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 | |
|---|---|---|---|---|---|---|
1551
CALL
Iron Mountain
IRM
$36B
| $24.8M | ﹤0.01% |
288,700
-80,900
| -22% | -$7.8M |
|
1552
CALL
Ralph Lauren
RL
$21.6B
| $24.8M | ﹤0.01% |
112,500
+38,500
| +52% | +$9.54M |
|
1553
PUT
AngloGold Ashanti
AU
$62.4B
| $24.8M | ﹤0.01% |
667,400
-784,400
| -54% | -$24.1M |
|
1554
PUT
Johnson Controls International
JCI
$85.9B
| $24.8M | ﹤0.01% |
309,000
+51,700
| +20% | +$4.25M |
|
|
NBIS
1555
Nebius Group N.V.
NBIS
$60.3B
| $24.8M | ﹤0.01% |
1,172,587
+78,354
| +7% | +$2.58M |
|
1556
Cencora
COR
$62.6B
| $24.7M | ﹤0.01% |
88,978
+4,098
| +5% | +$1.03M |
|
1557
PUT
Air Products & Chemicals
APD
$67.7B
| $24.7M | ﹤0.01% |
83,900
-102,300
| -55% | -$31.5M |
|
1558
PUT
Illinois Tool Works
ITW
$80.2B
| $24.7M | ﹤0.01% |
99,700
+80,200
| +411% | +$20.6M |
|
1559
Carvana
CVNA
$83.3B
| $24.7M | ﹤0.01% |
589,970
+251,215
| +74% | +$11.1M |
|
1560
CALL
Pultegroup
PHM
$24.9B
| $24.6M | ﹤0.01% |
239,000
-294,000
| -55% | -$31.8M |
|
1561
Dutch Bros
BROS
$7.05B
| $24.6M | ﹤0.01% |
397,897
+258,185
| +185% | +$17M |
|
1562
CALL
Teck Resources
TECK
$35.1B
| $24.5M | ﹤0.01% |
673,500
-175,100
| -21% | -$7.26M |
|
1563
Thermo Fisher Scientific
TMO
$232B
| $24.4M | ﹤0.01% |
49,121
-227,052
| -82% | -$123M |
|
1564
CALL
Republic Services
RSG
$67.7B
| $24.4M | ﹤0.01% |
100,900
+24,400
| +32% | +$5.47M |
|
1565
CALL
AMC Entertainment Holdings
AMC
$2.37B
| $24.4M | ﹤0.01% |
8,508,100
-4,708,500
| -36% | -$15.5M |
|
1566
PUT
Stellantis
STLA
$19.8B
| $24.4M | ﹤0.01% |
2,176,100
+522,500
| +32% | +$6.72M |
|
|
GRMN
1567
PUT
Garmin
GRMN
$55.6B
| $24.4M | ﹤0.01% |
112,300
+66,700
| +146% | +$14.4M |
|
1568
Tradeweb Markets
TW
$22.7B
| $24.4M | ﹤0.01% |
164,213
+58,229
| +55% | +$7.74M |
|
1569
PUT
MSC Industrial Direct
MSM
$6.61B
| $24.4M | ﹤0.01% |
313,800
+311,100
| +11,522% | +$24.9M |
|
1570
Kohl's
KSS
$2B
| $24.3M | ﹤0.01% |
2,976,068
+2,366,617
| +388% | +$27.5M |
|
1571
PUT
Royal Gold
RGLD
$22.7B
| $24.3M | ﹤0.01% |
148,600
-57,400
| -28% | -$8.42M |
|
1572
iShares TIPS Bond ETF
TIP
$15.1B
| $24.3M | ﹤0.01% |
218,643
+209,506
| +2,293% | +$22.8M |
|
1573
CALL
Vanguard Real Estate ETF
VNQ
$39.4B
| $24.2M | ﹤0.01% |
267,200
-8,700
| -3% | -$790K |
|
1574
PUT
VeriSign
VRSN
$26.6B
| $24.2M | ﹤0.01% |
95,200
+67,800
| +247% | +$15.4M |
|
1575
CALL
LPL Financial
LPLA
$28.5B
| $24.1M | ﹤0.01% |
73,800
-35,800
| -33% | -$12.5M |
|
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 1,482 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.