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 | |
|---|---|---|---|---|---|---|
2001
PUT
BWX Technologies
BWXT
$14B
| $20.2M | ﹤0.01% |
139,900
+101,500
| +264% | +$11.9M |
|
|
SMCX
2002
CALL
Defiance Daily Target 2X Long SMCI ETF
SMCX
$172M
| $20.1M | ﹤0.01% |
203,800
+86,450
| +74% | +$6M |
|
2003
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $20.1M | ﹤0.01% |
249,717
-1,066,160
| -81% | -$84M |
|
2004
PUT
Range Resources
RRC
$9.71B
| $20.1M | ﹤0.01% |
494,700
+372,900
| +306% | +$14.1M |
|
2005
PUT
Lemonade
LMND
$4.15B
| $20.1M | ﹤0.01% |
459,100
-84,700
| -16% | -$2.82M |
|
2006
CALL
Scorpio Tankers
STNG
$3.75B
| $20.1M | ﹤0.01% |
513,900
-173,700
| -25% | -$6.77M |
|
2007
PUT
Freshpet
FRPT
$3.6B
| $20.1M | ﹤0.01% |
295,700
+172,600
| +140% | +$13.5M |
|
2008
PUT
Qorvo
QRVO
$8.39B
| $20.1M | ﹤0.01% |
236,600
-88,200
| -27% | -$6.37M |
|
2009
Tractor Supply
TSCO
$18.2B
| $20.1M | ﹤0.01% |
380,564
+201,816
| +113% | +$10.3M |
|
2010
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$103M
| $20.1M | ﹤0.01% |
783,600
+215,600
| +38% | +$5.19M |
|
2011
PUT
Lumentum
LITE
$84.2B
| $20M | ﹤0.01% |
210,700
+86,800
| +70% | +$6.16M |
|
2012
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $20M | ﹤0.01% |
+241,596
| New | +$19.9M |
|
2013
PUT
KeyCorp
KEY
$23.6B
| $20M | ﹤0.01% |
1,149,000
-78,400
| -6% | -$1.22M |
|
|
CNR
2014
PUT
Core Natural Resources Inc
CNR
$4.87B
| $20M | ﹤0.01% |
286,500
+127,100
| +80% | +$9.04M |
|
2015
CALL
Canadian National Railway
CNI
$77.1B
| $20M | ﹤0.01% |
192,000
+122,400
| +176% | +$12.5M |
|
2016
CALL
iShares Russell 1000 Value ETF
IWD
$84.3B
| $19.9M | ﹤0.01% |
102,400
-75,900
| -43% | -$14.1M |
|
2017
PUT
JB Hunt Transport Services
JBHT
$24.8B
| $19.9M | ﹤0.01% |
138,500
+89,000
| +180% | +$12.3M |
|
2018
CALL
Bitdeer Technologies
BTDR
$2.9B
| $19.9M | ﹤0.01% |
1,731,700
+42,900
| +3% | +$496K |
|
2019
Equinix
EQIX
$107B
| $19.9M | ﹤0.01% |
24,978
+10,923
| +78% | +$9.27M |
|
2020
PUT
Molson Coors Class B
TAP
$7.85B
| $19.9M | ﹤0.01% |
413,100
+269,800
| +188% | +$14.9M |
|
2021
CALL
Gaming and Leisure Properties
GLPI
$12.4B
| $19.8M | ﹤0.01% |
425,200
+43,300
| +11% | +$2.05M |
|
2022
PUT
Baxter International
BAX
$13.7B
| $19.8M | ﹤0.01% |
655,000
-335,900
| -34% | -$10.2M |
|
2023
PUT
Conagra Brands
CAG
$7.77B
| $19.8M | ﹤0.01% |
965,300
+637,300
| +194% | +$14.9M |
|
2024
PUT
Cal-Maine
CALM
$3.88B
| $19.8M | ﹤0.01% |
198,300
-318,400
| -62% | -$30.4M |
|
2025
PUT
Otis Worldwide
OTIS
$27.5B
| $19.7M | ﹤0.01% |
198,800
+97,400
| +96% | +$9.4M |
|
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.