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 | |
|---|---|---|---|---|---|---|
126
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $914M | 0.13% |
1,471,500
-1,600,000
| -52% | -$919M |
|
127
CALL
Mercado Libre
MELI
$97.5B
| $894M | 0.12% |
341,900
+80,800
| +31% | +$189M |
|
128
PUT
Home Depot
HD
$335B
| $886M | 0.12% |
2,417,900
+513,500
| +27% | +$186M |
|
129
CALL
IBM
IBM
$222B
| $886M | 0.12% |
3,005,700
-13,500
| -0.4% | -$3.48M |
|
130
CALL
Walt Disney
DIS
$186B
| $884M | 0.12% |
7,131,600
+2,075,300
| +41% | +$216M |
|
131
PUT
Palo Alto Networks
PANW
$292B
| $884M | 0.12% |
4,319,700
-408,500
| -9% | -$75.9M |
|
|
132
CALL
Home Depot
HD
$335B
| $878M | 0.12% |
2,395,000
+177,800
| +8% | +$64.3M |
|
133
Palantir
PLTR
$432B
| $860M | 0.12% |
6,309,527
+2,246,974
| +55% | +$264M |
|
134
PUT
Arm
ARM
$260B
| $860M | 0.12% |
5,316,000
+579,300
| +12% | +$71.9M |
|
|
CRCL
135
PUT
Circle Internet Group
CRCL
$22.3B
| $849M | 0.12% |
+4,683,000
| New | +$763M |
|
136
CALL
ASML
ASML
$677B
| $848M | 0.12% |
1,058,700
+127,400
| +14% | +$91.4M |
|
137
PUT
Mastercard
MA
$509B
| $843M | 0.12% |
1,499,600
+466,400
| +45% | +$258M |
|
138
PUT
Wells Fargo
WFC
$254B
| $838M | 0.12% |
10,463,700
+3,183,900
| +44% | +$230M |
|
139
CALL
Walmart Inc
WMT
$825B
| $822M | 0.11% |
8,407,100
-3,927,200
| -32% | -$374M |
|
140
CALL
Super Micro Computer
SMCI
$24.1B
| $819M | 0.11% |
16,708,300
-893,000
| -5% | -$34.4M |
|
141
PUT
Intel
INTC
$476B
| $814M | 0.11% |
36,343,000
+9,796,400
| +37% | +$203M |
|
142
PUT
United States Oil Fund
USO
$2.24B
| $812M | 0.11% |
11,101,000
+7,230,400
| +187% | +$505M |
|
143
CALL
GE Vernova
GEV
$255B
| $809M | 0.11% |
1,528,800
-240,500
| -14% | -$100M |
|
144
CALL
Adobe
ADBE
$109B
| $790M | 0.11% |
2,041,500
-552,900
| -21% | -$213M |
|
145
CALL
Chevron
CVX
$403B
| $786M | 0.11% |
5,487,200
+14,600
| +0.3% | +$2.06M |
|
|
146
CALL
Intel
INTC
$476B
| $781M | 0.11% |
34,846,300
-474,400
| -1% | -$9.83M |
|
|
147
PUT
Walt Disney
DIS
$186B
| $773M | 0.11% |
6,230,800
+281,300
| +5% | +$29.2M |
|
|
148
PUT
Chevron
CVX
$403B
| $765M | 0.11% |
5,341,700
+1,828,000
| +52% | +$258M |
|
149
PUT
Carvana
CVNA
$76.9B
| $763M | 0.11% |
11,328,500
-2,490,500
| -18% | -$137M |
|
|
150
PUT
GE Vernova
GEV
$255B
| $760M | 0.11% |
1,436,000
+146,800
| +11% | +$61.1M |
|
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.