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 | |
|---|---|---|---|---|---|---|
2126
CALL
Gold Fields
GFI
$42.6B
| $17.8M | ﹤0.01% |
752,500
+263,200
| +54% | +$6.05M |
|
2127
Markel Group
MKL
$22.5B
| $17.7M | ﹤0.01% |
8,886
+1,304
| +17% | +$2.45M |
|
2128
PUT
Rocket Companies
RKT
$39.4B
| $17.7M | ﹤0.01% |
1,250,600
+575,400
| +85% | +$7.46M |
|
2129
CALL
Clean Harbors
CLH
$16.6B
| $17.7M | ﹤0.01% |
76,700
+16,700
| +28% | +$3.66M |
|
2130
Northrop Grumman
NOC
$78.1B
| $17.7M | ﹤0.01% |
35,451
+14,410
| +68% | +$7.08M |
|
2131
CALL
Bath & Body Works
BBWI
$3.81B
| $17.7M | ﹤0.01% |
591,300
+220,800
| +60% | +$6.46M |
|
2132
CALL
Arbor Realty Trust
ABR
$944M
| $17.7M | ﹤0.01% |
1,655,400
-360,200
| -18% | -$3.79M |
|
2133
Chewy
CHWY
$9.4B
| $17.7M | ﹤0.01% |
415,062
+126,614
| +44% | +$5.04M |
|
2134
PUT
Fastenal
FAST
$58.7B
| $17.6M | ﹤0.01% |
420,000
-150,200
| -26% | -$6.09M |
|
2135
PUT
Herc Holdings
HRI
$5.22B
| $17.6M | ﹤0.01% |
133,700
+79,900
| +149% | +$9.7M |
|
2136
PUT
Sony
SONY
$141B
| $17.6M | ﹤0.01% |
676,100
+53,400
| +9% | +$1.34M |
|
2137
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$243M
| $17.6M | ﹤0.01% |
148,320
-8,640
| -6% | -$1.32M |
|
2138
ProShares UltraPro QQQ
TQQQ
$35.5B
| $17.6M | ﹤0.01% |
423,822
-890,758
| -68% | -$28.2M |
|
2139
PUT
Citizens Financial Group
CFG
$29.7B
| $17.6M | ﹤0.01% |
393,000
-270,000
| -41% | -$10.6M |
|
2140
PUT
Direxion Daily CSI China Internet Index Bull 2X ETF
CWEB
$205M
| $17.6M | ﹤0.01% |
443,800
+8,900
| +2% | +$335K |
|
2141
PUT
Alaska Air
ALK
$4.8B
| $17.6M | ﹤0.01% |
355,100
-21,100
| -6% | -$1.03M |
|
2142
CALL
Fabrinet
FN
$15.7B
| $17.5M | ﹤0.01% |
59,500
+35,400
| +147% | +$7.89M |
|
2143
CALL
Penumbra
PEN
$12.7B
| $17.5M | ﹤0.01% |
68,300
-5,800
| -8% | -$1.58M |
|
2144
PUT
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $17.5M | ﹤0.01% |
571,200
+237,600
| +71% | +$7.15M |
|
2145
CALL
Modine Manufacturing
MOD
$9.95B
| $17.5M | ﹤0.01% |
177,600
+40,300
| +29% | +$3.6M |
|
2146
iShares MSCI Mexico ETF
EWW
$1.8B
| $17.5M | ﹤0.01% |
288,775
+135,643
| +89% | +$7.81M |
|
2147
PUT
Exelixis
EXEL
$13.9B
| $17.5M | ﹤0.01% |
396,200
+86,400
| +28% | +$3.45M |
|
2148
SSR Mining
SSRM
$7.77B
| $17.5M | ﹤0.01% |
1,370,373
+125,965
| +10% | +$1.42M |
|
2149
CALL
Sibanye-Stillwater
SBSW
$8.56B
| $17.5M | ﹤0.01% |
2,417,000
+1,302,300
| +117% | +$7.12M |
|
2150
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.66B
| $17.4M | ﹤0.01% |
+211,069
| New | +$16.6M |
|
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.