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 | |
|---|---|---|---|---|---|---|
1726
CALL
Krystal Biotech
KRYS
$10.5B
| $26M | ﹤0.01% |
188,900
+166,100
| +729% | +$24.4M |
|
1727
CALL
Parsons
PSN
$5.13B
| $26M | ﹤0.01% |
361,600
+223,800
| +162% | +$14.8M |
|
1728
CALL
Teradyne
TER
$57.3B
| $25.9M | ﹤0.01% |
288,300
-67,100
| -19% | -$5.36M |
|
1729
Kohl's
KSS
$2B
| $25.9M | ﹤0.01% |
3,057,046
+80,978
| +3% | +$623K |
|
1730
CALL
MSCI
MSCI
$41B
| $25.9M | ﹤0.01% |
44,900
-29,900
| -40% | -$16.5M |
|
1731
PUT
Grab
GRAB
$14.6B
| $25.9M | ﹤0.01% |
5,140,900
+1,911,300
| +59% | +$8.91M |
|
|
EA
1732
DELISTED
Electronic Arts
EA
| $25.9M | ﹤0.01% |
161,883
+84,815
| +110% | +$12.5M |
|
|
NGD
1733
CALL
DELISTED
New Gold Inc
NGD
| $25.8M | ﹤0.01% |
5,218,800
+605,200
| +13% | +$2.49M |
|
1734
PUT
Lamb Weston
LW
$7.61B
| $25.8M | ﹤0.01% |
497,700
-1,400
| -0.3% | -$75K |
|
1735
CALL
Fastenal
FAST
$57.7B
| $25.8M | ﹤0.01% |
614,300
-236,900
| -28% | -$9.61M |
|
1736
Starbucks
SBUX
$121B
| $25.8M | ﹤0.01% |
281,551
-440,651
| -61% | -$38.2M |
|
1737
PUT
BridgeBio Pharma
BBIO
$15.7B
| $25.8M | ﹤0.01% |
597,400
+92,100
| +18% | +$3.35M |
|
1738
Intercontinental Exchange
ICE
$90.8B
| $25.8M | ﹤0.01% |
140,380
+49,022
| +54% | +$8.42M |
|
1739
PUT
Root
ROOT
$894M
| $25.7M | ﹤0.01% |
200,800
+79,000
| +65% | +$10.7M |
|
1740
PUT
Commault Systems
CVLT
$5.44B
| $25.7M | ﹤0.01% |
147,400
+7,000
| +5% | +$1.19M |
|
1741
Joby Aviation
JOBY
$7.14B
| $25.7M | ﹤0.01% |
2,435,316
-801,541
| -25% | -$5.8M |
|
|
QXO
1742
CALL
QXO Inc
QXO
$14.4B
| $25.7M | ﹤0.01% |
1,191,800
+845,200
| +244% | +$13.9M |
|
1743
Carvana
CVNA
$83.3B
| $25.7M | ﹤0.01% |
380,815
-209,155
| -35% | -$11.5M |
|
1744
Waste Management
WM
$88.8B
| $25.7M | ﹤0.01% |
112,149
+56,471
| +101% | +$13.1M |
|
1745
CALL
Exelixis
EXEL
$14.1B
| $25.6M | ﹤0.01% |
581,700
+6,000
| +1% | +$240K |
|
1746
First Trust NASDAQ Technology Dividend Index Fund
TDIV
$4.33B
| $25.6M | ﹤0.01% |
284,311
+233,333
| +458% | +$18.3M |
|
1747
CALL
Blue Owl Capital
OWL
$18.4B
| $25.6M | ﹤0.01% |
1,333,200
+46,300
| +4% | +$856K |
|
1748
PUT
State Street
STT
$53B
| $25.6M | ﹤0.01% |
240,800
+40,700
| +20% | +$3.76M |
|
|
MRSH
1749
CALL
Marsh
MRSH
$92.3B
| $25.6M | ﹤0.01% |
117,100
-48,500
| -29% | -$10.9M |
|
1750
TMC The Metals Company
TMC
$2.19B
| $25.6M | ﹤0.01% |
3,876,432
+2,366,297
| +157% | +$9.07M |
|
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.