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 | |
|---|---|---|---|---|---|---|
201
PUT
iShares Silver Trust
SLV
$33.8B
| $533M | 0.07% |
16,250,500
+6,254,200
| +63% | +$191M |
|
202
CALL
Marvell Technology
MRVL
$213B
| $532M | 0.07% |
6,869,300
+1,413,500
| +26% | +$88.2M |
|
|
203
UnitedHealth
UNH
$350B
| $526M | 0.07% |
1,684,648
+1,027,580
| +156% | +$393M |
|
204
CALL
Target
TGT
$75.1B
| $525M | 0.07% |
5,324,400
+1,477,100
| +38% | +$142M |
|
205
PUT
PayPal
PYPL
$52.7B
| $519M | 0.07% |
6,989,200
+23,600
| +0.3% | +$1.62M |
|
206
CALL
American Express
AXP
$227B
| $518M | 0.07% |
1,623,300
-998,900
| -38% | -$281M |
|
207
PUT
Morgan Stanley
MS
$336B
| $515M | 0.07% |
3,658,300
-501,600
| -12% | -$61.6M |
|
208
CALL
Blackstone
BX
$108B
| $513M | 0.07% |
3,428,600
-38,600
| -1% | -$5.3M |
|
209
PUT
Blackrock
BLK
$179B
| $513M | 0.07% |
488,700
-138,400
| -22% | -$131M |
|
|
210
Alphabet (Google) Class A
GOOGL
$4.22T
| $510M | 0.07% |
2,895,022
+743,848
| +35% | +$122M |
|
211
PUT
Dell
DELL
$286B
| $510M | 0.07% |
4,161,000
-1,042,600
| -20% | -$107M |
|
212
PUT
Merck
MRK
$376B
| $508M | 0.07% |
6,423,400
+2,829,600
| +79% | +$225M |
|
213
CALL
United States Oil Fund
USO
$2.24B
| $507M | 0.07% |
6,940,900
+2,969,800
| +75% | +$207M |
|
214
CALL
Datadog
DDOG
$84.6B
| $507M | 0.07% |
3,773,200
+40,100
| +1% | +$4.44M |
|
215
CALL
Royal Caribbean
RCL
$78.1B
| $506M | 0.07% |
1,617,300
+176,800
| +12% | +$42.1M |
|
216
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $504M | 0.07% |
14,682,200
-3,306,700
| -18% | -$110M |
|
217
PUT
Lockheed Martin
LMT
$130B
| $501M | 0.07% |
1,082,300
+287,300
| +36% | +$134M |
|
218
CALL
Johnson & Johnson
JNJ
$651B
| $501M | 0.07% |
3,278,200
-2,016,200
| -38% | -$310M |
|
|
219
CALL
Lockheed Martin
LMT
$130B
| $499M | 0.07% |
1,077,200
+222,300
| +26% | +$104M |
|
220
CALL
PepsiCo
PEP
$196B
| $495M | 0.07% |
3,749,500
+1,546,300
| +70% | +$208M |
|
|
221
PUT
Johnson & Johnson
JNJ
$651B
| $490M | 0.07% |
3,205,100
-190,600
| -6% | -$29.3M |
|
222
PUT
Intuitive Surgical
ISRG
$134B
| $488M | 0.07% |
897,300
-58,800
| -6% | -$30.7M |
|
223
PUT
GE Aerospace
GE
$361B
| $486M | 0.07% |
1,886,800
+388,100
| +26% | +$85.2M |
|
|
224
CALL
Morgan Stanley
MS
$336B
| $483M | 0.07% |
3,429,100
+523,300
| +18% | +$64.3M |
|
225
PUT
Hims & Hers Health
HIMS
$7.88B
| $482M | 0.07% |
9,664,500
+4,520,000
| +88% | +$204M |
|
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.