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 | |
|---|---|---|---|---|---|---|
276
Chevron
CVX
$403B
| $262M | 0.05% |
1,661,920
+471,166
| +40% | +$75.5M |
|
277
CALL
Wynn Resorts
WYNN
$10.3B
| $261M | 0.05% |
2,472,000
-1,670,500
| -40% | -$179M |
|
278
CALL
Moderna
MRNA
$57.9B
| $260M | 0.05% |
2,142,400
-341,600
| -14% | -$45.6M |
|
279
CALL
Thermo Fisher Scientific
TMO
$233B
| $259M | 0.05% |
497,000
-256,500
| -34% | -$138M |
|
280
CALL
Palantir
PLTR
$432B
| $258M | 0.05% |
16,842,900
+5,296,700
| +46% | +$60.2M |
|
281
CALL
Enphase Energy
ENPH
$5.1B
| $257M | 0.05% |
1,535,500
-178,900
| -10% | -$32M |
|
282
CALL
Las Vegas Sands
LVS
$30.5B
| $256M | 0.05% |
4,420,400
-450,300
| -9% | -$26.6M |
|
|
283
PUT
Wynn Resorts
WYNN
$10.3B
| $255M | 0.05% |
2,410,100
+995,300
| +70% | +$107M |
|
284
CALL
Intuitive Surgical
ISRG
$134B
| $254M | 0.05% |
742,900
-7,900
| -1% | -$2.39M |
|
285
CALL
Nucor
NUE
$55.3B
| $253M | 0.05% |
1,542,900
-915,000
| -37% | -$134M |
|
286
DoorDash
DASH
$96.8B
| $251M | 0.05% |
3,278,817
-163,754
| -5% | -$10.9M |
|
287
CALL
Abbott
ABT
$202B
| $249M | 0.05% |
2,283,400
-12,900
| -0.6% | -$1.38M |
|
288
PUT
Merck
MRK
$376B
| $249M | 0.05% |
2,156,900
-632,800
| -23% | -$71.8M |
|
|
289
Wynn Resorts
WYNN
$10.3B
| $249M | 0.05% |
2,353,512
+649,613
| +38% | +$69.6M |
|
290
PUT
Lowe's Companies
LOW
$121B
| $248M | 0.05% |
1,098,300
-1,021,100
| -48% | -$212M |
|
291
Target
TGT
$75.1B
| $246M | 0.05% |
1,865,425
+1,433,653
| +332% | +$213M |
|
292
CALL
Agnico Eagle Mines
AEM
$109B
| $246M | 0.05% |
4,922,600
+687,600
| +16% | +$37.2M |
|
293
CALL
Baidu
BIDU
$31.6B
| $241M | 0.05% |
1,760,200
-386,000
| -18% | -$50.5M |
|
294
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $240M | 0.05% |
1,087,400
+242,100
| +29% | +$50.5M |
|
295
CALL
Delta Air Lines
DAL
$54.2B
| $239M | 0.05% |
5,020,200
+602,100
| +14% | +$22.2M |
|
296
PUT
iShares MSCI Canada ETF
EWC
$6.6B
| $238M | 0.05% |
6,793,600
+5,607,900
| +473% | +$194M |
|
297
CALL
Pfizer
PFE
$160B
| $238M | 0.05% |
6,476,900
+95,500
| +1% | +$3.72M |
|
298
PUT
Procter & Gamble
PG
$336B
| $237M | 0.05% |
1,559,900
-912,400
| -37% | -$138M |
|
|
299
iShares Russell 2000 ETF
IWM
$81.9B
| $236M | 0.05% |
1,262,052
-4,289,595
| -77% | -$765M |
|
300
CALL
RTX Corp
RTX
$283B
| $235M | 0.05% |
2,403,500
+173,600
| +8% | +$17M |
|
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.