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 | Miscellaneous | 93.94% |
| 2 | Technology | 1.79% |
| 3 | Consumer Discretionary | 0.82% |
| 4 | Financials | 0.79% |
| 5 | Healthcare | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
PUT
ProShares Short S&P500
SH
$825M
| $14.2M | ﹤0.01% |
358,600
+302,300
| +537% | +$13.1M |
|
2402
First Horizon
FHN
$11.6B
| $14.2M | ﹤0.01% |
670,227
+177,096
| +36% | +$3.37M |
|
|
VSXY
2403
PUT
Victoria's Secret
VSXY
$7.15B
| $14.2M | ﹤0.01% |
767,100
+214,100
| +39% | +$4.19M |
|
2404
Okta
OKTA
$29.6B
| $14.2M | ﹤0.01% |
142,058
-396,506
| -74% | -$42.3M |
|
|
AZEK
2405
DELISTED
The AZEK Co
AZEK
| $14.2M | ﹤0.01% |
260,856
-179,410
| -41% | -$8.99M |
|
2406
NIO
NIO
$10.9B
| $14.2M | ﹤0.01% |
4,132,016
-6,562,689
| -61% | -$24.5M |
|
|
NVMI
2407
CALL
Nova
NVMI
$11.7B
| $14.1M | ﹤0.01% |
51,400
-90,700
| -64% | -$18.5M |
|
2408
Valero Energy
VLO
$99.7B
| $14.1M | ﹤0.01% |
105,013
+38,499
| +58% | +$4.8M |
|
|
SNDK
2409
Sandisk
SNDK
$216B
| $14.1M | ﹤0.01% |
311,205
-35,178
| -10% | -$1.35M |
|
2410
Vanguard Morningstar Small-Cap ETF
VB
$82.3B
| $14.1M | ﹤0.01% |
59,552
-96,562
| -62% | -$21.5M |
|
2411
CALL
Seadrill
SDRL
$2.95B
| $14.1M | ﹤0.01% |
537,600
+527,100
| +5,020% | +$12.4M |
|
|
XIFR
2412
PUT
XPLR Infrastructure LP
XIFR
$1.11B
| $14.1M | ﹤0.01% |
1,719,700
+101,000
| +6% | +$877K |
|
2413
CALL
Ambarella
AMBA
$3.11B
| $14.1M | ﹤0.01% |
213,400
+101,600
| +91% | +$5.39M |
|
2414
PUT
Sweetgreen
SG
$795M
| $14M | ﹤0.01% |
943,400
+385,600
| +69% | +$6.36M |
|
2415
PUT
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.29B
| $14M | ﹤0.01% |
8,895
+4,138
| +87% | +$14M |
|
2416
Petrobras
PBR
$116B
| $14M | ﹤0.01% |
1,121,430
-3,680,667
| -77% | -$44.1M |
|
2417
PUT
Bank of Montreal
BMO
$120B
| $14M | ﹤0.01% |
126,800
-43,200
| -25% | -$4.35M |
|
2418
Alaska Air
ALK
$4.83B
| $14M | ﹤0.01% |
283,411
+243,687
| +613% | +$11.8M |
|
2419
CALL
Commault Systems
CVLT
$5.85B
| $14M | ﹤0.01% |
80,400
-37,900
| -32% | -$6.47M |
|
2420
Remitly
RELY
$5.55B
| $14M | ﹤0.01% |
746,675
+530,793
| +246% | +$11M |
|
2421
Lucid Motors
LCID
$2.1B
| $14M | ﹤0.01% |
663,935
+591,542
| +817% | +$14.2M |
|
2422
Realty Income
O
$58.7B
| $14M | ﹤0.01% |
243,155
+104,155
| +75% | +$5.89M |
|
2423
CALL
BCE
BCE
$21.9B
| $14M | ﹤0.01% |
631,600
-18,000
| -3% | -$394K |
|
2424
PUT
Vista Energy
VIST
$7.68B
| $14M | ﹤0.01% |
292,700
-327,400
| -53% | -$15.5M |
|
2425
Tradeweb Markets
TW
$22.8B
| $14M | ﹤0.01% |
95,408
-68,805
| -42% | -$9.6M |
|
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'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 Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.