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 | |
|---|---|---|---|---|---|---|
1926
PUT
Argan
AGX
$6.37B
| $21.5M | ﹤0.01% |
97,500
-110,300
| -53% | -$19.9M |
|
1927
Li Auto
LI
$12B
| $21.4M | ﹤0.01% |
+790,493
| New | +$20.9M |
|
|
NNE
1928
PUT
Nano Nuclear Energy
NNE
$993M
| $21.4M | ﹤0.01% |
620,800
+375,800
| +153% | +$10.4M |
|
1929
JPMorgan BetaBuilders Europe ETF
BBEU
$9.55B
| $21.4M | ﹤0.01% |
+316,867
| New | +$20.5M |
|
1930
Insmed
INSM
$27.1B
| $21.4M | ﹤0.01% |
212,222
-236,392
| -53% | -$18.1M |
|
1931
CALL
Curtiss-Wright
CW
$22.9B
| $21.3M | ﹤0.01% |
43,700
+39,000
| +830% | +$15.4M |
|
1932
CALL
Magnite
MGNI
$3.4B
| $21.3M | ﹤0.01% |
882,400
+300,600
| +52% | +$4.43M |
|
1933
PUT
Tyler Technologies
TYL
$14.5B
| $21.3M | ﹤0.01% |
35,900
+8,900
| +33% | +$5.04M |
|
1934
CALL
Vanguard Real Estate ETF
VNQ
$39.2B
| $21.2M | ﹤0.01% |
238,500
-28,700
| -11% | -$2.53M |
|
1935
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $21.2M | ﹤0.01% |
605,100
-317,100
| -34% | -$11.5M |
|
1936
PUT
Carpenter Technology
CRS
$23.9B
| $21.2M | ﹤0.01% |
76,800
+11,100
| +17% | +$2.42M |
|
|
QXO
1937
PUT
QXO Inc
QXO
$14.6B
| $21.2M | ﹤0.01% |
985,400
+820,800
| +499% | +$13.5M |
|
1938
PUT
Pool Corp
POOL
$6.85B
| $21.2M | ﹤0.01% |
72,800
+2,700
| +4% | +$817K |
|
1939
First Citizens BancShares
FCNCA
$24.7B
| $21.2M | ﹤0.01% |
10,832
-3,649
| -25% | -$6.62M |
|
1940
PUT
Synchrony
SYF
$25.9B
| $21.2M | ﹤0.01% |
317,400
+112,400
| +55% | +$6.28M |
|
1941
Schwab Fundamental International Large Company Index ETF
FNDF
$26.1B
| $21.2M | ﹤0.01% |
529,291
+109,874
| +26% | +$4.14M |
|
|
ETHA
1942
PUT
iShares Ethereum Trust ETF
ETHA
$7.69B
| $21.2M | ﹤0.01% |
+1,109,900
| New | +$18.5M |
|
1943
PUT
SL Green Realty
SLG
$4.2B
| $21.2M | ﹤0.01% |
341,800
+143,400
| +72% | +$8.21M |
|
1944
CALL
Entegris
ENTG
$21.7B
| $21.1M | ﹤0.01% |
262,200
+87,000
| +50% | +$6.61M |
|
|
COOP
1945
PUT
DELISTED
Mr. Cooper
COOP
| $21.1M | ﹤0.01% |
141,700
+89,900
| +174% | +$11.5M |
|
1946
CALL
Hasbro
HAS
$13.6B
| $21.1M | ﹤0.01% |
286,400
-395,600
| -58% | -$24.9M |
|
1947
AES
AES
$10.5B
| $21.1M | ﹤0.01% |
2,009,632
+533,135
| +36% | +$5.71M |
|
1948
CALL
ScottsMiracle-Gro
SMG
$3.59B
| $21.1M | ﹤0.01% |
320,500
+220,300
| +220% | +$12.7M |
|
1949
CALL
Natera
NTRA
$48.6B
| $21.1M | ﹤0.01% |
125,100
-129,700
| -51% | -$20.2M |
|
1950
Hershey
HSY
$37.3B
| $21.1M | ﹤0.01% |
127,280
-6,855
| -5% | -$1.13M |
|
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.