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 | |
|---|---|---|---|---|---|---|
251
PUT
Zoom
ZM
$31.5B
| $284M | 0.06% |
4,178,600
-2,080,100
| -33% | -$139M |
|
252
CALL
PepsiCo
PEP
$196B
| $283M | 0.06% |
1,529,300
-675,400
| -31% | -$126M |
|
253
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $282M | 0.06% |
2,610,500
-656,100
| -20% | -$71M |
|
254
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $279M | 0.06% |
2,167,700
-1,067,300
| -33% | -$134M |
|
255
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $278M | 0.06% |
3,271,200
-135,800
| -4% | -$10.4M |
|
256
CALL
Marvell Technology
MRVL
$213B
| $276M | 0.06% |
4,622,300
+1,904,400
| +70% | +$92.5M |
|
257
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $276M | 0.06% |
3,319,700
-921,400
| -22% | -$77.1M |
|
258
CALL
Union Pacific
UNP
$183B
| $276M | 0.06% |
1,346,700
-1,058,700
| -44% | -$210M |
|
259
CALL
CrowdStrike
CRWD
$195B
| $276M | 0.06% |
7,503,600
-2,227,600
| -23% | -$77.6M |
|
260
VanEck Gold Miners ETF
GDX
$32B
| $275M | 0.06% |
9,138,777
+5,896,324
| +182% | +$192M |
|
261
PUT
Northrop Grumman
NOC
$78.3B
| $275M | 0.06% |
603,000
+31,600
| +6% | +$14.3M |
|
|
SCHW
262
PUT
Charles Schwab
SCHW
$194B
| $274M | 0.06% |
4,842,600
-1,561,000
| -24% | -$81.8M |
|
263
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $274M | 0.06% |
614,300
+100,300
| +20% | +$42.3M |
|
264
CALL
Royal Caribbean
RCL
$78.1B
| $272M | 0.06% |
2,621,500
+555,400
| +27% | +$43.5M |
|
265
CALL
Ford
F
$57.5B
| $272M | 0.06% |
17,949,300
-3,759,700
| -17% | -$47.6M |
|
266
PUT
Pinduoduo
PDD
$126B
| $271M | 0.06% |
3,925,300
-1,751,100
| -31% | -$120M |
|
267
CALL
CVS Health
CVS
$119B
| $271M | 0.06% |
3,913,000
-187,400
| -5% | -$13.3M |
|
268
TSMC
TSM
$2.17T
| $268M | 0.05% |
2,659,685
-3,333,649
| -56% | -$310M |
|
269
CALL
American Express
AXP
$227B
| $267M | 0.05% |
1,533,800
-879,300
| -36% | -$142M |
|
270
PUT
Caterpillar
CAT
$381B
| $267M | 0.05% |
1,084,500
-417,500
| -28% | -$93.1M |
|
271
PUT
General Motors
GM
$77.2B
| $266M | 0.05% |
6,892,500
+406,100
| +6% | +$14M |
|
272
PUT
Spotify
SPOT
$110B
| $266M | 0.05% |
1,655,000
+168,000
| +11% | +$24.3M |
|
273
PUT
Texas Instruments
TXN
$241B
| $264M | 0.05% |
1,464,600
-162,600
| -10% | -$28M |
|
274
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $264M | 0.05% |
2,456,400
+101,200
| +4% | +$10.2M |
|
275
CALL
Vanguard S&P 500 ETF
VOO
$1.02T
| $263M | 0.05% |
646,700
-135,900
| -17% | -$52.4M |
|
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.