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 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Alphabet (Google) Class C
GOOG
$4.18T
| $323M | 0.07% |
2,668,069
-883,655
| -25% | -$102M |
|
|
ATVI
227
PUT
DELISTED
Activision Blizzard
ATVI
| $322M | 0.07% |
3,819,300
+3,186,200
| +503% | +$258M |
|
228
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $322M | 0.07% |
3,702,800
-2,108,000
| -36% | -$166M |
|
229
CALL
AutoZone
AZO
$48.3B
| $317M | 0.06% |
127,000
+39,500
| +45% | +$101M |
|
230
Marriott International
MAR
$92.9B
| $316M | 0.06% |
1,718,159
+379,164
| +28% | +$65.8M |
|
231
Hilton Worldwide
HLT
$73.5B
| $315M | 0.06% |
2,167,266
-244,219
| -10% | -$34.8M |
|
232
PUT
Lockheed Martin
LMT
$130B
| $310M | 0.06% |
672,900
+28,800
| +4% | +$13.4M |
|
233
CALL
AT&T
T
$173B
| $309M | 0.06% |
19,379,900
-7,164,200
| -27% | -$122M |
|
234
CALL
Pinduoduo
PDD
$126B
| $309M | 0.06% |
4,465,400
-207,000
| -4% | -$14.2M |
|
235
PUT
American Express
AXP
$227B
| $308M | 0.06% |
1,769,000
-498,000
| -22% | -$80.4M |
|
236
PUT
Moderna
MRNA
$57.9B
| $308M | 0.06% |
2,532,400
+173,000
| +7% | +$23.1M |
|
237
PUT
United Airlines
UAL
$36.7B
| $304M | 0.06% |
5,535,300
-203,100
| -4% | -$9.59M |
|
238
CALL
Amgen
AMGN
$238B
| $302M | 0.06% |
1,361,600
-225,300
| -14% | -$52.3M |
|
239
CALL
Applied Materials
AMAT
$391B
| $302M | 0.06% |
2,086,700
-160,600
| -7% | -$20.1M |
|
240
PUT
IBM
IBM
$222B
| $301M | 0.06% |
2,253,100
+53,700
| +2% | +$6.93M |
|
241
CALL
Intuit
INTU
$100B
| $297M | 0.06% |
649,200
-508,800
| -44% | -$223M |
|
|
XYZ
242
PUT
Block Inc
XYZ
$49.4B
| $297M | 0.06% |
4,454,300
-2,579,300
| -37% | -$161M |
|
243
PUT
PepsiCo
PEP
$196B
| $296M | 0.06% |
1,596,200
-1,257,800
| -44% | -$235M |
|
244
PUT
Enphase Energy
ENPH
$5.1B
| $290M | 0.06% |
1,733,700
+517,300
| +43% | +$92.4M |
|
245
CALL
Deere & Co
DE
$175B
| $290M | 0.06% |
716,300
+134,400
| +23% | +$51.4M |
|
246
PUT
Super Micro Computer
SMCI
$24.1B
| $289M | 0.06% |
11,578,000
+10,768,000
| +1,329% | +$180M |
|
|
247
PUT
Intuit
INTU
$100B
| $285M | 0.06% |
622,100
-154,800
| -20% | -$67.8M |
|
248
PUT
Blackstone
BX
$108B
| $284M | 0.06% |
3,059,600
-425,800
| -12% | -$36.8M |
|
249
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $284M | 0.06% |
15,087,700
-4,782,800
| -24% | -$56M |
|
|
250
PUT
AT&T
T
$173B
| $284M | 0.06% |
17,789,000
+5,570,100
| +46% | +$94.9M |
|
Similar funds
Jeff Yass's Q2 2023 Portfolio in Review
As of Q2 2023, Jeff Yass held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass withdrew a net $23.6B in Q2 2023, closing 1,867 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Jeff Yass's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Jeff Yass added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Jeff Yass's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Jeff Yass fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Jeff Yass's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Jeff Yass opened 1,370 new positions and closed 1,867 in Q2 2023.
- Jeff Yass's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.