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 | |
|---|---|---|---|---|---|---|
126
PUT
Home Depot
HD
$335B
| $698M | 0.12% |
1,904,400
-613,200
| -24% | -$239M |
|
127
PUT
Mercado Libre
MELI
$97.5B
| $695M | 0.12% |
356,300
-90,500
| -20% | -$180M |
|
128
PUT
lululemon athletica
LULU
$13.7B
| $692M | 0.12% |
2,446,300
+668,300
| +38% | +$245M |
|
129
CALL
Spotify
SPOT
$110B
| $691M | 0.12% |
1,255,400
-99,900
| -7% | -$55.8M |
|
130
CALL
First Solar
FSLR
$23B
| $684M | 0.12% |
5,407,800
+1,607,200
| +42% | +$251M |
|
131
CALL
Pfizer
PFE
$160B
| $671M | 0.11% |
26,468,300
-4,468,000
| -14% | -$117M |
|
132
CALL
Qualcomm
QCOM
$169B
| $658M | 0.11% |
4,284,700
-993,800
| -19% | -$162M |
|
133
CALL
Wells Fargo
WFC
$254B
| $657M | 0.11% |
9,156,200
-918,900
| -9% | -$69M |
|
134
PUT
Vistra
VST
$45.7B
| $642M | 0.11% |
5,466,900
+3,001,100
| +122% | +$448M |
|
135
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $638M | 0.11% |
11,228,900
-4,106,600
| -27% | -$250M |
|
136
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $631M | 0.11% |
13,735,000
-243,000
| -2% | -$9.83M |
|
137
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $628M | 0.11% |
17,988,900
+2,605,100
| +17% | +$86.3M |
|
138
CALL
ASML
ASML
$677B
| $617M | 0.11% |
931,300
-637,300
| -41% | -$464M |
|
|
139
Meta Platforms (Facebook)
META
$1.4T
| $616M | 0.11% |
1,069,007
-885,984
| -45% | -$572M |
|
140
CALL
Snowflake
SNOW
$115B
| $616M | 0.11% |
4,211,200
-1,026,000
| -20% | -$174M |
|
|
141
PUT
First Solar
FSLR
$23B
| $604M | 0.1% |
4,776,600
+572,900
| +14% | +$89.5M |
|
142
PUT
Intel
INTC
$476B
| $603M | 0.1% |
26,546,600
+2,547,600
| +11% | +$55.7M |
|
143
CALL
Super Micro Computer
SMCI
$24.1B
| $603M | 0.1% |
17,601,300
-6,904,400
| -28% | -$262M |
|
144
CALL
PayPal
PYPL
$52.7B
| $600M | 0.1% |
9,187,900
-3,603,800
| -28% | -$281M |
|
145
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $598M | 0.1% |
3,452,700
+1,443,800
| +72% | +$257M |
|
146
PUT
Blackrock
BLK
$179B
| $594M | 0.1% |
627,100
+47,500
| +8% | +$46.6M |
|
147
CALL
Nike
NKE
$60.5B
| $591M | 0.1% |
9,314,700
-33,100
| -0.4% | -$2.44M |
|
148
CALL
Coca-Cola
KO
$392B
| $591M | 0.1% |
8,246,800
+2,472,900
| +43% | +$165M |
|
149
PUT
Chevron
CVX
$403B
| $588M | 0.1% |
3,513,700
-1,285,800
| -27% | -$201M |
|
150
CALL
Bank of America
BAC
$431B
| $587M | 0.1% |
14,073,500
+391,700
| +3% | +$17.5M |
|
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 1,483 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 1,483 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.