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 | |
|---|---|---|---|---|---|---|
151
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $756M | 0.11% |
14,517,700
+782,700
| +6% | +$38.8M |
|
152
PUT
iShares Bitcoin Trust
IBIT
$57.7B
| $753M | 0.1% |
12,297,800
+5,481,700
| +80% | +$307M |
|
153
CALL
Intuit
INTU
$100B
| $753M | 0.1% |
955,500
+130,000
| +16% | +$88M |
|
154
CALL
Roblox
RBLX
$27.4B
| $742M | 0.1% |
7,052,200
+3,132,400
| +80% | +$246M |
|
155
CALL
Wells Fargo
WFC
$254B
| $739M | 0.1% |
9,225,500
+69,300
| +0.8% | +$5M |
|
156
CALL
Qualcomm
QCOM
$169B
| $729M | 0.1% |
4,579,100
+294,400
| +7% | +$43.3M |
|
157
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $724M | 0.1% |
17,082,000
-1,607,800
| -9% | -$67M |
|
158
PUT
Cisco
CSCO
$438B
| $723M | 0.1% |
10,423,500
+5,068,800
| +95% | +$312M |
|
159
CALL
Vistra
VST
$45.7B
| $720M | 0.1% |
3,716,200
+313,100
| +9% | +$46.3M |
|
160
PUT
Constellation Energy
CEG
$96.7B
| $719M | 0.1% |
2,226,300
+12,100
| +0.5% | +$3.2M |
|
|
161
PUT
Vistra
VST
$45.7B
| $716M | 0.1% |
3,695,600
-1,771,300
| -32% | -$262M |
|
|
162
PUT
Intuit
INTU
$100B
| $715M | 0.1% |
908,100
+207,400
| +30% | +$140M |
|
163
CALL
PayPal
PYPL
$52.7B
| $713M | 0.1% |
9,598,400
+410,500
| +4% | +$28.1M |
|
164
CALL
Vertiv
VRT
$101B
| $712M | 0.1% |
5,544,300
-362,600
| -6% | -$35.3M |
|
165
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $710M | 0.1% |
5,611,400
+1,810,400
| +48% | +$201M |
|
166
CALL
Reddit
RDDT
$29.5B
| $704M | 0.1% |
4,673,900
+1,033,200
| +28% | +$117M |
|
|
167
Tesla
TSLA
$1.43T
| $702M | 0.1% |
2,209,298
-1,493,157
| -40% | -$450M |
|
168
PUT
ExxonMobil
XOM
$679B
| $697M | 0.1% |
6,466,300
+2,757,700
| +74% | +$295M |
|
|
169
iShares Bitcoin Trust
IBIT
$57.7B
| $683M | 0.09% |
11,165,237
+516,267
| +5% | +$28.9M |
|
170
PUT
Bank of America
BAC
$431B
| $675M | 0.09% |
14,268,600
+3,738,600
| +36% | +$157M |
|
171
Broadcom
AVGO
$1.75T
| $674M | 0.09% |
2,444,985
+530,239
| +28% | +$115M |
|
172
CALL
Newmont
NEM
$139B
| $667M | 0.09% |
11,443,000
+2,294,500
| +25% | +$122M |
|
|
173
PUT
Qualcomm
QCOM
$169B
| $659M | 0.09% |
4,135,200
+608,600
| +17% | +$89.6M |
|
174
PUT
McDonald's
MCD
$192B
| $648M | 0.09% |
2,217,000
+630,600
| +40% | +$194M |
|
|
175
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $645M | 0.09% |
12,386,200
-155,000
| -1% | -$7.69M |
|
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.