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 | |
|---|---|---|---|---|---|---|
2301
CALL
GDS Holdings
GDS
$6.52B
| $15.5M | ﹤0.01% |
506,700
-11,800
| -2% | -$299K |
|
2302
CALL
GXO Logistics
GXO
$5.5B
| $15.5M | ﹤0.01% |
317,500
+244,900
| +337% | +$9.76M |
|
2303
Moody's
MCO
$89.1B
| $15.4M | ﹤0.01% |
30,782
+16,689
| +118% | +$7.73M |
|
2304
CALL
Global Payments
GPN
$24.6B
| $15.4M | ﹤0.01% |
192,800
-418,900
| -68% | -$33.2M |
|
|
CNR
2305
CALL
Core Natural Resources Inc
CNR
$4.87B
| $15.4M | ﹤0.01% |
221,000
-12,700
| -5% | -$903K |
|
2306
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $15.4M | ﹤0.01% |
439,300
+128,400
| +41% | +$4.65M |
|
2307
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.3B
| $15.4M | ﹤0.01% |
459,094
+177,740
| +63% | +$4.99M |
|
2308
PUT
Arch Capital
ACGL
$34.4B
| $15.4M | ﹤0.01% |
169,100
+140,200
| +485% | +$12.9M |
|
2309
GE HealthCare
GEHC
$33.1B
| $15.4M | ﹤0.01% |
207,855
+126,731
| +156% | +$8.82M |
|
2310
PUT
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.49B
| $15.4M | ﹤0.01% |
371,700
+82,300
| +28% | +$3.38M |
|
2311
CALL
Comstock Resources
CRK
$4.26B
| $15.4M | ﹤0.01% |
556,300
+33,000
| +6% | +$751K |
|
2312
PUT
Rambus
RMBS
$9.76B
| $15.4M | ﹤0.01% |
240,300
+146,900
| +157% | +$7.87M |
|
2313
Cloudflare
NET
$101B
| $15.4M | ﹤0.01% |
78,510
-95,992
| -55% | -$13.9M |
|
2314
US Global Jets ETF
JETS
$799M
| $15.3M | ﹤0.01% |
668,217
+560,974
| +523% | +$11.9M |
|
2315
CALL
Hartford Financial Services
HIG
$37.9B
| $15.3M | ﹤0.01% |
120,900
-15,400
| -11% | -$1.91M |
|
|
PR
2316
CALL
Permian Resources
PR
$19.1B
| $15.3M | ﹤0.01% |
1,125,900
+553,100
| +97% | +$7.11M |
|
2317
CALL
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $15.3M | ﹤0.01% |
268,500
+91,100
| +51% | +$4.88M |
|
2318
PUT
Canadian Imperial Bank of Commerce
CM
$108B
| $15.3M | ﹤0.01% |
215,800
+114,200
| +112% | +$7.35M |
|
2319
CALL
Bank OZK
OZK
$5.39B
| $15.3M | ﹤0.01% |
324,600
+7,000
| +2% | +$306K |
|
2320
Middleby
MIDD
$5.22B
| $15.3M | ﹤0.01% |
105,935
+18,395
| +21% | +$2.59M |
|
2321
iShares Silver Trust
SLV
$33.1B
| $15.3M | ﹤0.01% |
464,842
-117,273
| -20% | -$3.59M |
|
2322
CALL
Equifax
EFX
$22.4B
| $15.3M | ﹤0.01% |
58,800
+22,400
| +62% | +$5.7M |
|
2323
Popular Inc
BPOP
$10.8B
| $15.2M | ﹤0.01% |
138,348
-23,973
| -15% | -$2.37M |
|
2324
PUT
Bunge Global
BG
$21.8B
| $15.2M | ﹤0.01% |
189,800
-198,600
| -51% | -$15.6M |
|
2325
PUT
Dover
DOV
$27.6B
| $15.2M | ﹤0.01% |
83,000
+54,900
| +195% | +$9.55M |
|
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's Q2 2025 filing shows 1,720 new, 5,716 increased, 5,055 reduced and 1,538 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,549,778 shares worth $120M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $5.24B.
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.
- 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.