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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
Vale
VALE
$62.1B
| $366M | 0.07% |
23,062,300
-11,100,300
| -32% | -$159M |
|
227
VanEck Gold Miners ETF
GDX
$31.8B
| $365M | 0.07% |
11,780,682
+1,134,222
| +11% | +$33.2M |
|
228
CALL
Royal Caribbean
RCL
$78.1B
| $365M | 0.07% |
2,820,300
-227,300
| -7% | -$23.2M |
|
229
PUT
PayPal
PYPL
$52.7B
| $365M | 0.07% |
5,946,400
-1,313,800
| -18% | -$75.3M |
|
|
230
CALL
Pfizer
PFE
$160B
| $364M | 0.07% |
12,655,200
+2,420,700
| +24% | +$73.2M |
|
|
SCHW
231
CALL
Charles Schwab
SCHW
$194B
| $364M | 0.07% |
5,293,300
+1,476,700
| +39% | +$85.3M |
|
232
CALL
Amgen
AMGN
$238B
| $362M | 0.07% |
1,256,200
-334,100
| -21% | -$91M |
|
|
233
PUT
Amgen
AMGN
$238B
| $362M | 0.07% |
1,255,400
+30,800
| +3% | +$8.39M |
|
234
CALL
United Rentals
URI
$68.4B
| $360M | 0.07% |
627,100
+183,300
| +41% | +$86.5M |
|
235
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $357M | 0.07% |
3,224,300
+2,453,100
| +318% | +$255M |
|
236
CALL
KLA
KLAC
$240B
| $356M | 0.07% |
6,129,000
+1,237,000
| +25% | +$64.4M |
|
237
PUT
Blackstone
BX
$108B
| $354M | 0.07% |
2,707,600
-123,500
| -4% | -$13.4M |
|
238
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $353M | 0.07% |
3,958,700
+1,595,300
| +68% | +$118M |
|
239
PUT
IBM
IBM
$222B
| $352M | 0.07% |
2,154,500
-530,100
| -20% | -$80.1M |
|
240
CALL
Coca-Cola
KO
$392B
| $351M | 0.07% |
5,961,300
-1,510,800
| -20% | -$85.8M |
|
241
PUT
Zscaler
ZS
$29.4B
| $350M | 0.07% |
1,577,500
+83,200
| +6% | +$15.4M |
|
|
242
PUT
Coca-Cola
KO
$392B
| $348M | 0.07% |
5,911,200
-1,784,700
| -23% | -$101M |
|
|
243
Meta Platforms (Facebook)
META
$1.4T
| $347M | 0.07% |
979,733
-3,037,082
| -76% | -$989M |
|
244
CALL
FedEx
FDX
$76.9B
| $346M | 0.07% |
1,365,900
-56,100
| -4% | -$14.3M |
|
245
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $345M | 0.07% |
3,027,500
-1,129,000
| -27% | -$118M |
|
246
CALL
Humana
HUM
$45.5B
| $339M | 0.06% |
741,000
+229,200
| +45% | +$113M |
|
|
247
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $338M | 0.06% |
14,057,200
+4,359,900
| +45% | +$110M |
|
248
PUT
Texas Instruments
TXN
$241B
| $337M | 0.06% |
1,978,900
+755,800
| +62% | +$117M |
|
249
Kenvue
KVUE
$36.6B
| $336M | 0.06% |
15,626,756
-6,034,365
| -28% | -$121M |
|
250
CALL
Lockheed Martin
LMT
$130B
| $334M | 0.06% |
737,300
-62,100
| -8% | -$27.5M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.