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 | |
|---|---|---|---|---|---|---|
1476
CALL
Ormat Technologies
ORA
$6.53B
| $34.2M | ﹤0.01% |
408,900
+214,400
| +110% | +$16M |
|
1477
CALL
argenx
ARGX
$63.8B
| $34.2M | ﹤0.01% |
62,100
-10,700
| -15% | -$6.21M |
|
1478
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $34.2M | ﹤0.01% |
77,654
-101,690
| -57% | -$42.2M |
|
1479
PUT
Northern Trust
NTRS
$34.2B
| $34.2M | ﹤0.01% |
269,800
+217,000
| +411% | +$22.2M |
|
1480
CALL
Royal Bank of Canada
RY
$288B
| $34.2M | ﹤0.01% |
259,900
+19,500
| +8% | +$2.39M |
|
1481
Advance Auto Parts
AAP
$2.63B
| $34.2M | ﹤0.01% |
735,385
-184,668
| -20% | -$7.4M |
|
|
SWTX
1482
PUT
DELISTED
SpringWorks Therapeutics
SWTX
| $34.1M | ﹤0.01% |
726,700
-237,400
| -25% | -$10.6M |
|
|
GRMN
1483
PUT
Garmin
GRMN
$55.6B
| $34.1M | ﹤0.01% |
163,500
+51,200
| +46% | +$10.2M |
|
1484
PUT
Fluor
FLR
$6.86B
| $34.1M | ﹤0.01% |
665,400
-436,200
| -40% | -$17.4M |
|
1485
CALL
Albertsons Companies
ACI
$6.01B
| $34.1M | ﹤0.01% |
1,585,900
-575,900
| -27% | -$12.5M |
|
1486
Riot Platforms
RIOT
$7.99B
| $34.1M | ﹤0.01% |
3,018,228
+594,620
| +25% | +$5.06M |
|
1487
Bilibili
BILI
$6.93B
| $34.1M | ﹤0.01% |
1,588,107
+357,665
| +29% | +$6.58M |
|
1488
CALL
2x Long VIX Futures ETF
UVIX
$220M
| $34M | ﹤0.01% |
75,850
-2,800
| -4% | -$2.15M |
|
1489
PUT
Akamai
AKAM
$15.2B
| $34M | ﹤0.01% |
426,700
-271,400
| -39% | -$21.1M |
|
1490
PUT
STMicroelectronics
STM
$44.1B
| $34M | ﹤0.01% |
1,119,100
-708,900
| -39% | -$17.6M |
|
|
CMA
1491
PUT
DELISTED
Comerica
CMA
| $34M | ﹤0.01% |
570,100
+72,000
| +14% | +$4.02M |
|
1492
Cencora
COR
$62.6B
| $34M | ﹤0.01% |
113,335
+24,357
| +27% | +$7.02M |
|
1493
CALL
Toronto Dominion Bank
TD
$197B
| $34M | ﹤0.01% |
462,600
-46,100
| -9% | -$3.01M |
|
1494
PUT
Emcor
EME
$32.6B
| $34M | ﹤0.01% |
63,500
-300
| -0.5% | -$132K |
|
1495
Clorox
CLX
$12.7B
| $33.9M | ﹤0.01% |
282,555
+112,372
| +66% | +$15M |
|
1496
PUT
Leidos
LDOS
$16.9B
| $33.9M | ﹤0.01% |
215,000
+125,200
| +139% | +$18.5M |
|
1497
CALL
Enovix
ENVX
$742M
| $33.8M | ﹤0.01% |
3,736,229
-314,742
| -8% | -$2.05M |
|
1498
PUT
CF Industries
CF
$19.3B
| $33.7M | ﹤0.01% |
366,800
+22,700
| +7% | +$1.93M |
|
1499
Cognizant
CTSH
$28.4B
| $33.7M | ﹤0.01% |
432,056
+39,135
| +10% | +$3M |
|
1500
PUT
Crown Castle
CCI
$32.5B
| $33.7M | ﹤0.01% |
327,800
+20,600
| +7% | +$2.08M |
|
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.