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 | |
|---|---|---|---|---|---|---|
251
Johnson & Johnson
JNJ
$651B
| $297M | 0.06% |
1,917,680
+872,593
| +83% | +$141M |
|
252
PUT
Merck
MRK
$376B
| $297M | 0.06% |
2,789,700
-351,000
| -11% | -$37.9M |
|
253
PUT
CrowdStrike
CRWD
$195B
| $295M | 0.06% |
8,592,800
+4,105,600
| +91% | +$119M |
|
254
CALL
Vanguard S&P 500 ETF
VOO
$1.02T
| $294M | 0.06% |
782,600
+352,200
| +82% | +$129M |
|
255
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $293M | 0.06% |
9,908,200
-3,781,900
| -28% | -$114M |
|
256
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $289M | 0.06% |
1,947,000
+321,600
| +20% | +$43.8M |
|
257
PUT
IBM
IBM
$222B
| $288M | 0.06% |
2,199,400
-1,952,600
| -47% | -$261M |
|
258
CALL
BP
BP
$115B
| $288M | 0.06% |
7,598,900
-1,104,000
| -13% | -$41.2M |
|
259
ExxonMobil
XOM
$679B
| $287M | 0.06% |
2,614,465
+895,379
| +52% | +$99M |
|
260
PUT
Coinbase
COIN
$49.2B
| $285M | 0.06% |
4,222,800
-1,585,600
| -27% | -$94.9M |
|
|
261
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $285M | 0.06% |
2,599,700
+578,700
| +29% | +$62.7M |
|
262
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $284M | 0.06% |
1,025,900
-288,400
| -22% | -$88.2M |
|
263
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $282M | 0.06% |
3,776,400
+1,246,200
| +49% | +$89.3M |
|
|
264
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $282M | 0.06% |
9,552,200
+2,274,500
| +31% | +$68.3M |
|
265
CALL
Las Vegas Sands
LVS
$30.5B
| $280M | 0.06% |
4,870,700
+755,500
| +18% | +$42.3M |
|
266
PUT
Oracle
ORCL
$422B
| $279M | 0.06% |
3,004,100
-418,000
| -12% | -$36.7M |
|
267
CALL
Applied Materials
AMAT
$391B
| $276M | 0.06% |
2,247,300
+217,800
| +11% | +$25M |
|
268
CALL
Ford
F
$57.5B
| $274M | 0.06% |
21,709,000
+5,712,900
| +36% | +$71.5M |
|
269
PUT
United Parcel Service
UPS
$86.8B
| $269M | 0.06% |
1,387,300
+362,300
| +35% | +$66.5M |
|
270
CALL
Accenture
ACN
$113B
| $268M | 0.06% |
937,200
+297,500
| +47% | +$81.1M |
|
271
PUT
Strategy Inc
MSTR
$47.4B
| $268M | 0.06% |
9,156,000
-2,503,000
| -21% | -$61.1M |
|
272
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $267M | 0.06% |
2,064,400
+431,900
| +26% | +$56.4M |
|
|
273
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $267M | 0.06% |
1,798,500
-373,200
| -17% | -$50.9M |
|
274
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $265M | 0.06% |
3,478,900
-1,660,500
| -32% | -$138M |
|
275
PUT
Northrop Grumman
NOC
$78.3B
| $264M | 0.06% |
571,400
+15,700
| +3% | +$7.29M |
|
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.