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 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
iShares Core S&P 500 ETF
IVV
$893B
| $435M | 0.07% |
774,800
+22,700
| +3% | +$13.4M |
|
202
CALL
Honeywell
HON
$68.4B
| $433M | 0.07% |
2,171,443
+48,912
| +2% | +$9.9M |
|
203
CALL
Lam Research
LRCX
$393B
| $430M | 0.07% |
5,918,500
-13,900
| -0.2% | -$1.09M |
|
204
PUT
Intuit
INTU
$100B
| $430M | 0.07% |
700,700
+122,700
| +21% | +$73.7M |
|
205
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $430M | 0.07% |
3,958,200
+803,300
| +25% | +$86.6M |
|
206
CALL
Bristol-Myers Squibb
BMY
$137B
| $429M | 0.07% |
7,039,200
+1,602,300
| +29% | +$93.4M |
|
207
CALL
Freeport-McMoran
FCX
$110B
| $429M | 0.07% |
11,337,500
+3,089,100
| +37% | +$118M |
|
208
CALL
Applied Materials
AMAT
$391B
| $427M | 0.07% |
2,940,700
+422,800
| +17% | +$71.1M |
|
209
CALL
Vertiv
VRT
$101B
| $426M | 0.07% |
5,906,900
+2,405,100
| +69% | +$256M |
|
210
CALL
Intuitive Surgical
ISRG
$134B
| $423M | 0.07% |
854,800
+34,100
| +4% | +$18.9M |
|
211
CALL
T-Mobile US
TMUS
$196B
| $420M | 0.07% |
1,575,800
-831,700
| -35% | -$205M |
|
212
PUT
Marvell Technology
MRVL
$213B
| $418M | 0.07% |
6,795,300
+542,700
| +9% | +$52.7M |
|
213
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $418M | 0.07% |
9,731,000
+1,891,800
| +24% | +$82.7M |
|
|
214
PUT
T-Mobile US
TMUS
$196B
| $415M | 0.07% |
1,557,600
-631,000
| -29% | -$156M |
|
215
PUT
Baidu
BIDU
$31.6B
| $414M | 0.07% |
4,499,900
+2,339,100
| +108% | +$210M |
|
216
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $413M | 0.07% |
5,979,200
+3,788,200
| +173% | +$286M |
|
217
CALL
JD.com
JD
$39.7B
| $408M | 0.07% |
9,933,600
-4,302,100
| -30% | -$173M |
|
218
CALL
Texas Instruments
TXN
$241B
| $406M | 0.07% |
2,259,200
+200,400
| +10% | +$37.5M |
|
219
CALL
Dell
DELL
$286B
| $406M | 0.07% |
4,449,200
-118,700
| -3% | -$12.6M |
|
220
CALL
Target
TGT
$75.1B
| $402M | 0.07% |
3,847,300
-1,726,700
| -31% | -$216M |
|
221
CALL
Vistra
VST
$45.7B
| $400M | 0.07% |
3,403,100
+1,086,100
| +47% | +$162M |
|
222
PUT
Verizon
VZ
$205B
| $399M | 0.07% |
8,801,000
+248,400
| +3% | +$10.3M |
|
223
PUT
GE Vernova
GEV
$255B
| $394M | 0.07% |
1,289,200
+193,500
| +18% | +$67.5M |
|
224
CALL
W.W. Grainger
GWW
$61.8B
| $393M | 0.07% |
398,100
-95,500
| -19% | -$98.7M |
|
225
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $392M | 0.07% |
3,801,000
-1,539,800
| -29% | -$175M |
|
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 withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Brookfield Asset Management worth $86M.
- 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 1,483 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.