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 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3001
PUT
Groupon
GRPN
$794M
| $7.61M | ﹤0.01% |
592,600
-373,000
| -39% | -$4.48M |
|
3002
CALL
Genuine Parts
GPC
$19B
| $7.6M | ﹤0.01% |
54,900
-26,700
| -33% | -$3.66M |
|
3003
CALL
Cogent Communications
CCOI
$486M
| $7.59M | ﹤0.01% |
99,800
+41,600
| +71% | +$2.78M |
|
3004
Celanese
CE
$4.94B
| $7.59M | ﹤0.01% |
48,838
-125,571
| -72% | -$16.4M |
|
3005
CALL
Brink's
BCO
$4.57B
| $7.58M | ﹤0.01% |
86,200
+46,900
| +119% | +$3.6M |
|
|
ITOS
3006
PUT
DELISTED
iTeos Therapeutics
ITOS
| $7.58M | ﹤0.01% |
691,800
+503,500
| +267% | +$4.99M |
|
3007
International Paper
IP
$20.8B
| $7.56M | ﹤0.01% |
209,066
+33,327
| +19% | +$1.16M |
|
3008
CALL
Sundial Growers
SNDL
$336M
| $7.56M | ﹤0.01% |
4,606,900
-140,300
| -3% | -$211K |
|
3009
Huntsman Corp
HUN
$1.66B
| $7.55M | ﹤0.01% |
300,268
-366,517
| -55% | -$8.91M |
|
3010
ResMed
RMD
$34.7B
| $7.55M | ﹤0.01% |
43,864
-89,116
| -67% | -$13.7M |
|
3011
Comfort Systems
FIX
$53.5B
| $7.54M | ﹤0.01% |
36,682
+14,345
| +64% | +$2.65M |
|
3012
CALL
Hyatt Hotels
H
$16.2B
| $7.54M | ﹤0.01% |
57,800
-38,000
| -40% | -$4.31M |
|
3013
PUT
Global X Lithium & Battery Tech ETF
LIT
$1.63B
| $7.53M | ﹤0.01% |
147,900
+117,800
| +391% | +$5.84M |
|
3014
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.6B
| $7.52M | ﹤0.01% |
41,808
+31,317
| +299% | +$5.11M |
|
|
OSG
3015
CALL
Octave Specialty Group
OSG
$209M
| $7.52M | ﹤0.01% |
456,100
+370,100
| +430% | +$5.15M |
|
3016
Under Armour
UAA
$2.18B
| $7.52M | ﹤0.01% |
855,072
+657,285
| +332% | +$5.06M |
|
3017
Pacific Biosciences
PACB
$435M
| $7.52M | ﹤0.01% |
766,165
+520,223
| +212% | +$4.25M |
|
3018
Liberty Energy
LBRT
$3.1B
| $7.51M | ﹤0.01% |
414,229
+370,477
| +847% | +$7.04M |
|
3019
CALL
Western Midstream Partners
WES
$20B
| $7.51M | ﹤0.01% |
256,800
-24,300
| -9% | -$679K |
|
|
SAND
3020
DELISTED
Sandstorm Gold
SAND
| $7.51M | ﹤0.01% |
1,493,608
+222,926
| +18% | +$1.06M |
|
3021
CALL
Icon
ICLR
$13.1B
| $7.5M | ﹤0.01% |
26,500
+17,500
| +194% | +$4.53M |
|
3022
CALL
Macerich
MAC
$6.73B
| $7.49M | ﹤0.01% |
485,700
+254,500
| +110% | +$3.03M |
|
3023
CALL
TAL Education Group
TAL
$6.62B
| $7.49M | ﹤0.01% |
592,900
+320,800
| +118% | +$3.32M |
|
3024
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.3B
| $7.48M | ﹤0.01% |
120,911
-10,621
| -8% | -$607K |
|
3025
PUT
Alerian MLP ETF
AMLP
$13.4B
| $7.48M | ﹤0.01% |
176,000
-90,500
| -34% | -$3.84M |
|
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 Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.