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 | |
|---|---|---|---|---|---|---|
276
PUT
Moderna
MRNA
$57.9B
| $257M | 0.05% |
2,486,400
-46,000
| -2% | -$5.13M |
|
277
PUT
Applied Materials
AMAT
$391B
| $256M | 0.05% |
1,852,100
+245,800
| +15% | +$35.2M |
|
|
SCHW
278
PUT
Charles Schwab
SCHW
$194B
| $255M | 0.05% |
4,645,800
-196,800
| -4% | -$11.9M |
|
279
CALL
RTX Corp
RTX
$283B
| $254M | 0.05% |
3,528,700
+1,125,200
| +47% | +$96.4M |
|
280
PUT
Ulta Beauty
ULTA
$22.4B
| $254M | 0.05% |
635,000
-398,700
| -39% | -$174M |
|
281
PUT
Cisco
CSCO
$438B
| $254M | 0.05% |
4,716,300
+365,000
| +8% | +$19.7M |
|
282
PUT
Celsius Holdings
CELH
$8.44B
| $253M | 0.05% |
4,416,900
+1,608,000
| +57% | +$90.4M |
|
283
CALL
Marriott International
MAR
$92.9B
| $251M | 0.05% |
1,275,600
+499,500
| +64% | +$99.2M |
|
284
PUT
Intuit
INTU
$100B
| $250M | 0.05% |
489,200
-132,900
| -21% | -$67.3M |
|
285
CALL
Humana
HUM
$45.5B
| $249M | 0.05% |
511,800
+26,400
| +5% | +$12.4M |
|
286
CALL
Eaton
ETN
$163B
| $249M | 0.05% |
1,165,500
+402,400
| +53% | +$86.7M |
|
287
UnitedHealth
UNH
$350B
| $248M | 0.05% |
490,932
+33,036
| +7% | +$16.3M |
|
288
PUT
ConocoPhillips
COP
$162B
| $246M | 0.05% |
2,054,100
+565,900
| +38% | +$65.7M |
|
|
289
CALL
Ulta Beauty
ULTA
$22.4B
| $246M | 0.05% |
614,900
-259,900
| -30% | -$114M |
|
290
Netflix
NFLX
$331B
| $244M | 0.05% |
6,458,860
+2,267,840
| +54% | +$96.1M |
|
291
Johnson & Johnson
JNJ
$651B
| $242M | 0.05% |
1,553,039
+262,909
| +20% | +$43.4M |
|
292
CALL
DoorDash
DASH
$96.8B
| $240M | 0.05% |
3,023,200
+10,600
| +0.4% | +$863K |
|
293
PUT
General Motors
GM
$77.2B
| $238M | 0.05% |
7,206,200
+313,700
| +5% | +$11.1M |
|
294
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $237M | 0.05% |
5,243,076
+1,581,324
| +43% | +$69.2M |
|
295
CALL
SolarEdge
SEDG
$1.9B
| $237M | 0.05% |
1,827,800
+1,068,700
| +141% | +$205M |
|
296
PUT
Charter Communications
CHTR
$17.9B
| $235M | 0.05% |
534,400
-50,900
| -9% | -$21.2M |
|
297
PUT
Zscaler
ZS
$29.4B
| $232M | 0.05% |
1,494,300
+333,800
| +29% | +$50.1M |
|
298
CALL
Zoom
ZM
$31.5B
| $232M | 0.05% |
3,324,200
+558,100
| +20% | +$38.7M |
|
299
PUT
Valero Energy
VLO
$100B
| $231M | 0.05% |
1,632,300
+7,000
| +0.4% | +$917K |
|
300
PUT
United Parcel Service
UPS
$86.8B
| $231M | 0.05% |
1,482,000
+481,600
| +48% | +$83.1M |
|
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.