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 | |
|---|---|---|---|---|---|---|
|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $34.8B | 4.84% |
56,374,300
+15,830,300
| +39% | +$9.05B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $32.7B | 4.55% |
52,975,600
+8,578,500
| +19% | +$4.9B |
|
3
CALL
NVIDIA
NVDA
$5.2T
| $22.4B | 3.12% |
142,071,300
-20,092,200
| -12% | -$2.53B |
|
|
4
CALL
Tesla
TSLA
$1.43T
| $19B | 2.64% |
59,812,500
+2,079,000
| +4% | +$626M |
|
|
5
CALL
Invesco QQQ Trust
QQQ
$486B
| $15.8B | 2.2% |
28,647,500
-481,100
| -2% | -$239M |
|
|
6
PUT
NVIDIA
NVDA
$5.2T
| $15.5B | 2.15% |
97,877,700
-42,916,100
| -30% | -$5.4B |
|
|
7
PUT
Tesla
TSLA
$1.43T
| $15B | 2.08% |
47,063,900
-9,648,400
| -17% | -$2.91B |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $12.3B | 1.71% |
22,262,000
-5,495,500
| -20% | -$2.73B |
|
9
CALL
Meta Platforms (Facebook)
META
$1.4T
| $10.4B | 1.44% |
14,054,800
+376,100
| +3% | +$232M |
|
|
10
CALL
Microsoft
MSFT
$3.59T
| $10.3B | 1.43% |
20,740,600
+2,208,100
| +12% | +$959M |
|
|
11
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $9.91B | 1.38% |
45,936,300
-11,095,500
| -19% | -$2.23B |
|
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $9.18B | 1.28% |
14,864,113
-9,160,560
| -38% | -$5.24B |
|
|
13
PUT
Meta Platforms (Facebook)
META
$1.4T
| $8.22B | 1.14% |
11,140,100
-851,400
| -7% | -$526M |
|
|
14
PUT
Microsoft
MSFT
$3.59T
| $7.83B | 1.09% |
15,734,800
+2,307,000
| +17% | +$1B |
|
|
15
CALL
Apple
AAPL
$4.51T
| $7.27B | 1.01% |
35,450,900
-2,848,600
| -7% | -$575M |
|
16
CALL
Amazon
AMZN
$2.79T
| $6.03B | 0.84% |
27,500,800
+2,615,200
| +11% | +$518M |
|
17
CALL
Netflix
NFLX
$331B
| $5.66B | 0.79% |
42,229,000
+6,023,000
| +17% | +$681M |
|
|
18
PUT
Netflix
NFLX
$331B
| $5.56B | 0.77% |
41,510,000
-818,000
| -2% | -$92.5M |
|
|
19
PUT
Apple
AAPL
$4.51T
| $5.49B | 0.76% |
26,774,000
+8,500,500
| +47% | +$1.72B |
|
20
CALL
SPDR Gold Trust
GLD
$152B
| $5.08B | 0.71% |
16,659,400
+7,899,800
| +90% | +$2.39B |
|
|
21
CALL
UnitedHealth
UNH
$350B
| $4.77B | 0.66% |
15,304,900
+12,102,400
| +378% | +$4.63B |
|
22
PUT
Strategy Inc
MSTR
$47.4B
| $4.49B | 0.62% |
11,118,500
+659,800
| +6% | +$240M |
|
|
23
PUT
Amazon
AMZN
$2.79T
| $4.41B | 0.61% |
20,083,900
+2,383,600
| +13% | +$472M |
|
|
24
CALL
Strategy Inc
MSTR
$47.4B
| $4.28B | 0.6% |
10,598,000
+2,021,200
| +24% | +$736M |
|
|
25
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.08B | 0.57% |
23,174,400
+1,885,700
| +9% | +$309M |
|
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.