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 | |
|---|---|---|---|---|---|---|
1976
Cipher Digital
CIFR
$6.65B
| $20.6M | ﹤0.01% |
4,311,319
+3,614,123
| +518% | +$11.7M |
|
1977
Vanguard Russell 3000 ETF
VTHR
$4.81B
| $20.6M | ﹤0.01% |
75,540
+38,711
| +105% | +$9.77M |
|
1978
CALL
Ameriprise Financial
AMP
$49.5B
| $20.6M | ﹤0.01% |
38,600
-88,300
| -70% | -$43.6M |
|
1979
iShares MSCI Taiwan ETF
EWT
$11.5B
| $20.6M | ﹤0.01% |
358,647
+297,031
| +482% | +$15.2M |
|
1980
Monster Beverage
MNST
$93.7B
| $20.6M | ﹤0.01% |
657,220
+403,700
| +159% | +$12.3M |
|
|
SPYM
1981
PUT
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $20.6M | ﹤0.01% |
282,800
+71,200
| +34% | +$4.79M |
|
1982
CALL
Vanguard Total World Stock ETF
VT
$81.1B
| $20.5M | ﹤0.01% |
159,800
-30,000
| -16% | -$3.59M |
|
1983
CALL
VF Corp
VFC
$5.46B
| $20.5M | ﹤0.01% |
1,746,600
-999,700
| -36% | -$12.4M |
|
1984
CALL
Tradeweb Markets
TW
$22.7B
| $20.5M | ﹤0.01% |
139,900
-115,100
| -45% | -$16.1M |
|
|
WAY
1985
Waystar Holding Corp
WAY
$4.63B
| $20.5M | ﹤0.01% |
500,703
+266,567
| +114% | +$10.3M |
|
1986
PUT
iShares MSCI India ETF
INDA
$6.64B
| $20.4M | ﹤0.01% |
366,800
+106,000
| +41% | +$5.66M |
|
1987
PUT
UiPath
PATH
$8.68B
| $20.4M | ﹤0.01% |
1,594,100
-1,027,100
| -39% | -$12.3M |
|
1988
PUT
Banco Macro
BMA
$4.99B
| $20.4M | ﹤0.01% |
290,400
+154,800
| +114% | +$12.8M |
|
1989
PUT
Aflac
AFL
$58.9B
| $20.4M | ﹤0.01% |
193,200
-134,600
| -41% | -$14.1M |
|
1990
CALL
Brookfield
BN
$93B
| $20.4M | ﹤0.01% |
494,100
+255,600
| +107% | +$9.47M |
|
1991
Stryker
SYK
$126B
| $20.4M | ﹤0.01% |
51,464
+25,687
| +100% | +$9.61M |
|
1992
Teradyne
TER
$56.8B
| $20.3M | ﹤0.01% |
226,085
-150,014
| -40% | -$12M |
|
1993
CALL
Teck Resources
TECK
$34.9B
| $20.3M | ﹤0.01% |
503,200
-170,300
| -25% | -$6.15M |
|
1994
ProShares Bitcoin Strategy ETF
BITO
$1.73B
| $20.3M | ﹤0.01% |
944,266
+933,228
| +8,455% | +$19.2M |
|
1995
PUT
Wheaton Precious Metals
WPM
$70.9B
| $20.3M | ﹤0.01% |
225,900
-188,600
| -46% | -$15.9M |
|
1996
CALL
ProShares Ultra Gold
UGL
$906M
| $20.2M | ﹤0.01% |
582,800
+236,800
| +68% | +$8.22M |
|
|
PARA
1997
CALL
DELISTED
Paramount Global Class B
PARA
| $20.2M | ﹤0.01% |
1,565,800
-105,300
| -6% | -$1.23M |
|
1998
CALL
Freshpet
FRPT
$3.6B
| $20.2M | ﹤0.01% |
297,100
+149,000
| +101% | +$11.6M |
|
1999
CALL
Qualys
QLYS
$6.11B
| $20.2M | ﹤0.01% |
141,200
+93,600
| +197% | +$12.4M |
|
2000
CALL
Woodward
WWD
$20.4B
| $20.2M | ﹤0.01% |
82,300
+300
| +0.4% | +$61.4K |
|
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.