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 | |
|---|---|---|---|---|---|---|
2051
CALL
American Superconductor
AMSC
$1.43B
| $19.3M | ﹤0.01% |
525,500
+283,900
| +118% | +$6.98M |
|
2052
State Street
STT
$53.2B
| $19.3M | ﹤0.01% |
181,110
+94,050
| +108% | +$8.7M |
|
2053
PUT
Vulcan Materials
VMC
$35.5B
| $19.2M | ﹤0.01% |
73,800
+54,500
| +282% | +$14M |
|
2054
CALL
Capri Holdings
CPRI
$1.55B
| $19.2M | ﹤0.01% |
1,086,600
-1,078,400
| -50% | -$17.8M |
|
|
TIGR
2055
UP Fintech Holding
TIGR
$976M
| $19.1M | ﹤0.01% |
1,982,850
+171,182
| +9% | +$1.43M |
|
2056
PUT
Blue Owl Capital
OWL
$18.4B
| $19.1M | ﹤0.01% |
995,500
+125,100
| +14% | +$2.31M |
|
2057
PUT
Kohl's
KSS
$2.03B
| $19.1M | ﹤0.01% |
2,253,800
-613,200
| -21% | -$4.71M |
|
2058
Toll Brothers
TOL
$13.7B
| $19.1M | ﹤0.01% |
167,336
+102,746
| +159% | +$10.7M |
|
2059
PUT
iShares Gold Trust
IAU
$68.1B
| $19M | ﹤0.01% |
305,400
+67,500
| +28% | +$4.18M |
|
2060
CALL
Starwood Property Trust
STWD
$5.89B
| $19M | ﹤0.01% |
948,200
-46,000
| -5% | -$894K |
|
2061
PUT
Elastic
ESTC
$8.24B
| $19M | ﹤0.01% |
225,400
+65,700
| +41% | +$5.55M |
|
2062
CALL
Stellantis
STLA
$19.4B
| $19M | ﹤0.01% |
1,894,600
+122,300
| +7% | +$1.21M |
|
2063
Peloton Interactive
PTON
$2.35B
| $19M | ﹤0.01% |
2,737,003
+1,305,722
| +91% | +$8.48M |
|
2064
Goldman Sachs Equal Weight US Large Cap Equity ETF
GSEW
$2.05B
| $19M | ﹤0.01% |
232,469
+216,239
| +1,332% | +$16.6M |
|
2065
PUT
Archer Daniels Midland
ADM
$38.6B
| $18.9M | ﹤0.01% |
358,200
-190,900
| -35% | -$9.29M |
|
2066
CALL
ProShares Ultra S&P500
SSO
$8.42B
| $18.9M | ﹤0.01% |
386,600
+64,400
| +20% | +$2.72M |
|
|
2067
PUT
Starwood Property Trust
STWD
$5.89B
| $18.9M | ﹤0.01% |
941,000
+498,500
| +113% | +$9.69M |
|
2068
CALL
Motorola Solutions
MSI
$80.6B
| $18.9M | ﹤0.01% |
44,900
-12,700
| -22% | -$5.31M |
|
2069
CALL
W.P. Carey
WPC
$16.2B
| $18.9M | ﹤0.01% |
302,600
-115,600
| -28% | -$7.12M |
|
2070
PUT
VanEck Pharmaceutical ETF
PPH
$1.01B
| $18.9M | ﹤0.01% |
214,400
-114,500
| -35% | -$9.93M |
|
2071
CALL
BellRing Brands
BRBR
$1.25B
| $18.8M | ﹤0.01% |
324,600
+316,500
| +3,907% | +$21.1M |
|
2072
The Ensign Group
ENSG
$10.5B
| $18.8M | ﹤0.01% |
121,879
+7,707
| +7% | +$1.08M |
|
2073
SS&C Technologies
SSNC
$19.5B
| $18.8M | ﹤0.01% |
226,867
-37,090
| -14% | -$2.92M |
|
2074
PUT
iShares MSCI Japan ETF
EWJ
$22.6B
| $18.8M | ﹤0.01% |
250,500
-694,400
| -73% | -$49.4M |
|
2075
Builders FirstSource
BLDR
$7.39B
| $18.8M | ﹤0.01% |
160,925
+106,812
| +197% | +$12.3M |
|
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.