
| -31% | -$13.8M |
|
1420
PUT
CarMax
KMX
$9.11B
| $28.8M | ﹤0.01% |
369,800
-100,600
| -21% | -$8.06M |
|
1421
PUT
AB InBev
BUD
$155B
| $28.8M | ﹤0.01% |
467,100
-13,600
| -3% | -$744K |
|
1422
CALL
Archer Daniels Midland
ADM
$38.2B
| $28.7M | ﹤0.01% |
598,600
-472,300
| -44% | -$22.8M |
|
1423
CALL
VICI Properties
VICI
$28.9B
| $28.7M | ﹤0.01% |
880,800
+370,500
| +73% | +$11.4M |
|
1424
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $28.6M | ﹤0.01% |
316,023
+37,331
| +13% | +$3.38M |
|
1425
Bentley Systems
BSY
$11.1B
| $28.6M | ﹤0.01% |
727,155
+39,466
| +6% | +$1.76M |
|
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.