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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $24.8B | 4.24% |
44,397,100
-11,042,500
| -20% | -$6.49B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $22.7B | 3.87% |
40,544,000
-427,700
| -1% | -$251M |
|
3
CALL
NVIDIA
NVDA
$5.2T
| $17.6B | 3% |
162,163,500
-46,676,400
| -22% | -$5.92B |
|
|
4
PUT
NVIDIA
NVDA
$5.2T
| $15.3B | 2.6% |
140,793,800
+10,523,800
| +8% | +$1.33B |
|
|
5
CALL
Tesla
TSLA
$1.43T
| $15B | 2.55% |
57,733,500
+3,201,800
| +6% | +$1.07B |
|
|
6
PUT
Tesla
TSLA
$1.43T
| $14.7B | 2.51% |
56,712,300
+13,114,400
| +30% | +$4.37B |
|
|
7
CALL
Invesco QQQ Trust
QQQ
$486B
| $13.7B | 2.33% |
29,128,600
+3,571,700
| +14% | +$1.81B |
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $13.4B | 2.29% |
24,024,673
+6,891,747
| +40% | +$4.05B |
|
|
9
PUT
Invesco QQQ Trust
QQQ
$486B
| $13B | 2.22% |
27,757,500
+5,811,400
| +26% | +$2.95B |
|
10
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $11.4B | 1.94% |
57,031,800
+12,273,900
| +27% | +$2.66B |
|
|
11
CALL
Apple
AAPL
$4.51T
| $8.51B | 1.45% |
38,299,500
+320,400
| +0.8% | +$74.2M |
|
|
12
CALL
Meta Platforms (Facebook)
META
$1.4T
| $7.88B | 1.35% |
13,678,700
-293,700
| -2% | -$189M |
|
|
13
CALL
Microsoft
MSFT
$3.59T
| $6.96B | 1.19% |
18,532,500
-1,522,600
| -8% | -$621M |
|
|
14
PUT
Meta Platforms (Facebook)
META
$1.4T
| $6.91B | 1.18% |
11,991,500
+843,900
| +8% | +$544M |
|
|
15
PUT
Microsoft
MSFT
$3.59T
| $5.04B | 0.86% |
13,427,800
-1,165,300
| -8% | -$475M |
|
16
CALL
Amazon
AMZN
$2.79T
| $4.73B | 0.81% |
24,885,600
-4,619,100
| -16% | -$1B |
|
|
17
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $4.27B | 0.73% |
21,407,600
-4,050,300
| -16% | -$879M |
|
|
18
PUT
Apple
AAPL
$4.51T
| $4.06B | 0.69% |
18,273,500
-7,735,600
| -30% | -$1.79B |
|
19
PUT
Netflix
NFLX
$331B
| $3.95B | 0.67% |
42,328,000
-5,871,000
| -12% | -$558M |
|
|
20
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $3.43B | 0.59% |
37,728,400
+1,174,900
| +3% | +$105M |
|
|
21
CALL
Netflix
NFLX
$331B
| $3.38B | 0.58% |
36,206,000
-969,000
| -3% | -$92.2M |
|
|
22
PUT
Amazon
AMZN
$2.79T
| $3.37B | 0.57% |
17,700,300
-287,800
| -2% | -$62.5M |
|
23
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.29B | 0.56% |
21,288,700
+2,690,100
| +14% | +$488M |
|
24
PUT
Strategy Inc
MSTR
$47.4B
| $3.01B | 0.51% |
10,458,700
-6,397,100
| -38% | -$2.03B |
|
25
PUT
Costco
COST
$420B
| $2.97B | 0.51% |
3,136,900
-491,100
| -14% | -$479M |
|
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.