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 | Miscellaneous | 94.1% |
| 2 | Technology | 1.55% |
| 3 | Consumer Discretionary | 0.95% |
| 4 | Financials | 0.77% |
| 5 | Healthcare | 0.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
PUT
Guidewire Software
GWRE
$16.7B
| $15.1M | ﹤0.01% |
80,800
+19,700
| +32% | +$3.83M |
|
2027
CALL
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $15.1M | ﹤0.01% |
285,700
+141,000
| +97% | +$7.9M |
|
2028
CALL
Sunoco
SUN
$14.2B
| $15.1M | ﹤0.01% |
260,600
+214,700
| +468% | +$12.2M |
|
2029
CALL
Klaviyo
KVYO
$5.58B
| $15.1M | ﹤0.01% |
499,900
+145,900
| +41% | +$5.89M |
|
2030
PUT
M&T Bank
MTB
$34.5B
| $15.1M | ﹤0.01% |
84,600
-14,200
| -14% | -$2.69M |
|
2031
PUT
HF Sinclair
DINO
$17.2B
| $15.1M | ﹤0.01% |
459,800
+44,900
| +11% | +$1.57M |
|
2032
CALL
Zions Bancorporation
ZION
$9.91B
| $15.1M | ﹤0.01% |
303,100
-196,000
| -39% | -$10.6M |
|
2033
CALL
Sweetgreen
SG
$808M
| $15.1M | ﹤0.01% |
603,900
-74,900
| -11% | -$2.07M |
|
2034
CALL
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $15.1M | ﹤0.01% |
233,600
+45,200
| +24% | +$3.03M |
|
2035
CALL
Annaly Capital Management
NLY
$17.4B
| $15.1M | ﹤0.01% |
742,900
+416,900
| +128% | +$8.58M |
|
2036
PUT
Mid-America Apartment Communities
MAA
$14.9B
| $15M | ﹤0.01% |
89,800
+65,300
| +267% | +$10.3M |
|
|
CCC
2037
CCC Intelligent Solutions
CCC
$4.48B
| $15M | ﹤0.01% |
1,665,197
+473,639
| +40% | +$4.92M |
|
|
2038
CALL
Mid-America Apartment Communities
MAA
$14.9B
| $15M | ﹤0.01% |
89,700
+61,600
| +219% | +$9.75M |
|
2039
CALL
AngloGold Ashanti
AU
$59.9B
| $15M | ﹤0.01% |
404,500
-338,000
| -46% | -$10.4M |
|
2040
CALL
Martin Marietta Materials
MLM
$37.5B
| $15M | ﹤0.01% |
31,400
+5,000
| +19% | +$2.54M |
|
2041
CALL
HDFC Bank
HDB
$115B
| $15M | ﹤0.01% |
451,600
-409,000
| -48% | -$12.5M |
|
2042
Fidelity National Information Services
FIS
$20.9B
| $15M | ﹤0.01% |
200,801
-30,023
| -13% | -$2.26M |
|
2043
PUT
Aptiv
APTV
$9.43B
| $15M | ﹤0.01% |
252,000
-512,300
| -67% | -$32.5M |
|
2044
Popular Inc
BPOP
$10.8B
| $15M | ﹤0.01% |
162,321
+49,511
| +44% | +$4.82M |
|
2045
PUT
Shift4
FOUR
$3.47B
| $15M | ﹤0.01% |
183,400
+53,500
| +41% | +$5.51M |
|
2046
Centene
CNC
$32.3B
| $15M | ﹤0.01% |
246,787
-394,525
| -62% | -$23.8M |
|
2047
CALL
Woodward
WWD
$20.4B
| $15M | ﹤0.01% |
82,000
+11,400
| +16% | +$2.11M |
|
2048
Neurocrine Biosciences
NBIX
$15.8B
| $15M | ﹤0.01% |
135,295
+124,303
| +1,131% | +$15.7M |
|
2049
CALL
Lantheus
LNTH
$6.56B
| $14.9M | ﹤0.01% |
153,100
+22,800
| +17% | +$2.13M |
|
2050
CALL
BCE
BCE
$21.8B
| $14.9M | ﹤0.01% |
649,600
+71,900
| +12% | +$1.69M |
|
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's Q1 2025 filing shows 1,775 new, 5,712 increased, 4,842 reduced and 1,482 closed positions. Its largest new stake was Brookfield Asset Management: 1,775,684 shares worth $86M. The largest sale was Invesco QQQ Trust, an estimated $1.25B.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 93% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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 1,482 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.