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 | |
|---|---|---|---|---|---|---|
276
CALL
Zoom
ZM
$31.5B
| $261M | 0.06% |
3,538,100
-463,100
| -12% | -$33.4M |
|
|
SCHW
277
CALL
Charles Schwab
SCHW
$194B
| $261M | 0.06% |
4,984,800
+3,225,400
| +183% | +$236M |
|
278
CALL
Pfizer
PFE
$160B
| $260M | 0.06% |
6,381,400
-6,100,600
| -49% | -$263M |
|
279
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $259M | 0.06% |
688,100
-143,500
| -17% | -$52.6M |
|
280
CALL
Vale
VALE
$62.1B
| $257M | 0.05% |
16,291,700
+1,429,900
| +10% | +$24.2M |
|
281
PUT
BP
BP
$115B
| $257M | 0.05% |
6,768,300
+160,500
| +2% | +$6M |
|
282
CALL
Marathon Petroleum
MPC
$101B
| $256M | 0.05% |
1,897,600
+846,100
| +80% | +$106M |
|
283
PUT
Enphase Energy
ENPH
$5.1B
| $256M | 0.05% |
1,216,400
-902,800
| -43% | -$196M |
|
284
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $255M | 0.05% |
3,407,000
+1,305,400
| +62% | +$93.6M |
|
285
PUT
United Airlines
UAL
$36.7B
| $254M | 0.05% |
5,738,400
-59,600
| -1% | -$2.86M |
|
286
PUT
Diamondback Energy
FANG
$59B
| $251M | 0.05% |
1,859,100
+25,700
| +1% | +$3.58M |
|
287
Home Depot
HD
$335B
| $250M | 0.05% |
848,676
+289,592
| +52% | +$88.8M |
|
288
CALL
Biogen
BIIB
$32B
| $248M | 0.05% |
891,600
-190,200
| -18% | -$52.6M |
|
289
Verizon
VZ
$205B
| $248M | 0.05% |
6,367,336
+3,232,585
| +103% | +$127M |
|
290
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $247M | 0.05% |
7,923,200
-1,476,600
| -16% | -$47.2M |
|
291
PUT
Danaher
DHR
$154B
| $243M | 0.05% |
1,089,197
+414,540
| +61% | +$94.3M |
|
292
PUT
Blackrock
BLK
$179B
| $243M | 0.05% |
363,300
-180,200
| -33% | -$127M |
|
293
CALL
SolarEdge
SEDG
$1.9B
| $242M | 0.05% |
796,200
+35,600
| +5% | +$10.9M |
|
294
PUT
Las Vegas Sands
LVS
$30.5B
| $241M | 0.05% |
4,190,700
+1,199,800
| +40% | +$67.2M |
|
295
CALL
Deere & Co
DE
$175B
| $240M | 0.05% |
581,900
+39,500
| +7% | +$16.4M |
|
296
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $238M | 0.05% |
2,355,200
-102,900
| -4% | -$10.3M |
|
297
PUT
General Motors
GM
$77.2B
| $238M | 0.05% |
6,486,400
+2,410,800
| +59% | +$91.1M |
|
|
VMW
298
DELISTED
VMware, Inc
VMW
| $237M | 0.05% |
1,900,332
+355,567
| +23% | +$42.7M |
|
299
CALL
Valero Energy
VLO
$100B
| $237M | 0.05% |
1,699,100
+188,200
| +12% | +$25.3M |
|
300
CALL
Altria Group
MO
$110B
| $236M | 0.05% |
5,289,900
-13,300
| -0.3% | -$611K |
|
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.