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 | |
|---|---|---|---|---|---|---|
1601
Madrigal Pharmaceuticals
MDGL
$11.8B
| $30.4M | ﹤0.01% |
100,322
-42,321
| -30% | -$12.6M |
|
1602
Warner Bros
WBD
$72.5B
| $30.3M | ﹤0.01% |
2,640,663
+673,599
| +34% | +$6.28M |
|
1603
CALL
CarMax
KMX
$9.11B
| $30.2M | ﹤0.01% |
449,800
-209,700
| -32% | -$14.1M |
|
1604
CALL
Illinois Tool Works
ITW
$80.2B
| $30.2M | ﹤0.01% |
122,200
-200,200
| -62% | -$48.4M |
|
1605
CALL
Toll Brothers
TOL
$13.9B
| $30.2M | ﹤0.01% |
264,700
+98,700
| +59% | +$10.2M |
|
1606
Reddit
RDDT
$31.3B
| $30.1M | ﹤0.01% |
200,234
-307,072
| -61% | -$34.8M |
|
1607
CALL
iShares MSCI China ETF
MCHI
$6.24B
| $30.1M | ﹤0.01% |
546,500
-688,200
| -56% | -$36.5M |
|
|
MRSH
1608
Marsh
MRSH
$92.3B
| $30.1M | ﹤0.01% |
137,696
+97,607
| +243% | +$22M |
|
|
P
1609
Everpure Inc
P
$33.4B
| $30.1M | ﹤0.01% |
522,461
+507,490
| +3,390% | +$25.3M |
|
1610
CALL
United Therapeutics
UTHR
$22.2B
| $30M | ﹤0.01% |
104,400
+71,300
| +215% | +$21.3M |
|
1611
Norfolk Southern
NSC
$78.9B
| $30M | ﹤0.01% |
117,146
+90,142
| +334% | +$21.3M |
|
1612
CALL
HDFC Bank
HDB
$121B
| $30M | ﹤0.01% |
781,800
+330,200
| +73% | +$12M |
|
1613
PUT
Match Group
MTCH
$9.68B
| $29.9M | ﹤0.01% |
969,500
-642,700
| -40% | -$19.2M |
|
1614
Carpenter Technology
CRS
$24.1B
| $29.9M | ﹤0.01% |
108,339
+17,046
| +19% | +$3.72M |
|
1615
Vanguard S&P 500 ETF
VOO
$1.02T
| $29.9M | ﹤0.01% |
52,614
-21,834
| -29% | -$11.5M |
|
1616
Sun Communities
SUI
$15.3B
| $29.9M | ﹤0.01% |
236,021
-47,086
| -17% | -$5.84M |
|
1617
CALL
Edison International
EIX
$28.8B
| $29.8M | ﹤0.01% |
577,900
+181,700
| +46% | +$9.96M |
|
|
TEM
1618
Tempus AI
TEM
$12.4B
| $29.8M | ﹤0.01% |
469,108
-965,442
| -67% | -$55.4M |
|
1619
HEICO Corp Class A
HEI.A
$35.9B
| $29.7M | ﹤0.01% |
114,941
+2,781
| +2% | +$609K |
|
1620
Workday
WDAY
$48B
| $29.7M | ﹤0.01% |
123,855
+31,183
| +34% | +$7.6M |
|
1621
PUT
APA Corp
APA
$14.5B
| $29.7M | ﹤0.01% |
1,623,000
+102,700
| +7% | +$1.78M |
|
1622
Align Technology
ALGN
$11.3B
| $29.7M | ﹤0.01% |
156,727
-22,825
| -13% | -$4.03M |
|
1623
CALL
Moody's
MCO
$88.9B
| $29.6M | ﹤0.01% |
59,000
-1,600
| -3% | -$741K |
|
1624
PUT
CoStar Group
CSGP
$13.3B
| $29.5M | ﹤0.01% |
366,900
-31,100
| -8% | -$2.42M |
|
1625
Gold Fields
GFI
$43.5B
| $29.5M | ﹤0.01% |
1,245,003
+166,714
| +15% | +$3.83M |
|
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.