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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
CrowdStrike
CRWD
$195B
| $334M | 0.07% |
9,731,200
+2,893,200
| +42% | +$83.7M |
|
227
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $329M | 0.07% |
7,496,400
+4,242,300
| +130% | +$241M |
|
228
PUT
T-Mobile US
TMUS
$196B
| $329M | 0.07% |
2,268,900
+248,300
| +12% | +$36M |
|
229
PUT
Nike
NKE
$60.5B
| $327M | 0.07% |
2,664,700
-541,800
| -17% | -$66.6M |
|
230
CALL
Verizon
VZ
$205B
| $327M | 0.07% |
8,398,000
+1,862,300
| +28% | +$73.4M |
|
231
CALL
Humana
HUM
$45.5B
| $325M | 0.07% |
668,700
+101,900
| +18% | +$50.4M |
|
232
CALL
Shopify
SHOP
$192B
| $324M | 0.07% |
6,758,600
-3,436,600
| -34% | -$151M |
|
233
CALL
Baidu
BIDU
$31.6B
| $324M | 0.07% |
2,146,200
+185,800
| +9% | +$26.4M |
|
234
CALL
FedEx
FDX
$76.9B
| $324M | 0.07% |
1,416,700
+342,000
| +32% | +$69.4M |
|
235
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $323M | 0.07% |
4,241,100
+262,200
| +7% | +$21.8M |
|
236
PUT
Airbnb
ABNB
$110B
| $316M | 0.07% |
2,539,200
-1,234,900
| -33% | -$141M |
|
237
Advanced Micro Devices
AMD
$773B
| $316M | 0.07% |
3,222,856
-1,159,143
| -26% | -$94.3M |
|
238
CALL
Coinbase
COIN
$49.2B
| $315M | 0.07% |
4,659,800
+689,500
| +17% | +$41.3M |
|
239
PUT
AutoZone
AZO
$48.3B
| $312M | 0.07% |
127,000
-18,900
| -13% | -$46.1M |
|
240
PUT
Albemarle
ALB
$16.9B
| $307M | 0.07% |
1,388,900
+399,900
| +40% | +$98.5M |
|
241
PUT
Blackstone
BX
$108B
| $306M | 0.07% |
3,485,400
-1,344,600
| -28% | -$119M |
|
242
PUT
Deere & Co
DE
$175B
| $305M | 0.06% |
739,500
+15,600
| +2% | +$6.46M |
|
243
CALL
CVS Health
CVS
$119B
| $305M | 0.06% |
4,100,400
+1,367,100
| +50% | +$115M |
|
244
PUT
Lockheed Martin
LMT
$130B
| $304M | 0.06% |
644,100
-374,900
| -37% | -$176M |
|
245
PUT
Starbucks
SBUX
$122B
| $304M | 0.06% |
2,919,200
-25,600
| -0.9% | -$2.66M |
|
246
CALL
Ulta Beauty
ULTA
$22.4B
| $303M | 0.06% |
554,900
+91,000
| +20% | +$46.7M |
|
247
PUT
Texas Instruments
TXN
$241B
| $303M | 0.06% |
1,627,200
-327,300
| -17% | -$57.5M |
|
248
Broadcom
AVGO
$1.75T
| $302M | 0.06% |
4,705,000
+1,070,260
| +29% | +$64.4M |
|
249
CALL
Bristol-Myers Squibb
BMY
$137B
| $300M | 0.06% |
4,327,700
+195,600
| +5% | +$13.8M |
|
250
CALL
Sea Limited
SE
$72B
| $300M | 0.06% |
3,464,300
+234,400
| +7% | +$16M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.