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 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
PUT
iQIYI
IQ
$892M
| $11M | ﹤0.01% |
2,246,900
-211,600
| -9% | -$1,000K |
|
2502
Snowflake
SNOW
$114B
| $11M | ﹤0.01% |
55,075
+13,653
| +33% | +$2.31M |
|
2503
PUT
JPMorgan Equity Premium Income ETF
JEPI
$46.2B
| $11M | ﹤0.01% |
199,200
-52,000
| -21% | -$2.8M |
|
2504
Barclays
BCS
$90.3B
| $10.9M | ﹤0.01% |
1,386,249
+974,315
| +237% | +$7.02M |
|
2505
PUT
ZTO Express
ZTO
$16.1B
| $10.9M | ﹤0.01% |
513,200
+20,100
| +4% | +$456K |
|
2506
Elanco Animal Health
ELAN
$12.2B
| $10.9M | ﹤0.01% |
732,448
+316,053
| +76% | +$3.58M |
|
2507
PUT
RBC Bearings
RBC
$16.1B
| $10.9M | ﹤0.01% |
38,300
-7,500
| -16% | -$1.84M |
|
2508
PUT
Sabre
SABR
$864M
| $10.9M | ﹤0.01% |
2,479,800
+155,500
| +7% | +$600K |
|
2509
CALL
Target Hospitality
TH
$1.89B
| $10.9M | ﹤0.01% |
1,120,800
-274,300
| -20% | -$3.39M |
|
2510
Fidelity National Information Services
FIS
$20.9B
| $10.9M | ﹤0.01% |
181,514
-110,692
| -38% | -$6.07M |
|
2511
iShares MSCI South Korea ETF
EWY
$28.3B
| $10.9M | ﹤0.01% |
166,266
+133,442
| +407% | +$8.12M |
|
2512
PUT
Tilray
TLRY
$629M
| $10.9M | ﹤0.01% |
473,460
+91,590
| +24% | +$1.76M |
|
2513
Travel + Leisure Co
TNL
$4.39B
| $10.9M | ﹤0.01% |
278,494
+258,577
| +1,298% | +$9.38M |
|
2514
iShares MSCI India ETF
INDA
$6.61B
| $10.9M | ﹤0.01% |
222,859
-4,303
| -2% | -$196K |
|
2515
Prudential Financial
PRU
$41.5B
| $10.9M | ﹤0.01% |
104,868
-69,160
| -40% | -$6.63M |
|
|
WCN
2516
CALL
Waste Connections
WCN
$41.7B
| $10.9M | ﹤0.01% |
72,800
+58,100
| +395% | +$7.98M |
|
2517
PUT
Banco Bradesco
BBD
$34.2B
| $10.9M | ﹤0.01% |
3,103,660
-1,020,000
| -25% | -$3.2M |
|
2518
PUT
Brinker International
EAT
$10B
| $10.8M | ﹤0.01% |
250,400
-111,900
| -31% | -$4.02M |
|
2519
Lemonade
LMND
$4.17B
| $10.8M | ﹤0.01% |
669,804
-139,662
| -17% | -$2.1M |
|
2520
CALL
Incyte
INCY
$25.9B
| $10.8M | ﹤0.01% |
171,900
+52,600
| +44% | +$2.98M |
|
2521
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$658M
| $10.8M | ﹤0.01% |
515,400
+216,400
| +72% | +$5.32M |
|
|
EMBJ
2522
PUT
Embraer S.A. ADS
EMBJ
$13.4B
| $10.8M | ﹤0.01% |
584,000
-110,100
| -16% | -$1.77M |
|
2523
Nokia
NOK
$59.3B
| $10.8M | ﹤0.01% |
3,147,744
-392,283
| -11% | -$1.33M |
|
2524
PUT
Kinsale Capital Group
KNSL
$8.7B
| $10.8M | ﹤0.01% |
32,100
+5,000
| +18% | +$1.85M |
|
2525
CALL
California Resources
CRC
$4.7B
| $10.7M | ﹤0.01% |
196,500
-224,100
| -53% | -$11.8M |
|
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 Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.