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 | |
|---|---|---|---|---|---|---|
251
Marriott International
MAR
$92.9B
| $290M | 0.06% |
1,474,392
-243,767
| -14% | -$48.4M |
|
252
PUT
PepsiCo
PEP
$196B
| $289M | 0.06% |
1,704,200
+108,000
| +7% | +$19.6M |
|
253
VanEck Gold Miners ETF
GDX
$31.8B
| $286M | 0.06% |
10,646,460
+1,507,683
| +16% | +$44.4M |
|
254
CALL
Diamondback Energy
FANG
$59B
| $284M | 0.06% |
1,836,200
+238,900
| +15% | +$35.3M |
|
|
255
CALL
PepsiCo
PEP
$196B
| $281M | 0.06% |
1,660,600
+131,300
| +9% | +$23.8M |
|
256
CALL
Royal Caribbean
RCL
$78.1B
| $281M | 0.06% |
3,047,600
+426,100
| +16% | +$42.7M |
|
|
257
PUT
Marriott International
MAR
$92.9B
| $281M | 0.06% |
1,427,300
+820,300
| +135% | +$163M |
|
258
PUT
T-Mobile US
TMUS
$196B
| $280M | 0.06% |
2,002,300
-602,500
| -23% | -$83.5M |
|
259
CALL
Abbott
ABT
$202B
| $278M | 0.06% |
2,869,600
+586,200
| +26% | +$61.6M |
|
260
CALL
Honeywell
HON
$68.4B
| $275M | 0.06% |
1,582,163
+489,439
| +45% | +$89.5M |
|
261
ExxonMobil
XOM
$679B
| $275M | 0.06% |
2,340,339
-719,446
| -24% | -$78.9M |
|
262
AT&T
T
$173B
| $270M | 0.06% |
17,964,607
+7,593,408
| +73% | +$111M |
|
263
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $270M | 0.06% |
15,140,400
+3,659,600
| +32% | +$74.2M |
|
264
CALL
Comcast
CMCSA
$95.3B
| $268M | 0.06% |
6,051,900
+1,329,100
| +28% | +$59.3M |
|
265
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $265M | 0.06% |
10,001,200
+3,280,400
| +49% | +$90.6M |
|
266
PUT
Strategy Inc
MSTR
$47.4B
| $263M | 0.05% |
8,018,000
-1,967,000
| -20% | -$74.1M |
|
267
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $263M | 0.05% |
3,601,200
-769,300
| -18% | -$61.5M |
|
|
268
PUT
AT&T
T
$173B
| $263M | 0.05% |
17,483,300
-305,700
| -2% | -$4.48M |
|
269
Hilton Worldwide
HLT
$73.5B
| $263M | 0.05% |
1,748,140
-419,126
| -19% | -$63.3M |
|
270
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $260M | 0.05% |
2,022,800
+521,000
| +35% | +$69.2M |
|
271
CALL
Valero Energy
VLO
$100B
| $260M | 0.05% |
1,837,600
+293,100
| +19% | +$38.4M |
|
272
CALL
Freeport-McMoran
FCX
$110B
| $260M | 0.05% |
6,962,000
+2,180,700
| +46% | +$87.9M |
|
273
PUT
Enphase Energy
ENPH
$5.1B
| $258M | 0.05% |
2,145,200
+411,500
| +24% | +$58.6M |
|
|
274
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $257M | 0.05% |
9,697,300
+3,624,000
| +60% | +$100M |
|
275
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $257M | 0.05% |
654,800
+105,300
| +19% | +$43.1M |
|
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.