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 | |
|---|---|---|---|---|---|---|
|
CRCL
176
CALL
Circle Internet Group
CRCL
$22.3B
| $639M | 0.09% |
+3,525,600
| New | +$574M |
|
177
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $632M | 0.09% |
5,815,600
-3,674,800
| -39% | -$376M |
|
178
CALL
Bank of America
BAC
$431B
| $625M | 0.09% |
13,205,800
-867,700
| -6% | -$36.5M |
|
179
CALL
Pfizer
PFE
$160B
| $621M | 0.09% |
25,600,500
-867,800
| -3% | -$20.2M |
|
180
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $611M | 0.08% |
5,577,200
+2,940,200
| +111% | +$316M |
|
181
CALL
Mastercard
MA
$509B
| $610M | 0.08% |
1,085,900
+72,800
| +7% | +$40.3M |
|
182
CALL
Cisco
CSCO
$438B
| $610M | 0.08% |
8,790,200
+559,900
| +7% | +$34.4M |
|
183
PUT
Snowflake
SNOW
$115B
| $597M | 0.08% |
2,666,700
-985,000
| -27% | -$178M |
|
184
Amazon
AMZN
$2.79T
| $594M | 0.08% |
2,707,494
+325,643
| +14% | +$64.4M |
|
|
CRWV
185
CALL
CoreWeave
CRWV
$48.5B
| $592M | 0.08% |
+3,633,200
| New | +$335M |
|
186
CALL
Applied Materials
AMAT
$391B
| $589M | 0.08% |
3,216,900
+276,200
| +9% | +$43.8M |
|
187
PUT
Amgen
AMGN
$238B
| $581M | 0.08% |
2,081,900
+928,500
| +81% | +$263M |
|
188
PUT
Vertiv
VRT
$101B
| $581M | 0.08% |
4,525,000
-235,100
| -5% | -$22.9M |
|
189
CALL
Coca-Cola
KO
$392B
| $575M | 0.08% |
8,125,900
-120,900
| -1% | -$8.61M |
|
190
PUT
Super Micro Computer
SMCI
$24.1B
| $570M | 0.08% |
11,637,200
-11,441,100
| -50% | -$441M |
|
191
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $563M | 0.08% |
9,485,000
-1,743,900
| -16% | -$97.1M |
|
192
PUT
Target
TGT
$75.1B
| $563M | 0.08% |
5,708,900
+1,206,600
| +27% | +$116M |
|
193
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $563M | 0.08% |
13,567,000
-4,594,200
| -25% | -$145M |
|
194
PUT
Texas Instruments
TXN
$241B
| $556M | 0.08% |
2,676,100
+1,405,900
| +111% | +$250M |
|
195
PUT
Marvell Technology
MRVL
$213B
| $552M | 0.08% |
7,133,000
+337,700
| +5% | +$21.1M |
|
196
CALL
SoFi Technologies
SOFI
$24.4B
| $549M | 0.08% |
30,158,200
+14,176,600
| +89% | +$187M |
|
197
CALL
Caterpillar
CAT
$381B
| $546M | 0.08% |
1,407,600
-179,600
| -11% | -$59.9M |
|
|
198
Alphabet (Google) Class C
GOOG
$4.18T
| $543M | 0.08% |
3,059,917
+2,107,328
| +221% | +$348M |
|
199
PUT
Avis
CAR
$5.18B
| $537M | 0.07% |
3,177,800
+2,093,000
| +193% | +$225M |
|
200
PUT
Blackstone
BX
$108B
| $535M | 0.07% |
3,579,700
+413,600
| +13% | +$56.8M |
|
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.