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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
Lockheed Martin
LMT
$130B
| $327M | 0.07% |
799,400
-3,800
| -0.5% | -$1.69M |
|
227
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $326M | 0.07% |
7,815,500
+2,291,200
| +41% | +$102M |
|
228
CALL
Marathon Petroleum
MPC
$101B
| $323M | 0.07% |
2,133,300
+1,049,500
| +97% | +$146M |
|
229
PUT
Caterpillar
CAT
$381B
| $323M | 0.07% |
1,182,100
+97,600
| +9% | +$26.5M |
|
230
PUT
Morgan Stanley
MS
$336B
| $322M | 0.07% |
3,943,800
-162,700
| -4% | -$14.1M |
|
231
PUT
Verizon
VZ
$205B
| $319M | 0.07% |
9,851,300
-709,400
| -7% | -$24M |
|
232
CALL
Palantir
PLTR
$432B
| $317M | 0.07% |
19,831,400
+2,988,500
| +18% | +$47.6M |
|
233
PUT
CrowdStrike
CRWD
$195B
| $315M | 0.07% |
7,530,000
-2,330,400
| -24% | -$90.6M |
|
234
PUT
American Express
AXP
$227B
| $314M | 0.07% |
2,106,700
+337,700
| +19% | +$55.2M |
|
|
VMW
235
DELISTED
VMware, Inc
VMW
| $313M | 0.07% |
1,879,246
+781,424
| +71% | +$125M |
|
236
PUT
Target
TGT
$75.1B
| $311M | 0.06% |
2,809,800
-2,065,100
| -42% | -$262M |
|
237
CALL
Rivian
RIVN
$24.6B
| $310M | 0.06% |
12,781,500
+2,773,900
| +28% | +$64.8M |
|
238
PUT
Albemarle
ALB
$16.9B
| $308M | 0.06% |
1,809,900
+278,500
| +18% | +$55.5M |
|
239
Berkshire Hathaway Class B
BRK.B
$1.06T
| $305M | 0.06% |
872,103
-121,637
| -12% | -$43.2M |
|
|
XYZ
240
CALL
Block Inc
XYZ
$49.4B
| $304M | 0.06% |
6,873,600
+1,794,100
| +35% | +$111M |
|
241
PUT
Blackstone
BX
$108B
| $303M | 0.06% |
2,831,100
-228,500
| -7% | -$23.8M |
|
242
PUT
ServiceNow
NOW
$133B
| $303M | 0.06% |
2,711,000
-931,000
| -26% | -$106M |
|
243
CALL
Applied Materials
AMAT
$391B
| $299M | 0.06% |
2,160,500
+73,800
| +4% | +$10.6M |
|
244
CALL
Devon Energy
DVN
$54B
| $297M | 0.06% |
6,218,000
-3,280,100
| -35% | -$165M |
|
245
PUT
Pinduoduo
PDD
$126B
| $296M | 0.06% |
3,015,600
-909,700
| -23% | -$78.4M |
|
|
246
Alphabet (Google) Class C
GOOG
$4.18T
| $295M | 0.06% |
2,237,981
-430,088
| -16% | -$55.9M |
|
247
Walt Disney
DIS
$186B
| $293M | 0.06% |
3,614,561
-3,783,329
| -51% | -$323M |
|
248
CALL
Accenture
ACN
$113B
| $293M | 0.06% |
953,700
-236,500
| -20% | -$74.5M |
|
249
CALL
Marvell Technology
MRVL
$213B
| $291M | 0.06% |
5,382,400
+760,100
| +16% | +$44.9M |
|
250
CALL
Deere & Co
DE
$175B
| $291M | 0.06% |
771,800
+55,500
| +8% | +$22.9M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.