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 | |
|---|---|---|---|---|---|---|
2026
CALL
Li Auto
LI
$11.9B
| $19.6M | ﹤0.01% |
724,700
-1,079,400
| -60% | -$28.5M |
|
2027
PUT
Dominion Energy
D
$58.8B
| $19.6M | ﹤0.01% |
347,400
+97,500
| +39% | +$5.34M |
|
2028
FIVE9
FIVN
$2.39B
| $19.6M | ﹤0.01% |
741,310
+699,846
| +1,688% | +$18.2M |
|
2029
CALL
Sphere Entertainment
SPHR
$5.65B
| $19.6M | ﹤0.01% |
469,000
+365,000
| +351% | +$12.4M |
|
2030
LPL Financial
LPLA
$28.4B
| $19.6M | ﹤0.01% |
52,180
+674
| +1% | +$236K |
|
2031
PUT
IQVIA
IQV
$43B
| $19.5M | ﹤0.01% |
124,000
+85,200
| +220% | +$12.8M |
|
2032
Paychex
PAYX
$44.4B
| $19.5M | ﹤0.01% |
134,292
+91,982
| +217% | +$13.8M |
|
2033
McKesson
MCK
$105B
| $19.5M | ﹤0.01% |
26,644
-6,209
| -19% | -$4.38M |
|
2034
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $19.5M | ﹤0.01% |
+176,657
| New | +$19.5M |
|
2035
PUT
Grayscale Bitcoin Trust
GBTC
$11.8B
| $19.5M | ﹤0.01% |
229,800
+20,900
| +10% | +$1.63M |
|
2036
Snowflake
SNOW
$109B
| $19.5M | ﹤0.01% |
87,106
-494,186
| -85% | -$89.3M |
|
2037
CALL
Camtek
CAMT
$6.69B
| $19.5M | ﹤0.01% |
230,400
-154,900
| -40% | -$10.4M |
|
2038
CALL
Matador Resources
MTDR
$6.84B
| $19.5M | ﹤0.01% |
408,100
+145,100
| +55% | +$6.41M |
|
2039
PUT
Guidewire Software
GWRE
$15.9B
| $19.5M | ﹤0.01% |
82,700
+1,900
| +2% | +$408K |
|
2040
CALL
TripAdvisor
TRIP
$1.16B
| $19.5M | ﹤0.01% |
1,490,900
+786,400
| +112% | +$10.5M |
|
2041
BILL Holdings
BILL
$4.79B
| $19.4M | ﹤0.01% |
420,421
+56,658
| +16% | +$2.5M |
|
2042
PureCycle Technologies
PCT
$1.34B
| $19.4M | ﹤0.01% |
1,419,210
-497,783
| -26% | -$4.41M |
|
2043
CALL
Ciena
CIEN
$57.2B
| $19.4M | ﹤0.01% |
238,900
-143,200
| -37% | -$10.3M |
|
2044
PUT
Trane Technologies
TT
$102B
| $19.4M | ﹤0.01% |
44,300
+3,100
| +8% | +$1.22M |
|
2045
CALL
Paycom
PAYC
$10.5B
| $19.4M | ﹤0.01% |
83,700
+13,300
| +19% | +$3.15M |
|
2046
PUT
Logitech
LOGI
$14.3B
| $19.4M | ﹤0.01% |
214,700
+38,800
| +22% | +$3.15M |
|
2047
CALL
SLM Corp
SLM
$5.03B
| $19.3M | ﹤0.01% |
589,500
+476,200
| +420% | +$14.6M |
|
|
EH
2048
PUT
EHang Holdings
EH
$369M
| $19.3M | ﹤0.01% |
1,112,500
+357,900
| +47% | +$6.08M |
|
2049
PUT
argenx
ARGX
$65.5B
| $19.3M | ﹤0.01% |
35,000
-13,700
| -28% | -$7.95M |
|
2050
PUT
Peloton Interactive
PTON
$2.35B
| $19.3M | ﹤0.01% |
2,779,900
+1,249,900
| +82% | +$8.12M |
|
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.