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 | |
|---|---|---|---|---|---|---|
1876
Ecolab
ECL
$81.5B
| $22.8M | ﹤0.01% |
84,514
+65,698
| +349% | +$16.7M |
|
1877
PUT
Matador Resources
MTDR
$6.87B
| $22.8M | ﹤0.01% |
476,900
+152,900
| +47% | +$6.75M |
|
1878
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $22.7M | ﹤0.01% |
648,431
-32,425
| -5% | -$1.17M |
|
1879
CALL
Tencent Music
TME
$14.3B
| $22.7M | ﹤0.01% |
1,163,900
+773,300
| +198% | +$12.2M |
|
1880
PUT
MPLX
MPLX
$60.1B
| $22.6M | ﹤0.01% |
439,700
+247,900
| +129% | +$12.6M |
|
1881
CALL
Copart
CPRT
$30.3B
| $22.6M | ﹤0.01% |
460,400
-41,600
| -8% | -$2.33M |
|
1882
CALL
Aptiv
APTV
$9.6B
| $22.6M | ﹤0.01% |
331,000
-198,000
| -37% | -$12.3M |
|
1883
PUT
Thor Industries
THO
$4.04B
| $22.5M | ﹤0.01% |
253,500
+151,100
| +148% | +$11.9M |
|
1884
PUT
TG Therapeutics
TGTX
$8.46B
| $22.5M | ﹤0.01% |
625,200
-32,800
| -5% | -$1.22M |
|
|
FITB
1885
CALL
Fifth Third Bancorp
FITB
$50.2B
| $22.5M | ﹤0.01% |
547,000
+199,500
| +57% | +$7.49M |
|
1886
CALL
QuantumScape Corp
QS
$3.52B
| $22.5M | ﹤0.01% |
3,344,400
+705,200
| +27% | +$2.98M |
|
1887
Carrier Global
CARR
$48.5B
| $22.5M | ﹤0.01% |
306,755
+202,213
| +193% | +$13.7M |
|
1888
Pan American Silver
PAAS
$22B
| $22.4M | ﹤0.01% |
790,200
+325,698
| +70% | +$8.43M |
|
1889
CALL
Steel Dynamics
STLD
$33.8B
| $22.4M | ﹤0.01% |
175,300
-254,800
| -59% | -$32.5M |
|
|
GRMN
1890
CALL
Garmin
GRMN
$55.6B
| $22.4M | ﹤0.01% |
107,500
-25,800
| -19% | -$5.12M |
|
|
SNDK
1891
CALL
Sandisk
SNDK
$220B
| $22.4M | ﹤0.01% |
494,500
-324,500
| -40% | -$12.4M |
|
|
DOCU
1892
DocuSign
DOCU
$11.4B
| $22.4M | ﹤0.01% |
287,651
+212,334
| +282% | +$17.2M |
|
1893
PUT
Capri Holdings
CPRI
$1.54B
| $22.4M | ﹤0.01% |
1,265,200
-51,800
| -4% | -$853K |
|
1894
CALL
BILL Holdings
BILL
$4.78B
| $22.4M | ﹤0.01% |
484,000
-195,700
| -29% | -$8.65M |
|
1895
NextNav
NN
$2.6B
| $22.4M | ﹤0.01% |
1,470,688
+96,827
| +7% | +$1.24M |
|
1896
CALL
Boston Properties
BXP
$11.3B
| $22.3M | ﹤0.01% |
330,900
-47,400
| -13% | -$3.16M |
|
1897
CALL
PennyMac Financial
PFSI
$3.82B
| $22.3M | ﹤0.01% |
223,900
+5,400
| +2% | +$523K |
|
1898
PUT
Summit Therapeutics
SMMT
$11.5B
| $22.3M | ﹤0.01% |
1,046,300
+296,200
| +39% | +$6.75M |
|
1899
PUT
Medpace
MEDP
$17.2B
| $22.3M | ﹤0.01% |
70,900
+34,300
| +94% | +$10.3M |
|
1900
CALL
Madrigal Pharmaceuticals
MDGL
$12.3B
| $22.2M | ﹤0.01% |
73,400
-109,600
| -60% | -$32.7M |
|
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.