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 | |
|---|---|---|---|---|---|---|
251
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $332M | 0.06% |
3,626,800
+2,039,100
| +128% | +$167M |
|
252
CALL
Moderna
MRNA
$57.9B
| $331M | 0.06% |
3,333,100
+113,300
| +4% | +$9.53M |
|
253
PUT
Airbnb
ABNB
$110B
| $327M | 0.06% |
2,398,700
-523,000
| -18% | -$67.4M |
|
|
254
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $326M | 0.06% |
13,580,200
+3,579,000
| +36% | +$90.7M |
|
255
CALL
Hilton Worldwide
HLT
$73.5B
| $322M | 0.06% |
1,769,500
+740,800
| +72% | +$121M |
|
256
PUT
Applied Materials
AMAT
$391B
| $322M | 0.06% |
1,984,800
+132,700
| +7% | +$19.5M |
|
257
CALL
DoorDash
DASH
$96.8B
| $322M | 0.06% |
3,252,500
+229,300
| +8% | +$20.3M |
|
258
Linde
LIN
$225B
| $320M | 0.06% |
779,017
+525,799
| +208% | +$207M |
|
259
JPMorgan Chase
JPM
$935B
| $319M | 0.06% |
1,872,568
-583,496
| -24% | -$88.4M |
|
260
CALL
Enphase Energy
ENPH
$5.1B
| $317M | 0.06% |
2,401,300
+576,900
| +32% | +$61.2M |
|
261
CALL
Marriott International
MAR
$92.9B
| $317M | 0.06% |
1,406,700
+131,100
| +10% | +$26.6M |
|
262
CALL
AT&T
T
$173B
| $317M | 0.06% |
18,868,200
-3,114,900
| -14% | -$49.2M |
|
263
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $316M | 0.06% |
2,308,200
-1,547,300
| -40% | -$218M |
|
264
Bank of America
BAC
$431B
| $315M | 0.06% |
9,340,799
-5,193,863
| -36% | -$151M |
|
265
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $311M | 0.06% |
3,474,800
-716,400
| -17% | -$59.3M |
|
266
PUT
Merck
MRK
$376B
| $310M | 0.06% |
2,844,200
+956,100
| +51% | +$99.2M |
|
267
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $309M | 0.06% |
7,688,923
+6,451,471
| +521% | +$249M |
|
268
CALL
Deere & Co
DE
$175B
| $309M | 0.06% |
773,100
+1,300
| +0.2% | +$490K |
|
269
PUT
Union Pacific
UNP
$183B
| $308M | 0.06% |
1,253,100
+190,500
| +18% | +$41.9M |
|
270
PUT
Procter & Gamble
PG
$336B
| $307M | 0.06% |
2,096,600
+558,600
| +36% | +$82.7M |
|
|
271
CALL
Merck
MRK
$376B
| $307M | 0.06% |
2,812,600
-852,000
| -23% | -$88.4M |
|
272
Alphabet (Google) Class C
GOOG
$4.18T
| $306M | 0.06% |
2,172,743
-65,238
| -3% | -$8.85M |
|
273
CALL
Danaher
DHR
$154B
| $306M | 0.06% |
1,321,000
+322,946
| +32% | +$68.7M |
|
274
CALL
Accenture
ACN
$113B
| $305M | 0.06% |
870,000
-83,700
| -9% | -$27M |
|
275
CALL
American Express
AXP
$227B
| $304M | 0.06% |
1,624,600
+505,100
| +45% | +$81.3M |
|
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.