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 |
Meta Platforms (Facebook)
META
|
+$646M |
| 2 |
Tesla
TSLA
|
+$572M |
| 3 |
Broadcom
AVGO
|
+$521M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$478M |
| 5 |
lululemon athletica
LULU
|
+$400M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.14B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$861M |
| 3 |
Palantir
PLTR
|
+$730M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$576M |
| 5 |
NVIDIA
NVDA
|
+$443M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.74% |
| 2 | Consumer Discretionary | 0.9% |
| 3 | Financials | 0.71% |
| 4 | Communication Services | 0.62% |
| 5 | Healthcare | 0.56% |
| 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
| $38B | 4.34% |
56,968,300
+3,992,700
| +8% | +$2.56B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $37.1B | 4.24% |
55,713,200
-661,100
| -1% | -$424M |
|
|
3
CALL
NVIDIA
NVDA
$5.2T
| $23.7B | 2.71% |
127,100,700
-14,970,600
| -11% | -$2.61B |
|
|
4
CALL
Tesla
TSLA
$1.43T
| $23.5B | 2.69% |
52,914,200
-6,898,300
| -12% | -$2.39B |
|
|
5
PUT
Tesla
TSLA
$1.43T
| $18.2B | 2.08% |
40,839,400
-6,224,500
| -13% | -$2.16B |
|
6
PUT
Invesco QQQ Trust
QQQ
$486B
| $18B | 2.06% |
30,039,600
+7,777,600
| +35% | +$4.45B |
|
|
7
CALL
Invesco QQQ Trust
QQQ
$486B
| $17.1B | 1.95% |
28,427,700
-219,800
| -0.8% | -$126M |
|
|
8
PUT
NVIDIA
NVDA
$5.2T
| $16.3B | 1.87% |
87,560,400
-10,317,300
| -11% | -$1.8B |
|
9
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $11.2B | 1.28% |
46,228,600
+292,300
| +0.6% | +$67.1M |
|
10
CALL
Apple
AAPL
$4.51T
| $11B | 1.26% |
43,395,500
+7,944,600
| +22% | +$1.79B |
|
11
CALL
Microsoft
MSFT
$3.59T
| $10.9B | 1.25% |
21,093,200
+352,600
| +2% | +$180M |
|
|
12
CALL
Meta Platforms (Facebook)
META
$1.4T
| $10B | 1.15% |
13,653,600
-401,200
| -3% | -$299M |
|
|
13
PUT
Apple
AAPL
$4.51T
| $9.18B | 1.05% |
36,033,500
+9,259,500
| +35% | +$2.09B |
|
|
14
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $8.72B | 1% |
13,087,684
-1,776,429
| -12% | -$1.14B |
|
15
CALL
Amazon
AMZN
$2.79T
| $8.52B | 0.97% |
38,784,900
+11,284,100
| +41% | +$2.55B |
|
16
CALL
UnitedHealth
UNH
$350B
| $7.76B | 0.89% |
22,476,800
+7,171,900
| +47% | +$2.17B |
|
|
17
PUT
Meta Platforms (Facebook)
META
$1.4T
| $7.41B | 0.85% |
10,092,800
-1,047,300
| -9% | -$779M |
|
18
CALL
SPDR Gold Trust
GLD
$152B
| $7.05B | 0.81% |
19,830,900
+3,171,500
| +19% | +$1.01B |
|
|
19
PUT
Microsoft
MSFT
$3.59T
| $6.88B | 0.79% |
13,276,100
-2,458,700
| -16% | -$1.25B |
|
20
PUT
Netflix
NFLX
$331B
| $6.14B | 0.7% |
51,200,000
+9,690,000
| +23% | +$1.18B |
|
|
21
CALL
Palantir
PLTR
$432B
| $5.51B | 0.63% |
30,228,100
+2,473,800
| +9% | +$401M |
|
|
22
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $5.31B | 0.61% |
21,838,000
-1,336,400
| -6% | -$280M |
|
23
PUT
Strategy Inc
MSTR
$47.4B
| $4.99B | 0.57% |
15,487,300
+4,368,800
| +39% | +$1.62B |
|
|
24
PUT
UnitedHealth
UNH
$350B
| $4.96B | 0.57% |
14,367,200
+3,541,000
| +33% | +$1.07B |
|
|
25
PUT
Palantir
PLTR
$432B
| $4.92B | 0.56% |
26,987,900
-2,324,000
| -8% | -$377M |
|
Similar funds
Jeff Yass's Q3 2025 Portfolio in Review
As of Q3 2025, Jeff Yass held 14,336 positions worth $875B, up 22% from $720B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $67.5B of net new capital in Q3 2025, opening 1,794 new positions and adding to 5,240 existing holdings. Its largest new stake was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.8% 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 $1.14B trimmed.
- Jeff Yass's largest Q3 2025 buy was BitMine Immersion Technologies: 7,689,603 shares worth $399M.
- Jeff Yass added most to Meta Platforms (Facebook) in Q3 2025, an estimated $646M increase.
- Jeff Yass's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.14B.
- Jeff Yass fully exited iShares Core MSCI Total International Stock ETF in Q3 2025, selling an estimated $123M.
- Jeff Yass's ten largest holdings make up 24% of its $875B portfolio in Q3 2025.
- Jeff Yass opened 1,794 new positions and closed 2,105 in Q3 2025.
- Jeff Yass's portfolio value rose 22% quarter-over-quarter to $875B.
Based on Susquehanna International Group's 13F filing for Q3 2025, filed 14 Nov 2025.