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 |
Tesla
TSLA
|
+$2.17B |
| 2 |
Microsoft
MSFT
|
+$619M |
| 3 |
Apple
AAPL
|
+$377M |
| 4 |
Booking.com
BKNG
|
+$319M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$270M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.48B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$896M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$599M |
| 4 |
Citigroup
C
|
+$467M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$430M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.55% |
| 3 | Financials | 1.15% |
| 4 | Healthcare | 0.97% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $222M | 0.06% |
1,632,500
-595,300
| -27% | -$78.9M |
|
302
CALL
Danaher
DHR
$154B
| $220M | 0.06% |
936,240
+138,180
| +17% | +$32M |
|
303
Alibaba
BABA
$286B
| $219M | 0.06% |
2,487,030
+1,390,222
| +127% | +$110M |
|
304
PUT
United Airlines
UAL
$36.7B
| $219M | 0.06% |
5,798,000
+1,053,600
| +22% | +$42.8M |
|
305
CALL
Ulta Beauty
ULTA
$22.4B
| $218M | 0.06% |
463,900
-88,500
| -16% | -$38.2M |
|
306
Marriott International
MAR
$92.9B
| $216M | 0.05% |
1,452,883
+328,331
| +29% | +$50.6M |
|
307
CALL
SolarEdge
SEDG
$1.9B
| $215M | 0.05% |
760,600
+104,700
| +16% | +$27.8M |
|
308
PUT
Cigna
CI
$73.3B
| $215M | 0.05% |
649,900
-561,100
| -46% | -$178M |
|
309
PUT
Albemarle
ALB
$16.9B
| $214M | 0.05% |
989,000
+465,400
| +89% | +$124M |
|
310
PUT
American Express
AXP
$227B
| $214M | 0.05% |
1,447,600
-534,300
| -27% | -$79.2M |
|
311
PUT
JD.com
JD
$39.7B
| $214M | 0.05% |
3,743,400
+766,400
| +26% | +$38.6M |
|
|
PXD
312
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $213M | 0.05% |
934,800
+262,000
| +39% | +$63.7M |
|
313
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $213M | 0.05% |
2,021,000
-729,200
| -27% | -$76.3M |
|
314
CALL
Rio Tinto
RIO
$171B
| $213M | 0.05% |
2,991,100
+1,337,600
| +81% | +$84M |
|
315
CALL
Phillips 66
PSX
$96.9B
| $210M | 0.05% |
2,018,400
+317,400
| +19% | +$32.5M |
|
316
Wells Fargo
WFC
$254B
| $210M | 0.05% |
5,080,816
-930,388
| -15% | -$41.2M |
|
317
CALL
TJX Companies
TJX
$155B
| $210M | 0.05% |
2,632,700
+1,083,700
| +70% | +$80M |
|
318
CALL
Northrop Grumman
NOC
$78.3B
| $209M | 0.05% |
383,300
-32,000
| -8% | -$16.7M |
|
319
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $209M | 0.05% |
2,482,300
-336,900
| -12% | -$28.3M |
|
320
PUT
Ford
F
$57.5B
| $209M | 0.05% |
17,957,200
-7,565,300
| -30% | -$97.2M |
|
321
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $208M | 0.05% |
470,000
+24,600
| +6% | +$10.9M |
|
322
CALL
Newmont
NEM
$139B
| $207M | 0.05% |
4,367,900
-238,100
| -5% | -$10.6M |
|
323
UnitedHealth
UNH
$350B
| $207M | 0.05% |
389,613
+262,450
| +206% | +$139M |
|
324
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $206M | 0.05% |
7,277,700
-2,759,100
| -27% | -$71.3M |
|
325
PUT
CVS Health
CVS
$119B
| $206M | 0.05% |
2,206,100
+756,300
| +52% | +$73M |
|
Similar funds
Jeff Yass's Q4 2022 Portfolio in Review
As of Q4 2022, Jeff Yass held 14,748 positions worth $395B, up 2.2% from $387B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q4 2022 filing shows 1,670 new, 4,598 increased, 5,766 reduced and 2,485 closed positions. Its largest new stake was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M. The largest sale was Amazon, an estimated $1.48B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, up from 1.9% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2022 buy was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M.
- Jeff Yass added most to Tesla in Q4 2022, an estimated $2.17B increase.
- Jeff Yass's biggest Q4 2022 reduction was Amazon, cutting an estimated $1.48B.
- Jeff Yass fully exited Twitter, Inc. in Q4 2022, selling an estimated $76M.
- Jeff Yass's ten largest holdings make up 27% of its $395B portfolio in Q4 2022.
- Jeff Yass opened 1,670 new positions and closed 2,485 in Q4 2022.
- Jeff Yass's portfolio value rose 2.2% quarter-over-quarter to $395B.
Based on Susquehanna International Group's 13F filing for Q4 2022, filed 14 Feb 2023.