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 | |
|---|---|---|---|---|---|---|
176
CALL
Walt Disney
DIS
$186B
| $499M | 0.09% |
5,056,300
-1,721,200
| -25% | -$185M |
|
|
177
iShares Bitcoin Trust
IBIT
$57.7B
| $498M | 0.09% |
10,648,970
+6,229,924
| +141% | +$330M |
|
178
CALL
lululemon athletica
LULU
$13.7B
| $497M | 0.08% |
1,757,000
+5,200
| +0.3% | +$1.91M |
|
179
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $497M | 0.08% |
13,868,000
-8,499,400
| -38% | -$288M |
|
180
PUT
McDonald's
MCD
$192B
| $496M | 0.08% |
1,586,400
-670,800
| -30% | -$201M |
|
181
CALL
Verizon
VZ
$205B
| $489M | 0.08% |
10,790,300
+1,434,600
| +15% | +$59.7M |
|
182
PUT
Morgan Stanley
MS
$336B
| $485M | 0.08% |
4,159,900
+119,700
| +3% | +$15.4M |
|
183
CALL
Blackstone
BX
$108B
| $485M | 0.08% |
3,467,200
+325,700
| +10% | +$52.9M |
|
184
PUT
Dell
DELL
$286B
| $474M | 0.08% |
5,203,600
+357,300
| +7% | +$37.8M |
|
185
PUT
Intuitive Surgical
ISRG
$134B
| $474M | 0.08% |
956,100
+258,500
| +37% | +$143M |
|
186
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $473M | 0.08% |
9,429,600
-6,343,200
| -40% | -$345M |
|
187
CALL
Baidu
BIDU
$31.6B
| $472M | 0.08% |
5,131,900
+279,900
| +6% | +$25.1M |
|
188
PUT
Target
TGT
$75.1B
| $470M | 0.08% |
4,502,300
+101,400
| +2% | +$12.7M |
|
|
189
Microsoft
MSFT
$3.59T
| $467M | 0.08% |
1,242,991
-2,423,654
| -66% | -$988M |
|
190
CALL
Procter & Gamble
PG
$336B
| $461M | 0.08% |
2,703,100
-632,600
| -19% | -$106M |
|
191
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $457M | 0.08% |
3,466,100
-80,500
| -2% | -$10.8M |
|
192
PUT
PayPal
PYPL
$52.7B
| $455M | 0.08% |
6,965,600
+89,300
| +1% | +$6.96M |
|
193
Amazon
AMZN
$2.79T
| $453M | 0.08% |
2,381,851
-1,578,795
| -40% | -$343M |
|
194
CALL
Arm
ARM
$260B
| $447M | 0.08% |
4,189,500
-1,143,600
| -21% | -$159M |
|
195
PUT
Constellation Energy
CEG
$96.7B
| $446M | 0.08% |
2,214,200
+845,400
| +62% | +$227M |
|
|
196
PUT
Blackstone
BX
$108B
| $443M | 0.08% |
3,166,100
-1,332,100
| -30% | -$216M |
|
197
CALL
Newmont
NEM
$139B
| $442M | 0.08% |
9,148,500
+193,500
| +2% | +$8.49M |
|
198
PUT
ExxonMobil
XOM
$679B
| $441M | 0.08% |
3,708,600
-1,988,300
| -35% | -$220M |
|
199
PUT
Bank of America
BAC
$431B
| $439M | 0.08% |
10,530,000
-3,520,400
| -25% | -$157M |
|
200
PUT
United Airlines
UAL
$36.7B
| $437M | 0.07% |
6,332,000
-926,500
| -13% | -$87.5M |
|
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.