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 | |
|---|---|---|---|---|---|---|
151
PUT
Walt Disney
DIS
$186B
| $587M | 0.1% |
5,949,500
+1,062,600
| +22% | +$114M |
|
|
152
CALL
iShares Bitcoin Trust
IBIT
$57.7B
| $581M | 0.1% |
12,403,900
-4,552,900
| -27% | -$241M |
|
153
PUT
Carvana
CVNA
$76.9B
| $578M | 0.1% |
13,819,000
-3,013,500
| -18% | -$133M |
|
154
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $577M | 0.1% |
12,541,200
-11,137,100
| -47% | -$450M |
|
155
PUT
IBM
IBM
$222B
| $574M | 0.1% |
2,310,200
-201,700
| -8% | -$49.3M |
|
156
PUT
Mastercard
MA
$509B
| $566M | 0.1% |
1,033,200
+48,200
| +5% | +$26.2M |
|
157
PUT
Johnson & Johnson
JNJ
$651B
| $563M | 0.1% |
3,395,700
+904,500
| +36% | +$142M |
|
158
CALL
McDonald's
MCD
$192B
| $557M | 0.1% |
1,781,700
-1,270,300
| -42% | -$380M |
|
159
CALL
Merck
MRK
$376B
| $557M | 0.1% |
6,200,200
+2,369,500
| +62% | +$221M |
|
|
160
CALL
Mastercard
MA
$509B
| $555M | 0.09% |
1,013,100
-326,300
| -24% | -$178M |
|
161
CALL
AT&T
T
$173B
| $551M | 0.09% |
19,499,500
+3,479,900
| +22% | +$87.5M |
|
162
PUT
Qualcomm
QCOM
$169B
| $542M | 0.09% |
3,526,600
-2,973,000
| -46% | -$485M |
|
163
CALL
GE Vernova
GEV
$255B
| $540M | 0.09% |
1,769,300
+699,600
| +65% | +$244M |
|
164
PUT
Snowflake
SNOW
$115B
| $534M | 0.09% |
3,651,700
+96,000
| +3% | +$16.3M |
|
|
165
TSMC
TSM
$2.17T
| $529M | 0.09% |
3,188,484
+3,108,423
| +3,883% | +$604M |
|
166
CALL
Amgen
AMGN
$238B
| $527M | 0.09% |
1,691,800
+658,100
| +64% | +$194M |
|
167
CALL
Caterpillar
CAT
$381B
| $523M | 0.09% |
1,587,200
+549,200
| +53% | +$196M |
|
168
PUT
Wells Fargo
WFC
$254B
| $523M | 0.09% |
7,279,800
-927,300
| -11% | -$69.6M |
|
169
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $520M | 0.09% |
18,161,200
-5,558,000
| -23% | -$211M |
|
170
PUT
AbbVie
ABBV
$468B
| $513M | 0.09% |
2,446,300
-148,800
| -6% | -$28.9M |
|
171
CALL
Mercado Libre
MELI
$97.5B
| $509M | 0.09% |
261,100
-41,600
| -14% | -$82.6M |
|
172
CALL
Cisco
CSCO
$438B
| $508M | 0.09% |
8,230,300
+1,857,200
| +29% | +$114M |
|
173
CALL
Intuit
INTU
$100B
| $507M | 0.09% |
825,500
+58,600
| +8% | +$35.2M |
|
174
CALL
Hilton Worldwide
HLT
$73.5B
| $507M | 0.09% |
2,227,300
+1,168,800
| +110% | +$291M |
|
175
PUT
Arm
ARM
$260B
| $506M | 0.09% |
4,736,700
-644,500
| -12% | -$89.9M |
|
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.