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 | |
|---|---|---|---|---|---|---|
276
PUT
iShares MSCI Canada ETF
EWC
$6.6B
| $304M | 0.06% |
8,275,400
+1,793,200
| +28% | +$61.1M |
|
277
Citigroup
C
$221B
| $302M | 0.06% |
5,873,031
-6,580,887
| -53% | -$291M |
|
278
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $301M | 0.06% |
8,608,300
-3,193,700
| -27% | -$103M |
|
279
Wynn Resorts
WYNN
$10.3B
| $300M | 0.06% |
3,291,361
+1,065,208
| +48% | +$94.4M |
|
280
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $296M | 0.06% |
3,242,000
+2,167,400
| +202% | +$177M |
|
281
PUT
Albemarle
ALB
$16.9B
| $296M | 0.06% |
2,050,000
+240,100
| +13% | +$33M |
|
282
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $294M | 0.06% |
11,592,600
-3,547,800
| -23% | -$73.6M |
|
283
CALL
Palantir
PLTR
$432B
| $293M | 0.06% |
17,077,400
-2,754,000
| -14% | -$49.1M |
|
284
PUT
ConocoPhillips
COP
$162B
| $292M | 0.06% |
2,513,900
+459,800
| +22% | +$53.8M |
|
285
PUT
Cisco
CSCO
$438B
| $291M | 0.06% |
5,752,600
+1,036,300
| +22% | +$52.9M |
|
286
CALL
Analog Devices
ADI
$182B
| $290M | 0.06% |
1,461,200
+187,000
| +15% | +$33.4M |
|
287
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $290M | 0.06% |
607,000
+230,200
| +61% | +$103M |
|
288
PUT
Verizon
VZ
$205B
| $290M | 0.06% |
7,687,500
-2,163,800
| -22% | -$76.6M |
|
289
CALL
Freeport-McMoran
FCX
$110B
| $288M | 0.05% |
6,773,800
-188,200
| -3% | -$6.95M |
|
290
CALL
Northrop Grumman
NOC
$78.3B
| $287M | 0.05% |
613,500
+120,700
| +24% | +$56.6M |
|
291
CALL
Newmont
NEM
$139B
| $287M | 0.05% |
6,935,800
+2,021,200
| +41% | +$78M |
|
|
SCHW
292
PUT
Charles Schwab
SCHW
$194B
| $286M | 0.05% |
4,164,000
-481,800
| -10% | -$27.8M |
|
293
PUT
Marriott International
MAR
$92.9B
| $286M | 0.05% |
1,269,500
-157,800
| -11% | -$32M |
|
294
CALL
Devon Energy
DVN
$54B
| $284M | 0.05% |
6,270,100
+52,100
| +0.8% | +$2.39M |
|
295
PUT
Enphase Energy
ENPH
$5.1B
| $282M | 0.05% |
2,131,500
-13,700
| -0.6% | -$1.45M |
|
296
CALL
Phillips 66
PSX
$96.9B
| $281M | 0.05% |
2,109,600
+692,200
| +49% | +$82.7M |
|
297
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $280M | 0.05% |
15,117,600
+2,218,800
| +17% | +$32.2M |
|
298
TSMC
TSM
$2.17T
| $279M | 0.05% |
2,683,724
-1,758,933
| -40% | -$168M |
|
299
CALL
GE Aerospace
GE
$361B
| $279M | 0.05% |
2,738,807
+575,252
| +27% | +$53.3M |
|
300
CALL
Abbott
ABT
$202B
| $276M | 0.05% |
2,510,700
-358,900
| -13% | -$35.9M |
|
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.